India Geothermal Power Equipment Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.
India Geothermal Power Equipment Market Drivers and Restrains:
India geothermal power equipment market is expected to witness fastest growth due to increasing importance for sustainable energy sources. The growing of industrial sector, significant rise in population, and increase in infrastructure development activities are increasing the demand for electricity. India has reasonably good potential for geothermal, the potential geothermal zone can produce 10,600 MW of power. India’s Gujarat state is drafting a policy to promote geothermal energy. More recently developed binary power plant technologies enables more of the heat from the resource to be utilized for power generation. A combination of conventional flash and binary cycle technology is becoming increasingly popular.
Major state are tending toward the development of renewable energy generation sources, due to the presence of strict government rules about greenhouse gas (GHG) emissions. The dependence on coal and other fossil fuels is reducing owing to rise in investments in renewable energy sources like solar, wind, biomass, and geothermal. Therefore, rise in the demand for power around the India have increase the installation of geothermal power plants, thereby propelling the geothermal power equipment market. However, the high initial investment required for the establishment of a geothermal power plant is hampering the market growth at the India level. Drilling and exploration for deep resources is very expensive. Forecasts for the future of geothermal power depend on assumptions about technology, energy prices, subsidies, and interest rates. The technology programmer is open to public and private sectors to carry out projects in India. Industry lead R&D proposals are invited from stakeholders, for solving problems in Indian conditions.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
India Geothermal Power Equipment Market Segmentation Analysis:
Based on the plant, the India geothermal power equipment market is segmented into Dry Steam Plants, Flash Steam Plants, and Binary Cycle Power Plants. The Flash Steam Plant is expected to grow at the largest CAGR of XX% during the forecast period. Currently, Flash steam plants are the most common type of geothermal power generation plants in operation. The steam, once it has been separated from the water, is piped to the powerhouse where it is used to drive the steam turbine
A report covers the recent development in market for the India geothermal power equipment market e.g., Thermax, a capital goods manufacturer based in Pune, has make an agreement with Icelandic firm Reykjavík Geothermal. Thermax is planning to intall a 3 MW pilot project in Puga Valley, Ladakh (Jammu & Kashmir). Reykjavík Geothermal will assist Thermax in exploration and drilling of the site.
India Geothermal Power Equipment Market Competitive landscape
Major Key players operating in this market are Thermax, General Electric, Toshiba Corporation, Fuji Electric Co., Ltd., and Ormat Technologies Inc. Manufacturers in the India geothermal power equipment are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.
The objective of the report is to present a comprehensive analysis of India Geothermal Power Equipment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding India Geothermal Power Equipment Market dynamics, structure by analyzing the market segments and project the India Geothermal Power Equipment Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the India Geothermal Power Equipment Market make the report investor’s guide.
Scope of the India Geothermal Power Equipment Market:
India Geothermal Power Equipment Market, by Plant:
• Dry Steam Plants
• Flash Steam Plants
• Binary Cycle Power Plants
India Geothermal Power Equipment Market, by Product:
India Geothermal Power Equipment Market, Major Players:
• General Electric
• Toshiba Corporation
• Fuji Electric Co., Ltd.
• Ormat Technologies Inc.
• Boreal Geothermal
• Loki Geothermal
• Turboden S.p.A
• Chevron Corporation
• TAS Energy Inc.
• Ansaldo Energia S.p.A.
• TAS Energy Inc
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