Cost volatility and depletion of fossil fuels, along with scrutiny into the emissions of fossil fuel burning power plants have driven demand for both cleaner sources of energy and cleaner results from generating that energy. Advances in geothermal technology have now positioned renewable geothermal energy systems as a clean and economically viable alternative. Geothermal electric generation systems are increasingly leveraged to supplement and substitute conventional fuel sources around the world. In 2008, about 61 billion kilowatts of electricity were generated from geothermal electric power plants. Geothermal electricity now accounts for 0.3% of the world’s electric consumption.

Compared to conventional natural gas or fuel oil heat and air heat pumps, geothermal heat pumps offer many advantages. They have low operating, maintenance, and life cycle costs and a longer life expectancy than most conventional systems. Geothermal heat pumps leverage a renewable resource and are environmentally friendly. The global installed base of geothermal heat pump systems increased by nearly 61% from 1.065 million units in 2004 to 1.712 million in 2008.

Geothermal Energy Markets: Technologies and Products Worldwide includes a broad review of the global geothermal power systems and geothermal heat pump markets. The report provides a discussion of the technology utilized in geothermal energy production and recent technology enhancements. Historical and forecast (2004-2013) demand for each product type in power systems and heat pumps is quantified and projections for growth in demand are provided, along with the key factors influencing this growth. The report also provides profiles of companies active in geothermal energy production and geothermal heat pumps.

Report Methodology

The information in Geothermal Energy Markets: Technologies and Products Worldwide is based on primary and secondary research. Primary research entailed in-depth interviews with firms involved in the exploration and development of geothermal sites, consultants to the industry, and manufacturers of geothermal heat pumps to obtain information on developing technologies and factors shaping the industry. Secondary research entailed data gathering from relevant sources, including government and industry publications, company literature, and corporate annual reports.

What You’ll Get in This Report

Geothermal Energy Markets: Technologies and Products Worldwide contains important insights and projections regarding the future of this market around the world. No other market research report provides both the comprehensive analysis and extensive data that Geothermal Energy Markets: Technologies and Products Worldwide offers. Subscribers will benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.

How You’ll Benefit from This Report

If your company is already doing business in the geothermal power or geothermal heat pump market, or is considering entering the marketplace, you will find this report invaluable, as it provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the current global market for geothermal power and geothermal heat pumps, as well as projected markets and trends through 2013.

This report will help:

• Marketing managers understand the market forces shaping the geothermal industry and identify market opportunities.
  
  
• Research and development professionals stay on top of competitor initiatives and explore demand for geothermal power and geothermal heat pumps.
  
  
• Business development executives understand the dynamics of the market and identify possible partnerships.
  
  
• Information and research center librarians provide market researchers, product managers, and other colleagues with the vital information they need to do their jobs more effectively.

Chapter 1: Executive Summary

Geothermal Energy Technologies

Geothermal Power Systems

Table 1-1: World Electricity Generated from Geothermal, 2008

Geothermal Power Systems Technologies

Dry Steam

Flash Steam

Binary Cycle

Flash -Binary Combined Cycle

Enhanced Geothermal Systems

Hot Dry Rock System

Hydrocarbon/Geothermal Co-Production

Geo-Pressure Systems

Geothermal Power Market Size

Figure 1-1: World Geothermal Electric Power Capacity, 2004-2008 (in megawatts)

Figure 1-2: World Geothermal Electric Power Capacity by Country, 2008 (in megawatts and percent)

Figure 1-3: World Geothermal Electric Power Generation, 2004-2008 (in millions of kilowatt hours)

Figure 1-4: World Geothermal Electric Power Generation by Country, 2008 (in millions of kilowatt hours and percent).

Geothermal Power Market Factors

Location and Accessibility of Resources

Technological Developments

Demand for Energy

Economic Factors

Table 1-2: U.S. Electricity Cost by Energy Source, 2008 (cost per kilowatt hours in cents)

Environmental Factors

Investment Climate

Government Policy and Incentives

Consumer Perceptions

Geothermal Energy Market Forecast

Figure 1-5: World Geothermal Electric Power Generation, 2009-2013 (in millions of kilowatt hours)

Figure 1-6: Value of Geothermal Electricity Generated, 2008-2013 (in millions of dollars)

Direct Use Geothermal Systems

Geothermal Heat Pumps

Geothermal Heat Pump Market Size

Figure 1-7: World Geothermal Heat Pump Installed Base, 2004-2008 ('000 units)

Figure 1-8: World Geothermal Heat Pump Installed Base by Country, 2008 (percent share)

Geothermal Heat Pump Market Factors

Environmental Factors

Cost Factors

Government Policy and Incentives

Geothermal Heat Pump Market Forecast

Figure 1-9: World Geothermal Heat Pump Installed Base, 2009-2013 ('000 units)

Report Scope

Report Format

Report Methodology

Abbreviations

Table 1-3: Abbreviations Utilized in Report

Chapter 2: Geothermal Energy Technologies

Overview

History of Geothermal Energy

Geothermal Technologies

Geothermal Power Systems

Table 2-1: World Electricity Generated from Geothermal, 2008

Hydrothermal Reservoirs

Dry Steam

Figure 2-1: Dry Steam Geothermal Plant

Flash Steam

Figure 2-2: Flash Steam Geothermal Power Plant

Figure 2-3: Double-Flash Steam Geothermal Power Plant

Binary Cycle

Figure 2-4: Binary Cycle Geothermal Plant

Flash-Binary Combined Cycle

Selection of Conversion Technology

Advanced Conversion Technologies

Enhanced Geothermal Systems

Supercritical Carbon Dioxide

Hot Dry Rock System

Hydrocarbon/Geothermal Co-Production

Geo-Pressure Systems

Direct Use Geothermal Systems

Figure 2-5: Direct Use Geothermal System

Geothermal Heat Pumps

Closed-Loop Horizontal

Figure 2-6: Closed-Loop Horizontal Geothermal Heat Pump System

Closed-Loop Vertical

Figure 2-7: Closed-Loop Vertical Geothermal Heat Pump System

Closed-Loop Pond/Lake

Figure 2-8: Closed-Loop Pond/Lake Geothermal Heat Pump System

Open-Loop System

Figure 2-9: Open-Loop Geothermal Heat Pump System

Direct Exchange Geothermal Heat Pumps

Advantages of Geothermal Heat Pump Systems

Traditional and Alternative Energy Technologies

Natural Gas

Fuel Conversion

Electricity Generation and Sustainability

Table 2-2: World Electricity Generated from Natural Gas, 2008

Table 2-3: World’s Proved Reserves of Natural Gas, 2008 (in trillions of cubic meters)

Environmental Impact

Coal

Fuel Conversion

Electricity Generation and Sustainability

Table 2-4: World Electricity Generated from Coal, 2008

Table 2-5: Top Five Producers of World Hard Coal, 2008 (in millions of tonnes)

Environmental Impact

Nuclear

Fuel Conversion

Electricity Generation and Sustainability

Table 2-6: World Electricity Generated from Nuclear, 2008

Environmental Impact

Hydroelectric

Electricity Generation and Sustainability

Table 2-7: World Electricity Generated from Hydroelectric, 2008

Environmental Impact

Wind

Electricity Generation and Sustainability

Table 2-8: World Electricity Generated from Wind, 2008

Environmental Impact

Solar

Electricity Generation and Sustainability

Table 2-9: World Electricity Generated from Solar, 2008

Environmental Impact

Advantages of Geothermal Energy

Reliable

Renewable

Clean

Domestic

Disadvantages of Geothermal Energy

Site Location and Exploration

Startup Cost

Solid Waste Generation and Corrosive Fluid Containment

Land Subsidence

Earthquake Induction

Chapter 3: Market Size and Growth

Overview

Geothermal Energy Market

Geothermal Power Market Size

Figure 3-1: World Geothermal Electric Power Capacity, 2004-2008 (in megawatts)

Figure 3-2: World Geothermal Electric Power Capacity by Country, 2008 (in megawatts and percent)

Figure 3-3: World Geothermal Electric Power Generation, 2004-2008 (in millions of kilowatt hours)

Figure 3-4: World Geothermal Electric Power Generation by Country, 2008 (in millions of kilowatt hours and percent).

United States

Figure 3-5: US Geothermal Electric Power Capacity, 2004-2008 (in megawatts)

Figure 3-6: US Geothermal Electric Power Generation, 2004-2008 (in millions of kilowatt hours)

Figure 3-7: US Geothermal Electric Power Capacity by State, 2008 (in megawatts and percent)

California

Other States

Table 3-1: World Geothermal Power Plants by Country, 2008

Philippines

Indonesia

Mexico

Italy

Japan

New Zealand

Iceland

Costa Rica

El Salvador

Geothermal Energy Market Factors

Location and Accessibility of Resources

Figure 3-8: Geothermal Natural Resources in the United States

Technological Developments

Table 3-2: U.S. Geothermal Energy Production Potential by State, 2008

Demand for Energy

Economic Factors

Table 3-3: U.S. Electricity Cost by Energy Source, 2008 (cost per kilowatt hours in cents)

Environmental Factors

Investment Climate

Government Policy and Incentives

Consumer Perceptions

Geothermal Power Market Forecast

Figure 3-9: World Geothermal Electric Power Generation, 2009-2013 (millions per kilowatt hours)

Figure 3-10: U.S. Geothermal Electric Power Generation, 2009-2013 (millions per kilowatt hours)

United States

Table 3-4: U.S. Geothermal Projects in Progress, by State, 2008

Figure 3-11: Value of Geothermal Electricity Generated, 2008-2013 (in millio