2009-04-08 17:22:49 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report analysing geothermal energy markets.

The report “Geothermal Energy Markets: Technologies and Products Worldwide”, available at www.reportbuyer.com/go/SBI00049 reports that the global installed base of geothermal heat pump systems increased by nearly 61%, from 1.065 million units in 2004, to 1.712 million in 2008.

The 233 page report shows that cost volatility and depletion of fossil fuels, along with scrutiny into the emissions of fossil fuel burning power plants, have driven demand for both cleaner sources of energy and cleaner results from generating that energy.

Furthermore advances in geothermal technology have now positioned renewable geothermal energy systems as a clean and economically viable alternative. Geothermal electric generation systems are increasingly leveraged to supplement and substitute conventional fuel sources around the world. In 2008, about 61 billion kilowatts

of electricity were generated from geothermal electric power plants. Geothermal electricity now accounts for 0.3% of the world’s electric consumption.

Authors of the report highlight that compared to conventional natural gas or fuel oil heat and air heat pumps, geothermal heat pumps offer many advantages. They have low operating, maintenance, and life cycle costs and a longer life expectancy than most conventional systems. Geothermal heat pumps leverage a renewable resource and are environmentally friendly.

The report provides a discussion of the technology utilised in geothermal energy production and recent technology enhancements. Historical and forecast (2004-2013) demand for each product type in power systems and heat pumps is quantified and projections for growth in demand are provided, along with the key factors influencing this growth.

The report “Geothermal Energy Markets: Technologies and Products Worldwide” is available from Report Buyer at:
www.reportbuyer.com/energy_utilities/alternative_energy/geotherm ..

Report Buyer product ID: SBI00049

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