{
  "title": "Geothermal Energy Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2031)",
  "slug": "geothermal-energy-market",
  "industry": "Renewable Energy (Solar & Wind)",
  "parent_industry": "Energy & Power",
  "url": "https://www.mordorintelligence.com/industry-reports/geothermal-energy-market",
  "scraped_at": "2026-09-17T17:49:51+07:00",
  "dataset_properties": [
    {
      "@type": "PropertyValue",
      "name": "Market Volume (2026)",
      "value": 17.97,
      "unitText": "gigawatt"
    },
    {
      "@type": "PropertyValue",
      "name": "Market Volume (2031)",
      "value": 29.5,
      "unitText": "gigawatt"
    },
    {
      "@type": "PropertyValue",
      "name": "Growth Rate (2026 - 2031)",
      "value": 10.42,
      "unitText": "PERCENT"
    },
    {
      "@type": "PropertyValue",
      "name": "Fastest Growing Market",
      "value": "Asia Pacific"
    },
    {
      "@type": "PropertyValue",
      "name": "Largest Market",
      "value": "Asia Pacific"
    },
    {
      "@type": "PropertyValue",
      "name": "Market Concentration",
      "value": "Low"
    }
  ],
  "faq": [
    {
      "@type": "Question",
      "name": "How large is the geothermal energy market in 2026?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "The geothermal energy installed capacity in 17.97 GW in 2026 and is forecast to grow to 29.50 GW by 2031."
      }
    },
    {
      "@type": "Question",
      "name": "What makes Enhanced Geothermal Systems attractive to investors?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "EGS projects apply shale-style drilling to create artificial reservoirs, demonstrating costs near USD 4.2 million per MW and 18.80% forecast CAGR through 2031."
      }
    },
    {
      "@type": "Question",
      "name": "Which application segment in geothermal industry shows the highest growth outlook?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "District heating and cooling is advancing at a 14.5% CAGR to 2031 as European cities decarbonize legacy heat networks."
      }
    },
    {
      "@type": "Question",
      "name": "How are oil companies participating in geothermal development?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Firms such as Chevron and Baker Hughes retrofit idle wells for closed-loop systems, cutting capital costs by about 40% versus greenfield drilling."
      }
    },
    {
      "@type": "Question",
      "name": "What policy tools are driving new geothermal projects?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Feed-in tariffs, drilling-risk insurance, and accelerated permitting especially in Indonesia, Turkey, Kenya, and the European Union are converting exploration acreage into bankable projects."
      }
    },
    {
      "@type": "Question",
      "name": "Why does geothermal still face cost pressure from solar and wind?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Solar and onshore wind LCOE fell below USD 40 per MWh in 2025, versus geothermal at USD 68 per MWh, forcing developers to monetize geothermal's 24/7 reliability and ancillary services."
      }
    }
  ],
  "images": [
    "images/geothermal-energy-market-size-image-1781170218243.png",
    "images/geothermal-energy-market-1752494352226-major-players.png",
    "images/geothermal-energy-market-Geothermal-Energy-Market-Market-Share-by-Plant-Type-2025-1775563714163.png",
    "images/geothermal-energy-market-Geothermal-Energy-Market-Market-Share-by-Application-2025-1775563621880.png",
    "images/geothermal-energy-market-Geothermal-Energy-Market-CAGR--Growth-Rate-by-Region-2026---2031-1775563732086.png",
    "images/geothermal-energy-market-competitive-landscape-1775563765669.png",
    "images/market-snapshot.png",
    "images/pdf3.png",
    "images/Esomar-25.png",
    "images/GPTW-25-3xl.png",
    "images/geothermal-energy-market-size-image-1781170218243.png"
  ],
  "sections_count": 11
}