Clean Energy Market Share 2020 Industry Size CAGR Value Top Manufacturers Growth Prospects Sales Size and Forecast to 2027

The clean energy market was valued at US$ 479.62 billion in 2019 and is projected to reach US$ 1,229.74 billion by 2027 The clean energy market is expected to grow at a CAGR of 13.0% during the forecast period from 2020 to 2027.

Clean energy is an essential segment in the European Union's (EU) energy system. Demand for clean energy solutions is growing across Europe owing to increasing adoption of technology-based solutions among businesses. The share of clean energy consumption in gross energy consumption rose to 18% in 2018 from 8.5% in 2004. The Europe 2020 strategy targets to lift this share to 20% by 2020 and at least 32% by 2030. The figures are projected by considering the use of all forms of energy across three key sectors heating and cooling, electricity, and transportation. Europe was one of the largest contributors to wind and solar energy in the first half of 2020 globally.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPMC100001358/?utm_source=OpenPR&utm_medium=10188

Clean Energy Market - Company Profiles

• ABB Ltd.
• American Electric Power Company, Inc.
• Berkshire Hathaway Energy
• Électricité de France S.A.
• General Electric Company
• NextEra Energy, Inc.
• Renewable Energy Group, Inc.
• Siemens AG
• Suzlon Energy Limited
• Vestas Wind Systems A/S

The European Union (EU) is trying to make Europe the first climate-neutral continent by 2050. Thus, to meet this target, the European Green Deal emphasizes the offshore clean energy. Front-load investments in offshore clean energy are important in the recovery period of the COVID-19 pandemic, where possible. This is likely to boost sustainable jobs and economic activity, which would contribute to the green recovery, and drive the clean energy market growth. By the end of 2020, the European Commission would put forward a dedicated strategy to ensure that offshore clean energy can help achieve the EU's ambitious energy and climate targets, assessing its potential contribution and proposing ways forward to support the long-term sustainable development of this sector.

US Continues to Dominate North America Clean Energy Market

According to the US Energy Information Administration, clean energy accounted for ~11% of total primary energy consumption in the country and ~17% of the domestic electricity production in 2018. The US's Hydroelectric power is among the largest clean electricity producers; it generated ~6.5% of the nation's total electricity in 2016 and 45.71% of this was generated using clean energy sources. After China, Canada, and Brazil, the US is the fourth-largest hydroelectricity producer across the world.

Have a 15-minute long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well: https://www.theinsightpartners.com/speak-to-analyst/TIPMC100001358/?utm_source=OpenPR&utm_medium=10188

According to Electric Power Annual 2018 capacity projections, the expected changes in energy generating capacity through clean fuel sources would increase to 55,873 GW of capacity coming by the beginning of 2024. By 2024, this would avail a total of 277.77 gigawatts of clean energy, 23.1% increase than that in 2018. In 2023

The report segments the global clean energy market as follows:-

By Type
• Hydro and Ocean Power
• Solar Energy
• Bioenergy
• Geothermal Energy
• Wind Energy

By End User
• Residential
• Commercial
• Industrial

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods@ https://www.theinsightpartners.com/buy/TIPMC100001358/?utm_source=OpenPR&utm_medium=10188

Contact Us:

If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.