Press release
Green Power Market Size 2023 | Industry Analysis, Share, Trends and Forecast Till 2028
According to IMARC Group's latest report, titled "๐๐ซ๐๐๐ง ๐๐จ๐ฐ๐๐ซ ๐๐๐ซ๐ค๐๐ญ: ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐, ๐ฆ๐ต๐ฎ๐ฟ๐ฒ, ๐ฆ๐ถ๐๐ฒ, ๐๐ฟ๐ผ๐๐๐ต, ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ 2023-2028", the green power market reached US$ 59.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 96.7 Billion by 2028, exhibiting a CAGR of 11.56% during 2023-2028.Green power refers to the electrical energy generated from environment-friendly and renewable sources, such as wind, solar, geothermal, low-impact biomass, and hydropower. Its production does not release toxic greenhouse gases into the atmosphere, resulting in no or minimal environmental impact. Green power replaces the adverse effects of fossil fuels with more environmentally friendly alternatives as it is derived from natural resources. In addition, this electrical energy aids in offsetting the emissions of nitrogen dioxide, oxide, and sulfur dioxide, which causes less damage to the surroundings and human health compared to their conventional counterparts.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ณ๐ฟ๐ฒ๐ฒ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฏ๐ฟ๐ผ๐ฐ๐ต๐๐ฟ๐ฒ: https://www.imarcgroup.com/green-power-market/requestsample
๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐๐๐ง ๐๐จ๐ฐ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
The rising global population and the emerging trend of urbanization are leading to the high need for electricity generation, which are among the primary factors driving the green power market. Besides this, the increasing construction of residential and commercial buildings and the growing awareness in individuals toward the health and environmental benefits of this electrical energy are further augmenting the market growth. Moreover, the escalating demand for naturally replenished green power sources, owing to the shifting consumer preference towards electric vehicles (EVs) that eliminate tailpipe emissions, minimize dependence on fossil fuels, enhance community health, safeguard energy security, and improve employment and upskilling, is also catalyzing the global market.
Apart from this, the immediate electrification of the transportation and industrial sectors and the expanding electrical value chain in the oil and gas industry are acting as significant growth-inducing factors. Additionally, the faster transition of power, on account of the various innovations and advancements in electrical energy, is further augmenting the market growth. Furthermore, the launch of several policies by the government bodies to install renewable energy sources and organize awareness campaigns to educate individuals about the availability of environmentally friendly sources is expected to bolster the green power market in the coming years.
๐๐ต๐ฒ๐ฐ๐ธ๐ผ๐๐ ๐ก๐ผ๐: https://www.imarcgroup.com/checkout?id=6131&method=1
๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐๐๐ง ๐๐จ๐ฐ๐๐ซ ๐๐๐ซ๐ค๐๐ญ 2023-2028 ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
The competitive landscape of the green power market has been studied in the report with the detailed profiles of the key players operating in the market.
๐ฆ๐ผ๐บ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ๐๐ฒ ๐ธ๐ฒ๐ ๐ฝ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ:
ABB Ltd., Acciona S.A., Adani Green Energy Limited (Adani Group), รlectricitรฉ de France S.A., GE Renewable Energy (General Electric Company), Iberdrola S.A., Innergex Renewable Energy (Hydro-Quรฉbec), Invenergy LLC, NextEra Energy Inc., Orsted AS, Siemens Energy AG, Suzlon Energy Limited and Tata Power Company Limited.
๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป:
The report has segmented the green power market bases on power source and end use sector.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐จ๐ฐ๐๐ซ ๐๐จ๐ฎ๐ซ๐๐:
Wind
Solar
Low Impact Hydro
Biomass
Others
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ง๐ ๐๐ฌ๐ ๐๐๐๐ญ๐จ๐ซ:
Transport
Industrial
Non-combusted
Buildings
Others
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
๐๐๐ธ ๐๐ป๐ฎ๐น๐๐๐ ๐ณ๐ผ๐ฟ ๐ญ๐ฌ% ๐ณ๐ฟ๐ฒ๐ฒ ๐ฐ๐๐๐๐ผ๐บ๐ถ๐๐ฒ๐ฑ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/green-power-market
๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐ญ๐ก๐๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ-
Global Cancer Vaccines Market Report- https://www.openpr.com/news/3000464/cancer-vaccines-market-worth-us-10-72-billion-by-2027-cagr
Global Solid State Transformer Market Report- https://www.openpr.com/news/2998845/solid-state-transformer-market-to-have-us-430-2-million-size
Global Managed Services Market Report- https://www.abnewswire.com/pressreleases/global-managed-services-market-trends-2023-industry-size-share-demand-growth-and-research-report-2028_645396.html
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐ฆ:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 |
Europe & Africa: +44-753-713-2163 |
Asia: +91-120-433-0800
๐๐ฏ๐ผ๐๐ ๐จ๐:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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