Green Gower Market: Industry Analysis | Forecasted to Soar at 12.3 CAGR by 2027

Green Gower Market: Industry Analysis | Forecasted to Soar at 12.3 CAGR by 2027

The green power market was valued at $41.1 billion in 2019 and is anticipated to generate $103.5 billion by 2027. The market is projected to experience growth at a CAGR of 12.3% from 2020 to 2027.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝘀𝗮𝗺𝗽𝗹𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝘄𝗶𝘁𝗵 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
https://www.alliedmarketresearch.com/request-sample/A07575

Presence of countries, such as China and India, are the major factor that boosts the Asia-Pacific green power market, owing to rise in investment in green power projects. There is significant increase in energy demand due to rapid industrialization and rise in population in countries such as China and India. The buildings and industrial sectors are expected to consume more energy during the forecast period in Asia-Pacific. Furthermore, India has significant growth potential; however, due to its inconsistent policy and business environment the in past, the green power share in the total energy production was less.

The shift in trend toward the use of localized energy procurements has been witnessed in recent years. Various government bodies in countries, such as India, have taken the advantage of community choice aggregation (CCA) policies, which permit governments to procure green power resources on behalf of their constituents while retaining their existing electricity providers for transmission and distribution services. However, high cost involved to set up the base for green power restrains the market growth.

𝗚𝗿𝗲𝗲𝗻 𝗣𝗼𝘄𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀

𝗕𝘆 𝗣𝗼𝘄𝗲𝗿 𝗦𝗼𝘂𝗿𝗰𝗲
Wind
Solar
Low Impact Hydro
Biomass
Others

𝗕𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲 𝗦𝗲𝗰𝘁𝗼𝗿
Transport
Industrial
Non-combusted
Buildings
Others

𝗕𝘂𝘆 𝗡𝗼𝘄 & 𝗚𝗲𝘁 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗢𝗻 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.alliedmarketresearch.com/checkout-final/69a3a57cb638da5b56acd06adf82a331

The global green power industry 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. The wind segment dominated the market in 2019 while the solar segment is expected to grow at a higher CAGR during the forecast period. Based on the end-use sector, the market is categorized into transport, industrial, non-combustible, buildings, and others. The buildings sector dominated the market in 2019; however, the transport sector is expected to grow at faster pace during the forecast period. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the market in 2019 while Asia-Pacific is expected to grow at a higher CAGR, owing to increased government and private investments in the green power market.

𝗜𝗳 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝗮𝗻𝘆 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀, 𝗣𝗹𝗲𝗮𝘀𝗲 𝗳𝗲𝗲𝗹 𝗳𝗿𝗲𝗲 𝘁𝗼 𝗰𝗼𝗻𝘁𝗮𝗰𝘁 𝗼𝘂𝗿 𝗮𝗻𝗮𝗹𝘆𝘀𝘁 𝗮𝘁:
https://www.alliedmarketresearch.com/connect-to-analyst/A07575

𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗦𝘁𝘂𝗱𝘆:

• The green power market size is provided in terms of revenue.
• By region, Asia-Pacific is projected to grow at the highest CAGR of approximately 12.8%, in terms of revenue, during the forecast period.
• By power source, the solar segment is anticipated to grow with CAGR 12.7%, in terms of revenue, during the forecast period.
• By end-use sector, the buildings and industrial dominated the market with a revenue share of over 40.0% and 22.0% in 2019.The report provides a comprehensive analysis of the factors that drive and restrain the green power market growth.
• The qualitative data in this report aims at the market trends, dynamics, and developments in the green power market.
• The green power market forecast and estimations are based on factors impacting the market growth.
Competitive Analysis:

The Green power Energy Industry's key market players adopt various strategies such as product launches, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗹𝗮𝘆𝗲𝗿𝘀:

• JinkoSolar Holding Co. Ltd.
• NextEra Energy, Inc.
• Suzlon Energy Limited
• Tata Power
• Siemens Gamesa Renewable Energy
• GE Renewable Energy
• Adani Green Energy Limited
• Orsted A/S
• Iberdrola SA

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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