IMIR data predicts remarkable growth for geothermal electric power generation
The geothermal electric power generation market is predicted to experience significant growth in the next decade, according to Intellectual Market Insights Research (IMIR). As per the report, the market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 5.9 percent, surpassing $16,293.14 million by 2032. Investments in new technologies are underway to enhance the accessibility of geothermal energy for electricity generation and other heating purposes. However, geothermal energy extraction is primarily feasible in regions with easy access to highly heated water sources.
