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Middle East Geothermal Energy Market Size, Share & Trends Analysis Report By Technology (Flash Steam, Dry Steam, Binary Cycle Power Plants), By Power (Upto 5 MW, Above 5 MW), By Application, By Country, And Segment Forecasts, 2025 - 2033

Publisher Grand View Research
Published Oct 01, 2025
Length 110 Pages
SKU # GV20575246

Description

Middle East Geothermal Energy Market Summary

The Middle East geothermal energy market size was valued at USD 239.51 million in 2024 and is projected to reach USD 472.86 million by 2033, growing at a CAGR of 7.7% from 2025 to 2033. Geothermal energy deployment in the region spans utility-scale, commercial & industrial (C&I), and district heating applications, enabling grid-connected and off-grid solutions across diverse sectors.

National strategies such as Saudi Vision 2030, the UAE Energy Strategy 2050, and emerging renewable frameworks in Turkey, Jordan, and Israel catalyze geothermal investments to diversify energy sources, reduce greenhouse gas emissions, and strengthen long-term energy security. Countries across the Gulf Cooperation Council (GCC) and the Levant increasingly leverage geothermal resources to supply electricity, support industrial complexes, provide heating for urban centers, and enhance resilience to rising energy demand and climate-driven challenges.

Growth in the market is driven by the region’s untapped geothermal potential, technological advancements, and supportive financing mechanisms, including public-private partnerships (PPPs) and power purchase agreements (PPAs). Utility-scale geothermal plants dominate installations, while pilot and small-scale district heating projects are gaining traction in urban and industrial areas. Hybrid systems integrating geothermal with solar or waste heat recovery are being explored to improve efficiency and ensure a round-the-clock energy supply. Emerging opportunities include geothermal-powered desalination plants, industrial process heating, and geothermal-solar hybrid solutions, which can enhance energy reliability and reduce carbon intensity. With leading companies such as ACWA Power, Masdar, First Solar, JinkoSolar, and EDF Renewables increasingly exploring geothermal development alongside other renewables, the Middle East geothermal energy market is positioned for steady growth over the coming decade.

Middle East Geothermal Energy Market Report Segmentation

This report forecasts revenue growth at the regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East geothermal energy market report on the basis of technology, power, application, and country:
  • Technology Outlook (Revenue, USD Million, 2021 - 2033)
  • Flash Steam
  • Dry Steam
  • Binary Cycle Power Plants
  • Power Outlook (Revenue, USD Million, 2021 - 2033)
  • Upto 5 MW
  • Above 5 MW
  • Application Outlook (Revenue, USD Million, 2021 - 2033)
  • Residential
  • Commercial
  • Industrial
  • Country Outlook (Revenue, USD Million, 2021 - 2033)
  • Middle East
  • UAE
  • Saudi Arabia
  • Israel
  • Oman
  • Qatar
Please note The report will be delivered in 4-8 business days upon order notification.

Table of Contents

110 Pages
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.4.1. Standards & Compliance
3.4.2. Regulatory Impact Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Opportunities
3.5.4. Market Challenges
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of Substitution
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTLE Analysis
3.7.1. Political
3.7.2. Economic
3.7.3. Social Landscape
3.7.4. Technological
3.7.5. Environmental
3.7.6. Legal
Chapter 4. Middle East Geothermal Energy Market: Technology Estimates & Trend Analysis
4.1. Middle East Geothermal Energy Market: Technology Movement Analysis, 2024 & 2033
4.2. Flash Steam
4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
4.3. Dry Steam
4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
4.4. Binary Cycle Power Plants
Chapter 5. Middle East Geothermal Energy Market: Power Estimates & Trend Analysis
5.1. Middle East Geothermal Energy Market: Power Movement Analysis, 2024 & 2033
5.2. Upto 5MW
5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
5.3. Above 5 MW
5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 6. Middle East Geothermal Energy Market: Application Estimates & Trend Analysis
6.1. Middle East Geothermal Energy Market: Application Movement Analysis, 2024 & 2033
6.2. Residential
6.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
6.3. Commercial
6.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
6.4. Industrial
Chapter 7. Middle East Geothermal Energy Market: Country Estimates & Trend Analysis
7.1. Country Analysis, 2024 & 2033
7.2. Middle East
7.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
7.2.2. Market estimates and forecasts, by technology, 2021 - 2033 (USD Million)
7.2.3. Market estimates and forecasts, by power, 2021 - 2033 (USD Million)
7.2.4. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
7.2.5. UAE
7.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
7.2.5.2. Market estimates and forecasts, by technology, 2021 - 2033 (USD Million)
7.2.5.3. Market estimates and forecasts, by power, 2021 - 2033 (USD Million)
7.2.5.4. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
7.2.6. Saudi Arabia
7.2.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
7.2.6.2. Market estimates and forecasts, by technology, 2021 - 2033 (USD Million)
7.2.6.3. Market estimates and forecasts, by power, 2021 - 2033 (USD Million)
7.2.6.4. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
7.2.7. Israel
7.2.7.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
7.2.7.2. Market estimates and forecasts, by technology, 2021 - 2033 (USD Million)
7.2.7.3. Market estimates and forecasts, by power, 2021 - 2033 (USD Million)
7.2.7.4. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
7.2.8. Oman
7.2.8.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
7.2.8.2. Market estimates and forecasts, by technology, 2021 - 2033 (USD Million)
7.2.8.3. Market estimates and forecasts, by power, 2021 - 2033 (USD Million)
7.2.8.4. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
7.2.9. Qatar
7.2.9.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
7.2.9.2. Market estimates and forecasts, by technology, 2021 - 2033 (USD Million)
7.2.9.3. Market estimates and forecasts, by power, 2021 - 2033 (USD Million)
7.2.9.4. Market estimates and forecasts, by application, 2021 - 2033 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments By Key Market Participants
8.2. Company Categorization
8.3. List of Key Component Suppliers & Channel Partners
8.4. Company Market Share & Positioning Analysis, 2024
8.5. Heat Map Analysis
8.6. Vendor Landscape
8.6.1. List of Raw Product Suppliers
8.6.2. List of Distributors/Traders
8.6.3. List of Other Prominent Manufacturers
8.7. List of Prospective End Users
8.8. Strategy Mapping
8.9. Company Profiles/Listing
8.9.1. TAQA Geothermal Energy Company
8.9.1.1. Company Overview
8.9.1.2. Financial Performance
8.9.1.3. Product Benchmarking
8.9.2. ENGIE Middle East
8.9.2.1. Company Overview
8.9.2.2. Financial Performance
8.9.2.3. Product Benchmarking
8.9.3. CRETA Group
8.9.3.1. Company Overview
8.9.3.2. Financial Performance
8.9.3.3. Product Benchmarking
8.9.4. Hydropower Energy and General Construction
8.9.4.1. Company Overview
8.9.4.2. Financial Performance
8.9.5. AMEA Power
8.9.5.1. Company Overview
8.9.5.2. Financial Performance
8.9.5.3. Product Benchmarking
8.9.6. Masdar
8.9.6.1. Company Overview
8.9.6.2. Financial Performance
8.9.6.3. Product Benchmarking
8.9.7. EDF Saudi Arabia
8.9.7.1. Company Overview
8.9.7.2. Financial Performance
8.9.7.3. Product Benchmarking
8.9.8. Enviromena Power Systems
8.9.8.1. Company Overview
8.9.8.2. Financial Performance
8.9.8.3. Product Benchmarking
8.9.9. Horizon Geosciences
8.9.9.1. Company Overview
8.9.9.2. Financial Performance
8.9.9.3. Product Benchmarking
8.9.10. REXA
8.9.10.1. Company Overview
8.9.10.2. Financial Performance
8.9.10.3. Product Benchmarking

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