Renewable Energy Market Industry Key Market Players Explores New Markets in Emerging Nations

The energy industry, and government & research institutions are making large investments on development of better technologies to extract energy from renewable source. These are expected to increase the efficiency of energy extraction from renewable source and enhance the productivity

According to a new report published by Allied Market Research, titled, Renewable Energy Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2014-2025, the global renewable energy market was valued at $1,469,078 million in 2017, and is projected to reach $2,152,903 million by 2025, growing at a CAGR of 4.9% from 2017 to 2025. The renewable energy produced by hydro & ocean power accounted for more than two-thirds share of the global market in 2016.

Worldwide, the concept of using renewable energy as an alternative to conventional fossil fuel, such as gasoline and diesel, is growing rapidly. Renewable source of energy, such as solar, hydropower, biomass, wind, and geothermal, can provide sustainable energy services. Improvement in technology and the feasibility in using renewable sources to produce energy have been the key in successfully using renewable energy in resent time.

Get Sample Copy of Report Here: https://www.alliedmarketresearch.com/request-sample/140

At present, the market is driven by increase in demand for energy across the world and decline in non-renewable source of energy such as petroleum, coal, and natural gas. In addition, it is fueled by the increase in awareness about environmental safety and security. Though, the high initial cost of investment for the infrastructural setup is a major restraint in renewable energy market. However, the continuous development of technology has led to the use of new technologies to extract energy from renewable source and increased government funding has paved the way for new opportunities for market growth.

By type, the market is segmented as hydro & ocean power, wind energy, solar energy, bioenergy, and geothermal energy. By end user, it is classified into residential, commercial, and industrial and others.

Key Findings of the Renewable Energy Market:
• The solar energy market is expected to grow at the highest CAGR of 13.4%, in terms of revenue, during the forecast period.
• The commercial segment is projected to grow at a significant CAGR of 5.7% from 2017 to 2025.
• Europe is expected to witness highest growth rate, in terms of revenue, with a CAGR of 6.2%.
• South Africa is one of the major country in the market and expected to grow at the highest CAGR of 27.6% by value in the LAMEA.
• Asia-Pacific accounted for 41.1% share in 2016, and is anticipated to grow at the significant CAGR of 4.8% by revenue.
Asia-Pacific and Europe collectively accounted for more than two-third of the global market share by revenue in 2016.
The major companies profiled in this report are GE Energy, CPFL Energia S.A., Terra Gen, Tata Power Solar, IHI Corporation, Alstom Hydro, China Hydroelectric Corporation, ABB Ltd., Mitsubishi Heavy Industry, and Enel Green Power.

(Get Discount UP To 25% on this Report * Offer Till 31st Dec 2018)

Purchase Report Inquiry Here: https://www.alliedmarketresearch.com/purchase-enquiry/140

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.