The global Renewable Energy market is predicted to reach 2,152.9 billion by 2017 and is projected to grow with a striking growth rate of 4.90% over the forecast period 2018-2025, divulges a latest research report presented by Big Market Research. Government funding and continuous technological advancements are considered among the major trends for the renewable energy market. Additionally, rising awareness about carbon footprint management is also expected to create lucrative growth prospects for the renewable energy market across the globe during the forecast period.
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Government initiatives to promote renewable energy sources works as a key driving factor for the renewable energy market across the globe. International Renewable Energy Agency (IRENA) anticipates share of renewable energy to reach 36% of global energy mix by 2030, increasing from 19.2% in 2014. Government and public administration across the globe are investing in key projects related to renewable energy. According to Frankfurt School & United Nations Environment Programme Collaborating Centre (FS-UNEP), investment within renewable energy sector is bound to increase from $312 billion in 2015 to $392 billion by 2020. Solar and wind energy continues to be prime choice for investment. More than 37% of the total investment within renewable energy sector in 2016 were directed towards solar and wind energy projects across the globe, according to FS-UNEP estimate; of these wind energies accounted for 47% of the total investment in 2016. Global Wind Energy Council (GWEC) estimates that total installed capacity of wind energy across the globe is likely to reach 792GW by 2020 increasing from 497GW in 2016, adding an average 72GW per annum. According to GWEC, wind energy could supply over 20% of total global electricity by 2030 with an estimated installed capacity of 2,110GW renewable energy market across the globe
This report is a professional and comprehensive research of the global Renewable Energy industry based on the major regional market situations, key driving factors, major competitors, and size & scope of the market. Firstly, the report introduces the Renewable Energy market basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials, and so on. The report also presents Porter’s Five Forces model, value chain analysis, and PEST analysis. Furthermore, the competitive scenario in different regions is outlined in the report to assist leading market players, new entrants, and stakeholders determine emerging economies.
Global Renewable Energy Market: Regional Segment Analysis
- North America– U.S., Canada
- Europe– UK, Germany.
- Asia Pacific– China, India, Japan
- Latin America– Brazil, Mexico, Rest of the World
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The report also presents detailed information about the major players as well as some minor players of the Renewable Energy sector.
The Key Players mentioned in our report: ABB LTD, Alstom SA, CPFL Energia S.A., ENEL GREEN POWER S.P.A., General Electric, Mitsubishi Heavy Industries, IHI Corporation, Shenzhen energy Group Co Ltd, TERRA-GEN LLC, Tata Power Company Ltd.
The research reveals the performance of each player active in the industry. In addition, the report offers an overview of recent developments of each player in the market. All these insights provided in the report are valuable to anyone interested in investing in the Renewable Energy industry. These insights may help them in determining the strength of their competitors and take the required steps to gain a dominant position in the industry.
Additionally, the research report delivers a complete analysis of the key segments of the Renewable Energy sector with the help of charts, graphs, and tables. An overview of each market segment such as type, application, and region are also provided in the report. Investors, stakeholders, product managers, marketing officials, and other professionals in search of detailed data on supply, demand, and future predictions would find the report beneficial.
This research report is prepared based on an in-depth analysis of the market by expert analysts. The insights provided in the report would help stakeholders determine investment suitability and market players to take hold of opportunities for partnerships, collaborations, and agreements.
Table of Contents
Chapter 1. Global Renewable Energy Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.3. Market Estimation
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
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