Global Renewable Energy Market Is Expected To Gain a Significant CAGR during the Forecast Period

The global renewable energy market is expected to gain a significant CAGR during the forecast period. The last decade has witnessed projects that deliver energy via renewable sources and have become a trusted source for low-carbon alternatives. The Paris Agreement for climate change and mitigation in 2015 also helped create tremendous changes and reduce the short-term impact of carbon-based fuels.

More than 55 countries have agreed to the pact and are in the process of shifting toward an eco-friendly and sustainable environment. Overall, the renewable projects have been receiving overwhelming responses since there has been a tremendous conscientious awareness on the grass-root level. The market is thus expected to receive a broader attention in the upcoming period.

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Renewable energy market is driven by factors such as rise in bio-startups and stringent norms by government. Positive initiatives undertaken by governing bodies at local, regional, and national levels and acting as whistle-blowers are expected to add to the market growth in the forecast period.

Rise in carbon footprint is posing serious environmental issues. This factor is also expected to contribute to the development of renewable energy sources and alternatives, which, in turn, is driving the market for renewable energy sources. However, low awareness coupled with inflexibility towards renewable sources is likely to hinder the market growth in the forecast period.

Renewable energy market is segmented based on type that includes ocean power, wind energy, bioenergy, geothermal energy and solar energy. Solar energy accounts for a dominant position in the market due to the inclination towards using solar energy. End-user segmentation for renewable energy market includes commercial, residential, and industrial. Commercial sector accounts for a higher position in the market due to rise in demand.

Geographical segmentation for renewable energy market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific region dominates the renewable energy market registering a higher CAGR during the forecast period. Europe region accounted for a significant market share in the global scenario owing to stringent norms laid down by government and environmental policies followed by companies in this region. North American market is expected to gain a sustainable growth in the forecast period due to favorable market conditions for renewable energy due to stringent norms for companies emitting enormous amount of carbon.

The key players in the renewable energy market include General Electric, CFPL Energia S.A., Tata Power Company Limited, Alstom SA, ABB Ltd, Shenzhen Energy Group Co Ltd, Enel Green Power S.p.A, Vestas Wind Systems A/S, Enercon GmbH, Nordex SE, Suzlon Energy Limited, SIEMENS GAMESA RENEWABLE ENERGY S.A. and Mitsubishi Heavy Industry.

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This report studies Renewable Energy in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.

This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering:
• EnBW
• Duke Energy
• Southern Company
• Exelon Corporation
• Hawaiian Electric
• RWE Group
• Vattenfall Europe
• Iberdrola
• Abengoa Solar
• AREVA Renewable Energys
• Aeon Renewable Energy
• Sdic Power Holdings

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
• Solar Energy
• Wind Energy
• Hydro Energy
• Biomass Energy
• Ocean Energy
• Geothermal Energy

By Application, the market can be split into:
• Residential
• Commercial
• Industrial
• Other

By Regions, this report covers (we can add the regions/countries as you want):
• North America
• China
• Europe
• Southeast Asia
• Japan
• India

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