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Australia Geothermal Energy Market - Industry Analysis, Trends, Growth, Future Outlook to 2022

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Australia Geothermal Energy Market 

The market, which is estimated to be USD XX billion in 2016, is expected to grow to USD XX billion by 2021, at a CAGR of XX percent.
Geothermal energy is obtained by tapping underground heat reservoirs, which are basically near volcanoes, geysers and other hotspots on the surface of the earth. If properly managed, the geothermal reservoirs can produce clean energy indefinitely through the steam that is generated and delivered to a turbine, which powers a generator for power generation.
Geothermal energy comes in either vapor-dominated or liquid-dominated form. Vapor-dominated form offers temperatures ranging from 240 to 300 degree Celsius and produces superheated steam, which helps in the generation of electricity. Lower temperature sources produce temperatures of 30 – 150 degree Celsius and are used without conversion to electricity, as district heating, greenhouses, fisheries, mineral recovery, industrial process heating and bathing. Heat pumps extract energy from shallow sources at 10 – 20 degree Celsius in many countries for use in space heating and cooling. Home heating is the fastest-growing means of utilizing geothermal energy, which has a higher growth.
Australia government is encouraging companies that are willing to do business with new policies in place. However, there are a multiple market entry strategies that may help the process. The companies that have previously been successful are maintaining their local presence with strategic, local joint venture programs. 

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