Renewable Energy Market Key Trends, Manufacturers in Globe, Benefits, Opportunities to 2027

Market Research Future published a research report on “Renewable Energy Market - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Renewable Energy Market-Overview

Global Renewable Energy Market Poised to Grow at 8.53% During 2019 to 2027 

The global renewable energy market will demonstrate a CAGR of 8.53% during 2019 to 2027, asserts Market Research Future (MRFR) in its latest report. It is projected that the market will reach a valuation in excess of USD 2,900 Bn towards the end of the forecast period. Renewable energy continues to gain traction all around the world. For many years now, renewable energy has been the only pertinent solution to the issues of global warming and CO2 emission. Currently, hydropower, wind and solar make up for most sources of renewable energy. 

Over the year, renewable energy application has become more dynamic and conceivable owing to technological advancement. Governments across the global are making effort to reduce dependency on traditional power sources (fossil fuels) and shift to alternation that ensure long suitability. Carbon emissions is a major issue for the world, which is resulting in a growing urgency to shift to clean technologies for meeting power requirements. Market for renewable energy is expected fast in emerging economies owing growing need for power. Such factors are proving an impetus to the global Renewable Energy Market. 

Competitive Analysis 

Siemens AG, General Electric, SynTech Bioenergy LLC., Ocean Power Technologies, Inc., NextEra Energy, Inc., Vestas Wind Systems A/S, On Power, Canadian Solar Inc., Ørsted A/S, Tocardo BV, Yingli Solar and Enel Spa are of the leading companies functioning in the global renewable energy market. 

Free Sample Report+All Related Graphs And Char @ https://www.marketresearchfuture.com/sample_request/1515

Segmental Overview 

The segmental analysis of the global renewable energy market has been conducted on the basis of end-use, and type 

Based on end-use, the market has been segmented into commercial, residential and industrial. The sub-segments of the industrial segment include iron & steel, power, oil & gas, chemicals & petrochemicals, automotive, food & beverage and others. Among these, the chemicals and petrochemicals sub-segment currently accounts for a relatively higher market share. During the assessment, the segment is expected to remain highly attractive. Demand for renewable energy in the chemical and petrochemical sector has surged significantly in recent years and the trend is likely to continue throughout the assessment period. Moreover, elements such as cost-benefits and environmental viability also play in. 

Based on end-user, the market has been segmented into bioenergy, energy, hydropower, ocean energy, solar energy and geothermal energy. The hydropower segment commands for a sizeable share of the market and is projected to witness a healthy growth over the next several years. It is projected that the hydropower segment will post 11.2% CAGR during the forecast period. The wind energy segment is expected to retain its second spot over 2027. The segment represented a valuation of USD 262.4 Bn and is likely to grow at an impressive pace during the projection period.

APAC to Dominate the Global Renewable Energy Market over 2017 

On the basis of region, the global renewable energy market has been segmented into five key regions, namely Latin America, North America, Europe, Asia Pacific (APAC) and the Middle East & Africa (MAE). APAC holds a dominant position in the global renewable energy market. In 2018, the APAC renewable energy market surpassed a valuation of USD 480.5 Mn and projected to capture a strong CAGR of 8.90% between 2019 and 2027. Demand for energy in on the rise in countries such as India and China. Renewable energy represents a major chuck of share in total energy produced. Increased focus on rural development, rapid urbanization and expansion cities are some of factors linked with the growing requirement of electric. In developing countries in APAC, there is a stark contrast in electricity supply and demand, which maximum countries falling short of what is required. Hence, there is a vast untapped market for renewable energy in the region. 

Visit Report For more Information@ https://www.marketresearchfuture.com/reports/renewable-energy-market-1515 

Table of Contents:

  1. Renewable Energy Market Overview
  2. Manufacturers Profiles 
  3. Sales, Revenue and Market Share By Manufacturer 
  4. Global Renewable Energy Market Analysis By Regions 
  5. North America By County 
  6. Europe By County 
  7. Asia-Pacific By Regions 
  8.  South America By County 
  9. Middle East And Africa By Countries
  10. Market Segment by Type 
  11. Global Renewable Energy Market Segment by Application 
  12. Market Forecast 
  13. Sales Channel, Distributors, Traders and Dealers
  14. Research Findings and Conclusion 
  15. Appendix

Get More Updates : https://www.linkedin.com/showcase/ict-mrfr/ 

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Articulated Robot Market Segments Analysis and Opportunities 2027

  Market Research Future published a research report on “Articulated Robot Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. The articulated robot market is garnering substantial traction worldwide. The market growth attributes to the advantages of articulated robots helping to reduce the overall production cost. Due to the scalable flexibility, it is easier to do process changeovers with articulated robots. Moreover, the rising adoption of articulated robots in small and medium enterprises escalates market growth. According to Market Research Future (MRFR), the global articulated robot market valuation is projected to grow at an impressive CAGR throughout the review period (2018 – 2023). The pandemic is accelerating the digital transformation, promoting social distancing. Wherever the epidemic is impacting automation, distinct technology areas, ranging from 5G, cloud/edge, and artificial intelligence to articula
Read more

Drilling Waste Management Market Trends, Growth, Analysis and Forecast 2023

Market Research Future published a research report on “Global Drilling Waste Management Market Research Report: Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2023. Market Scope Market Research Future (MRFR) expects the drilling waste management market 2020 to record a growth rate of 5.64% between 2017 and 2023 (assessment period). We will provide covid-19 impact analysis with the report. Primary Drivers and Main Challenges  The impact analysis on COVID-19 has been carried out by MRFR, which reveals that the oil and gas industry can be profoundly affected by the plummeting demand and the crashing prices of power around the world. Taking into account the long-term impact of COVID-19, most of the leading companies are presently working on bringing down the costs of protecting their assets, and are also putting in efforts to ensure uninterrupted operations to control the revenue loss. While the world is busy trying to achieve a COVID
Read more

Induction Motors Market 2019 Report Predictions by Global Industry Trends, Future Growth, Regional Overview and Forecast Outlook until 2027

Market Research Future published a research report on “Global Induction Motors Market Research Report - Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2027 Industry Insight A report by Marker Research Future (MRFR) estimates the global induction motors market analysis 2020 to surge at a substantial CAGR during the forecast period 2016-2027. At this pace, the opportunities in the worldwide induction motors market are estimated to swell up with high valuation by the end of the year 2027. Impactful Factors Motors play a pivotal role in most of the processes. Motors are used in a large number of devices, equipment, and systems. With the increase in the use of these, several motors have also been increasing. Out of all of them, more than 80 % of motors are induction motors. This has significantly boosted the induction motor market size all over the world.  The study also reveals that the escalating industrial and manufacturing activiti
Read more