Press release
Renewable Energy Market is Valued at USD 1,486.3 Billion in 2017 and will reach USD 2,152.9 Billion by 2025 | Top Leading Players – ABB, GE, Alstom SA, CPFL Energia SA, ENEL GREEN POWER SPA, Mitsubishi Heavy Industries, IHI Corp
Renewable Energy Market
Global Renewable Energy Market Overview:
The Global Renewable Energy Market to reach USD 2,152.9 Billion by 2025. The Global Renewable Energy Market valued approximately USD 1,486.3 Billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.90% over the forecast period 2018-2025.
Government funding and continuous technological advancements are considered among the major trends for the renewable energy market. 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.
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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 was 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.
The Global Renewable Energy Market is segmented based on Type, End-User and Region. On the basis of Type, the market is classified into hydro & ocean power, wind energy, solar energy, bio energy and geothermal energy of which solar energy segment is anticipated to be the lucrative segment owing to the owing to the government initiatives promoting the solar energy. On the basis of End-User, the market is bifurcated into commercial, residential and industrial & others of which commercial segment is expected to dominate the market owing to the increasing demand of energy.
As per the regional analysis, APAC dominates the Renewable Energy market owing to government efforts to promote the renewable energy along with increasing demand of energy. Whereas, Europe is anticipated to emerge as the fastest growing market region during the forecast period 2018-2025, owing to stringent government environmental policies imposed on industrial sector along with government initiatives to promote renewable energy. Also, the growth of APAC region is witnessed owing to the rapid industrialization and urbanization.
Purchase this report online with 200 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Renewable Energy Market 2019” @ https://www.businessindustryreports.com/buy-now/135091/single .
Major Key Players:
1 ABB LTD
2 Alstom SA
3 CPFL Energia S.A.
4 ENEL GREEN POWER S.P.A.
5 General Electric
6 Mitsubishi Heavy Industries
7 IHI Corporation
8 Shenzhen energy Group Co Ltd and More...............
Market segment by Regions/Countries, this report covers:
1 North America
2 Europe
3 Asia Pacific
4 Latin America
5 Rest of the World
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which are the leading market products, applications & regions and how will they perform by 2025?
3 What are the technologies & innovation trends, how will they evolve by 2025?
4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Renewable Energy Market.
Major Points in Table of Contents:
Global Renewable Energy Market Report 2019
1 Global Renewable Energy Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Global Renewable Energy Market Dynamics
5 Global Renewable Energy Market, By Type
6 Global Renewable Energy Market, By End-user
7 Global Renewable Energy Market, by Regional Analysis
8 Competitive Intelligence
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