Recent developments in the sector in the global renewable energy market


Dallas, May 25, 2021 (GLOBE NEWSWIRE) – Renewable energy is obtained from natural and replenished sources such as wind, sun, water and geothermal radiation, among others. This type of energy was once widely used in the rural energy service sector, but due to the rapid depletion of non-renewable energy supplies and the high rate of emissions around the world, global economies and the general public are shrinking. are now turning to the renewable energy market. The sudden interest of the commercial and private sector in clean energy for applications such as heating and / or cooling fluids, power generation and transportation is pushing the dynamics of the industry on the rise.

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The market research examines the growing functionality of technology related to renewable energy sources, as well as the effect of their implementation on climate change and the economic well-being of the entire planet. Declining carbon-based fossil fuel reserves, the resulting increase in manufacturing rates, and environmental concerns may push the renewable energy market share up in the years to come. The COVID-19 pandemic has created a slew of new problems for this industry. The supply chain disruptions that have accompanied global lockdowns have triggered a chain reaction of problems for this industry.

Renewable energy market Leading players –

Suzlon Energy Limited
ABB Ltd.
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

Due to the high emissions of many greenhouse gases, in particular CO2, generated by the use of fossil fuels for energy production, global demand for renewable energy is expected to increase at a sustained rate. However, the production of renewable electricity requires a significant expense. Therefore, this trend is expected to restrain the expansion of the global industry during the forecast period. In addition, in the Middle East, fossil fuels are mainly used to generate electricity because they are cheaper than in other countries. The growth of the industry is hampered. Continued technological advancements and increased government investments in the clean energy market would offer attractive development prospects during the assessment period.

Renewable energy market Breakdown by type

Water (hydroelectric and hydrokinetic)
Wind
Solar (electricity and hot water)
Biomass (biofuel and bioenergy)
Geothermal energy (electricity and heating)

Renewable energy market Breakdown by application

Residential
Commercial
Industrial
Other

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The European Union’s futuristic proposals offer 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 others, underlines the importance of achieving renewable energy offshore to achieve this goal. This futuristic strategy has sparked action in other major economies, and proposals are being made around the world to make the world a safer, greener place. This increase in demand, as well as the resulting increase in spending, would bring the desired prospects to the clean energy industry, thus enhancing its attractiveness.

Renewable Energy Market Table of Contents

1 Renewable energy market – Scope of research

1.1 Study objectives

1.2 Definition and scope of the market

1.3 Key market segments

1.4 Years of study and forecasting

2 Renewable energy market – Research methodology

2.1 Methodology

2.2 Source of research data

2.2.1 Secondary data

2.2.2 Primary data

2.2.3 Market size estimate

2.2.4 Legal disclaimer

3 Renewable energy market forces

3.1 Global Renewable Energy Market Size

3.2 Main impact 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 Analysis of industry trends

3.4 Industry trends under COVID-19

3.4.1 Risk assessment for 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 Region

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

4.1.2 Global Renewable Energy Value Market Share by Region (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 Region

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

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

5 Renewable Energy Market – By Trade Statistics

5.1 Global export and import of renewable energy

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

5.3 Export and import of renewable energy in Europe (2015-2020)

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

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

5.6 Export and import of renewable energy in India (2015-2020)… .. Continued

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