Green Power Market Strategies and Share 2031
Green power- is a subset of renewable energy. It represents those renewable energy resources and technologies that provide the greatest environmental benefit. There are numerous factors contributing to the growth of the green energy market such as rise in industries in developing economies, increase in stringent government regulations toward greenhouse gas emissions across the globe, and surge in favorable policies in developed and developing economies for the green power sector. Countries, including India possess significant growth potential; however, due to inconsistent policy and business environment, the market is growing at a moderate rate.
MARKET SCOPE
The "Global Green Power Market Analysis to 2031" is a specialized and in-depth study of the clean energy with a special focus on the global market trend analysis. The report aims to provide an overview of the green power market with detailed market segmentation by power source, end-use industry and geography. The report provides key statistics on the market status of the leading green power market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of power source the market is segmented into wind, solar, low impact hydro, biomass, and others
- On the basis end-use industry, the market is segmented as transport, industrial, non-combustible, buildings, and others
MARKET DYNAMICS
Drivers:
- Favourable government policies for mitigating greenhouse gas emissions
- Growth in industrialization from developing economies
- High cost and poor performance of biodegradable engine oil restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The green power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the green power market in these regions.
IMPACT OF COVID-19 ON GREEN POWER MARKET
The emergence of the COVID-19 has severely impacted the renewable industries, which resulted decline in the green power market in the year 2021. The pandemic severely impacted the wind turbine manufacturing in countries such as China and Germany. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted distributed energy resource management system solutions in the short term. The limited availability of spares and manpower for maintenance due to the pandemic is a major problem that affects the market growth. During high wind season, planned maintenance has become a major issue for industry players, owing to reduced labor force and social distancing norms. Furthermore, project delays and and cancellation of orders has affected the key markets for both blade production and wind turbine installations. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The green power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the green power market in these regions.
IMPACT OF COVID-19 ON GREEN POWER MARKET
The emergence of the COVID-19 has severely impacted the renewable industries, which resulted decline in the green power market in the year 2021. The pandemic severely impacted the wind turbine manufacturing in countries such as China and Germany. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted distributed energy resource management system solutions in the short term. The limited availability of spares and manpower for maintenance due to the pandemic is a major problem that affects the market growth. During high wind season, planned maintenance has become a major issue for industry players, owing to reduced labor force and social distancing norms. Furthermore, project delays and and cancellation of orders has affected the key markets for both blade production and wind turbine installations. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period.
MARKET PLAYERS
The report covers key developments in the green power market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources 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 the expansion of business and customer base of market players. The market players in the green power market are anticipated to provide lucrative growth opportunities in the future owing favourable government regulations for mitigating carbon emissions.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the green power market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adani Group
- GENERAL ELECTRIC
- Iberdrola, S.A.
- Jinko Solar
- NextEra Energy, Inc.
- Ørsted A/S
- Siemens Gamesa Renewable Energy, S.A.
- Suzlon Energy Limited
- Tata Power
- Enel Spa
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Green Power Market - By Power Source
1.3.2 Green Power Market - By End-Use Industry
1.3.3 Green Power Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GREEN POWER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GREEN POWER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GREEN POWER MARKET - GLOBAL MARKET ANALYSIS
6.1. GREEN POWER - GLOBAL MARKET OVERVIEW
6.2. GREEN POWER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. GREEN POWER MARKET - REVENUE AND FORECASTS TO 2028 - POWER SOURCE
7.1. OVERVIEW
7.2. POWER SOURCE MARKET FORECASTS AND ANALYSIS
7.3. WIND
7.3.1. Overview
7.3.2. Wind Market Forecast and Analysis
7.4. SOLAR
7.4.1. Overview
7.4.2. Solar Market Forecast and Analysis
7.5. LOW IMPACT HYDRO
7.5.1. Overview
7.5.2. Low Impact Hydro Market Forecast and Analysis
7.6. BIOMASS
7.6.1. Overview
7.6.2. Biomass Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. GREEN POWER MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. TRANSPORT
8.3.1. Overview
8.3.2. Transport Market Forecast and Analysis
8.4. INDUSTRIAL
8.4.1. Overview
8.4.2. Industrial Market Forecast and Analysis
8.5. NON-COMBUSTIBLE
8.5.1. Overview
8.5.2. Non-Combustible Market Forecast and Analysis
8.6. BUILDINGS
8.6.1. Overview
8.6.2. Buildings Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. GREEN POWER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Green Power Market Overview
9.1.2 North America Green Power Market Forecasts and Analysis
9.1.3 North America Green Power Market Forecasts and Analysis - By Power Source
9.1.4 North America Green Power Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Green Power Market Forecasts and Analysis - By Countries
9.1.5.1 United States Green Power Market
9.1.5.1.1 United States Green Power Market by Power Source
9.1.5.1.2 United States Green Power Market by End-Use Industry
9.1.5.2 Canada Green Power Market
9.1.5.2.1 Canada Green Power Market by Power Source
9.1.5.2.2 Canada Green Power Market by End-Use Industry
9.1.5.3 Mexico Green Power Market
9.1.5.3.1 Mexico Green Power Market by Power Source
9.1.5.3.2 Mexico Green Power Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Green Power Market Overview
9.2.2 Europe Green Power Market Forecasts and Analysis
9.2.3 Europe Green Power Market Forecasts and Analysis - By Power Source
9.2.4 Europe Green Power Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Green Power Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Green Power Market
9.2.5.1.1 Germany Green Power Market by Power Source
9.2.5.1.2 Germany Green Power Market by End-Use Industry
9.2.5.2 France Green Power Market
9.2.5.2.1 France Green Power Market by Power Source
9.2.5.2.2 France Green Power Market by End-Use Industry
9.2.5.3 Italy Green Power Market
9.2.5.3.1 Italy Green Power Market by Power Source
9.2.5.3.2 Italy Green Power Market by End-Use Industry
9.2.5.4 United Kingdom Green Power Market
9.2.5.4.1 United Kingdom Green Power Market by Power Source
9.2.5.4.2 United Kingdom Green Power Market by End-Use Industry
9.2.5.5 Russia Green Power Market
9.2.5.5.1 Russia Green Power Market by Power Source
9.2.5.5.2 Russia Green Power Market by End-Use Industry
9.2.5.6 Rest of Europe Green Power Market
9.2.5.6.1 Rest of Europe Green Power Market by Power Source
9.2.5.6.2 Rest of Europe Green Power Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Green Power Market Overview
9.3.2 Asia-Pacific Green Power Market Forecasts and Analysis
9.3.3 Asia-Pacific Green Power Market Forecasts and Analysis - By Power Source
9.3.4 Asia-Pacific Green Power Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Green Power Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Green Power Market
9.3.5.1.1 Australia Green Power Market by Power Source
9.3.5.1.2 Australia Green Power Market by End-Use Industry
9.3.5.2 China Green Power Market
9.3.5.2.1 China Green Power Market by Power Source
9.3.5.2.2 China Green Power Market by End-Use Industry
9.3.5.3 India Green Power Market
9.3.5.3.1 India Green Power Market by Power Source
9.3.5.3.2 India Green Power Market by End-Use Industry
9.3.5.4 Japan Green Power Market
9.3.5.4.1 Japan Green Power Market by Power Source
9.3.5.4.2 Japan Green Power Market by End-Use Industry
9.3.5.5 South Korea Green Power Market
9.3.5.5.1 South Korea Green Power Market by Power Source
9.3.5.5.2 South Korea Green Power Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Green Power Market
9.3.5.6.1 Rest of Asia-Pacific Green Power Market by Power Source
9.3.5.6.2 Rest of Asia-Pacific Green Power Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Green Power Market Overview
9.4.2 Middle East and Africa Green Power Market Forecasts and Analysis
9.4.3 Middle East and Africa Green Power Market Forecasts and Analysis - By Power Source
9.4.4 Middle East and Africa Green Power Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Green Power Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Green Power Market
9.4.5.1.1 South Africa Green Power Market by Power Source
9.4.5.1.2 South Africa Green Power Market by End-Use Industry
9.4.5.2 Saudi Arabia Green Power Market
9.4.5.2.1 Saudi Arabia Green Power Market by Power Source
9.4.5.2.2 Saudi Arabia Green Power Market by End-Use Industry
9.4.5.3 U.A.E Green Power Market
9.4.5.3.1 U.A.E Green Power Market by Power Source
9.4.5.3.2 U.A.E Green Power Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Green Power Market
9.4.5.4.1 Rest of Middle East and Africa Green Power Market by Power Source
9.4.5.4.2 Rest of Middle East and Africa Green Power Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Green Power Market Overview
9.5.2 South and Central America Green Power Market Forecasts and Analysis
9.5.3 South and Central America Green Power Market Forecasts and Analysis - By Power Source
9.5.4 South and Central America Green Power Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Green Power Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Green Power Market
9.5.5.1.1 Brazil Green Power Market by Power Source
9.5.5.1.2 Brazil Green Power Market by End-Use Industry
9.5.5.2 Argentina Green Power Market
9.5.5.2.1 Argentina Green Power Market by Power Source
9.5.5.2.2 Argentina Green Power Market by End-Use Industry
9.5.5.3 Rest of South and Central America Green Power Market
9.5.5.3.1 Rest of South and Central America Green Power Market by Power Source
9.5.5.3.2 Rest of South and Central America Green Power Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GREEN POWER MARKET, KEY COMPANY PROFILES
11.1. ADANI GROUP
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GENERAL ELECTRIC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. IBERDROLA, S.A.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JINKO SOLAR
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NEXTERA ENERGY, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ØRSTED A/S
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SIEMENS GAMESA RENEWABLE ENERGY, S.A.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SUZLON ENERGY LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TATA POWER
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ENEL SPA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Adani Group
2.GENERAL ELECTRIC
3.Iberdrola, S.A.
4.Jinko Solar
5.NextEra Energy, Inc.
6.Ørsted A/S
7.Siemens Gamesa Renewable Energy, S.A.
8.Suzlon Energy Limited
9.Tata Power
10.Enel Spa
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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