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Dec 23, 2010

Global Geothermal Power and Heat Pump Market Offering a Promising Growth Rate Of 14% by 2015


The global geothermal energy market including power generation and direct use in terms of installed capacity is expected to grow from 61,200 MW in 2010 to 120,300 MW in 2015 at an estimated CAGR of 14% for the same period. Europe leads the geothermal market with a share of 37% followed by Americas and Asia with 32% and 27% share respectively for geothermal energy supply.

Browse in-depth TOC on Global Geothermal Power and Heat Pump Market Outlook: (2010-2015). 
Early buyers will receive 10% customization of report.
http://www.marketsandmarkets.com/Market-Reports/geothermal-energy-market-284.html

The global geothermal electricity market is expected to grow from installed capacity of 10,500 MW in 2009 to 19,200 MW in 2015, at an estimated CAGR of 12.4% and the global geothermal direct use installed capacity is expected to grow from 50,500 MW in 2010 to 101,100 MW in 2015 at an estimated CAGR of 14.9% for the same period.

The global cumulative installations of geothermal heat pumps are expected to grow from 2.94 million in 2010 to 5.66 million in 2015 at an estimated CAGR of 14% for the same period. The major countries using geothermal heat pumps are Germany, Netherlands, Norway, Sweden, and U.S. The major portion .i.e. around 67% of geothermal energy available for direct use is utilized by geothermal heat pumps for space/district heating requirements.

Due to the natural occurrence of geothermal resources having source temperature above 90oC due to geological activities, the Americas region is leading in geothermal power installed capacity globally with 43% share. It is followed by Asia Pacific at 41%. Europe leads in geothermal direct use installed capacity with a share of 42%. It is followed by the Americas with 30% share due to availability of resources having source temperature under 90oC.

The major countries involved in geothermal power generation are U.S. followed by Philippines, and Indonesia, whereas in geothermal direct use, U.S. is followed by China and Sweden in 2010.
The main driving factors in the geothermal market are environment-friendliness and lower operating and maintenance cost when compared to conventional fuels. The favorable policy and regulation framework and recent investment activities by governments and venture capitalists are boosting the development of the geothermal energy market. However, the growth in the market is impacted by higher initial cost and limited geographical availability of resources. All these reasons make Europe and Americas leading regions in direct use and geothermal power generation respectively.

The major players in geothermal power industry are Enel (Italy), First Gen (Philippines), Ormat Technologies (U.S.), Reykjavik Energy (Iceland), and Magma Energy Corp. (Canada) and the major players in the geothermal heat pump are Climate Master Inc. (U.S.), Waterfurnace International Inc. (U.S.), Ochsner (Germany), and Florida Heat Pumps (U.S.).

About MarketsandMarkets
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com

Posted by Unknown at 12/23/2010

Dec 22, 2010

Global Geothermal Installed Capacity Including Power Generation and Direct Use is expected to reach 120,300 MW by 2015


According to the new market research report ‘Global Geothermal Power and Heat Pump Market Outlook: (2010-2015)’, published by MarketsandMarkets, the global geothermal installed capacity, including power generation and direct use, is expected to grow from 61,200 MW in 2010 to 120,300 MW in 2015 at an estimated CAGR of 14% for the same period.

Browse in-depth TOC on Global Geothermal Power and Heat Pump Market Outlook: (2010-2015).
Early buyers will receive 10% customization of report.
http://www.marketsandmarkets.com/Market-Reports/geothermal-energy-market-284.html

Geothermal energy is a renewable source of energy derived from the earth’s crust. The energy is available underneath in the form of heat. The major applications of geothermal energy like electricity generation and direct use (geothermal heat pump installations) have been covered in great detail in the report. These two applications form the geothermal energy industry and are the focus areas of interest in the report.

Scope of the report
The sub-types of applications of geothermal energy based on their conversion technologies and equipments have been analyzed in detail. This report covers installed capacities, market share of industry players with their profiles, and market forecast of the aforesaid applications of geothermal energy. We have done an in-depth competitive landscape and geographic analysis for each of the markets and their sub-segments, covering the major markets, viz. Americas, Europe, Asia Pacific, and Rest of the World (RoW).

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About MarketsandMarkets
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com

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Posted by Unknown at 12/22/2010