Global Geothermal Drilling For Power Generation Market 2026-2030

Global Geothermal Drilling For Power Generation Market 2026-2030

The global geothermal drilling for power generation market is forecasted to grow by USD 243.5 mn during 2025-2030, accelerating at a CAGR of 4.5% during the forecast period. The report on the global geothermal drilling for power generation 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 global decarbonization mandates and necessity for baseload power, innovation in subsurface engineering and enhanced geothermal systems, strategic integration of oil and gas expertise and infrastructure.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's global geothermal drilling for power generation market is segmented as below:

By Application

• Binary plants
• Steam plants

By Area

• Below 1000m
• 1000-2000m

By Type

• Production wells
• Injection wells
• Slim wells

Geography

• APAC
• Indonesia
• The Philippines
• Japan
• China
• India
• Australia
• North America
• US
• Canada
• Mexico
• Europe
• Italy
• Germany
• France
• Portugal
• Greece
• South America
• Chile
• Argentina
• Brazil
• Middle East and Africa
• Turkey
• Egypt
• Kenya
• Ethiopia
• Rest of World (ROW)

This study identifies the integration of high-temperature resilient materials and next-generation sensors as one of the prime reasons driving the global geothermal drilling for power generation market growth during the next few years. Also, cross-industry technological convergence with hydrocarbon sector and deployment of millimeter-wave and non-mechanical drilling technologies will lead to sizable demand in the market.

The report on the global geothermal drilling for power generation market covers the following areas:

• Global geothermal drilling for power generation market sizing
• Global geothermal drilling for power generation market forecast
• Global geothermal drilling for power generation 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 global geothermal drilling for power generation market vendors that include Baker Hughes Co., Deep Rock Manufacturing Co., Eavor Technologies Inc., Fervo Energy, Fraste Spa, GA Drilling AS, Geotech Drilling Services Ltd., Gill Rock Drill Co. Inc., Halliburton Co., Huisman Equipment BV, Marton Geotechnical Services Ltd, Ormat Technologies Inc., PT Pertamina Persero, Quaise Energy Inc., Schlumberger Ltd., SIMCO Drilling Equipment Inc., STDS Jantz GmbH and Co., Versa Drill. Also, the global geothermal drilling for power generation 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 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 primary and secondary research. 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 accurate market growth. Show more