New York, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Geothermal Drilling Market for Power Generation 2021-2025" - https://www.reportlinker.com/p05976520/?utm_source=GNW
86 mn during 2021-2025, progressing at a CAGR of almost 5% during the forecast period. Our report on the geothermal drilling market for power generation provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising demand for energy and the need for efficient use of resources and reduction of emissions. In addition, the rising demand for energy is anticipated to boost the growth of the market as well.
The geothermal drilling market for power generation analysis includes the application segment and geographic landscape.
The geothermal drilling market for power generation is segmented as below:
By Application
• Binary plants
• Steam plants
By Geographical Landscape
• Europe
• APAC
• North America
• MEA
• South America
This study identifies the volatility in oil prices and increase in electricity prices boost demand for geothermal energy as one of the prime reasons driving the geothermal drilling market for power generation growth during the next few years.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on geothermal drilling market for power generation covers the following areas:
• Geothermal drilling market for power generation sizing
• Geothermal drilling market for power generation forecast
• Geothermal drilling market for power generation industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading geothermal drilling market for power generation vendors that include Baker Hughes Co., Deep Rock Manufacturing Co., Fraste Spa, Geotech Drilling Services Ltd., Halliburton Co., Huisman Equipment BV, KCA Deutag Alpha Ltd., Marton Geotechnical Services Ltd., Ormat Technologies Inc., and Schlumberger Ltd. Also, the geothermal drilling market for power generation analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report: https://www.reportlinker.com/p05976520/?utm_source=GNW
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