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New York, September 14, 2021/PRNewswire/ - Technavio's latest product "Power Generation Geothermal Drilling Market" report provides a detailed analysis of competition, the impact on companies before and after COVID-19, and market growth across various regions.

From 2021 to 2025, the scale of the geothermal drilling power generation market is expected to increase by US$199.8 million, with a compound annual growth rate of close to 5%.

The market is driven by factors such as rising energy demand, effective use of resources and reduction of emissions. However, high capital requirements can hinder growth.

Fluctuations in oil prices and rising electricity prices will boost market demand. On the other hand, increasingly fierce competition from alternative energy sources will challenge market growth.

Some of the companies covered in this report include Baker Hughes Co., Deep Rock Manufacturing Co., Fraste Spa, Geotech Drilling Services Ltd., Halliburton Co., Huisman Equipment BV, KCA Deutag Alpha Ltd., Marton Geotechnical Services Ltd., Ormat Technologies Inc. and Schlumberger Ltd.

The report includes a competitive analysis that analyzes and evaluates the company's position based on the company's industry position score and market performance score. Some of the factors considered in the analysis include financial performance in the past 3 years, growth strategy, innovation score, new product launch, investment, market share growth, etc.

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Global power generation geothermal drill bit market-The global power generation geothermal drill bit market is segmented by type (tricone, PDC, etc.) and geography (Americas, Asia Pacific, and EMEA). Download exclusive free sample report

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Technavio is the world's leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and formulate effective strategies to optimize their market position. Technavio's report library has more than 500 professional analysts, including more than 17,000 reports, and it is constantly increasing, covering 800 technologies across 50 countries/regions. Their customer base includes companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's comprehensive coverage, extensive research, and actionable market insight to identify opportunities in existing and potential markets, and evaluate their competitive position in changing market scenarios.

Technavio Research Jesse Maida Media and Marketing Director United States: +1 844 364 1100 United Kingdom: +44 203 893 3200 Email: [Email Protection] Website: www.technavio.com/ Report: www.technavio.com/report/geothermal- Drilling- power generation industry market analysis

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