According to Organic Market Research, Geothermal Energy Market Share was USD 7.46 billion in 2023 and the market is projected to touch USD 9.73billion by 2032, at a CAGR of 3.1% during the forecast period. The market is heavily concentrated in countries within geothermal-rich regions, such as the United States, Indonesia, the Philippines, and New Zealand. In these regions, geothermal energy plays a significant role in reducing dependence on fossil fuels, supporting energy security, and contributing to climate change goals. Additionally, growing government incentives and favorable policies, particularly in developing economies, are pushing investments in geothermal projects.