Global Geothermal Drilling Market Size, Share, Price, Trends, Growth, Industry, Report and Forecast 2023-2028
The global geothermal drilling market is expected to witness significant growth in the coming years. The growing demand for clean and sustainable energy sources, coupled with the increasing focus on reducing carbon emissions, has fueled the growth of the market. According to a report by Expert Market Research, the global geothermal drilling market is projected to grow at a CAGR of 6.22% during the forecast period of 2023-2028.
Geothermal energy is derived from the earth's natural heat, which is generated by the radioactive decay of minerals and the heat from the earth's core. Geothermal drilling involves the extraction of this heat from the earth's subsurface by drilling wells and using a heat exchange system to transfer the heat to a power generation plant. Geothermal energy is consid...