Renewable Energy Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The energy generation from renewable sources has gained significant traction especially among developed regions in minimizing carbon footprint and supporting sustainable development. Further, the freely available energy source coupled with large scale availability has enabled large scale commercialization through government support, incentives, and initiatives among other benefits. Moreover, through continuous advancement in technologies has facilitated in improved efficiencies in power generation through renewable sources.

MARKET DYNAMICS

Factors such as growing awareness towards greenhouse gases, increase in global warming has shifted focus towards power generation from renewable sources in the past few years. Moreover, the stringent government norms coupled with added incentives, tax benefits and subsidiaries for adoption of renewable energy sources has also facilitated the growth of the market especially in the developed regions. Also, the growing emphasis towards sustainable development through adoption of renewable energy sources and reducing carbon footprint is also anticipated to boost the market growth in the coming years. Thus, providing substantial lucrative business opportunities for the market players in the forecast period.

MARKET SCOPE

The "Global Renewable Energy Market Analysis to 2031" is a specialized and in-depth study of the construction & manufacturing industry with a special focus on the global market trend analysis. The report aims to provide an overview of renewable energy market with detailed market segmentation by energy source, end-users, and geography. The global Renewable Energy market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Renewable Energy market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global renewable energy market is segmented on the basis of energy source, and end-user. Based on energy source, the market is segmented into hydro, solar, wind, and others. Moreover, by end-user the market is broadly classified into residential, commercial, and industrial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global renewable energy market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The renewable energy market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting renewable energy market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the renewable energy market in these regions.

MARKET PLAYERS

The reports cover key developments in the renewable energy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from renewable energy market are anticipated to lucrative growth opportunities in the future with the rising demand for renewable energy in the global market. Below mentioned is the list of few companies engaged in the renewable energy market.

The report also includes the profiles of key renewable energy companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• ABB LTD.
• ALSTOM SA
• CPFL ENERGIA S.A.
• ENEL GREEN POWER S.P.A.
• GENERAL ELECTRIC (GE POWER)
• IHI CORPORATION
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• SHENZHEN ENERGY GROUP CO., LTD.
• TATA POWER COMPANY LIMITED
• TERRA-GEN, LLC

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Renewable Energy Report Scope