Geothermal Energy Market Size Expected to Grow 94 Billion by 2027 MarketsandMarkets

Chicago, April 03, 2023 (GLOBE NEWSWIRE) — The global Geothermal Energy Market is expected to grow from USD 7.0 billion in 2022 to USD 9.4 billion in 2027, at a CAGR of 5.9% according to a new report by MarketsandMarkets™. Growing demand for electricity generation through sustainable means in industries and increasing demand for ground source geothermal heat pumps due to the increase in heating costs are some of the key factors accelerating the growth of the geothermal energy market. The effective utilization of renewable energy can create a sustainable energy future globally. Therefore, if renewable sources such as geothermal…