Global Renewable Energy Market Recent Industry Developments And Growth Strategies Adopted By Top Players Worldwide 2021-2025

Dallas, May 25, 2021 (GLOBE NEWSWIRE) — Renewable energy is obtained from naturally occurring and replenished sources such as wind, sunshine, water, and geothermal radiation, among others. This type of energy was once widely used in the rural energy services industry, but due to the rapid depletion of non-renewable energy supplies and the high rate of emissions around the globe, world economies, and the general public is now turning their attention to the renewable energy market. The commercial and private sector’s sudden interest in clean energy for applications such as fluid heating and/or cooling, power generation, and transportation is pushing industry dynamics upwards.

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The market research study examines the increasing functionality of technology linked to renewable energy sources, as well as the effect of their implementation on climate change and the economic well-being of the entire planet. The decline of carbon-based fossil fuel reserves, the resultant increase in manufacturing rates, and environmental issues can be seen pushing the renewable energy market share upwards in the coming years. The COVID-19 pandemic carried with it a slew of new problems for this industry. The supply chain disturbances that accompanied the global lockdowns set off a chain reaction of problems for this industry.

Renewable Energy Market Leading Players –

Suzlon Energy Limited
ABB Ltd.
The Tata Power Company Limited (Tata Power)
Xcel Energy Inc. (Xcel Energy)
Innergex
Enel Green Powe
Avangrid Inc.
Electricite de France SA
Enercon
Calpine Corporation
NextEra Energy Inc.
Invenergy
ACCIONA
Orsted A/S
Vestas Wind Systems A/S
General Electric Company
SEAS-NVE AmBA
Berkshire Hathaway Energy Co.
Siemens AG
EDF

Because of the high emissions of many greenhouse gases, especially CO2, generated by the use of fossil fuels for energy production, the global demand for renewable energy is expected to rise at a healthy rate. However, Renewable electricity production necessitates a significant expenditure. Hence, this trend is projected to restrict the global industry expansion during the predicted timeframe. Furthermore, in the Middle East, fossil fuels are mostly utilized to generate electricity as they are less expensive than in other countries. The industry growth is hindered as a result of this. Continuous technological advancements and expanded government investment in the clean energy market would provide attractive development prospects over the evaluation era.

Renewable Energy Market Breakdown by Type

Water (hydropower and hydrokinetic)
Wind
Solar (power and hot water)
Biomass (biofuel and biopower)
Geothermal (power and heating)

Renewable Energy Market Breakdown by Application

Residential
Commercial
Industrial
Others

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The European Union’s futuristic proposals provide significant prospects for the clean energy industry. By 2050, the EU hopes to have made Europe a climate-neutral continent. The European Green Deal, among other items, stresses the importance of achieving offshore renewable energy to achieve this aim. This futuristic strategy has sparked action in other major economies, and proposals are being made all over the world to make the world a safer, greener place. This rise in demand, as well as the resulting increase in spending, would bring the desired prospects pouring into the clean energy industry, boosting its appeal.

Renewable Energy Market Table of Content

1 Renewable Energy Market – Research Scope

1.1 Study Goals

1.2 Market Definition and Scope

1.3 Key Market Segments

1.4 Study and Forecasting Years

2 Renewable Energy Market – Research Methodology

2.1 Methodology

2.2 Research Data Source

2.2.1 Secondary Data

2.2.2 Primary Data

2.2.3 Market Size Estimation

2.2.4 Legal Disclaimer

3 Renewable Energy Market Forces

3.1 Global Renewable Energy Market Size

3.2 Top Impacting Factors (PESTEL Analysis)

3.2.1 Political Factors

3.2.2 Economic Factors

3.2.3 Social Factors

3.2.4 Technological Factors

3.2.5 Environmental Factors

3.2.6 Legal Factors

3.3 Industry Trend Analysis

3.4 Industry Trends Under COVID-19

3.4.1 Risk Assessment on COVID-19

3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry

3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario

3.5 Industry Risk Assessment

4 Renewable Energy Market – By Geography

4.1 Global Renewable Energy Market Value and Market Share by Regions

4.1.1 Global Renewable Energy Value ($) by Region (2015-2020)

4.1.2 Global Renewable Energy Value Market Share by Regions (2015-2020)

4.2 Global Renewable Energy Market Production and Market Share by Major Countries

4.2.1 Global Renewable Energy Production by Major Countries (2015-2020)

4.2.2 Global Renewable Energy Production Market Share by Major Countries (2015-2020)

4.3 Global Renewable Energy Market Consumption and Market Share by Regions

4.3.1 Global Renewable Energy Consumption by Regions (2015-2020)

4.3.2 Global Renewable Energy Consumption Market Share by Regions (2015-2020)

5 Renewable Energy Market – By Trade Statistics

5.1 Global Renewable Energy Export and Import

5.2 United States Renewable Energy Export and Import (2015-2020)

5.3 Europe Renewable Energy Export and Import (2015-2020)

5.4 China Renewable Energy Export and Import (2015-2020)

5.5 Japan Renewable Energy Export and Import (2015-2020)

5.6 India Renewable Energy Export and Import (2015-2020)…..Continued

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