Global Geothermal Power Infrastructure Expansion

forecasted growth

The global geothermal power infrastructure and components market is forecasted to grow significantly from 2026 to 2035, driven by utility-scale project acceleration. The market includes specialized infrastructure and components for geothermal energy extraction and conversion, such as turbines, heat exchangers, binary cycle units, wellhead equipment, piping systems, control systems, and pumps and valves. Key growth regions include the Pacific Ring of Fire, East Africa Rift, and select European basins, with major capacity additions in Indonesia, Kenya, and the US. The market is also expanding in direct heating, district heating, industrial process heat, greenhouse heating, aquaculture, and spa applications.