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Global Geothermal Drilling Market 2023-2027

Publisher TechNavio
Published Aug 29, 2023
Length 161 Pages
SKU # INF18180449

Description

Global Geothermal Drilling Market 2023-2027


The geothermal drilling market is forecasted to grow by USD 205.01 mn during 2022-2027, accelerating at a CAGR of 4.31% during the forecast period. The report on the geothermal drilling market 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for energy worldwide, need for efficient use of resources and reduction of emissions, and volatility in oil prices and increase in electricity prices boost demand for geothermal energy.

Technavio's geothermal drilling market is segmented as below:

By Application
  • Binary plants
  • Steam plants
By Area
  • Below 1000m
  • 1000-2000m
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the decarbonization initiatives as one of the prime reasons driving the geothermal drilling market growth during the next few years. Also, development of EGS technology and application of ml techniques in geothermal exploration will lead to sizable demand in the market.

The report on the geothermal drilling market covers the following areas:
  • Geothermal drilling market sizing
  • Geothermal drilling market forecast
  • Geothermal drilling market industry analysis
The 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 vendors that include Baker Hughes Co., Deep Rock Manufacturing Co., Drillstar Industries, Fraste Spa, GA Drilling AS, Geotech Drilling Services Ltd., Gill Rock Drill Co. Inc., Halliburton Co., Huisman Equipment BV, Hydro Resources, KCA Deutag Alpha Ltd., KONYA SONDAJ, Laibe Corp., Marton Geotechnical Services Ltd., Ormat Technologies Inc., PT Pertamina Persero, Quaise Energy, Schlumberger Ltd., SIMCO Drilling Equipment Inc., and STDS Jantz GmbH and Co. KG. Also, the geothermal drilling market 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 publisher 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. The 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.

Table of Contents

161 Pages
    • Market overview
    • Market ecosystem
    • Market definition
    • Market segment analysis
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
    • Global geothermal drilling market for power generation 2017 - 2021
    • Application Segment Analysis 2017 - 2021
    • Area Segment Analysis 2017 - 2021
    • Geography Segment Analysis 2017 - 2021
    • Country Segment Analysis 2017 - 2021
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Application
    • Binary plants - Market size and forecast 2022-2027
    • Steam plants - Market size and forecast 2022-2027
    • Market opportunity by Application
    • Market segments
    • Comparison by Area
    • Below 1000m - Market size and forecast 2022-2027
    • Market opportunity by Area
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2022-2027
    • North America - Market size and forecast 2022-2027
    • Europe - Market size and forecast 2022-2027
    • South America - Market size and forecast 2022-2027
    • Middle East and Africa - Market size and forecast 2022- 2027
    • US - Market size and forecast 2022-2027
    • Indonesia - Market size and forecast 2022-2027
    • The Philippines - Market size and forecast 2022-2027
    • Turkey - Market size and forecast 2022-2027
    • New Zealand - Market size and forecast 2022-2027
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market trends
    • Overview
    • Vendor landscape
    • Landscape disruption
    • Industry risks
    • Vendors covered
    • Market positioning of vendors
    • Baker Hughes Co.
    • Deep Rock Manufacturing Co.
    • Fraste Spa
    • GA Drilling AS
    • Geotech Drilling Services Ltd.
    • Gill Rock Drill Co. Inc.
    • Halliburton Co.
    • Huisman Equipment BV
    • Hydro Resources
    • KCA Deutag Alpha Ltd.
    • KONYA SONDAJ
    • Laibe Corp.
    • Marton Geotechnical Services Ltd.
    • Ormat Technologies Inc.
    • Schlumberger Ltd.
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

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