Green Power Market Outlook and Opportunities in Grooming Regions: Edition 2020-2027

The research report on ‘Green Power Market’ offers in depth analysis on the crucial factors like market share, size, growth factors, drivers, and challenges. The report delivers actionable insights on these factors to help the business players, manufacturers, and marketing executives to plan operational strategies for the forecast period 2020 - 2027. Allied Market Research Reports also studies the market from 360 degree perspective to offer other impactful factors, such as restraints, ongoing trends, market strengths and weaknesses, and the external factors like government regulations.

The global green power industry is segmented into power source, end-use sector, and region. Based on power source, the market is divided into wind, solar, low impact hydro, biomass, and others. The wind segment dominated the market in 2019 while the solar segment is expected to grow at a higher CAGR during the forecast period. Based on the end-use sector, the market is categorized into transport, industrial, non-combustible, buildings, and others. The buildings sector dominated the market in 2019; however, the transport sector is expected to grow at faster pace during the forecast period. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the market in 2019 while Asia-Pacific is expected to grow at a higher CAGR, owing to increased government and private investments in the green power market.

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The green power market was valued at $41.1 billion in 2019 and is anticipated to generate $103.5 billion by 2027. The market is projected to experience growth at a CAGR of 12.3% from 2020 to 2027.
Presence of countries, such as China and India, are the major factor that boosts the Asia-Pacific green power market, owing to rise in investment in green power projects. There is significant increase in energy demand due to rapid industrialization and rise in population in countries such as China and India.

The buildings and industrial sectors are expected to consume more energy during the forecast period in Asia-Pacific. Furthermore, India has significant growth potential; however, due to its inconsistent policy and business environment the in past, the green power share in the total energy production was less. The shift in trend toward the use of localized energy procurements has been witnessed in recent years. Various government bodies in countries, such as India, have taken the advantage of community choice aggregation (CCA) policies, which permit governments to procure green power resources on behalf of their constituents while retaining their existing electricity providers for transmission and distribution services. However, high cost involved to set up the base for green power restrains the market growth.

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COVID-19 impact
The green power market has low impact of COVID-19 as the sector is less dependent on macro factors such as supply chain or lockdowns. Moreover, the power generation and transmission infrastructure are self-sufficient to continue their working during the pandemic.

This Green Power market report holds answers to some important questions like:

1. What is the size of occupied by the prominent leaders for the forecast period, 2020 - 2026?
2. What are the future prospects for the Green Power industry in the coming years?
3. What are the future prospects of the Green Power industry for the forecast period, 2020 to 2027?
4. Which countries are expected to grow at the fastest rate?
5. Which factors have attributed to an increased sale worldwide?
6. What is the present status of competitive development?
7. What will be the share and the growth rate of the Green Power market during the forecast period?
8. Which trends are likely to contribute to the development rate of the industry during the forecast period, 2020 - 2027?

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