New York, NY, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Renewable Energy Market By Product Type (Bioenergy, Geothermal Energy, Hydroelectric Power, Solar Energy, and Wind Power), and By End-Use (Industrial, Commercial, Residential, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026”.
“According to the recent research report, the demand of global renewable energy market size & share expected to reach to USD 1911 Million by 2026 from USD 1089 Million in 2019, at a compound annual growth rate (CAGR) of 8.3% during the forecast period 2021 to 2026”
Global Renewable Energy Market: Overview
Renewable energy, also known as renewable energy, is generated from sustainable materials or processes that are depleted on a regular basis. Renewable energy is energy extracted from renewable resources that are primarily found on a human timescale. In comparison to fossil fuels, which are depleted much faster than they are replenished, this form of energy supply is renewable. In comparison to other sources of energy, which are centralized in a small number of countries, renewable energy resources and substantial opportunities for energy promote efficiency across a large geographical region.
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Our Free Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 225+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- General Electric
- Vestas Wind Systems A/S
- ACCIONA
- UpWind Solutions Inc.
- Senvion S.A.
- Invenergy
- Innergex
- Sinovel Wind Group Co. Ltd.
- Xcel Energy Inc.
- ENERCON GmbH
- ABB Ltd.
- Tata Power Company Limited
- Geronimo Energy
- Enel Spa.
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Key questions answered in this report:
- What is the projected market size & growth rate of the Renewable Energy Market?
- What are the key driving factors for the growth of the Renewable Energy Market?
- What are the top companies operative in Renewable Energy Market?
- What segments are covered in Renewable Energy Market?
- How can I get free sample report/company profiles of the Renewable Energy Market?
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Global Renewable Energy Market: Growth Factors
Leading to excessive emissions of greenhouse gases (GHGs), especially CO2, caused by the use of fossil energy for energy production, the global renewable energy demand is anticipated to develop significantly during the forecast period. Furthermore, the renewable energy industry is fuelled by the limited supply of fossil fuels on the planet, as well as their unpredictable costs. Renewable energy generation, on the other hand, necessitates a major expenditure. During the forecast period, this factor is expected to limit the market growth. Moreover, in the Middle East, fossil fuels are mainly used to produce electricity because they are less costly than in other areas. The market's growth is slowed as a result of this. Continuous technological advancements and increased government investment in the renewable energy sector, on the other hand, would provide significant growth opportunities during the evaluation timeframe. The scale of the renewable energy market is rising as government policies on climate change become more stringent in both developed and emerging economies.
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Global Renewable Energy Market: Report Scope
| Report Attribute | Details |
| Market Size 2019 Value | USD 1089 Million |
| Market Forecast for 2026 | USD 1911 Million |
| Expected CAGR Growth | CAGR 8.3% from 2020-2026 |
| Base Year | 2019 |
| Forecast Year | 2020-2026 |
| Top Market Players | UpWind Solutions, Inc., Senvion S.A., Tata Power Company Limited (Tata Power), Innergex, Enel Spa (Enel), ENERCON GmbH, ABB Ltd., General Electric (GE) and Others |
| Segments Covered | Type, End-User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Pricing Options | Request customized purchase options to meet your research needs. Explore purchase options |
Global Renewable Energy Market: Segmentation
Hydroelectric power is a renewable resource that uses the energy of water flowing from higher to higher elevations to produce electricity. Hydropower production of renewable electricity is the largest gain from a renewable resource in 2019. Because of their usage in the electricity market, the production capacity for renewables is projected to grow. Low operating expenses and priority grid connections in many markets enable renewables to function at near full capacity, allowing a renewable generation to expand even as end-use energy consumption falls due to lockdown steps. This increased performance is due in part to capacity additions that reached new highs in 2019, a development that was expected to continue this year.
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Global Renewable Energy Market: Regional Analysis
During the forecast period, Asia-Pacific is projected to rise at the highest pace. As a result of the rise in industrialization in emerging countries such as China and India, there is a greater demand for oil. The presence of these countries enhances the renewable energy market due to factors such as population growth, rapid industrialization, and pro-renewable-energy policies. In 2020, Asia-Pacific surpassed Europe as the global leader, and this supremacy is projected to continue over the forecast period. Industrial development, the residential and industrial segments are estimated to hold the largest Asia-Pacific market in terms of end-use. The Asia-Pacific sustainable energy market is expected to be dominated by China during the study period, with China accounting for the largest market share. China wants to reduce its reliance on fossil fuels by transitioning to renewable energy for power generation.
Browse the full “Renewable Energy Market, By Product Type (Bioenergy, Geothermal Energy, Hydroelectric Power, Solar Energy, and Wind Power), and By End-Use (Industrial, Commercial, Residential, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/renewable-energy-market
The global Renewable Energy market is segmented as follows:
By Type:
- Hydroelectric Power
- Wind Power Energy
- Bioenergy
- Solar Energy
- Geothermal Energy
By End User:
- Residential
- Commercial
- Industrial
- Others
Key Highlights of this Report:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
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