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Geothermal Energy Market Outlook 2026-2031: Growing at a CAGR of 10.42%, with Asia-Pacific Emerging as the Fastest-Growing Region, Says Mordor Intelligence

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HYDERABAD, India, June 17, 2026 /PRNewswire/ — A recent analysis from Mordor Intelligence indicates that the geothermal energy market is becoming an increasingly important renewable power source. The worldwide installed capacity for geothermal energy is expected to grow from 17.97 GW in 2026 to 29.5 GW by 2031, primarily due to the growing global need for clean power. The increasing need for consistent, continuous renewable electricity is stimulating financial commitments in geothermal initiatives, particularly in the Asia-Pacific region. Although flash steam power facilities still represent a substantial portion of the total capacity, innovations in Enhanced Geothermal Systems (EGS) are making…

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