Geothermal Energy Market Size Worth USD 95.82 Billion, Globally, by 2029
The global geothermal energy market size was valued at USD 59.4 billion in 2021 and reached a valuation of USD 62.65 billion in 2022. The market is expected to reach USD 95.82 billion by 2029 with a CAGR of 6.3% during the forecast period. Various uses of this energy, such as heating, cooling, and electricity, are expected to propel the market growth. Technological advancements in this type of energy have led to capturing of the energy in higher volumes. The increasing need for clean energy resources globally is propelling the growth of the market. Fortune Business Insights™ shares this information in its report titled “Geothermal Energy Market, 2022-2029.”
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