Renewable Energy Market by Energy Type End Use Industry and Region Global Market Analysis and Forecast, 2022-2028

The Global Renewable Energy market was estimated at USD 1,209.03 billion in 2021, and is anticipated to reach USD 2,005.84 billion by 2028, growing at a CAGR of 7.5%.

Renewable energy is energy generated from naturally replenished sources such as the sun and wind. Renewable energy can be used to generate electricity, heat and cool buildings, and transport people. Renewable energy has numerous benefits that affect the economy, environment, national security, and human health. Increased greenhouse emissions from traditional energy sources are projected to increase the use of renewable energy sources. Wind, solar, hydro, geothermal, and biofuel are all examples of renewable energy sources. With a growing greater focus of the world to harness energy from non-conventional sources such as wind, solar, and tides among others.

Renewable energy market dynamics:

Due to the increased emissions of greenhouse gases (GHGs), especially carbon dioxide, from the use of fossil fuels for power generation, the global renewable energy market is expected to grow significantly during the forecast period. Moreover, the industry is fuel by the limited availability of fossil fuels on the planet, as well as their unpredictable costs. On the other hand, renewable energy generation requires significant expenditures. During the forecast period, this factor is expected to limit market growth. During the evaluation period, continued technological progress and increased government investment in the renewable energy sector would provide profitable growth opportunities.

Top Key players covered in Renewable Energy market are:

• Enel
• Exelon Corporation
• Tokyo Electric Power
• Vattenfall AB
• RWE Group
• Iberdrola
• Duke Energy
• ACCIONA
• Xcel Energy
• Hawaiian Electric
• China Three Gorges Corporation
• China Energy
• Innergex
• China Resources Power
• China Huaneng Group
• Invenergy
• Tata Power
• China Datang Corporation
• SDIC Power Holdings
• EnBW and other major players.

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Market segmentation and Competitive Landscape:

The hydropower sector dominates the renewable energy market:

Hydropower is a renewable energy source that uses the energy of water flowing from higher to lower elevations to generate electricity. In 2019, hydropower generated a record 4,306 TWH of renewable electricity. It is the largest contribution ever made from a renewable energy source.

The Renewable Energy Market is segmented into Energy Type, End Use Industry, and Region. To remain competitive in the industry, key players are employing a variety of strategies such as product launch, acquisition, collaboration, alliance, and business expansion. Companies in the industry are expected to spend money on research and development. Associations also regularly engage in and contribute to tactical product growth programs.

Based on Energy type:

• Hydro & Ocean
• Wind
• Solar
• Geothermal
• Others

Based on End use Industry:

• Industrial
• Residential
• Commercial

Based on Region:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Covid-19 Impact and Recovery Analysis on Industry:

Prior to the outbreak of the COVID-19 crisis, biofuel production and renewable heat consumption were expected to increase by about 3% in 2020. Three factors were behind our previous five-year forecast: Brazil’s new biofuel policy, and China’s broader implementation. Ethanol blending mandates and the continued expansion of biodiesel in ASEAN member countries. In the European Union, renewable heat is set to benefit from further policy support, with 2020 marking the start of the implementation period for the new 2030 renewable energy targets.

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Table of Content:

Chapter 1: Introduction

 1.1 Research Objectives

1.2 Research Methodology

1.3 Research Process

1.4 Scope and Coverage

1.4.1 Market Definition

1.4.2 Key Questions Answered

1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities by Segment

3.1 By Energy Type

3.2 By End Use Industry

Chapter 4: Market Landscape

 4.1 Porter’s Five Forces Analysis

4.1.1 Bargaining Power of Supplier

4.1.2 Threat of New Entrants

4.1.3 Threat of Substitutes

4.1.4 Competitive Rivalry

4.1.5 Bargaining Power Among Buyers

4.2 Industry Value Chain Analysis

4.3 Market Dynamics

4.3.1 Drivers

4.3.2 Restraints

4.3.3 Opportunities

4.5.4 Challenges

4.4 Pestle Analysis

4.5 Technological Roadmap

4.6 Regulatory Landscape

4.7 SWOT Analysis

4.8 Price Trend Analysis

4.9 Patent Analysis

4.10 Analysis of the Impact of Covid-19

4.10.1 Impact on the Overall Market

4.10.2 Impact on the Supply Chain

4.10.3 Impact on the Key Manufacturers

4.10.4 Impact on the Pricing

Chapter 5: Renewable Energy Market by Energy Type

To be Continue….

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