Renewable Energy Market Top Key Players: Calpine Corporation, Enel Green Power,Vestas Wind Power A/S, Pelamis Wave Power and Yingli Solar

Global Renewable Energy Market – Overview

Renewed global pleas for clean and renewable energy sources have driven the demand for this sector as major players are foraying into this sector. The sector is finding huge demand from many sectors due to its free availability and it’s limited to no impact level on environment. This particular demand trend is also further spurred on by the increase in the price fluctuations of natural energy resources, and their risk of getting depleted soon in the coming years citing increased demand. Population growth is also among one of the decisive factors affecting the demand for renewable energy sources. The factors that can slow down the sector include lack of R & D activities and preference of natural energy sources.


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The quest to make our energy sources more environment friendly and also counter the depletion of natural energy sources, has led to the widespread appeal of the renewable energy market. Market Research Future, a firm which specializes in market reports related to the Energy and Power sector among others, published in its recent report on Global Renewable Energy Market Research Report - Forecast to 2027 that the sector is set to surge in the forecast period with a highly distinguishing CAGR percentage.


Global Renewable Energy Market – Segments

The renewable energy market has been segmented on the basis of energy sources, application, end user and region.

On The Basis Of Energy Sources: Solar Energy, Wind Energy, Geothermal Energy, Bio Energy, Hydropower Energy and Others.

On The Basis Of Application: Automotive, Construction, Transportation and Chemical & Petrol Chemical among Others.

On The Basis Of End User: Residential, Commercial and Industrial.

On The Basis Of Region: North America, Europe, Asia-Pacific, Middle East and Africa and Latin America


Global Renewable Energy Market - Competitive Analysis

With the entry of new industry players in the global renewable energy market segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

Some of the key players in the Renewable energy market are Calpine Corporation, Enel Green Power. Other notable players in this segment are Vestas Wind Power A/S, Pelamis Wave Power and Yingli Solar among others.


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Latest Industry News:

Dec 2017 The government of Alberta (Canada) which has the world’s third-largest oil reserves recently auctioned off 595 megawatts of renewable energy capacity to be built in the province. This has exceeded the government’s target of 400 megawatts. The process marks a major step for Alberta which is Canada’s largest consumer of coal and its second-largest producer of the fuel in its efforts to transition to all renewable and gas-fired generation by 2030.

Dec 2017 Google has recently announced that it has purchased a whopping 3 gigawatts of renewable energy capacity — equal to what all of its offices and data centers around the world use on an annual basis. The tech giant was able to hit this target of matching 100 percent of its energy use after closing new deals to buy wind and solar power generated in South Dakota, Oklahoma, and Iowa, adding to several purchases it has made since 2012.It’s a major accomplishment that affirms Google is more aggressive about buying renewable energy for its operations than any of its corporate peers.

Dec 2017 EU state aid regulators approved of late a 40-billion-zloty ($11.2 billion) Polish scheme to support renewable energy producers, saying it was in line with the bloc’s energy and climate objectives. Under the scheme, small energy installations with a capacity up to 500 kW (kilowatts) will benefit from a feed-in tariff while those with capacity above that will receive a premium on top of the market price of electricity.


Global Renewable Energy Market - Regional Analysis

The global renewable energy market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is expected to dominate the Renewable Energy market mainly due to the favorable government regulations. The integration of renewable energy is expected to increase in the North American region providing the market with scope for further growth. Europe and Asia-Pacific are the other major regions for the Renewable Energy market due to boost in the manufacturing sector in these regions.

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