Green Power Market Outlook
Market Overview
Green Power Market is driven by the globally trending wave of reducing dependence on non-renewable sources of energy such as coal, has started to shift the government and energy sector players to focus on the development of power generation plants sourced from renewables such as wind and solar energy. The green energy market size is expected to reach USD 2.3 billion by 2025, growing at a robust CAGR of 20.4% during the forecast period 2017-2025. Global green power market segmentation has been carried out on the basis of the source of power, power supply, end users, and geography. Based on the source of power, solar power accounted for the highest market share in 2017. Various countries with abundant solar energy are investing in the development of solar power plants. China Solar Industry has witnessed an investment of USD 86.5 billion in early 2018.
Browse Full Report: Green Power Market
As per the research report published by "Goldstein Research " The green power industry witnessed the highest use of green power in commercial applications all over the world, owing to advancement in green power transmission & distribution equipment. Further, the global green energy market is estimated to be dominated by the Asia Pacific with a market share of 44.6% in 2017, where China, India & Singapore were among the top revenue contributors in the region. Moreover, Latin America is anticipated to be an opportunistic region for the establishment of green power projects.
Present Trends, Shaping Future
- Dropping Solar Prices: The trend means that solar energy will finally start snatching significant market share away from energy sources such as coal and oil — and catch up to the deployment of wind power, which itself is predicted to become as big as nuclear.
- Amalgamation of energy and information technologies: Smart hardware and digital technologies won't resolve consumer’s consumption addiction, but it will allow them to be much more efficient.
- Call for clean-energy funds getting louder
- Energy development in the developing regions
- Electric mobility solution and e-transportation
- Mounting investment in smart grid and grid infrastructure
Market Segmentation
On the basis of our in-depth analysis, Global Green Power Market can be segmented as follows:
By Source of Power
- Solar Power
- Wind Power
- Geothermal Power
- Hydro Power
- Biogas
By Power Supply
- Power Grid
- Off-Grid
By End-Users
- Residential
- Commercial
- Industrial
By Region
- North America Green Energy Market {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe Green Energy Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Middle East and Africa Green Energy Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America Green Energy Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific Green Energy Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Global Green Power Market Outlook 2025” contains a detailed overview of the global green power market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by source of power, power supply, and end users.
Further, for the in-depth analysis, Global Green PowerMarket Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as GE Energy, CPFL Energia S.A., Terra Gen, Tata Power Solar, IHI Corporation, Alstom Hydro, China Hydroelectric Corporation, ABB Ltd., Mitsubishi Heavy Industry, Enel Green Power, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global green power market trends along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Key queries answered in this global green power market report
- Present and future green power market outlook in the developed and emerging markets
- Investigating various perceptions of the market with the help of Porter’s five forces analysis
- Key market trends across the segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
- Regions that are expected to witness fastest growth during the forecast period
- Key developments and strategies employed by the major market players.
- What are the industry opportunities for the existing and entry level players?
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