Press release
Global Renewable Energy market report, size, share, trends and forecast to 2028
Renewable energy comes from natural sources like wind and sunlight. Renewable energy sources include solar, geothermal, wind, bioenergy, hydropower, and ocean power. Renewable energy is currently used in the heating, electricity, cooling, and transportation sectors. Renewable energy is more expensive than fossil fuel energy. The most important factor driving the use of renewable energies is the attribution of global warming due to carbon dioxide (CO2) emissions from the combustion of fossil fuels.
It has been observed that the cost of solar power has decreased by approximately 85% compared to the last decade, and the solar photovoltaic system has become one of the most cost-competitive resources. Solar-storage expansion, floating solar PV models and community solar projects are expected to be major trends in emerging markets. The development of solar energy storage will aid in improving operational efficiencies and controlling costs.
By geography, Asia-Pacific accounted for the highest share and dominated the renewable energy market. The region's rapid industrialization and urbanisation had resulted in a rapid increase in pollution levels. Furthermore, a rapid increase in the population and an increase in residential projects in the region are driving up demand for electricity. Government initiatives are playing an important role in the adoption of renewable energy across a wide range of end-user application and the increased demand for electricity as a result of increased industrialization is attracting a large investment in the deployment of solar energy infrastructure.
Some of the key players profiled in the Renewable Energy Market include General Electric (GE), Tata Power Company Limited, Adani Green Energy Ltd, ABB Ltd., Suzlon Energy, Innergex, Enel Spa (Enel), Xcel Energy Inc, EDF, Geronimo Energy, Invenergy, Jaiprakash Power Ventures Ltd, Indowind Energy Ltd, KPI Green Energy Ltd and Orient Green Power Company Ltd
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By Types:
• Solar Energy
• Geothermal Energy
• Wind Power Energy
• Bioenergy
• Hydroelectric Power
By Applications:
• Residential
• Commercial
• Industrial
• Other Applications
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All the customers of this report will be entitled to receive one of the following free customization options:
● Company Profiling
● Comprehensive profiling of additional market players (up to 3)
● SWOT Analysis of key players (up to 3)
● Regional Segmentation
● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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