Geothermal Energy Market Size

Geothermal Energy market size was over USD 7.83 billion in 2024 and is poised to exceed USD 15.9 billion by 2037, witnessing over 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of geothermal energy is estimated at USD 8.18 billion.

Furthermore, geothermal energy is not only seen as a source of clean power but also as a cost-efficient, loads of energy generating source of energy, just what every country needs to think of for sustainable development and to plan accordingly for the near future.

Additionally, each country is trying to build or find a method that is more advanced and more eco-friendly and the one that allows the lower-temperature geothermal resources utilization According to the Economist Intelligence Unit, there has been an increase of about 71% in the online search of sustainable goods, globally.