According to the research report titled ‘Latin America Geothermal Energy Market Forecast 2027 By Technology, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report LLC, Latin America geothermal energy market is slated to register notable returns over the forecast period 2017-2027.
As per the report findings, increasing adoption of clean sources of energy, and rising demand for advanced renewable energy technologies among various end-use verticals are propelling Latin America geothermal energy market growth.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4037695/?utm_source=Marketwatch.com&utm_medium=AN
Moreover, growing environmental concerns which are driving governments to impose strict emissions regulations and launch favorable policies for use of renewable sources is also propelling overall industry remuneration.
For the uninitiated, geothermal energy is converted to electricity using the steam produced by hot water reservoirs situated a few miles below the ground. This steam spins the turbines attached to generators of geothermal plants, thus producing enough electricity to sustain a city. Geothermal energy is mainly used for electricity generation, heating systems for buildings, and for bathing.
Based on technology type, Latin America geothermal energy market is split into binary, double flash, single flash, triple flash, back pressure, and dry variants. Among these, double flash segment is poised to garner remarkable growth over the forecast period, owing to higher efficiency and capacity to produce power. The technology has a low emission rate, and high flexibility, while also incurring lower running costs.
On the regional front, Guatemala market is touted to grow at a healthy rate over the assessment period. This can be attributed to growing demand for energy sources that minimize carbon footprint of fossil fuel-based power plants, increasing government efforts to promote sustainable power resources, heavy investment inflow, and rising R&D activities throughout the region.
Prominent players in Latin America geothermal energy industry sphere include Halliburton Co., Calpine Corp., Enel Green Power S.p.A., Exergy International S.r.l., Terra Gen LLC, Ormat Technologies Inc., Fuji Electric Corp., Toshiba Energy Systems & Solutions Corp., and General Electric Co.
Questions and Answers:
Q1: What are the key factors impelling Latin America geothermal energy market growth?
A1: Increasing adoption of clean sources of energy, strict emissions regulations, launch of favorable policies by governments, and rising demand for advanced renewable energy technologies among end-use verticals are propelling Latin America geothermal energy market growth.
Q2: How is Guatemala emerging as a lucrative investment avenue in Latin America geothermal energy market?
A2: Growing demand for energy sources that minimize the carbon footprint of fossil fuel-based power plants, increasing government efforts to promote sustainable power resources, rising R&D activities, and heavy investment inflow are enabling Guatemala to emerge as a lucrative investment avenue in the industry.
Q3: Which players maintain a strong foothold in Latin America geothermal energy market?
A3: Prominent players in the industry include Halliburton Co., Calpine Corp., Enel Green Power S.p.A., Exergy International S.r.l, Terra Gen LLC, Ormat Technologies Inc., Fuji Electric Corp., Toshiba Energy Systems & Solutions Corp., and General Electric Co.
Market Study Report. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report. is the platform that can help you in achieving any of these objectives.
Market Study Report
Toll Free: 1-866-764-2150