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Geothermal Electricity Plant Operation - Industry Market Research Report

  • July 2016
  • -
  • Ibisworld
  • -
  • 33 pages

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Full steam ahead: Environmental concerns and favorable legislation will boost industry demand



Abstract

Geothermal Electricity Plant Operation

Although the industry has experienced overall favorable conditions over the past five years, it has struggled somewhat since 2013. Decreased federal funding for renewable energy, coupled with insufficient transmission line capabilities and low natural gas prices, reduced new capacity additions. Over the next five years, the industry is poised to experience strong growth. As RPS deadlines approach, state utilities will increasingly demand higher quantities of renewable energy, stimulating demand for geothermal power producers. Moreover, ample untapped geothermal resources in the United States enable industry room to expand.

Establishments in this industry primarily operate geothermal-electricity (geo-electric) plants. These facilities use heat from the earth to produce electric energy. The electric energy produced in these plants is provided to electric power transmission or distribution systems.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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