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Global geothermal market to hit $14.5bn by 2034 as investments rise

The global geothermal market is set to double within a decade, driven by technological advances, stronger regulatory support and growing international funding.

Global geothermal market to hit $14.5bn by 2034 as investments rise

SectorÉnergie Géothermique, EGS
ThemeInvestissements & Transactions, Investissement entreprise

The global geothermal market is projected to reach $14.5bn by 2034, up from $7.4bn in 2024, according to a report covering the 2025–2034 period. This annual growth rate of 7.0% is mainly based on expanded applications in industrial, residential and commercial sectors, as well as major technical innovations in resource exploration and exploitation.

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Énergie Géothermique