Renewable Energy Market Dynamics 2021-2031
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 FRAMEWORKThe 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.
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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.
- 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 Renewable Energy Market - By Energy Source
1.3.2 Renewable Energy Market - By End user
1.3.3 Renewable Energy Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. RENEWABLE ENERGY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.3.1 North America - Pest Analysis
4.3.2 Europe - Pest Analysis
4.3.3 Asia-Pacific - Pest Analysis
4.3.4 Middle East and Africa - Pest Analysis
4.3.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
5. RENEWABLE ENERGY 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. RENEWABLE ENERGY MARKET - GLOBAL MARKET ANALYSIS
6.1. RENEWABLE ENERGY - GLOBAL MARKET OVERVIEW
6.2. RENEWABLE ENERGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RENEWABLE ENERGY MARKET - REVENUE AND FORECASTS TO 2028 - ENERGY SOURCE
7.1. OVERVIEW
7.2. ENERGY SOURCE MARKET FORECASTS AND ANALYSIS
7.3. HYDRO
7.3.1. Overview
7.3.2. Hydro Market Forecast and Analysis
7.4. WIND
7.4.1. Overview
7.4.2. Wind Market Forecast and Analysis
7.5. SOLAR
7.5.1. Overview
7.5.2. Solar Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. RENEWABLE ENERGY MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
9. RENEWABLE ENERGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Renewable Energy Market Overview
9.1.2 North America Renewable Energy Market Forecasts and Analysis
9.1.3 North America Market Forecasts and Analysis - By Energy Source
9.1.4 North America Market Forecasts and Analysis - By End user
9.1.5 North America Market Forecasts and Analysis - By Countries
9.1.5.1 United States Market
9.1.5.1.1 United States Market by Energy Source
9.1.5.1.2 United States Market by End user
9.1.5.2 Canada Market
9.1.5.2.1 Canada Market by Energy Source
9.1.5.2.2 Canada Market by End user
9.1.5.3 Mexico Market
9.1.5.3.1 Mexico Market by Energy Source
9.1.5.3.2 Mexico Market by End user
9.2. EUROPE
9.2.1 Europe Renewable Energy Market Overview
9.2.2 Europe Renewable Energy Market Forecasts and Analysis
9.2.3 Europe Market Forecasts and Analysis - By Energy Source
9.2.4 Europe Market Forecasts and Analysis - By End user
9.2.5 Europe Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Market
9.2.5.1.1 Germany Market by Energy Source
9.2.5.1.2 Germany Market by End user
9.2.5.2 France Market
9.2.5.2.1 France Market by Energy Source
9.2.5.2.2 France Market by End user
9.2.5.3 Italy Market
9.2.5.3.1 Italy Market by Energy Source
9.2.5.3.2 Italy Market by End user
9.2.5.4 Spain Market
9.2.5.4.1 Spain Market by Energy Source
9.2.5.4.2 Spain Market by End user
9.2.5.5 United Kingdom Market
9.2.5.5.1 United Kingdom Market by Energy Source
9.2.5.5.2 United Kingdom Market by End user
9.2.5.6 Russia Market
9.2.5.6.1 Russia Market by Energy Source
9.2.5.6.2 Russia Market by End user
9.2.5.7 Rest of Europe Market
9.2.5.7.1 Rest of Europe Market by Energy Source
9.2.5.7.2 Rest of Europe Market by End user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Renewable Energy Market Overview
9.3.2 Asia-Pacific Renewable Energy Market Forecasts and Analysis
9.3.3 Asia-Pacific Market Forecasts and Analysis - By Energy Source
9.3.4 Asia-Pacific Market Forecasts and Analysis - By End user
9.3.5 Asia-Pacific Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Market
9.3.5.1.1 Australia Market by Energy Source
9.3.5.1.2 Australia Market by End user
9.3.5.2 China Market
9.3.5.2.1 China Market by Energy Source
9.3.5.2.2 China Market by End user
9.3.5.3 India Market
9.3.5.3.1 India Market by Energy Source
9.3.5.3.2 India Market by End user
9.3.5.4 Japan Market
9.3.5.4.1 Japan Market by Energy Source
9.3.5.4.2 Japan Market by End user
9.3.5.5 South Korea Market
9.3.5.5.1 South Korea Market by Energy Source
9.3.5.5.2 South Korea Market by End user
9.3.5.6 Rest of Asia-Pacific Market
9.3.5.6.1 Rest of Asia-Pacific Market by Energy Source
9.3.5.6.2 Rest of Asia-Pacific Market by End user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Renewable Energy Market Overview
9.4.2 Middle East and Africa Renewable Energy Market Forecasts and Analysis
9.4.3 Middle East and Africa Market Forecasts and Analysis - By Energy Source
9.4.4 Middle East and Africa Market Forecasts and Analysis - By End user
9.4.5 Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Market
9.4.5.1.1 South Africa Market by Energy Source
9.4.5.1.2 South Africa Market by End user
9.4.5.2 Saudi Arabia Market
9.4.5.2.1 Saudi Arabia Market by Energy Source
9.4.5.2.2 Saudi Arabia Market by End user
9.4.5.3 U.A.E Market
9.4.5.3.1 U.A.E Market by Energy Source
9.4.5.3.2 U.A.E Market by End user
9.4.5.4 Rest of Middle East and Africa Market
9.4.5.4.1 Rest of Middle East and Africa Market by Energy Source
9.4.5.4.2 Rest of Middle East and Africa Market by End user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Renewable Energy Market Overview
9.5.2 South and Central America Renewable Energy Market Forecasts and Analysis
9.5.3 South and Central America Market Forecasts and Analysis - By Energy Source
9.5.4 South and Central America Market Forecasts and Analysis - By End user
9.5.5 South and Central America Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Market
9.5.5.1.1 Brazil Market by Energy Source
9.5.5.1.2 Brazil Market by End user
9.5.5.2 Argentina Market
9.5.5.2.1 Argentina Market by Energy Source
9.5.5.2.2 Argentina Market by End user
9.5.5.3 Rest of SAM Market
9.5.5.3.1 Rest of SAM Market by Energy Source
9.5.5.3.2 Rest of SAM Market by End user
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. RENEWABLE ENERGY MARKET, KEY COMPANY PROFILES
11.1. ABB LTD.
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. ALSTOM SA
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. CPFL ENERGIA SA
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. ENEL GREEN POWER SPA
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. GENERAL ELECTRIC
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. IHI CORPORATION
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. MITSUBISHI HEAVY INDUSTRIES LTD.
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. SHENZHEN ENERGY GROUP CO., LTD.
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 COMPANY LIMITED
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. TERRA-GEN, LLC
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. ABB LTD.
2. ALSTOM SA
3. CPFL ENERGIA S.A.
4. ENEL GREEN POWER S.P.A.
5. GENERAL ELECTRIC (GE POWER)
6. IHI CORPORATION
7. MITSUBISHI HEAVY INDUSTRIES, LTD.
8. SHENZHEN ENERGY GROUP CO., LTD.
9. TATA POWER COMPANY LIMITED
10. TERRA-GEN, LLC
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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