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Effective URL: https://www.alliedmarketresearch.com/renewable-energy-market
Submission: On November 14 via api from RU — Scanned from DE
Effective URL: https://www.alliedmarketresearch.com/renewable-energy-market
Submission: On November 14 via api from RU — Scanned from DE
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</form>Text Content
* +1-800-792-5285 (TOLL-FREE) * (UK): +44-845-528-1300 * Int'l: +1-503-894-6022 * help@alliedmarketresearch.com 0 * Reports Store * Company Profiles * Avenue Subscription * Clients * Press Release * Our Services * AMR News * About AMR * Careers * Industries Life Sciences Consumer Goods Materials & Chemicals Construction & Manufacturing Food & Beverages Energy & Power Semiconductor & Electronics Automotive & Transportation ICT & Media Aerospace & Defense BFSI * Follow Us: * Report Store * New * Industries * Clients * Request for Consultation * Login * Menu 0 SHOPPING CART IS EMPTY.. Continue Shopping YOUR SHOPPING CART IS EMPTY CONTINUE SHOPPING Latest Publications Upcoming Publications Company Profiles Close ADVANCE SEARCH Search For: Match: All search words Any search word Exact search words Category: Select Category Life Sciences Consumer Goods Materials and Chemicals Construction & Manufacturing Food and Beverages Energy and Power Semiconductor and Electronics Automotive and Transportation ICT & Media Aerospace & Defense BFSI Search In: All Report Title Description & Keywords Report Code Report Content OR Upcoming Report OR Published Report Published Date: From: To: Search Back To Menu * Latest Publication * Upcoming Publication * Company Profile * Avenue : A Subscription Based Library * Industries * Client Testimonials * Our Services * AMR News * About AMR * Careers * Contact Us * FAQs * Follow Us: * Industries * Life Sciences * Consumer Goods * Materials & Chemicals * Construction & Manufacturing * Food & Beverages * Energy & Power * Semiconductor & Electronics * Automotive & Transportation * ICT & Media * Aerospace & Defense * BFSI Back To Menu RENEWABLE ENERGY MARKET GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST, 2021–2030 Published Date: Sep 2021 | Pages: 300 help@alliedmarketresearch.com Download Free Sample Request Call Back 1. Home 2. Latest Reports 3. Renewable Energy Market 2021 RENEWABLE ENERGY MARKET P * * RENEWABLE ENERGY MARKET BY TYPE (HYDROELECTRIC POWER, WIND POWER, BIOENERGY, SOLAR ENERGY, AND GEOTHERMAL ENERGY) AND END USE (RESIDENTIAL, COMMERCIAL, INDUSTRIAL, AND OTHERS): GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST, 2021-2030 UPDATE AVAILABLE ON-DEMAND EP : Green/Alternative/ Renewable Energy Report Code: A00060 Pages: 300 Sep 2021 | 157119 Views Author(s) : Chidanand , Nikhil M , Eswara P Tables: 184 Charts: 77 * Formats*: * Single User License, Five User License & Enterprise User License * Data Pack Excel License * It comes with the additional cost of $2500.00 contact sales. * Report Overview * Table Of Content * Download Free Sample * Analyst Review * Pricing Details COVID-19 Pandemic disrupted the entire world and affected many industries. Get detailed COVID-19 impact analysis on the Renewable Energy Market Request Now ! RENEWABLE ENERGY MARKET OUTLOOK - 2030 The global renewable energy market was valued at $881.7billion in 2020, and is projected to reach $1,977.6 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030. Renewable energy, even referred as clean energy, is usually derived from natural sources that are constantly replenished. Wind energy, a type of renewable energy, is used to generate electric energy from kinetic energy source. Wind turbine converts the wind energy into mechanical energy, which is further converted into electrical energy through generator. Wind energy can be generated offshore and onshore. Onshore wind energy is associated with onshore turbines that are located on land, whereas offshore wind turbines are found in ocean or sea. > The global renewable energy market has been negatively hampered due to wake of > COVID-19 pandemic. During high wind season, planned maintenance has become a > major issue for industry players, owing to reduced labor force and social > distancing norms. Furthermore, project delays and cancellation of orders has > affected the key markets for both blade production and wind turbine > installations. Renewable energy is derived from natural sources such as wind and sunlight. Solar, geothermal, wind, bioenergy, hydropower, and ocean power are some of the major sources of renewable energy. Currently, renewable energy is utilized in heating, electricity, cooling, and transport sectors. Renewable energy collectively provides around 7% of the world’s energy demand. Renewable energy is relatively more expensive than fossil fuel. Several factors are responsible to drive the usage of renewable energies, the most crucial being the attribution of global warming due to carbon dioxide (CO2) emission from the combustion of fossil fuels. The concern about the reduction of greenhouse gas emissions, increase in search for energy security along with the aversion to traditional nuclear power, and lack of progression in the application of the nuclear power are expected to drive the demand for geothermal power market during the forecast period. Governments of various developing and developed countries have focused on promoting renewable energy sources due to increase in output efficiency, less pollution, and low maintenance costs. All these factors collectively surge the demand for renewable energy, thereby augmenting the global renewable energy market growth. However, developing new resources requires large initial investments to build infrastructure. These investments increase the cost of providing electricity, especially during early years. Initially, the developers need to find publicly acceptable sites with good resources and with access to transmission lines. Finding a potential solar site requires several years of monitoring to determine whether they are suitable or not. In addition, the workers need to be trained to install, operate, and maintain the new technologies. Some require operating experiences in certain climatic conditions, before the performance can be optimized. This factor is likely to restrain the growth of the renewable energy market during the forecast period. On the contrary, economies such as China and India are expected to drive the demand for geothermal power sector. A significant increase in energy demand owing to surge in investment in renewable energy projects has been witnessed in countries such as China and India. The residential and industrial sectors are expected to consume more energy during the forecast period in Asia-Pacific. Furthermore, India has significant growth potential; however, due to its inconsistent policy and business environment in past, the renewable energy share in total energy production was less. There has been an increase in investments in renewable energy projects in India, owing to which it is one of the countries experiencing rapid growth in the Asia-Pacific market. For instance, a shift in trend toward use of localized energy procurement can be seen in the recent years. Various government bodies in countries such as India have taken the advantage of community choice aggregation (CCA) policies, which permits government to procure renewable energy resources on behalf of their constituents while retaining their existing electricity provider for transmission and distribution services. All these factors are expected to offer future growth opportunities to the global renewable energy market. The renewable energy market analysis is done on the basis of type, end-use, and region. On the basis of type, the market is categorized into hydroelectric power, wind power, bioenergy, solar energy, and geothermal energy. The end-user covered in the study includes residential, commercial, industrial, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The major companies profiled in this report include ABB, Acciona, EDF, Enel Spa, General Electric, Innergex, Invenergy, National Grid Renewables, The Tata Power Company Limited (Tata Power), and Xcel Energy Inc. The global market analysis covers in-depth information of the major renewable energy industry participants. RENEWABLE ENERGY MARKET, BY REGION Asia-Pacific renewable energy market size is projected to grow at a CAGR of 9.6% during the forecast period and accounted for 35.2% of renewable energy market share in 2020. The region accounts for more than half of the global energy consumption, owing to rise in industrialization as well increase in population. The renewable energy market has grown considerably in countries such as China and India. China became the world’s largest producer of bioelectricity in 2017 and now it is one the key players in hydropower, onshore, wind power and solar photovoltaic, and. RENEWABLE ENERGY MARKET -------------------------------------------------------------------------------- BY REGION 2030 Asia-pacific North America Europe Lamea ASIA-PACIFIC WOULD EXHIBIT HIGHEST CAGR OF 9.6% DURING 2021-2030. Get more information on this report : Request Sample Pages RENEWABLE ENERGY MARKET, BY TYPE In 2020, the hydroelectric power segment was the largest revenue generator, and it is anticipated to grow at a CAGR of 6.5% during the forecast period. A significant amount of hydropower development took place in Brazil. An increase in activity has been witnessed across the continent, with notable projects in Colombia and Peru. Surge in investments for off-grid energy generation and rural electrification across developing countries, such as India, China, Brazil, and Vietnam, has increased the demand for small hydropower plants. In addition, initiatives such as the Small Hydropower Programme by the Ministry of New and Renewable Energy and Rajiv Gandhi Grameen Vidyutikaran Yojana taken by the Government of India to electrify rural areas and promote the utilization of small hydropower energy for off-grid and mini-grid is expected to drive the growth of the market. RENEWABLE ENERGY MARKET -------------------------------------------------------------------------------- BY TYPE Your browser does not support the canvas element. SOLAR ENERGY TYPE IS THE MOST LUCRATIVE SEGMENT Get more information on this report : Request Sample Pages RENEWABLE ENERG MARKET, BY END USE By end use, the ryesidential segment acquired the top position of the global market in 2020, and it is anticipated to grow at a CAGR of 8.4% during the forecast period. Increase in use of geothermal heat pump in residential heating application is expected to drive the growth of the market. The requirement of geothermal power is expected to increase significantly with rise in demand for electricity. This factor is expected to drive the growth of the market. Several companies in the market offer geothermal power to the residential sectors. Enel Green Power is one such company that owns the power plants at a complex and serves approximately two million families, 8,700 residential & business customers, and 25ha of greenhouses. Implementation of government initiatives in developed as well as developing economies to curb carbon emission and to reduce the usage of conventional fuels to generate energy has increased the usage of rooftop solar energy systems to generate electricity for household purposes. RENEWABLE ENERGY MARKET -------------------------------------------------------------------------------- BY END USE Your browser does not support the canvas element. INDUSTRIAL END USE IS PROJECTED AS THE FASTEST GROWING SEGMENT Get more information on this report : Request Sample Pages Key Benefits for Stakeholders * Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building. * It outlines the current renewable energy market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets. * The major countries in the region have been mapped according to their individual revenue contribution to the regional market. * The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study. * The profiles of key players and their key strategic developments are enlisted in the report. Impact Of Covid-19 On The Global Renewable Energy Market * The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and economy around the globe. * The renewable energy market has been negatively impacted due to the wake of COVID-19 pandemic. The pandemic severely impacted the wind turbine manufacturing in countries such as China and Germany. * For instance, in 2020, Germany's Nordex SE reported negative EBITDA of $86.5 million down from positive EBITDA of $21 million in previous financial year (2019). The limited availability of spares and manpower for maintenance due to the pandemic is a major problem that affects the market growth. * During high wind season, planned maintenance has become a major issue for industry players, owing to reduced labor force and social distancing norms. Furthermore, project delays and cancellation of orders has affected the key markets for both blade production and wind turbine installations. * For instance, Siemens Gamesa Renewable Energy SA accounted for a net loss of $577 million during its fiscal third quarter in 2020. However, a shift in trend toward domestic supply chain may reduce the reliance on foreign imports and encourage domestic production of wind turbines. In addition, implementation of digitization is expected to aid in remote monitoring of project execution; thus, limiting the labor force as much as possible. Renewable Energy Market Report Highlights Aspects Details By Type * Hydroelectric Power * Wind Power * Bioenergy * Solar Energy * Geothermal Energy By End Use * Residential * Commercial * Industrial * Others By Region * North America (U.S., Canada, Mexico) * Europe (Sweden, Austria, UK, Germany, France, Italy, Spain, Rest of Europe) * Asia-Pacific (China, India, South Korea, Australia, Indonesia, Japan, Rest of Asia-Pacific) * LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA) Key Market Players ABB, ACCIONA, EDF, Enel Spa, General Electric, Geronimo Energy, Invenergy, Innergex, THE TATA POWER COMPANY LIMITED (Tata Power), Xcel Energy Inc. Loading Table Of Content... The global renewable energy market is expected to exhibit high growth potential owing to its use in residential, commercial, industrial, and others. There is a significant increase in energy demand in the residential sector owing to rise in population in Asia-Pacific. Renewable energy technologies that can be installed in building energy systems comprise: solar electric, or photovoltaic systems, solar thermal, including solar hot water and solar ventilation air preheating, geothermal heat pump, wind turbines, and biomass systems. Geothermal power is used in residential for heating and cooling, and electricity generation. In residential sector, geothermal energy is a good alternative of fossil fossils and can be used to produce electricity. Increasing use of geothermal heat pump in a residential heating application is expected to drive the growth of the market. As demand for electricity increases, it is expected that the requirement of geothermal power will increase significantly. This factor is expected to drive the growth of the market. Several companies in the market are offering geothermal power to the residential sectors. Enel Green Power is one such company that owns the power plants at the complex serving approximately two million families, 8,700 residential and business customers, and 25ha of greenhouses, which is predicted to offer lucrative growth opportunities in the future. There has been a significant amount of hydropower development in Brazil. There is increase in activity across the continent, with notable projects in Colombia and Peru is the key market trend. Surge in investments in off-grid energy generation and rural electrification across the developing countries such as India, China, Brazil, and Vietnam have surged the demand for small hydropower plants. In addition, initiatives such as the Small Hydropower Programme by the Ministry of New and Renewable Energy and Rajiv Gandhi Grameen Vidyutikaran Yojana taken by the Government of India to electrify rural areas and promote the utilization of small hydropower energy for off-grid and mini-grid is expected to drive the growth of the market. Significant surge in demand for renewable power sources is expected to drive the floating wind turbine market growth which further propels the growth of the renewable energy market. In addition, such turbines reduce carbon emission, unlike conventional power sources. Furthermore, the floating wind turbine technology, a type of offshore turbine, removes the constraint of water depth which aids in selecting the best site possible for power generation. PURCHASE OPTIONS Online Only $3,456 Data Pack/Excel $3,840 Single User + Covid Impact $5,769 Five User License $6,450 Enterprise User License $10,995 Library Membership Get 15% Off $ 999 Per User/ Per month/ Billed annually Add To Cart Buy Now Inquire Before Buying CALL OR EMAIL US U.S.-Canada Toll-free: +1-800-792-5285 Int'l : +1-503-894-6022 Europe : + 44-845-528-1300 Email : help@alliedmarketresearch.com FREQUENTLY ASKED QUESTIONS? Q1. WHICH SEGMENT HOLDS THE MAXIMUM SHARE OF THE RENEWABLE ENERGY MARKET? A. Hydroelectric power segment holds the maximum share of the Renewable Energy Market. Q2. WHO ARE THE POTENTIAL CUSTOMERS OF RENEWABLE ENERGY INDUSTRY? A. Residential are the potential customers of Renewable Energy industry. Q3. HOW CAN I GET REPORT SAMPLE OF RENEWABLE ENERGY MARKET? A. To get latest version of Renewable Energy market report can be obtained on demand from the website. Q4. WHAT ARE THE KEY GROWTH STRATEGIES OF RENEWABLE ENERGY MARKET PLAYERS? A. Acquisition, Partnership, Agreement, and Business Expansion are the key growth strategies of Renewable Energy Market players. Q5. WHICH REGION WILL PROVIDE MORE BUSINESS OPPORTUNITIES FOR RENEWABLE ENERGY IN FUTURE? A. Europe region will provide more business opportunities for Renewable Energy in future. Q6. HOW CAN I GET STATISTICAL DATA OF TOP MARKET PLAYERS OF RENEWABLE ENERGY MARKET? A. The top ten market players are selected based on two key attributes - competitive strength and market positioning Q7. WHAT ARE THE DRIVING FACTORS AND OPPORTUNITIES IN THE RENEWABLE ENERGY MARKET? A. Rise in demand for renewable energy, surge in electricity consumption, and increase in legislative & financial initiatives are the driving factors in the renewable energy market. Emerging economies such as India and China are driving the demand of renewable energy is the opportunity in the global market. Q8. WHO ARE THE LEADING GLOBAL PLAYERS IN THE RENEWABLE ENERGY MARKET? A. ABB, Acciona, EDF, Enel Spa, General Electric, Innergex, Invenergy, National Grid Renewables, The Tata Power Company Limited (Tata Power), and Xcel Energy Inc. are the leading global players in the Renewable Energy Market Q9. WHAT ARE THE KEY BENEFITS OF THE RENEWABLE ENERGY MARKET REPORT? A. It outlines the current trends and future estimations of the market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets are the key benefits of the Renewable Energy Market report. Q10. WHAT CURRENT TRENDS WILL INFLUENCE THE RENEWABLE ENERGY MARKET IN THE NEXT FEW YEARS? A. The development of photovoltaic (PV) storage systems is essential to increase the ability of PV systems to replace the existing conventional sources. The demand for storage grids is expected to augment in the coming years with increase in demand for PV installations. Rise in need for grid systems for residential application further propels the demand for lithium ion-powered batteries for solar energy storage. In addition, market assisting programs and schemes are expected to play a significant role in boosting the demand for solar storage technologies. This current trends will influence the Renewable Energy Market in the next few years. Looking for Customization? Customization Request Have a Question? Speak with Analyst Any Confusion? Inquire Before Buying Have a glance of the Report Request Free Sample RELATED TAGS * Renewable * Energy * Power * Clean Energy HAVE QUESTIONS? 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