According to Cognitive Market Research, the global geothermal turbines market size is USD 68154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.90% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 27261.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 20446.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 15675.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 3407.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1363.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
The binary cycle held the highest geothermal turbines market revenue share in 2024.
