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2025 U.S. Industry Statistics & Market Forecast - Geothermal Electric Power Generation
Market Size & Industry Statistics
The total U.S. industry market size for Geothermal Electric Power Generation:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Geothermal Electric Power Generation industry include:- Increasing government support through subsidies and incentives
- Growing emphasis on renewable energy sources for reducing carbon footprints
- Technological advancements in geothermal drilling and efficiency
- Expansion of geothermal applications into district heating and direct use
- Ethical and environmental concerns relating to land use and water usage
- Rising competition from other renewable energies like solar and wind
- Growing public-private partnerships for geothermal development
- Stringent environmental regulations
- Increased investment in research and development
- Enhanced geothermal systems (EGS) gaining traction
- Global shift towards sustainable development goals
- Increasing energy demands in developing regions
- Challenges in resource exploration and capital costs
Product & Services Breakdown
Research products and services in the Geothermal Electric Power Generation industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Electricity - Generation |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Geothermal Electric Power Generation company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Geothermal Electric Power Generation industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Geothermal Electric Power Generation measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
|
| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
|
| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
|
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Top Executives | 5% | |||
| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 7% | |||
| Business Operations Specialists | 6% | |||
| Logisticians and Project Management Specialists | 6% | |||
| Project Management Specialists | 5% | |||
| Architecture and Engineering Occupations | 9% | |||
| Engineers | 6% | |||
| Electrical and Electronics Engineers | 8% | |||
| Electrical Engineers | 8% | |||
| Nuclear Engineers | 10% | |||
| Nuclear Engineers | 10% | |||
| Life, Physical, and Social Science Occupations | 12% | |||
| Life, Physical, and Social Science Technicians | 10% | |||
| Nuclear Technicians | 9% | |||
| Nuclear Technicians | 9% | |||
| Protective Service Occupations | 11% | |||
| Other Protective Service Workers | 9% | |||
| Security Guards and Gambling Surveillance Officers | 9% | |||
| Security Guards | 9% | |||
| Sales and Related Occupations | 6% | |||
| Office and Administrative Support Occupations | 7% | |||
| Construction and Extraction Occupations | 27% | |||
| Construction Trades Workers | 23% | |||
| Electricians | 6% | |||
| Electricians | 6% | |||
| Solar Photovoltaic Installers | 15% | |||
| Solar Photovoltaic Installers | 15% | |||
| Installation, Maintenance, and Repair Occupations | 29% | |||
| Electrical and Electronic Equipment Mechanics, Installers, and Repairers | 6% | |||
| Miscellaneous Electrical and Electronic Equipment Mechanics, Installers, and Repairers | 6% | |||
| Electrical and Electronics Repairers, Powerhouse, Substation, and Relay | 6% | |||
| Other Installation, Maintenance, and Repair Occupations | 20% | |||
| Industrial Machinery Installation, Repair, and Maintenance Workers | 7% | |||
| Industrial Machinery Mechanics | 7% | |||
| Line Installers and Repairers | 9% | |||
| Electrical Power-Line Installers and Repairers | 8% | |||
| Wind Turbine Service Technicians | 41% | |||
| Wind Turbine Service Technicians | 41% | |||
| Production Occupations | 34% | |||
| Supervisors of Production Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| Plant and System Operators | 30% | |||
| Power Plant Operators, Distributors, and Dispatchers | 27% | |||
| Nuclear Power Reactor Operators | 12% | |||
| Power Plant Operators | 25% | |||
Geothermal Electric Power Generation Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Geothermal Electric Power Generation industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Geothermal Electric Power Generation industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Geothermal Electric Power Generation industry. |
Source:
Latest Industry News
- Tanzania to spend Sh1.48tr on geothermal power by 2030 - The electricity produced will also contribute to continental efforts to connect over 300 million Africans still lacking access to electricity. (07/08/2025)
- Pertamina boosts Indonesia’s geothermal capacity - Indonesia’s state-owned Pertamina Geothermal Energy (PGE) has successfully achieved a key milestone in the operationalisation of the 55-megawatt Lumut Balai Unit 2 geothermal power plant in the republic. (07/08/2025)
- India eyes geothermal power with first commercial-scale project in Rajasthan - Government sources told CNBC-TV18 that IIT Madras will conduct a two-year feasibility study at three idle oil wells at a cost of ?18.93 crore. Around 450 kW of energy is being considered by retrofitting unproductive oil and gas wells into geothermal wells at the Raageswari gas field in Barmer, (07/08/2025)
- Kenyans to enjoy lower electricity tariffs as 2 geothermal plants near completion - Kenyans are set to benefit from reduced electricity tariffs as two geothermal power plants near completion, adding 105 MW to the country's national grid. (07/08/2025)
- FERC: Solar + wind made up 96% of new US power generating capacity in first third of 2025 - Solar and wind accounted for almost 96% of new US electrical generating capacity added in the first third of 2025, according to FERC data. (07/07/2025)
- Strong geothermal potential discovered in northern Singapore - A joint project which saw two boreholes drilled in northern Singapore has revealed subsurface temperatures reaching up to 122°C at a depth of 1.76 km in Sembawang, significantly higher than earlier findings recorded in Admiralty, (07/07/2025)
- Should B.C. look more to wind power for electricity generation? - FortisBC says it is taking the next steps in addressing the looming electricity shortage in the Southern Interior. (07/05/2025)
- Could data centres and military demand pave the way for geothermal power? - Rapid rise in energy demand from Silicon Valley players and US military offer ways to commercialise geothermal projects - if costs can be cut and finance secured (07/03/2025)
- US renewables are producing nearly as much electricity as natural gas - Renewable energy sources generated nearly one-third of total U.S. electrical generation in April, with solar providing over 10% of total national output, (06/26/2025)
- Meta signs deal for advanced geothermal power in New Mexico - Meta signed an agreement with XGS Energy to help develop 150 megawatts of advanced geothermal electricity in New Mexico to power the Facebook parent company's artificial intelligence expansion, the companies said on Thursday. (06/13/2025)
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