China, USA, and India is the undisputed Renewable Energy Market Growth leader in the world by 2021|Key Players: EnBW, Duke Energy, Southern Company, Exelon Corporation, and Hawaiian Electric Company

Renewable energy is energy which is generated from natural processes that are continuously replenished. Which includes sunlight, geothermal heat, wind, tides, water, and various forms of biomass. This Renewable energy cannot be exhausted, it’s constantly renewed Process. Alternative energy is another term used for an energy source which is an alternative to using fossil fuels. Generally, it indicates energies which are non-traditional and have a low environmental impact.

The top three nations, China, USA, and India is the undisputed renewable growth leader in the world, According to research over 40% of the total global clean energy mix by 2022. This is happening due to meeting various capacity targets and addressing concerns about the country’s air pollution.
For example, in recent months, China has deployed a number of novel technologies designed to clean the air, including a 100-meter-tall smog-sucking tower in the city of Xian.

China has also already surpassed its 2020 solar energy panel target, and the IEA says it expects the country to exceed its wind target in 2019. China is also playing a vital role in global market leader in hydropower, bioenergy for electricity and heat, and electric vehicles.

Surprisingly, the United States is the second-largest growth market for renewables energy market in the world. Despite The President of USA Donald Trump’s decision to pull out of the Paris Agreement regarding renewable projects in the US are expected to benefit from multi-year federal tax incentives and state-level policies for distributed solar panels in the upcoming year.

However, Renewable energy report warns of uncertainties around proposed tax reforms, international trade, and energy policies, which could hinder renewables energy market growth in the US.

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The Major players reported in the market include:
EnBW
Duke Energy
Southern Company
Exelon Corporation
Hawaiian Electric Company
RWE Group
Vattenfall Europe
Iberdrola
Abengoa Solar
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India overtakes the European Union

In India, meanwhile, renewable energy production capacity is expected to more than double by 2022. The Global Solar, and wind energy market represent 90% of India’s capacity growth, which is the result of auctions for contracts to develop the power-generation capacity that has yielded the world’s lowest prices of renewable energy for both technologies, the report says.

The report adds that India has also improved grid integration and addressed the financial issues of its utilities. Because of these factors, India’s growth between now and 2022 is, for the first time in history, expected to be higher than in the European Union (EU).

As per the study, the worldwide market for Renewable Energy is expected to witness a phenomenal rise over the forthcoming years. The increasing need for cloud compliance and the growing acceptance of home-based work concept are likely to fuel the demand for cloud-based contact centers across the world in the near future. The faster deployment of these contact centers and the scalability and flexibility they offer what expected to add to their popularity over the next few years.

Conversely, the distresses over the risk of the damage of data and the extraordinary initial investment may hinder the growth of the Global Renewable Energy Market substantially in the years to come, notes the research study.

In this study, the global market for Renewable Energy has been analyzed on the basis of the type of product, application, and geography. Based on the type of the product in which the market has been classified into many different segmentations. Among these, the Renewable Energy segment is likely to lead the overall market over the forthcoming years.

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Global Renewable Energy Market: Regional Segment Analysis
North America
Europe
China
Japan
Southeast Asia
India

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