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Markets across the globe are looking at ways to increase their geothermal energy portfolio. Presently, United States is the largest producer of geothermal energy, followed closely by Philippines and Indonesia. The European region is slowly recognizing the potential of geothermal energy and has already begun exploration. Geothermal energy is known for its reliability making it an attractive energy source. Unlike solar and wind energy, geothermal energy does not depend heavily on external factors.
The increasing need for renewable energy from a consistent source continues to be the key driver for this market. However the lack of awareness about the benefits of geothermal energy could be a challenge for market growth.
TechNavio’s “Global Geothermal Energy Market 2010-2014” report has been prepared based on an in-depth study of the market along with inputs from various experts. The report contains market and vendor landscape supported by drivers, restraints and trends.
The report covers the progress and the growth prospects of the Global Geothermal Energy Market. The report also profiles leaders in the geothermal energy market.
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