Global Geothermal Power Market is Expected to Grow at 11.6% CAGR
The global geothermal power market was estimated at $3,233.5 million in 2015, and it is expected to grow at a CAGR of 11.6% during 2016 – 2022. The factors driving the growth of the global market include increased government support for geothermal power projects and stringent environment regulations, high capacity factor, and increasing need for energy independence and geopolitical energy security. Asia-Pacific dominated the global geothermal power market in 2015, and it is anticipated to retain its dominance during the forecast period. The geothermal power market in Asia-Pacific is expected to grow, due to high energy demands in the region …