Global Geothermal Power Market to Hit $10.8 Billion by 2034
The Geothermal Power Market is poised for steady expansion, with its value expected to grow from USD 6.6 billion in 2024 to approximately USD 10.8 billion by 2034. This growth reflects a healthy CAGR of around 5%. North America’s geothermal market is also expected to rise from USD 2.77 billion in 2023 to USD 3.69 billion by 2031, registering a 3.6% CAGR. Key market enablers include the adoption of Enhanced Geothermal Systems (EGS), government investment, and increasing reliance on renewable base-load energy sources. To Get Free Sample Report: https://www.datamintelligence.com/download-sample/geothermal-power-market Growth Drivers and Opportunities 1. Enhanced Geothermal Systems (EGS) Adoption EGS is transforming the geothermal landscape by enabling access to geothermal energy beyond traditional hotspots. By engineering fractures in hot dry rock, EGS unlocks power in areas previously unsuitable for geothermal development. This technology could lower geothermal energy costs by up to 80%...