Geothermal Energy Market Players:
- Reykjavik Geothermal
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Ormat Technologies Inc.
- Calpine
- Enel Green Power North America Inc.
- EthosEnergy
- GEG Power
- ElectraTherm
- First Gen Corporation
- Berkshire Hathaway Energy
- Turboden S.p.A.
Leading companies in the geothermal energy market are capitalizing on the growing demand for geothermal heat pumps and the increasing use of geothermal energy for power generation. Their strategies encompass forming strategic partnerships, expanding operations, and investing in innovative technologies. For instance, in June 2024, SLB announced a collaboration with Ormat Technologies, Inc. to develop and deliver integrated geothermal projects and reduce the risk associated with it. Such developments reflect a concerted effort by the key players to leverage geothermal energy’s potential.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of geothermal energy is evaluated at USD 9.87 billion.
The global geothermal energy market size was worth around USD 9.4 billion in 2025 and is set to register a CAGR of more than 5.5%, exceeding USD 16.06 billion revenue by 2035.
North America geothermal energy market will hold around 46% share by 2035, driven by favorable legislation and federal initiatives supporting geothermal energy.
Key players in the market include Ormat Technologies Inc., Calpine, Enel Green Power North America Inc., EthosEnergy, GEG Power, ElectraTherm, First Gen Corporation, Berkshire Hathaway Energy, Turboden S.p.A., Fuji Electric, Kyushu Electric Power Company, Toshiba International Corporation, Mitsubishi Heavy Industries, Sumitomo Corp..
