Renewable Energy Market- Massive Margin Growth Strikes Again During 2018 - 2025

The global renewable energy market is expected to be heading toward expansion phase during the forecast period. Factors propelling the market growth include concerns regarding environmental impacts of fossil fuels such as degradation, greenhouse gas emissions (GHG), severe climate change conditions, and others. In addition, rapid urbanization, and economic growth in the developing countries are significant factors driving the renewable energy market.

Renewable energy market accounted for revenue of $928.0 Billion in 2017 and is anticipated to generate $1,512.3 Billion by 2025. The market is projected to grow at a CAGR of 6.1% from 2018 to 2025. Increasing aid from governmental institutions, coupled with favorable policies and regulations has played a pivotal role in renewable energy market growth.

However renewable energy technologies continue to face a number of barriers. The major challenge is mainly economic, the costs comprise infrastructure investment, day-to-day operations, and market costs of supply. On the contrary, regions such as Europe and Asia, are shifting toward electrification of vehicles, wherein China leads the market. This factor is expected to provide lucrative opportunities for the growth of the renewable energy market. Also, favorable government policies and increasing adoption of renewable energy, with the declining price of solar panels and wind turbines and their installation cost, are likely to support the global renewable energy market.

Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/140

The growth of the global renewable energy market is mainly attributed to increased emissions of greenhouse gases (GHGs) paired with the limited presence of fossil fuel on the earth. Further, advancement in technologies and rising government funding in renewable energy sectors are expected to offer new alluring opportunities for the market participant in years to come.

In addition, Europe is also aiming to reduce to greenhouse gas emissions by decreasing its dependency on the fossil fuels. Sweden, Austria, and Germany are some of the countries dominating the Europe renewable energy market. There is significant increase in biofuels production in European countries specifically in Sweden, and Austria due to which bioenergy has dominant share after hydroelectric power in Europe renewable energy market. Most of the bioenergy is produced domestically in Sweden, with a significant contribution being biomass from the forest industry. Moreover, Germany consumes more energy as compared to other countries due to presence of energy intensive industries such as chemical and automobile.

Furthermore, the renewable energy market size is increasing due to rapid urbanization in Asia-Pacific. Presence of countries such as China, India, and Indonesia, in the Asia-Pacific that experience rapid industrialization along with increase in stringent environmental regulations, has fueled the demand for energy as compared to other regions. China has the dominant share in the Asia-Pacific renewable energy market.

Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/140

The renewable energy market analysis covers in-depth information of major industry participants. The key player operating and profiled in the market includes ABB Ltd., General Electric (GE), The Tata Power Company Limited (Tata Power), Innergex, Enel Spa (Enel), Xcel Energy Inc. (Xcel Energy), EDF, Geronimo Energy, Invenergy, and ACCIONA.

Other players in the value chain of the market includes Vestas Wind Systems A/S, UpWind Solutions, Inc., Senvion S.A., and Sinovel Wind Group Co., Ltd. ENERCON GmbH.

Key Findings Of The Study:
• The renewable energy market forecast is studied from 2018 to 2025.
• The Europe renewable energy market is projected to grow at a highest CAGR of nearly 6.7%, in terms of revenue, during the forecast period.
• The solar energy segment is anticipated to witness moderate growth rate of 5.9%, in terms of revenue, during the forecast period.
• Asia-Pacific dominated the market with a revenue share of over 34.3% in 2017.
• The renewable energy market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA.
• The renewable energy market share has been analyzed across all segments along with region.
• A comprehensive analysis of the factors that drive and restrain the renewable energy market growth is provided.
• An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
• The qualitative data in this report aims at the market dynamics, trends, and developments in the renewable energy industry while the quantitative data provides renewable energy market size in terms of revenue and volume.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.