Green Power Market to Witness Robust Expansion By 2027 With Prominent Key Players: Orsted A/S, Iberdrola SA

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

The global green power industry is poised for substantial growth, driven by increasing awareness of the detrimental effects of greenhouse gases (GHGs). Furthermore, the significant emissions of carbon dioxide, nitrous oxide, and methane, primarily stemming from outdated fossil fuel-based energy extraction methods, are acting as key drivers of market expansion. Additionally, the depletion of fossil fuel reserves due to their widespread utilization is amplifying the demand for green power solutions, further bolstering industry growth.

The rapid electrification of the transportation and industrial sectors, the expansion of the electrical value chain within the oil and gas industry, and the rising demand for renewable energy sources all play a significant role in the upward trajectory of the green power energy sector. Renewables 2022, the latest annual report from the International Energy Agency (IEA), reveals that global renewable power capacity is projected to experience substantial growth, adding 2,400 gigawatts (GW) between 2022 and 2027. This impressive increase is equivalent to China's entire current power capacity. The report highlights a significant shift in the energy landscape, with renewable energy sources expected to lead the charge in global electricity expansion over the next five years.

By early 2025, renewables are poised to surpass coal as the predominant global electricity source, accounting for over 90% of the expansion. This marks a pivotal moment in the transition towards cleaner and more sustainable energy solutions on a global scale. The significant expansion of renewable power capacity presents abundant investment opportunities in green energy projects, including solar, wind, hydro, and other sustainable sources. Investors, both public and private, are likely to be attracted to these projects, fostering growth in the green power market. These developments have the potential to foster collaborations, paving the way for innovative business models and expediting the transition towards cleaner and more sustainable energy practices, thus providing a significant boost to the green power industry.

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

Green Power Market Segment Insights:

Green Power Market Type Insights
The Green Power Market segmentation, based on Type includes Hydroelectric Power, Wind Power, Bioenergy, Solar Energy, and Geothermal Energy. The hydroelectric power segment dominated the market, accounting for 58% of market revenue (24.53 Billion). Hydroelectric power offers a stable and consistent energy supply. Unlike some other renewable sources like wind or solar, it is not subject to weather-related fluctuations. This reliability makes it appealing for both energy providers and consumers, including industries that require a constant and uninterrupted power supply.

Green Power Market Application Insights
The Green Power Market segmentation, based on Application, includes Electricity Generation, Heating, and Transportation. The transportation segment dominated the market, accounting for 55% of market revenue (23.26 Billion). The development of the electric car charging infrastructure is a key driver in the rise of the green transportation market. As more charging stations become available, it becomes more convenient for consumers to own and operate electric vehicles, alleviating concerns about range anxiety.

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

When electricity is produced with the help of solar, wind, geothermal, bio gas, eligible biomass or hydroelectric sources it is called as green power. Green power is important as it replaces the fossil fuels with environment friendly alternatives that help in reducing the negative effects. The energy produced can be called green which does not cause pollution and not all the sources of renewable energy are green. Green resources help in avoiding the drilling and mining operations that damage the ecosystem.

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.

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:

Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.

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