COVID-19 Impact on Renewable Energy Market 2020-2021: Siemens Gamesa, Goldwind, General Electric, Orsted, Canadian Solar, Jinko Solar, Vestas, SolarEdge and Others.
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The Global Renewable Energy Market size is projected to grow from USD 184.3 Billion in 2020 to USD 226.1 Billion by 2021. This report spread across 51 pages, profiling 08 companies and supported with tables and figures are now available in this research.
Top Key Players Profiled in the Renewable Energy Market:
o Siemens Gamesa (Spain)
o Goldwind (China)
o General Electric (US)
o Orsted (Denmark)
o Canadian Solar (Canada)
o Jinko Solar (China)
o Vestas (Denmark)
o SolarEdge (Israel)
"The solar segment dominated the renewable energy industry during the forecast period"
The solar segment, by technology type, is expected to dominate the global renewable energy market during the forecast period. The solar energy producers' product portfolio includes inverters, cells, and modules. Some of the major solar energy producers are Canadian Solar (Canada), Jinko Solar (China), SunPower (US), and Tina Solar (China). These manufacturers are still operating with limited production capacities.
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"The utilities/power producers segment is projected to be the largest renewable energy market during the forecast period"
The utilities/power producers segment, by end-user type, is expected to dominate the global renewable energy market during the forecast period. Strict lockdown regulations are stopping people and goods from a free movement, thereby creating a heavy blow to the demand for transport fuels. This is the right time for the utilities to make the transition to 100% renewable energy.
"Asia Pacific is projected to be the largest and optimistic market during the forecast period"
Asia Pacific is the largest renewable energy market, by region, during the forecast period. China and India are two big renewable energy markets in the region, which is the reason for market growth in the region. Several of the top ten solar PV manufacturers (in terms of module shipments) are based in China, including Jinko Solar, JA Solar, Trina Solar, LONGi Solar, Risen Energy, GCL System, and Suntech. These companies are expected to resume their operation by the end of April 2020 because of limited COVID-19 cases in China.
Breakdown of primary participants' profile:
o By Company Type:Tire 1: 65%, Tire 2: 24%, and Tire 3: 11%
o By Designation: C-level: 30%, Directors: 25%, and Others: 45%
o By Region: Asia Pacific: 33%, North America: 27%, Europe: 20%, Middle East & Africa: 13% South America: 7%
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Reason to access this report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall renewable energy market and sub segments. This report will help stakeholders in gaining more insights to position their businesses better and plan suitable go-to-market strategies.
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