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New Zealand Geothermal Energy Market Outlook to 2022

New Zealand geothermal market, which is estimated to be USD XX billion in 2016, is expected to grow to USD XX billion by 2022, at a CAGR of XX percent._x000D_ Geothermal energy comes in either vapor-dominated form or liquid-dominated form. Vapor-dominated form offers temperatures from 240 to 300 degree Celsius that produces superheated steam and helps in the generation of electricity. Sources with temperatures of 30 – 150 degree Celsius are used without conversion to electricity for purposes such as bathing, recreation, industrial use, space heating, therapeutic, drinking and bathing. Home heating is the fastest-growing means of utilizing geothermal energy, which has higher growth. Geothermal energy is obtained by tapping underground heat reservoirs that 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 is delivered to a turbine, which powers a generator for the power generation._x000D_ New Zealand is taking initiatives for the renewable sector and is considering providing the most attractive options for the development of renewable energy sector, through several new regulatory schemes by introducing various incentives.  _x000D_ The government is encouraging companies that are willing to do business with new policies. However, there are a multiple market entry strategies that may help the process. The companies that have previously been most successful are maintaining their local presence with strategic, local joint venture programs._x000D_

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Published Date: Q2 2016

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