Market Size of Netherlands Geothermal Energy Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 7.70 Petajoule (PJ) |
| Market Volume (2029) | 33 Petajoule (PJ) |
| CAGR (2024 - 2029) | 33.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Netherlands Geothermal Energy Market Analysis
The Netherlands Geothermal Energy Market size in terms of installed base is expected to grow from 7.70 Petajoule (PJ) in 2024 to 33 Petajoule (PJ) by 2029, at a CAGR of 33.80% during the forecast period (2024-2029).
- Over the medium term, factors such as supportive government policies, growing demand for heating and cooling systems are expected to drive the market during the forecast period.
- On the other hand, the adoption of alternative renewable energy such as wind and solar is expected to hinder the market's growth in the coming years.
- Nevertheless, since geothermal energy remains unexplored to a great extent, there is immense potential for the market's growth. The increasing demand for reducing greenhouse gas emissions is expected to serve as a significant area of opportunity for the geothermal energy market's growth.
