Press release
Global Renewable Energy market report, size, share, trends and forecast to 2028
According to Stratistics MRC, the Global Renewable Energy Market is accounted for $1074.6 billion in 2022 and is expected to reach $1945.6 billion by 2028 growing at a CAGR of 10.4% during the forecast period.
Renewable energy comes from natural sources like wind and sunlight. Renewable energy sources include solar, geothermal, wind, bioenergy, hydropower, and ocean power. Renewable energy is currently used in the heating, electricity, cooling, and transportation sectors. Renewable energy is more expensive than fossil fuel energy. The most important factor driving the use of renewable energies is the attribution of global warming due to carbon dioxide (CO2) emissions from the combustion of fossil fuels.
It has been observed that the cost of solar power has decreased by approximately 85% compared to the last decade, and the solar photovoltaic system has become one of the most cost-competitive resources. Solar-storage expansion, floating solar PV models and community solar projects are expected to be major trends in emerging markets. The development of solar energy storage will aid in improving operational efficiencies and controlling costs.
By geography, Asia-Pacific accounted for the highest share and dominated the renewable energy market. The region's rapid industrialization and urbanisation had resulted in a rapid increase in pollution levels. Furthermore, a rapid increase in the population and an increase in residential projects in the region are driving up demand for electricity. Government initiatives are playing an important role in the adoption of renewable energy across a wide range of end-user application and the increased demand for electricity as a result of increased industrialization is attracting a large investment in the deployment of solar energy infrastructure.
Some of the key players profiled in the Renewable Energy Market include General Electric (GE), Tata Power Company Limited, Adani Green Energy Ltd, ABB Ltd., Suzlon Energy, Innergex, Enel Spa (Enel), Xcel Energy Inc, EDF, Geronimo Energy, Invenergy, Jaiprakash Power Ventures Ltd, Indowind Energy Ltd, KPI Green Energy Ltd and Orient Green Power Company Ltd
Request a Sample of "Renewable Energy Market" @
https://www.strategymrc.com/report/renewable-energy-market
By Types:
• Solar Energy
• Geothermal Energy
• Wind Power Energy
• Bioenergy
• Hydroelectric Power
By Applications:
• Residential
• Commercial
• Industrial
• Other Applications
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
● Company Profiling
● Comprehensive profiling of additional market players (up to 3)
● SWOT Analysis of key players (up to 3)
● Regional Segmentation
● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
For more information about this report visit
https://www.strategymrc.com/report/renewable-energy-market
Report Store: https://www.strategymrc.com/report-store
Covid-19 reports: https://www.strategymrc.com/covid-19-impact-reports
Contact Us:
Email: sales@strategymrc.com
Organization: Stratistics Market Research Consulting Pvt Ltd Phone: +1-301-202-5929
Website: https://www.strategymrc.com
About Us:
Stratistics MRC offers a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
Renewable energy comes from natural sources like wind and sunlight. Renewable energy sources include solar, geothermal, wind, bioenergy, hydropower, and ocean power. Renewable energy is currently used in the heating, electricity, cooling, and transportation sectors. Renewable energy is more expensive than fossil fuel energy. The most important factor driving the use of renewable energies is the attribution of global warming due to carbon dioxide (CO2) emissions from the combustion of fossil fuels.
It has been observed that the cost of solar power has decreased by approximately 85% compared to the last decade, and the solar photovoltaic system has become one of the most cost-competitive resources. Solar-storage expansion, floating solar PV models and community solar projects are expected to be major trends in emerging markets. The development of solar energy storage will aid in improving operational efficiencies and controlling costs.
By geography, Asia-Pacific accounted for the highest share and dominated the renewable energy market. The region's rapid industrialization and urbanisation had resulted in a rapid increase in pollution levels. Furthermore, a rapid increase in the population and an increase in residential projects in the region are driving up demand for electricity. Government initiatives are playing an important role in the adoption of renewable energy across a wide range of end-user application and the increased demand for electricity as a result of increased industrialization is attracting a large investment in the deployment of solar energy infrastructure.
Some of the key players profiled in the Renewable Energy Market include General Electric (GE), Tata Power Company Limited, Adani Green Energy Ltd, ABB Ltd., Suzlon Energy, Innergex, Enel Spa (Enel), Xcel Energy Inc, EDF, Geronimo Energy, Invenergy, Jaiprakash Power Ventures Ltd, Indowind Energy Ltd, KPI Green Energy Ltd and Orient Green Power Company Ltd
Request a Sample of "Renewable Energy Market" @
https://www.strategymrc.com/report/renewable-energy-market
By Types:
• Solar Energy
• Geothermal Energy
• Wind Power Energy
• Bioenergy
• Hydroelectric Power
By Applications:
• Residential
• Commercial
• Industrial
• Other Applications
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
● Company Profiling
● Comprehensive profiling of additional market players (up to 3)
● SWOT Analysis of key players (up to 3)
● Regional Segmentation
● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
For more information about this report visit
https://www.strategymrc.com/report/renewable-energy-market
Report Store: https://www.strategymrc.com/report-store
Covid-19 reports: https://www.strategymrc.com/covid-19-impact-reports
Contact Us:
Email: sales@strategymrc.com
Organization: Stratistics Market Research Consulting Pvt Ltd Phone: +1-301-202-5929
Website: https://www.strategymrc.com
About Us:
Stratistics MRC offers a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
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