According to our latest research, the global geothermal energy market size reached USD 7.2 billion in 2024, reflecting a robust trajectory powered by the growing demand for sustainable and renewable energy sources worldwide. The market is expected to expand at a CAGR of 6.8% from 2025 to 2033, projecting a value of approximately USD 13.3 billion by 2033. This growth is primarily driven by increasing investments in clean energy infrastructure, rising government initiatives to curb carbon emissions, and technological advancements enhancing the efficiency and viability of geothermal power projects.
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