Press release
Renewable Energy Surge: Green Power Market Forecast to Hit $103.5 Billion by 2027
Green power refers to electricity generated from renewable energy sources that have a minimal impact on the environment. This includes sources like solar, wind, hydroelectric, geothermal, and biomass. Utilizing green power is crucial in the fight against climate change and for promoting sustainable energy practices.
Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/7940
Asia-Pacific is projected to grow at the highest CAGR of approximately 12.8%, in terms of revenue, during the forecast period.
The key players operating in the global green power industry are Adani Green Energy Limited, GE Renewable Energy, Green Energy Corp., Iberdrola SA, JinkoSolar Holding Co. Ltd., NextEra Energy, Inc., Orsted A/S, Siemens Gamesa Renewable Energy, Suzlon Energy Limited, and Tata Power.
The players in the market have adopted several strategies, such as product launch and business expansion, to sustain the market competition.
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.
Buy This Report (255 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/41tJ1Kr
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.
High cost involved to set up the base for green power restrains the market growth.
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 growing concern toward CO2 emission and net zero goals for 2050 by several countries largely drive the market growth for green power.
High cost involved in the setup and maintenance limit the market growth, thereby restraining further activities. Meanwhile, the growing electronic vehicles market offers opportunities for the market growth.
Get a Customized Research Report: https://www.alliedmarketresearch.com/request-for-customization/A07575
COVID-19 impact
The green power market has low impact of COVID-19 as the sector is less dependent on macro factors such as supply chain or lockdowns.
The power generation and transmission infrastructure are self-sufficient to continue their working during the pandemic.
Trending Reports in Energy and Power Industry:
Renewable Energy Market
https://www.alliedmarketresearch.com/renewable-energy-market
AI in Energy Market
https://www.alliedmarketresearch.com/ai-in-energy-market-A12587
Clean Energy Market
https://www.alliedmarketresearch.com/clean-energy-market-A43785
Green Power Market
https://www.alliedmarketresearch.com/green-power-market-A07575
Alternative Energy Market
https://www.alliedmarketresearch.com/alternative-energy-market-A21107
Solar Farm Market
https://www.alliedmarketresearch.com/solar-farm-market-A10242
Solar Energy Market
https://www.alliedmarketresearch.com/solar-energy-market
Solar Photovoltaic Glass Market
https://www.alliedmarketresearch.com/solar-photovoltaic-glass-market
Solar Energy Storage Market
https://www.alliedmarketresearch.com/solar-energy-storage-market-A17238
Solar Freezer Market
https://www.alliedmarketresearch.com/solar-freezer-market-A11860
Photovoltaic Market
https://www.alliedmarketresearch.com/photovoltaic-market
Solar Photovoltaic (PV) Installations Market
https://www.alliedmarketresearch.com/solar-photovoltaic-PV-installations-market
Rooftop Solar PV Market
https://www.alliedmarketresearch.com/rooftop-solar-pv-market-A124759
Concentrated Solar Power Market
https://www.alliedmarketresearch.com/concentrated-solar-thermal-market
Solar Panel Market
https://www.alliedmarketresearch.com/solar-panel-market
Smart Solar Power Market
https://www.alliedmarketresearch.com/smart-solar-power-market
Solar Cell Market
https://www.alliedmarketresearch.com/solar-cell-market-A08602
Perovskite Solar Cell Market
https://www.alliedmarketresearch.com/perovskite-solar-cell-market-A13745
Solar Tracker Market
https://www.alliedmarketresearch.com/solar-tracker-market
Solar Tracker Installation Market
https://www.alliedmarketresearch.com/solar-tracker-installation-market-A05955
Airport Solar Power Market
https://www.alliedmarketresearch.com/airport-solar-power-market
Solar Concentrator Market
https://www.alliedmarketresearch.com/solar-concentrator-market-A47255
Solar PV Module Market
https://www.alliedmarketresearch.com/solar-pv-module-market-A11702
Solar Cell and Module Market
https://www.alliedmarketresearch.com/solar-cell-and-module-market-A207453
Transparent Solar Cells Market
https://www.alliedmarketresearch.com/transparent-solar-cells-market-A53571
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int'l: +1-503-894-6022Toll Free: +1-800-792-5285Fax: +1-800-792-5285help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Renewable Energy Surge: Green Power Market Forecast to Hit $103.5 Billion by 2027 here
News-ID: 4015099 • Views: …
More Releases from Allied Analytics LLP
Heat Meters Market Set to Grow with Rising Demand for Energy Efficiency
According to a new report published by Allied Market Research, the heat meters market size was valued at $1.6 billion in 2022, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.
A heat meter is a device used to measure and quantify the amount of thermal energy (heat) transferred from a heat source to a system or consumer. It accurately measures…
Heat Pump Market Set for Strong Growth Through 2032
According to a new report published by Allied Market Research, the heat pump market size was valued at $71.2 billion in 2022, and is estimated to reach $201.5 billion by 2032, growing at a CAGR of 11.1% from 2023 to 2032.
A heat pump is a versatile and efficient device that transfers heat from one location to another using a refrigeration cycle. It operates by absorbing heat from a low-temperature source…
Energy Efficient Lighting Market Shines Bright with Strong Growth Outlook
According to a new report published by Allied Market Research, the global energy efficient lighting market was valued at $46.2 billion in 2021 and is projected to reach $93.3 billion by 2030, growing at a robust CAGR of 8.1% from 2022 to 2030. This surge reflects a powerful global movement toward greener, smarter, and more cost-effective lighting technologies.
Energy efficient lighting refers to lighting systems and products that use less electricity…
The Future of Energy: How Fuel Cells Are Reshaping Power Generation
According to a new report published by Allied Market Research, titled, "Fuel Cell Market," The fuel cell market size was valued at $3.6 billion in 2020, and is estimated to reach $32.0 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.
The fuel cell market has emerged as a transformative force in the global energy landscape, offering a clean, efficient, and sustainable alternative to conventional energy sources.…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
