Geothermal Energy Market Worth $9.4 Billion by 2027
The global Geothermal Energy Market is projected to reach USD 9.4 billion in 2027 from USD 7.0 billion in 2022 at a CAGR of 5.9% according to a new report by MarketsandMarkets™. Increasing use of geothermal energy for power generation, Favourable government policy, and increasing demand for ground source geothermal heat pumps due to the increase in heating costs are the major driving factor for the geothermal energy market.
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