The United States, in 2023, held a leading share of 26.76% in global geothermal capacity, maintaining dominance. The Philippines and Indonesia followed with significant shares of 14.36% and 11.83% respectively. Countries such as New Zealand, Italy, and Mexico showed moderate contributions between 6-8%, while Turkey, Kenya, Iceland, and Japan held less than 6% each. There was stability in market share positions year-on-year, with minor fluctuations not exceeding 2%. The five-year CAGR indicates gradual increases in capacity but no dramatic shifts in share proportions.
Future trends to watch include potential expansions in Indonesia and Kenya, driven by increased investments in renewable energy infrastructure. Moreover, technological innovations and governmental policies in emerging economies could alter the global landscape, augmenting their geothermic footprints.
Top countries in Top Countries' Share of Global Geothermal Capacity
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 26.76 | 2016 | |
| 2 | 2 Philippines | 14.36 | 2016 | |
| 3 | 3 Indonesia | 11.83 | 2016 | |
| 4 | 4 New Zealand | 7.23 | 2016 | |
| 5 | 5 Italy | 6.81 | 2016 | |
| 6 | 6 Mexico | 6.75 | 2016 | |
| 7 | 7 Turkey | 5.77 | 2016 | |
| 8 | 8 Kenya | 5.03 | 2016 | |
| 9 | 9 Iceland | 4.95 | 2016 | |
| 10 | 10 Japan | 4.05 | 2016 |
