This report provides a comprehensive analysis of the global geothermal energy market, which is projected to experience steady growth through 2030. Driven by increasing demand for renewable power, favorable government policies, and the rising adoption of ground source heat pumps, the market is heavily focused on power generation applications. While flash steam plants are expected to achieve the highest growth rate, technological advancements in binary and dry steam systems remain critical. Geographically, North America is positioned as a major player, supported by significant investments and innovative drilling developments.

Executive Overview

The global geothermal energy market is estimated to reach USD 13.56 billion by 2030, growing at a CAGR of 5.3% during the forecast period.

Market Drivers, Restraints, Opportunities, and Challenges

Drivers

• Renewable Power Generation: Increasing need for sustainable power sources.
• Ground Source Heat Pump (GHP) Adoption: Increasing implementation of GHP technologies.
• Government Support: Favorable government policies and initiatives.
• Climate Action: Global focus on addressing the climate crisis and reducing greenhouse gas emissions.
• Power Generation Utility: The utilization of geothermal energy for large-scale power generation.

Restraints

• Competition from Alternatives: High growth of solar, wind, gas, and other alternative renewable energy sources.
• Exploration Hurdles: Lack of exploration and drilling techniques required to identify and develop undiscovered geothermal resources.
• High Upfront Costs: Expensive geothermal well drilling leading to significant initial project expenditures.

Opportunities

• Technological Advancements: Emergence of advanced technologies.
• Resource Potential: Geothermal potential for low- and medium-temperature resources.
• Mineral Extraction: Potential for mineral extraction using geothermal energy.

Challenges

• Regulatory Processes: Multiple environmental reviews and assessments associated with geothermal projects.
• Workforce Shortages: Absence of geothermal professionals, consultants, and businesses.

Market Segmentation

By Technology

• Binary Cycle Plants
• Flash Steam Plants: This segment is projected to register the highest CAGR during the forecast period. Flash steam plants vary in size including:
• Single-flash: 0.2-80 MW
• Double-flash: 2-110 MW
• Triple-flash: 60-150 MW
• Note: Flash steam plants produce approximately 27 kg/MWh of CO2 emissions, whereas binary power plants produce zero CO2 emissions.
• Dry Steam Plants: The developed technology of dry steam plants is expected to drive the overall market.
• Ground Source Heat Pumps
• Direct Systems
• Others

By Application

• Power Generation: Expected to be the largest application during the forecast period due to increasing demand for sustainable energy across all sectors. Geothermal energy is preferred over other renewable forms such as wind, solar, and hydropower for this application.
• Residential Heating and Cooling
• Commercial Heating and Cooling
• Others

By Temperature

• Low Temperature
• Medium Temperature
• High Temperature

Regional Analysis

North America

North America is anticipated to be the second-largest geothermal energy market during the forecast period. Market growth in this region is driven by:

• Technological advancements in geologically favorable regions.
• Strong emphasis by countries on utilizing geothermal resources for electricity generation and other applications.
• Rising investments in new geothermal projects.
• Innovation, strategic focus, and increased funding.

Global Distribution

The report also provides coverage across other key regions including Europe, Asia Pacific, the Middle East & Africa, and South America.

Competitive Landscape

Key Vendors

The market is dominated by several major players with wide geographical presence. Key players include:

• Ormat (US)
• MITSUBISHI HEAVY INDUSTRIES LTD. (Japan)
• GE Vernova (US)
• Ansaldo Energia (Italy)
• Fuji Electric Co., Ltd. (Japan)
• Toshiba Energy Systems & Solutions Corporation (Japan)
• Siemens AG (Germany)
• EXERGY INTERNATIONAL SRL (Italy)
• SLB (US)
• Halliburton (US)
• NOV (US)
• Weatherford (US)
• Welltec (Denmark)
• MANNVIT (Iceland)
• NIBE Group (Sweden)

Competitive Assessment & Developments

The study includes in-depth analysis of company profiles, recent developments, and key market strategies. Notable developments include:

• Product Development/Innovation: Rapid advancements in Enhanced Geothermal Systems (EGS), closed-loop, and supercritical geothermal technologies. Examples include European projects like EnBW’s CASCADE (pioneering lithium extraction from geothermal brines) and oil & gas sector innovations such as repurposing hydrocarbon wells and advanced cooling drilling techniques.
• Market Development: Mitsubishi Heavy Industries Ltd. (Japan), via its Mitsubishi Power division, secured a contract in October 2024 to retrofit the Darajat Geothermal Power Plant in Indonesia with a new steam turbine, increasing output from 121 to 129 MW.
• Market Diversification: Ormat Technologies completed the acquisition of the 20 MW Blue Mountain geothermal power plant in Nevada from Cyrq Energy for USD 88 million in June 2025. This plant operates under a power purchase agreement with NV Energy expiring at the end of 2029.

Research Methodology

Breakdown of Primaries

In-depth interviews were conducted with industry participants, subject-matter experts, C-level executives, and industry consultants to verify qualitative and quantitative information.

• By Company Type:
• Tier 1: 11% (> USD 1 billion revenue as of 2024)
• Tier 2: 85% (USD 500 million to USD 1 billion revenue as of 2024)
• Tier 3: 24% (< USD 500 million revenue as of 2024)
• By Designation:
• C-Level: 30%
• Managers: 25%
• Others: 45%
• By Region:
• North America: 33%
• Europe: 27%
• Asia Pacific: 20%
• Middle East & Africa: 12%
• South America: 18%

• 1 INTRODUCTION 23

  • 1.1 STUDY OBJECTIVES 23

  • 1.2 MARKET DEFINITION 23

  • 1.3 MARKET SCOPE 24

    • 1.3.1 GEOTHERMAL ENERGY MARKET: SEGMENTATION 24

  • 1.4 INCLUSIONS & EXCLUSIONS 25

    • 1.4.1 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY:

    • 1.4.2 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE:

    • 1.4.3 GEOTHERMAL ENERGY MARKET, BY APPLICATION:

  • 1.5 YEARS CONSIDERED 26

  • 1.6 UNIT CONSIDERED 26

  • 1.7 CURRENCY CONSIDERED 27

  • 1.8 SUMMARY OF CHANGES 27

  • 1.9 LIMITATIONS 27

  • 1.10 STAKEHOLDERS 28

• 2 RESEARCH METHODOLOGY 29

  • 2.1 RESEARCH DATA 29

  • 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 30

    • 2.2.1 SECONDARY DATA 31

      • 2.2.1.1 Key data from secondary sources 31

    • 2.2.2 PRIMARY DATA 31

      • 2.2.2.1 Key data from primary sources 32
      • 2.2.2.2 Breakdown of primaries 33

  • 2.3 SCOPE 33

  • 2.4 MARKET SIZE ESTIMATION 35

    • 2.4.1 DEMAND-SIDE ANALYSIS 35

      • 2.4.1.1 Calculation 35
      • 2.4.1.2 Assumptions 36

    • 2.4.2 SUPPLY-SIDE ANALYSIS 36

    • 2.4.3 FORECAST 38

• 3 EXECUTIVE SUMMARY 39

• 4 PREMIUM INSIGHTS 43

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR GEOTHERMAL ENERGY MARKET PLAYERS 43

  • 4.2 GEOTHERMAL ENERGY MARKET, BY REGION 44

  • 4.3 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY 44

  • 4.4 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE 45

  • 4.5 GEOTHERMAL ENERGY MARKET, BY APPLICATION 45

• 5 MARKET OVERVIEW 46

  • 5.1 INTRODUCTION 46

  • 5.2 MARKET DYNAMICS 46

    • 5.2.1 DRIVERS 47

      • 5.2.1.1 Surging demand for ground source/geothermal heat pumps 47
      • 5.2.1.2 Government policies and initiatives 48
      • 5.2.1.3 Use of geothermal energy for power generation 48

    • 5.2.2 RESTRAINTS 49

      • 5.2.2.1 Growing use of solar, wind, gas, and other alternative renewable energy sources 49
      • 5.2.2.2 Limited exploration and drilling techniques to identify and develop undiscovered geothermal resources 50
      • 5.2.2.3 Expensive geothermal well drilling, leading to high upfront

    • 5.2.3 OPPORTUNITIES 52

      • 5.2.3.1 Co-production and conversion of oil & gas wells for geothermal energy 52
      • 5.2.3.2 Geothermal potential for low- and medium-temperature resources 53
      • 5.2.3.3 Decarbonization and energy security 53

    • 5.2.4 CHALLENGES 54

      • 5.2.4.1 Resource uncertainty and exploration risk 54
      • 5.2.4.2 Absence of geothermal professionals, consultants, and businesses 54

  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 55

    • 5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR GEOTHERMAL ENERGY SYSTEM PROVIDERS 55

  • 5.4 ECOSYSTEM ANALYSIS 56

  • 5.5 SUPPLY CHAIN ANALYSIS 58

    • 5.5.1 SUPPLY CHAIN ANALYSIS OF GEOTHERMAL COMBINED HEAT AND POWER GENERATION 59

      • 5.5.1.1 Exploration & feasibility 59
      • 5.5.1.2 Development 60
      • 5.5.1.3 Drilling 60
      • 5.5.1.4 Front-end engineering and design (FEED) 60
      • 5.5.1.5 Manufacturing 60
      • 5.5.1.6 Construction/Engineering, procurement, and construction (EPC) 60
      • 5.5.1.7 Operations and maintenance 60

    • 5.5.2 SUPPLY CHAIN ANALYSIS OF GEOTHERMAL ENERGY MARKET FOR GROUND SOURCE/GEOTHERMAL HEAT PUMPS 61

      • 5.5.2.1 Raw material suppliers 61
      • 5.5.2.2 Original equipment manufacturers (OEMs) 61
      • 5.5.2.3 Distributors 61
      • 5.5.2.4 End users 61

  • 5.6 KEY CONFERENCES & EVENTS, 2025-2026 62

  • 5.7 REGULATORY LANDSCAPE 63

    • 5.7.1 CODES, POLICIES, AND REGULATIONS RELATED TO GEOTHERMAL ENERGY SYSTEMS 63

    • 5.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69

  • 5.8 PATENT ANALYSIS 73

  • 5.9 PORTER’S FIVE FORCES ANALYSIS 75

    • 5.9.1 THREAT OF SUBSTITUTES 76

    • 5.9.2 BARGAINING POWER OF SUPPLIERS 76

    • 5.9.3 BARGAINING POWER OF BUYERS 76

    • 5.9.4 THREAT OF NEW ENTRANTS 76

    • 5.9.5 INTENSITY OF COMPETITIVE RIVALRY 77

  • 5.10 CASE STUDY ANALYSIS 77

    • 5.10.1 NEED FOR PRECISE RESERVOIR MANAGEMENT 77

      • 5.10.1.1 Problem statement 77
      • 5.10.1.2 Solution 77

    • 5.10.2 ELDERLY ACCOMMODATION CENTER IN MEUNG SUR LOIRE, FRANCE, USES GEOTHERMAL ENERGY FOR HEATING AND COOLING 77

      • 5.10.2.1 Problem statement 77
      • 5.10.2.2 Solution 77

    • 5.10.3 FEASIBILITY OF GEOTHERMAL POWER IN NEW MARKETS AND CONTRIBUTION TO LOCAL DECARBONIZATION 78

      • 5.10.3.1 Problem statement 78
      • 5.10.3.2 Solution 78

  • 5.11 GEOTHERMAL RESOURCES 78

    • 5.11.1 GEOTHERMAL HEAT-PUMP RESOURCES 78

    • 5.11.2 HYDROTHERMAL RESOURCES 78

    • 5.11.3 UNCONVENTIONAL RESOURCES (ENHANCED GEOTHERMAL SYSTEMS) 79

  • 5.12 TECHNOLOGY ANALYSIS 79

    • 5.12.1 ENHANCED GEOTHERMAL RESOURCES 79

    • 5.12.2 ADVANCED GEOTHERMAL RESOURCES 79

    • 5.12.3 CLOSED-LOOP GEOTHERMAL ENERGY 80

    • 5.12.4 DISPATCHABLE GEOTHERMAL PLANTS 80

    • 5.12.5 UNDERGROUND THERMAL ENERGY STORAGE 80

  • 5.13 TRADE ANALYSIS 80

    • 5.13.1 EXPORT SCENARIO 80

    • 5.13.2 IMPORT SCENARIO 82

  • 5.14 KEY STAKEHOLDERS & BUYING CRITERIA 83

    • 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 83

    • 5.14.2 BUYING CRITERIA 83

  • 5.15 AVERAGE CAPITAL EXPENDITURE PRICING ANALYSIS, BY REGION 84

  • 5.16 IMPACT OF GEN AI/AI ON GEOTHERMAL ENERGY MARKET 85

    • 5.16.1 ADOPTION OF GEN AI/AI IN GEOTHERMAL ENERGY MARKET 85

    • 5.16.2 IMPACT OF GEN AI/AI, BY APPLICATION 86

    • 5.16.3 IMPACT OF GEN AI/AI ON GEOTHERMAL ENERGY MARKET, BY REGION 86

  • 5.17 GLOBAL MACROECONOMIC OUTLOOK 87

    • 5.17.1 INTRODUCTION 87

    • 5.17.2 GDP TRENDS AND FORECAST 87

    • 5.17.3 IMPACT OF INFLATION ON GEOTHERMAL ENERGY MARKET 88

  • 5.18 IMPACT OF 2025 US TARIFF - OVERVIEW 88

    • 5.18.1 INTRODUCTION 88

    • 5.18.2 KEY TARIFF RATES 89

    • 5.18.3 IMPACT ON REGION 90

      • 5.18.3.1 North America 90
      • 5.18.3.2 Europe 90
      • 5.18.3.3 Asia Pacific 90
      • 5.18.3.4 ROW 91

• 6 GEOTHERMAL ENERGY MARKET, BY APPLICATION 92

  • 6.1 INTRODUCTION 93

  • 6.2 POWER GENERATION 94

    • 6.2.1 SURGING DEMAND FOR SUSTAINABLE ENERGY TO DRIVE MARKET 94

  • 6.3 RESIDENTIAL HEATING & COOLING 95

    • 6.3.1 HIGH ENERGY COST TO PROMPT RESIDENTIAL SECTOR TO ADOPT GEOTHERMAL ENERGY 95

  • 6.4 COMMERCIAL HEATING & COOLING 96

    • 6.4.1 ADOPTION OF GEOTHERMAL ENERGY BY SMALL BUSINESSES

  • 6.5 OTHERS 97

• 7 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY 99

  • 7.1 INTRODUCTION 100

  • 7.2 BINARY CYCLE PLANTS 101

    • 7.2.1 ABILITY TO UTILIZE MEDIUM TEMPERATURE RESERVOIRS TO DRIVE MARKET 101

  • 7.3 DRY STEAM PLANTS 102

    • 7.3.1 HIGH-TEMPERATURE & VOLCANICALLY ACTIVE RESERVOIRS

  • 7.4 FLASH STEAM PLANTS 103

    • 7.4.1 MATURE & EFFICIENT TECHNOLOGY OF FLASH STEAM PLANTS TO SUPPORT MARKET GROWTH 103

  • 7.5 GROUND SOURCE HEAT PUMPS 104

    • 7.5.1 LOW OPERATIONAL COST AND HIGH EFFICIENCY TO PROPEL ADOPTION 104

  • 7.6 DIRECT SYSTEMS 105

    • 7.6.1 SIMPLICITY AND EFFICIENCY OF DIRECT-USE SYSTEMS TO FUEL DEMAND 105

  • 7.7 OTHER TECHNOLOGIES 106

• 8 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE 108

  • 8.1 INTRODUCTION 109

  • 8.2 LOW TEMPERATURE (LESS THAN 90°C) 110

    • 8.2.1 LOW-TEMPERATURE GEOTHERMAL RESOURCES USED FOR DIRECT APPLICATIONS 110

  • 8.3 MEDIUM TEMPERATURE (90-150°C) 111

    • 8.3.1 MEDIUM-TEMPERATURE FIELDS INCREASINGLY USED FOR ELECTRICITY GENERATION 111

  • 8.4 HIGH TEMPERATURE (ABOVE 150°C) 112

    • 8.4.1 HIGH-TEMPERATURE GEOTHERMAL ENERGY FOUND IN VOLCANIC AND SEISMICALLY ACTIVE REGIONS 112

• 9 GEOTHERMAL ENERGY MARKET, BY REGION 113

  • 9.1 INTRODUCTION 114

  • 9.2 ASIA PACIFIC 116

    • 9.2.1 CHINA 120

      • 9.2.1.1 Plans to increase installed geothermal power capacity to propel market 120

    • 9.2.2 JAPAN 121

      • 9.2.2.1 Widespread use of geothermal energy to boost market 121

    • 9.2.3 INDONESIA 122

      • 9.2.3.1 Supportive government policies to encourage market growth 122

    • 9.2.4 PHILIPPINES 123

      • 9.2.4.1 Favorable geological conditions and high opportunities for investment in geothermal energy to drive market 123

    • 9.2.5 NEW ZEALAND 125

      • 9.2.5.1 Investments in geothermal projects to push market 125

    • 9.2.6 REST OF ASIA PACIFIC 126

  • 9.3 NORTH AMERICA 127

    • 9.3.1 US 130

      • 9.3.1.1 Increasing demand for geothermal heat pumps to favor market 130

    • 9.3.2 CANADA 132

      • 9.3.2.1 Favorable government policy framework to fuel market growth 132

    • 9.3.3 MEXICO 133

      • 9.3.3.1 Initiation of multiple geothermal projects to augment market growth 133

  • 9.4 EUROPE 134

    • 9.4.1 TURKEY 138

      • 9.4.1.1 Geothermal Development Project to provide opportunities for market growth 138

    • 9.4.2 GERMANY 139

      • 9.4.2.1 Target of 155additional geothermal projects to accelerate market growth 139

    • 9.4.3 ITALY 140

      • 9.4.3.1 Increasing demand for geothermal heat pumps to drive market 140

    • 9.4.4 ICELAND 141

      • 9.4.4.1 Abundance of geothermal resources to support market growth 141

    • 9.4.5 REST OF EUROPE 142

  • 9.5 SOUTH AMERICA 143

    • 9.5.1 CHILE 146

      • 9.5.1.1 Investments in new geothermal projects to foster market growth 146

    • 9.5.2 COLOMBIA 147

      • 9.5.2.1 Changes in geothermal energy-related regulations to offer opportunities for market growth 147

  • 9.6 MIDDLE EAST & AFRICA 149

    • 9.6.1 KENYA 152

      • 9.6.1.1 Favorable government policies to drive market growth 152

    • 9.6.2 SAUDI ARABIA 153

      • 9.6.2.1 Supportive government policies and increasing investments in renewables to drive market 153

    • 9.6.3 REST OF MIDDLE EAST & AFRICA 154

• 10 COMPETITIVE LANDSCAPE 156

  • 10.1 STRATEGIES ADOPTED BY KEY PLAYERS 156

  • 10.2 MARKET SHARE ANALYSIS OF TOP PLAYERS 158

  • 10.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS 162

  • 10.4 COMPANY VALUATION AND FINANCIAL METRICS 163

    • 10.4.1 COMPANY VALUATION 163

  • 10.5 BRAND/PRODUCT COMPARISON 164

  • 10.6 COMPANY EVALUATION QUADRANT 165

    • 10.6.1 STARS 165

    • 10.6.2 PERVASIVE PLAYERS 165

    • 10.6.3 EMERGING LEADERS 165

    • 10.6.4 PARTICIPANTS 165

    • 10.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 167

      • 10.6.5.1 Company footprint 167

  • 10.7 GEOTHERMAL ENERGY MARKET: COMPANY FOOTPRINT 168

    • 10.7.1 COMPANY FOOTPRINT, BY PLAYER’S ROLE IN SUPPLY CHAIN 168

    • 10.7.2 APPLICATION FOOTPRINT 169

    • 10.7.3 REGION FOOTPRINT 170

  • 10.8 STARTUP/SME EVALUATION QUADRANT 171

    • 10.8.1 PROGRESSIVE COMPANIES 171

    • 10.8.2 RESPONSIVE COMPANIES 171

    • 10.8.3 DYNAMIC COMPANIES 171

    • 10.8.4 STARTING BLOCKS 171

    • 10.8.5 GEOTHERMAL ENERGY MARKET: COMPETITIVE BENCHMARKING 173

      • 10.8.5.1 Competitive benchmarking of key startups/SMEs 174

  • 10.9 COMPETITIVE SCENARIOS AND TRENDS 175

    • 10.9.1 PRODUCT LAUNCHES 175

    • 10.9.2 DEALS 177

    • 10.9.3 EXPANSIONS 186

    • 10.9.4 OTHER DEVELOPMENTS 188

• 11 COMPANY PROFILES 194

  • 11.1 POWER PLANT EQUIPMENT PROVIDERS 194

    • 11.1.1 ORMAT 194

      • 11.1.1.1 Business overview 194
      • 11.1.1.2 Products offered 195
      • 11.1.1.3 Recent developments 196
        • 11.1.1.3.1 Product launches 196
        • 11.1.1.3.2 Deals 197
        • 11.1.1.3.3 Expansions 199
        • 11.1.1.3.4 Other developments 200
      • 11.1.1.4 MnM view 202
        • 11.1.1.4.1 Key strengths 202
        • 11.1.1.4.2 Strategic choices 203
        • 11.1.1.4.3 Weaknesses/Competitive threats 203

    • 11.1.2 MITSUBISHI HEAVY INDUSTRIES, LTD 204

      • 11.1.2.1 Business overview 204
      • 11.1.2.2 Products offered 205
      • 11.1.2.3 Recent developments 207
        • 11.1.2.3.1 Deals 207
        • 11.1.2.3.2 Expansions 207
        • 11.1.2.3.3 Other developments 208
      • 11.1.2.4 MnM view 209
        • 11.1.2.4.1 Key strengths 209
        • 11.1.2.4.2 Strategic choices 209
        • 11.1.2.4.3 Weaknesses/Competitive threats 209

    • 11.1.3 GE VERNOVA 210

      • 11.1.3.1 Business overview 210
      • 11.1.3.2 Products offered 211

    • 11.1.4 ANSALDO ENERGIA 212

      • 11.1.4.1 Business overview 212
      • 11.1.4.2 Products offered 212
      • 11.1.4.3 Recent developments 213
        • 11.1.4.3.1 Expansions 213

    • 11.1.5 FUJI ELECTRIC 214

      • 11.1.5.1 Business overview 214
      • 11.1.5.2 Products offered 215
      • 11.1.5.3 Recent developments 216
        • 11.1.5.3.1 Other developments 216

    • 11.1.6 TOSHIBA AMERICA ENERGY SYSTEMS CORPORATION 217

      • 11.1.6.1 Business overview 217
      • 11.1.6.2 Products offered 217
      • 11.1.6.3 Recent developments 218
        • 11.1.6.3.1 Deals 218
        • 11.1.6.3.2 Other developments 218

    • 11.1.7 SIEMENS AG 220

      • 11.1.7.1 Business overview 220
      • 11.1.7.2 Products offered 221
      • 11.1.7.3 Recent developments 222
        • 11.1.7.3.1 Expansions 222
        • 11.1.7.3.2 Deals 222

    • 11.1.8 POWER PLANT EQUIPMENT PROVIDERS: OTHER PLAYERS 224

      • 11.1.8.1 EXERGY INTERNATIONAL SRL 224
      • 11.1.8.2 Altarock Energy 225

  • 11.2 SUB-SURFACE EQUIPMENT AND SERVICE PROVIDERS 226

    • 11.2.1 BAKER HUGHES COMPANY 226

      • 11.2.1.1 Business overview 226
      • 11.2.1.2 Products offered 227
      • 11.2.1.3 Recent developments 229
        • 11.2.1.3.1 Product launches 229
        • 11.2.1.3.2 Deals 229
      • 11.2.1.4 MnM view 231
        • 11.2.1.4.1 Key strengths 231
        • 11.2.1.4.2 Strategic choices 231
        • 11.2.1.4.3 Weaknesses/Competitive threats 232

    • 11.2.2 SLB 233

      • 11.2.2.1 Business overview 233
      • 11.2.2.2 Products offered 234
      • 11.2.2.3 Recent developments 237
        • 11.2.2.3.1 Product launches 237
        • 11.2.2.3.2 Deals 238
        • 11.2.2.3.3 Expansions 240
        • 11.2.2.3.4 Other developments 241
      • 11.2.2.4 MnM view 241
        • 11.2.2.4.1 Key strengths 241
        • 11.2.2.4.2 Strategic choices 241
        • 11.2.2.4.3 Weaknesses/Competitive threats 241

    • 11.2.3 HALLIBURTON 242

      • 11.2.3.1 Business overview 242
      • 11.2.3.2 Products offered 243
      • 11.2.3.3 Recent developments 247
        • 11.2.3.3.1 Product launches 247
        • 11.2.3.3.2 Deals 248
        • 11.2.3.3.3 Other developments 249

    • 11.2.4 NOV 250

      • 11.2.4.1 Business overview 250
      • 11.2.4.2 Products offered 251
      • 11.2.4.3 Recent developments 252
        • 11.2.4.3.1 Product launches 252
        • 11.2.4.3.2 Other developments 253

    • 11.2.5 WEATHERFORD 254

      • 11.2.5.1 Business overview 254
      • 11.2.5.2 Products offered 255
      • 11.2.5.3 Recent developments 256
        • 11.2.5.3.1 Product launches 256
        • 11.2.5.3.2 Deals 256
        • 11.2.5.3.3 Other developments 257

    • 11.2.6 WELLTEC 258

      • 11.2.6.1 Business overview 258
      • 11.2.6.2 Products offered 258
      • 11.2.6.3 Recent developments 260
        • 11.2.6.3.1 Deals 260
        • 11.2.6.3.2 Other developments 260

    • 11.2.7 SUB-SURFACE EQUIPMENT AND SERVICE PROVIDERS: OTHER PLAYERS 261

      • 11.2.7.1 MANNVIT 261

  • 11.3 GEOTHERMAL/GROUND SOURCE HEAT PUMP MANUFACTURERS AND SERVICE PROVIDERS 262

    • 11.3.1 NIBE GROUP 262

      • 11.3.1.1 Business overview 262
      • 11.3.1.2 Products offered 263
      • 11.3.1.3 MnM view 264
        • 11.3.1.3.1 Key strengths 264
        • 11.3.1.3.2 Strategic choices 264
        • 11.3.1.3.3 Weaknesses/Competitive threats 264

    • 11.3.2 CARRIER GLOBAL CORPORATION 265

      • 11.3.2.1 Business overview 265
      • 11.3.2.2 Products offered 266
      • 11.3.2.3 Recent developments 268
        • 11.3.2.3.1 Deals 268

    • 11.3.3 GEOTHERMAL/GROUND SOURCE HEAT PUMP MANUFACTURERS AND SERVICE PROVIDERS: OTHER PLAYERS 269

      • 11.3.3.1 DANFOSS 269

    • 11.3.4 TRANE TECHNOLOGIES 270

    • 11.3.5 BOSCH THERMOTECHNIK GMBH 271

    • 11.3.6 VIESSMANN GROUP 272

    • 11.3.7 DANDELION ENERGY 272

• 12 APPENDIX 273

  • 12.1 INSIGHTS FROM INDUSTRY EXPERTS 273

  • 12.2 DISCUSSION GUIDE 274

  • 12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 281

  • 12.4 CUSTOMIZATION OPTIONS 283

  • 12.5 RELATED REPORTS 283

  • 12.6 AUTHOR DETAILS 284