Global Green Energy Market Analysis By Growth, Emerging Trends and Future Opportunities Till 2030
Research Nester published a report titled “Green Energy Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global green energy market in terms of market segmentation by type, application, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global
green energy market is anticipated
to grow at ~6.5% CAGR over the forecast period, i.e., 2022 – 2030. The market
is segmented on the basis of type into hydro energy, wind energy,
tidal energy, solar energy, geothermal energy, bio gas, and others, out of
which, the solar energy segment is anticipated to hold a notable market share by the end of 2030, owing
to the abundant availability of sunlight, readily available solar PV, growing
adoption of solar energy, and subsidy on solar farms, among others. On the
basis of application, the commercial segment
is anticipated to hold largest market over the forecast period on the back of growing
adoption of renewable sources of energy, on a utility-scale. For instance,
commercial hydro power plants, wind farms or solar farms produce electricity
for distribution on a utility scale.
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Strategic Report: https://www.researchnester.com/sample-request-3366
The
market is estimated to grow on the back of increasing environmental awareness,
as thermal power plants are major cause for global warming. Primarily, coal and
petroleum were the sources of energy, which were used to generate electricity,
but the emission of greenhouse gases during this process is the major reason
for the shift from non-renewable to renewable sources of energy. This is
estimated to boost the growth of the global green energy market. Moreover, increasing
government initiatives to promote the adoption of green energy is the major
factor driving the market growth.
On the basis of geographical analysis, the
global green energy market is segmented into five major regions including North
America, Europe, Asia Pacific, Latin America and Middle East & Africa
region. The
market in Asia Pacific is estimated to garner the largest market share during
the forecast period owing to the large number of commercial utility-scale solar
farms and hydro power stations in the region. China and India are one of the
largest producers of solar and hydroelectricity.
The research was global in nature and
conducted in North America (U.S., Canada), Europe (U.K., Germany, France,
Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland,
Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin
America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific
(China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia,
New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi
Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of
Middle East and Africa). In addition, areas like Market size, Y-O-Y growth
& Opportunity Analysis, market players competitive study, investment
opportunities, demand for future outlook etc. have been covered and displayed
in the research report to ensure it dives deep to achieve strategic competitive
intelligence in the segment.
Growing Environmental Awareness amongst People
to boost the Market Growth
According to the International
Energy Agency (IEA), the total global production of electricity using
renewable resources will grow at around 45% in the upcoming years, as of 2020.
Increasing
awareness regarding the drawbacks of coal-generated electricity, along with
growing government initiatives, such as, government subsidy and incentives to promote clean green energy
are estimated to boost the market growth.
“The
Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high investment, and slow implementation are expected to operate as key restraint to the growth of the global green energy market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global green energy market which includes company profiling of DuPont de Nemours, Inc., GE Group, Siemens AG, The Dow Chemical Company, Envision Group, Adwen GmbH, Ming Yang Smart Energy Group Ltd, Suzlon Energy Limited, ABB Ltd, Cybrid Technologies Inc. and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global green energy market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries, conglomerates
and executives to take wise decisions for their future marketing strategy,
expansion and investment etc. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
Contact for more
Info:
AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
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