Renewable Energy Market Research Report- Forecast to 2023
Renewable Energy Market Size, Share, Facts & Figures |
Expecting Growth of 6% CAGR Forecast to 2023.
Page |1
Copyright Š 2018 Market Research Future.
Renewable Energy Market Research Report- Forecast to 2023
1 Summary The quest to make our energy sources more environment friendly and also counter the depletion of natural energy sources, has led to the widespread appeal of the renewable energy market. Market Research Future, a firm which specializes in market reports related to the Energy and Power sector among others, published in its recent report on Global Renewable Energy Market Research Report - Forecast to 2027 that the sector is set to surge in the forecast period with a highly distinguishing CAGR percentage.
Industry Top Key Players: With the entry of new industry players in the global renewable energy market segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Some of the key players in the Renewable energy market are Calpine Corporation, Enel Green Power. Other notable players in this segment are Vestas Wind Power A/S, Pelamis Wave Power and Yingli Solar among others
Page |2
Copyright Š 2018 Market Research Future.
Renewable Energy Market Research Report- Forecast to 2023
2
Market Overview
Renewed global pleas for clean and renewable energy sources have driven the demand for this sector as major players are foraying into this sector. The sector is finding huge demand from many sectors due to its free availability and it’s limited to no impact level on environment. This particular demand trend is also further spurred on by the increase in the price fluctuations of natural energy resources, and their risk of getting depleted soon in the coming years citing increased demand. Population growth is also among one of the decisive factors affecting the demand for renewable energy sources. The factors that can slow down the sector include lack of R & D activities and preference of natural energy sources.
Latest Industry News: Dec 2017 Belgian retail giant Colruyt Group is gearing up to make a big investment in the renewable energy space in India and has lined up an investment of around Rs 800-1,000 crore for the next two years. They already have 1.5 GW of installed capacity of wind energy in Belgium and want to bring that capability and expertise to India. The group plans to set up a separate entity for its India renewable energy venture, which will also be headquartered in Hyderabad. Each wind project will have the capacity of around 30 to 50 MW. Dec 2017 GE announced recently that it had received its largest renewable energy order in Thailand to build the three 90 megawatt clusters for the Theparak Wind farm in Central Thailand.GE Renewable Energy and GE Power have received an order to build and provide 270 megawatts (MW) of wind energy capacity for the Theparak Wind Farm in Central Thailand. Together, GE Renewable Energy and GE Power will provide 90 of its 3.0-137 wind turbines with hybrid towers measuring in at 156.5 meters, making them the tallest turbines the company has installed outside of Europe. Dec 2017 The government of Alberta (Canada) which has the world’s third-largest oil reserves recently auctioned off 595 megawatts of renewable energy capacity to be built in the province. This has exceeded the government’s target of 400 megawatts. The process marks a major step for Alberta which is Canada’s largest consumer of coal and its second-largest producer of the fuel in its efforts to transition to all renewable and gas-fired generation by 2030.
Page |3
Copyright © 2018 Market Research Future.
Renewable Energy Market Research Report- Forecast to 2023
3 Market Research Analysis The global renewable energy market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is expected to dominate the Renewable Energy market mainly due to the favorable government regulations. The integration of renewable energy is expected to increase in the North American region providing the market with scope for further growth. Europe and Asia-Pacific are the other major regions for the Renewable Energy market due to boost in the manufacturing sector in these regions..
Page |4
Copyright Š 2018 Market Research Future.
Renewable Energy Market Research Report- Forecast to 2023
Page |5
Copyright Š 2018 Market Research Future.