Press release
Green power market was valued at USD 41.1 billion in 2019, and is expected to reach USD 103.5 billion by 2027, registering a CAGR of 12.3% from 2020 to 2027| Valuates Reports.
Green energy technologies use natural sources, such as wind, solar, water, waste, biomass, and geothermal, to transform into usable forms of energy such as electricity and mechanical energy. Green power generation does not leave any residue that causes harm to the environment, and is also known as clean energy.
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Factors contributing to the growth of the green energy market are volatile nature of fossil fuels and rise in stringent government regulations for reduction of greenhouses gas emissions. Moreover, the growing market of electric vehicles also contributes to the green power market growth. However, high cost of green energy infrastructure is anticipated to hamper the market growth during the forecast period. On the contrary, rise in government funding in the green energy sector is expected to offer lucrative growth opportunities.
The green energy market 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. Based on the end-use sector, the market is categorized into transport, industrial, non-combustible, buildings, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players operating in the market are Adani Green Energy Limited, GE Renewable Energy, Green Energy Corp., Iberdrola SA, JinkoSolar Holding Co. Ltd., NextEra Energy, Inc., Orsted A/S, Siemens Gamesa Renewable Energy, Suzlon Energy Limited, and Tata Power. The players in the market have adopted several strategies, such as product launch and business expansion, to sustain the market competition.
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Key benefits for stakeholders
• The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the green power market from 2019 to 2027 to determine the prevailing opportunities.
• The report provides comprehensive analysis of factors that drive and restrict the green power market growth.
• The green power market forecast and estimations are based on factors impacting the market growth in terms of value.
• Profiles of leading players operating in the green power market are provided to understand the global competitive scenario.
• The report provides extensive qualitative insights on significant segments and regions exhibiting the favorable market share.
Green Power Market Segmentation
By Powe Source
• Wind
• Solar
• Low Impact Hydro
• Biomass
• Others
By End-Use Sector
• Transport
• Industrial
• Non-combusted
• Buildings
• Others
By Region
• North America
• Europe
• Asia-Pacific
• LAMEA
Key Players
• Adani Green Energy Limited
• GE Renewable Energy
• Green Energy Corp.
• Iberdrola SA
• JinkoSolar Holding Co. Ltd.
• NextEra Energy, Inc.
• Orsted A/S
• Siemens Gamesa Renewable Energy
• Suzlon Energy Limited
• Tata Power
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