How Renewable Energy Market Can Help in Future by 2025

Renewable energy is energy obtained from renewable resources that are naturally replenished on a human time scale such as sunlight, wind, rain, tides, waves, and geothermal energy. Renewable energies often provide energy in four important areas: power generation, heating / cooling of air and water, transport and rural (off-grid) energy services.

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Leading players of Renewable Energy Market:
General Electric (GE Power), CPFL Energia S.A., Terra-Gen, LLC, Tata Power Company Limited, IHI Corporation, Alstom SA, Shenzhen Energy Group Co., Ltd., ABB Ltd., Mitsubishi Heavy Industry, and Enel Green Power S.P.A.

Based on REN21's 2017 report, renewable energies contributed 19.3% to human energy consumption worldwide and 24.5% to their electricity generation in 2015 and 2016. This energy consumption is 8.9% from traditional biomass, 4.2% from thermal energy (modern biomass, geothermal and solar heat), 3.9% from hydropower and 2.2% from wind, solar, geothermal and other forms of biomass split biomass. Global investments in renewable technologies totaled more than $ 286 billion in 2015. In 2017, global investment in renewable energy was $ 279.8 billion, with China accounting for $ 126.6 billion or 45% of global investment, the US for $ 40.5 billion and Europe for 40 $ 9 billion.

Segmentation by Type:
Hydro & Ocean Power, Wind Energy, Solar Energy, Bioenergy, and Geothermal Energy

Segmentation by End User:
Residential, Commercial, and Industrial & Others

There are an estimated 7.7 million jobs in the renewable energy industry worldwide, with solar photovoltaics being the largest employer for renewable energy. Renewable energy systems are quickly becoming more efficient and cheaper, and their share of total energy consumption is increasing. As of 2019, more than two thirds of the world's newly installed electricity capacity was renewable. The growth in consumption of coal and oil could end by 2020 due to the increasing uptake of renewables and natural gas.

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The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

What the report features:-
1. Global analysis of Renewable Energy Market from 2020 – 2026 illustrating the progression of the market.
2. Forecast and analysis of Renewable Energy Market by Dosage, Route of Administration and Application from 2020 – 2026.
3. Forecast and analysis of Renewable Energy Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

Reason to Buy:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Renewable Energy Market.
2. Highlights key business priorities in order to assist companies to realign their business strategies.
3. The key findings and recommendations highlight crucial progressive industry trends in the Renewable Energy Market, thereby allowing players to develop effective long term strategies.
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.