Renewable Energy Market Research Report: Growth Insights and Key Players (2024-2031) | Acciona Energia, EDF Renewables, Vestas, Ørsted A/S, First Solar, Adani Green Energy

The Renewable Energy Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Renewable Energy market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The Global Renewable Energy Market reached USD 1.1 trillion in 2022 and is expected to reach USD 2.0 trillion by 2031, growing with a CAGR of 8.4% during the forecast period 2024-2031

Renewable energy refers to energy generated from natural resources that are replenished on a human timescale, such as sunlight, wind, water, and biomass. Unlike fossil fuels, renewable energy sources produce minimal greenhouse gas emissions, making them a sustainable and environmentally friendly solution. Common forms include solar power, wind turbines, hydropower, geothermal energy, and bioenergy. The adoption of renewable energy is critical for reducing carbon footprints, combating climate change, and transitioning to a cleaner and more sustainable energy future.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as:

Tata Power, Duke Energy Corporation, Iberdrola, S.A. and NextEra Energy, Inc.

Key Developments:

❁ In May 2023, ONGC, India's state-owned oil and gas company, committed USD 12 billion to renewable energy projects, aiming to achieve 10 GW of renewable energy generation capacity by 2030.

❁ As of May 2023, China's installed wind and solar energy capacity reached an impressive 820 GW, representing approximately 31% of the nation's total installed power generation capacity, according to government data.

❁ In May 2023, Germany launched a tender for the construction of ground-mounted solar energy plants with a combined capacity of 1.6 GW, as part of its broader plan to achieve 5.8 GW of new solar capacity in 2023.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Renewable Energy market has been segmented :

By Type: Hydroelectric Energy, Solar Energy Solar Panel, Solar Photovoltaic Glass, Thin Film Solar Cell, Others, Wind EnergyOn-shore, Off-shore, Geothermal Energy, Bioenergy, Others

By End-User: Commercial, Residential, Industrial

Research Process

Both primary and secondary data sources have been used in the global Renewable Energy Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Renewable Energy Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Renewable Energy market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Renewable Energy Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Renewable Energy market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Renewable Energy Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Renewable Energy market?

➠ Who are the global key manufacturers of the Renewable Energy Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Renewable Energy market opportunities and threats faced by the vendors in the global Renewable Energy Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Renewable Energy market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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