Geothermal Energy Market Share | Global Industry Outlook by 2027 researchcmfe.com

The Global Geothermal Energy Market was valued at US$ 2,951.7 Mn in 2020, and is expected to reach US$ 5,711.1 Mn by 2027, expanding at a CAGR of 8.7% during the forecast period. (2020-2027). The majority of natural heat obtained from the earth’s crust is currently being used for heating and other purposes, geothermal-based electricity generation is gaining the required momentum.