Geothermal energy markets technologies and products worldwide

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Geothermal energy markets technologies and products worldwide

  1. 1. Get more info on this report!Geothermal Energy Markets: Technologies and Products WorldwideApril 1, 2009Introduction Cost volatility and depletion of fossil fuels, along with scrutiny into theemissions of fossil fuel burning power plants have driven demand for both cleanersources of energy and cleaner results from generating that energy. Advances ingeothermal technology have now positioned renewable geothermal energy systems asa clean and economically viable alternative. Geothermal electric generation systems areincreasingly leveraged to supplement and substitute conventional fuel sources aroundthe world. In 2008, about 61 billion kilowatts of electricity were generated fromgeothermal electric power plants. Geothermal electricity now accounts for 0.3% of theworld’s electric consumption.Compared to conventional natural gas or fuel oil heat and air heat pumps, geothermalheat pumps offer many advantages. They have low operating, maintenance, and lifecycle costs and a longer life expectancy than most conventional systems. Geothermalheat pumps leverage a renewable resource and are environmentally friendly. The globalinstalled base of geothermal heat pump systems increased by nearly 61% from 1.065million units in 2004 to 1.712 million in 2008.Geothermal Energy Markets: Technologies and Products Worldwide includes abroad review of the global geothermal power systems and geothermal heat pumpmarkets. The report provides a discussion of the technology utilized in geothermalenergy production and recent technology enhancements. Historical and forecast (2004-2013) demand for each product type in power systems and heat pumps is quantifiedand projections for growth in demand are provided, along with the key factorsinfluencing this growth. The report also provides profiles of companies active ingeothermal energy production and geothermal heat pumps.Report MethodologyThe information in Geothermal Energy Markets: Technologies and ProductsWorldwide is based on primary and secondary research. Primary research entailed in-depth interviews with firms involved in the exploration and development of geothermalsites, consultants to the industry, and manufacturers of geothermal heat pumps toobtain information on developing technologies and factors shaping the industry.Secondary research entailed data gathering from relevant sources, includinggovernment and industry publications, company literature, and corporate annual
  2. 2. reports.What You’ll Get in This ReportGeothermal Energy Markets: Technologies and Products Worldwide containsimportant insights and projections regarding the future of this market around the world.No other market research report provides both the comprehensive analysis andextensive data that Geothermal Energy Markets: Technologies and ProductsWorldwide offers. Subscribers will benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.How You’ll Benefit from This ReportIf your company is already doing business in the geothermal power or geothermal heatpump market, or is considering entering the marketplace, you will find this reportinvaluable, as it provides a comprehensive package of information and insight notoffered in any other single source. You will gain a thorough understanding of the currentglobal market for geothermal power and geothermal heat pumps, as well as projectedmarkets and trends through 2013.This report will help: Marketing managers understand the market forces shaping the geothermal industry and identify market opportunities. Research and development professionals stay on top of competitor initiatives and explore demand for geothermal power and geothermal heat pumps. Business development executives understand the dynamics of the market and identify possible partnerships. Information and research center librarians provide market researchers, product managers, and other colleagues with the vital information they need to do their jobs more effectively.Additional InformationMarket Insights: A Selection From The ReportGeothermal energy production is an emerging industry. Technology development inrecent years has focused on: Increasing the range of feasible locations for geothermal energy systems,
  3. 3. Improving the efficiency and effectiveness of geothermal heat extraction and conversion, Improving the cost structure of geothermal energy solutions, and Improving subsurface technologies such as exploration, drilling, and resource management.Demand for EnergyDemand for electrical energy is expanding not only due to global population growth butalso due to significant increases in per capita consumption of electricity in manycountries aroundthe world as they transition into developed economies. Global electric demandcontinues to grow at about 1% per year overall. At the same time, most conventionalpower plants dependon depleting fossil fuels, limiting their ability to power growing energy demands in thelong run. Renewable energy sources such as wind, solar, and geothermal are expectedto play anincreasingly important role in meeting current and future global energy demands.Economic FactorsMost renewable energy generation technologies are as yet unable to compete favorablyagainst the significantly more mature conventional fuel conversion technologies.Consequently, only a small portion of the world’s energy demand is currently met bythese emerging power generation technologies.Compared to other clean and renewable technologies like solar, geothermal powerproduction is currently much more economical. Geothermal is also less expensive thanclean, yet nonrenewable,nuclear energy. Although initial investment costs are high, they are offset by thesignificant reduction in ongoing fuel and transportation costs over the life of the plant.As geothermal technologies mature and enable further cost reductions, and the costs ofdepleting conventional fuels continue to escalate over the next 10 to 50 years,geothermalpower is expected to meet and exceed the cost benchmarks of conventional powersystems.TABLE OF CONTENTSChapter 1: Executive SummaryGeothermal Energy Technologies Geothermal Power Systems Table 1-1: World Electricity Generated from Geothermal, 2008 Geothermal Power Systems Technologies Dry Steam
  4. 4. Flash SteamBinary CycleFlash -Binary Combined CycleEnhanced Geothermal SystemsHot Dry Rock SystemHydrocarbon/Geothermal Co-ProductionGeo-Pressure SystemsGeothermal Power Market SizeFigure 1-1: World Geothermal Electric Power Capacity, 2004-2008 (inmegawatts)Figure 1-2: World Geothermal Electric Power Capacity by Country, 2008 (inmegawatts and percent)Figure 1-3: World Geothermal Electric Power Generation, 2004-2008 (in millionsof kilowatt hours)Figure 1-4: World Geothermal Electric Power Generation by Country, 2008 (inmillions of kilowatt hours and percent).Geothermal Power Market FactorsLocation and Accessibility of ResourcesTechnological DevelopmentsDemand for EnergyEconomic FactorsTable 1-2: U.S. Electricity Cost by Energy Source, 2008 (cost per kilowatt hoursin cents)Environmental FactorsInvestment ClimateGovernment Policy and IncentivesConsumer PerceptionsGeothermal Energy Market ForecastFigure 1-5: World Geothermal Electric Power Generation, 2009-2013 (in millionsof kilowatt hours)Figure 1-6: Value of Geothermal Electricity Generated, 2008-2013 (in millions ofdollars)Direct Use Geothermal SystemsGeothermal Heat PumpsGeothermal Heat Pump Market SizeFigure 1-7: World Geothermal Heat Pump Installed Base, 2004-2008 (000 units)Figure 1-8: World Geothermal Heat Pump Installed Base by Country, 2008(percent share)Geothermal Heat Pump Market FactorsEnvironmental FactorsCost FactorsGovernment Policy and IncentivesGeothermal Heat Pump Market ForecastFigure 1-9: World Geothermal Heat Pump Installed Base, 2009-2013 (000 units)Report ScopeReport Format
  5. 5. Report Methodology Abbreviations Table 1-3: Abbreviations Utilized in ReportChapter 2: Geothermal Energy Technologies Overview History of Geothermal Energy Geothermal Technologies Geothermal Power Systems Table 2-1: World Electricity Generated from Geothermal, 2008 Hydrothermal Reservoirs Dry Steam Figure 2-1: Dry Steam Geothermal Plant Flash Steam Figure 2-2: Flash Steam Geothermal Power Plant Figure 2-3: Double-Flash Steam Geothermal Power Plant Binary Cycle Figure 2-4: Binary Cycle Geothermal Plant Flash-Binary Combined Cycle Selection of Conversion Technology Advanced Conversion Technologies Enhanced Geothermal Systems Supercritical Carbon Dioxide Hot Dry Rock System Hydrocarbon/Geothermal Co-Production Geo-Pressure Systems Direct Use Geothermal Systems Figure 2-5: Direct Use Geothermal System Geothermal Heat Pumps Closed-Loop Horizontal Figure 2-6: Closed-Loop Horizontal Geothermal Heat Pump System Closed-Loop Vertical Figure 2-7: Closed-Loop Vertical Geothermal Heat Pump System Closed-Loop Pond/Lake Figure 2-8: Closed-Loop Pond/Lake Geothermal Heat Pump System Open-Loop System Figure 2-9: Open-Loop Geothermal Heat Pump System Direct Exchange Geothermal Heat Pumps Advantages of Geothermal Heat Pump Systems Traditional and Alternative Energy Technologies Natural Gas Fuel Conversion Electricity Generation and Sustainability Table 2-2: World Electricity Generated from Natural Gas, 2008 Table 2-3: World’s Proved Reserves of Natural Gas, 2008 (in trillions of cubic meters) Environmental Impact
  6. 6. Coal Fuel Conversion Electricity Generation and Sustainability Table 2-4: World Electricity Generated from Coal, 2008 Table 2-5: Top Five Producers of World Hard Coal, 2008 (in millions of tonnes) Environmental Impact Nuclear Fuel Conversion Electricity Generation and Sustainability Table 2-6: World Electricity Generated from Nuclear, 2008 Environmental Impact Hydroelectric Electricity Generation and Sustainability Table 2-7: World Electricity Generated from Hydroelectric, 2008 Environmental Impact Wind Electricity Generation and Sustainability Table 2-8: World Electricity Generated from Wind, 2008 Environmental Impact Solar Electricity Generation and Sustainability Table 2-9: World Electricity Generated from Solar, 2008 Environmental Impact Advantages of Geothermal Energy Reliable Renewable Clean Domestic Disadvantages of Geothermal Energy Site Location and Exploration Startup Cost Solid Waste Generation and Corrosive Fluid Containment Land Subsidence Earthquake InductionChapter 3: Market Size and Growth OverviewGeothermal Energy Market Geothermal Power Market Size Figure 3-1: World Geothermal Electric Power Capacity, 2004-2008 (in megawatts) Figure 3-2: World Geothermal Electric Power Capacity by Country, 2008 (in megawatts and percent) Figure 3-3: World Geothermal Electric Power Generation, 2004-2008 (in millions of kilowatt hours) Figure 3-4: World Geothermal Electric Power Generation by Country, 2008 (in millions of kilowatt hours and percent).
  7. 7. United States Figure 3-5: US Geothermal Electric Power Capacity, 2004-2008 (in megawatts) Figure 3-6: US Geothermal Electric Power Generation, 2004-2008 (in millions of kilowatt hours) Figure 3-7: US Geothermal Electric Power Capacity by State, 2008 (in megawatts and percent) California Other States Table 3-1: World Geothermal Power Plants by Country, 2008 Philippines Indonesia Mexico Italy Japan New Zealand Iceland Costa Rica El Salvador Geothermal Energy Market Factors Location and Accessibility of Resources Figure 3-8: Geothermal Natural Resources in the United States Technological Developments Table 3-2: U.S. Geothermal Energy Production Potential by State, 2008 Demand for Energy Economic Factors Table 3-3: U.S. Electricity Cost by Energy Source, 2008 (cost per kilowatt hours in cents) Environmental Factors Investment Climate Government Policy and Incentives Consumer Perceptions Geothermal Power Market Forecast Figure 3-9: World Geothermal Electric Power Generation, 2009-2013 (millions per kilowatt hours) Figure 3-10: U.S. Geothermal Electric Power Generation, 2009-2013 (millions per kilowatt hours) United States Table 3-4: U.S. Geothermal Projects in Progress, by State, 2008 Figure 3-11: Value of Geothermal Electricity Generated, 2008-2013 (in millions of dollars) Philippines Indonesia Japan New Zealand Costa RicaGeothermal Heat Pumps
  8. 8. Geothermal Heat Pump Market Size Figure 3-12: World Geothermal Heat Pump Installed Base, 2004-2008 (000 units) Figure 3-13: World Geothermal Heat Pump Installed Base by Country, 2008 (percent share) Figure 3-14: U.S. Geothermal Heat Pump Shipments, 2004-2008 (000 units) Figure 3-15: U.S. Geothermal Heat Pump Installed Base, 2004-2008 (000 units) Figure 3-16: U.S. GHP Shipments Total Rated Capacity, 2004-2008 (000 tons) Geothermal Heat Pump Market Factors Environmental Factors Cost Factors Government Policy and Incentives Geothermal Heat Pump Market Forecast Figure 3-17: World Geothermal Heat Pump Installed Base, 2009-2013 (000 units) Figure 3-18: U.S. Geothermal Heat Pump Installed Base, 2009-2013 (000 units) Table 3-5: Projected U.S. Sales of Geothermal Heat Pumps, 2009-2013 (in millions of dollars) Figure 3-19: Global Installed Value of Geothermal Heat Pumps, 2008-2013 (in millions of dollars) Geothermal Energy Equipment Manufacturers Table 3-6: World Geothermal Equipment Manufacturers, 2008Chapter 4: Market TrendsGeothermal Power Systems Market Forces Macroeconomic Conditions Table 4-1: World Output Growth, 2007-2010 (percent year over year) Investment Climate Cost Factors Table 4-2: Electric Power Plant Costs, by Fuel Type, 2008 (in dollars/kilowatt of plant capacity) Table 4-3: Levelized Electricity Costs, by Fuel Type, 2008 (¢/kilowatt hours) Environmental Trends Table 4-4: Average Electric Power Plant Emission Rates by Fuel Source, 2008 (in pounds/megawatt hours)* Government Mandated Emissions Standards Energy Security Economic Benefits Government Incentives Government Mandated Renewable Energy Targets Table 4-5: Renewable Portfolio Standards for Selected Countries, 2008 (percent) United States Table 4-6: US Renewable Portfolio Standards by State, 2008 (percent) Philippines Indonesia Australia European Union Renewable Energy Directive
  9. 9. Table 4-7: Contribution of Renewables to EU Electricity Consumption, 2005-2020 (in terrawatt hours) Geothermal Power Demand Electricity Demand Figure 4-1 World Electricity Generation, 2005-2015 (in trillions of kilowatt hours) Figure 4-2 World Electricity Generation, by Fuel Type, 2005-2015 (in trillions of kilowatt hours) Geothermal Power Supply Figure 4-3 World Geothermal Electric Power Generation Volume and Value, 2008-2013 (in millions of kilowatt hours and millions of dollars) Figure 4-4 U.S. Geothermal Electric Power Generation Volume and Value, 2008- 2013 (in millions of kilowatt hours and millions of dollars) Geothermal Heat Pumps Market Forces Macroeconomic Conditions Table 4-8: Value of U.S. Construction by Segment, 2007 to 2008 (in billions of dollars) Figure 4-5 U.S. Building Permits and GHP Shipments, 2004-2008 (relative change) Cost Factors Environmental Trends Energy Security Figure 4-6 Energy Consumption of GHPs (relative consumption) Economic Benefits Government Incentives United States Canada Geothermal Heat Pump Demand Figure 4-7: World GHP Installed Base Volume and Value, 2008-2013 (in millions of dollars and ‘000 units) Figure 4-8: U.S. GHP Installed Base Volume and Value, 2008-2013 (in millions of dollars and ‘000 units)Chapter 5: Product and Industry Trends Overview Market Factors Technology Development Enhanced Geothermal Systems Hydrocarbon Co-Production Modular Power Plant Design Patent Activity Technology Awards Industry Activity Recent Investment Government Initiatives United States Indonesia Philippines
  10. 10. Japan Australia Africa Hungary PortugalChapter 6: Competitive Profiles Overview Company ProfilesCalpine Corporate Background Product and Brand Portfolio Table 6-1: Calpine Energy Generation Portfolio (capacity in megawatts) Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesChevron Corporation Corporate Background Product and Brand Portfolio Table 6-2: Chevron’s Market and Segment Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesClimateMaster Corporate Background Product and Brand Portfolio Table 6-3: ClimateMaster’s Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesDavenport Power, LLC Corporate Background Product and Brand Portfolio Table 6-4: Davenport Power, LLC Geothermal Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesECONAR GeoSystems, LLC Corporate Background
  11. 11. Product and Brand Portfolio Table 6-5: ECONAR’s Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesEnel North America Incorporated Corporate Background Product and Brand Portfolio Table 6-6: Enel North America, Inc. Portfolio for Geothermal Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesFlorida Heat Pump Corporate Background Product and Brand Portfolio Table 6-7: FHP’s Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesFuji Electric Systems Company Limited Corporate Background Product and Brand Portfolio Table 6-8: Fuji’s Product and Brand Portfolio Performance Table 6-9: Fuji’s Global Supply of Thermal and Geothermal Power Plants Acquisitions and Divestitures Innovation Outlook Personnel ChangesGeothermal Development Associates Corporate Background Product and Brand Portfolio Table 6-10: Geothermal Development Associates Portfolio for Geothermal Consulting Services Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesMidAmerican Energy Holdings
  12. 12. Corporate Background Product and Brand Portfolio Table 6-11: MidAmerican Portfolio for Energy and Subsidiaries Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesMitsubishi Heavy Industries Limited Corporate Background Product and Brand Portfolio Table 6-12: Mitsubishi’s Geothermal Product and Brand Portfolio Performance Company News Acquisitions and Divestitures Innovation Outlook Personnel ChangesNevada Geothermal Power Incorporated Corporate Background Product and Brand Portfolio Table 6-13: Nevada Geothermal Power Inc.s Portfolio for Geothermal Energy Performance Figure 6-1: Nevada Geothermal Power Inc. Project Locations Acquisitions and Divestitures Innovation Outlook Personnel ChangesNorthern California Power Agency Corporate Background Product and Brand Portfolio Table 6-14: Northern California Power Agency’s Energy Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesNuovo Pignone Corporate Background Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesOrmat Technologies Incorporated
  13. 13. Corporate Background Product and Brand Portfolio Table 6-15: Ormat’s Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesSierra Geothermal Power Corporation Corporate Background Product and Brand Portfolio Table 6-16: Sierra Geothermal Power Corporation’s Energy Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesTerra-Gen Power Corporate Background Product and Brand Portfolio Table 6-17: Terra-Gen Power’s Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesWaterFurnace International, Incorporated Corporate Background Product and Brand Portfolio Table 6-18: WaterFurnace’s Product and Brand Portfolio Performance Acquisitions and Divestitures Innovation Outlook Personnel ChangesAppendix: Glossary of TerminologyAvailable immediately for Online Download athttp://www.marketresearch.com/product/display.asp?productid=1926752
  14. 14. US: 800.298.5699UK +44.207.256.3920Intl: +1.240.747.3093Fax: 240.747.3004

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