Renewable Energy Market Leading Top Key Players Revenue Analysis: Vestas Wind Systems, Calpine Corporation, Enel Green Power, Suzlon Energy Ltd., GE Energy

Renewable Energy Global Marke Highlights:-

The renewable energy sector employed 9.8 million people in 2016, an increase of 1.1% over 2015. By technology, solar PV and biofuels provided the largest numbers of jobs. Employment shifted further towards Asia, which accounted for 62% of all renewable energy jobs (not including large-scale hydropower), led by China. In 2016, World Energy Council quoted that, hydropower accounted for about 30% of the total global installed power generating capacity and about 23% of total global electricity produced. The tremendous yearly addition in capacity of renewable energy is certainly boosting the renewable energy globally. The development of community renewable energy projects continued in 2016, but the pace of growth in some countries is in decline. In a new trend, such projects have begun to expand into energy retailing (supply), storage and demand-side management.

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Industry News:-

In November, 2017 – GE Renewable Energy announced that it has now installed more than 60 gigawatts worth of onshore wind energy capacity across the globe, made up of over 35,000 wind turbines in 36 countries. GE Renewable Energy has now installed enough onshore wind energy capacity to power the equivalent of more than 15 million residential homes.

In June, 2017 – Yingli Green Energy Holding Company Ltd. (NYSE: YGE), one of the world's leading solar panel manufacturers, announced that, Tempress Systems B.V., part of the Amtech Group celebrated the opening of Europe's largest bifacial PV solar plant of close to 400 kilowatt-peak (kWp) capacity in the Netherlands, using n-type PANDA Bifacial modules manufactured by Yingli Solar. The plant is located next to the headquarters of Tempress in Vaassen, The Netherlands.

Renewable Energy Global Market - Competitive Analysis

The global market for renewable energy seems to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D, collaborating with EPC contractors and, most of all, in acquiring other firms.

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

Renewable Energy Market Segments:-

The renewable energy market has been segmented of the basis of energy sources as Solar Energy, Wind Energy, geothermal Energy, Bio Energy, hydropower Energy and others. On the basis of application the market has been segmented as Automotive, Construction, Transportation and chemical & Petrol chemical among others. On the basis of end user the market has been segmented as residential, commercial and industrial.

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Regional Analysis of Renewable Energy Market:

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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