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Market Research Report

Global Green Power Market Report (By Source of Power, By Power Supply, By End User, Based on Geography) with COVID-19 impact | Forecast Period 2017-2030

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Global Green Power Market Outlook 2017-2030

According to EPA, green power refers to the electricity that is fabricated from solar, wind, geothermal, biogas, eligible biomass, and low-impact small hydroelectric sources, in addition, it is preferred by consumers for its zero emissions profile and carbon footprint reduction benefits. Many ongoing projects like Sri Venkateswara Green Power Projects in India, is all set up to start a 12-MW renewable energy power plant which is acquired by Nettlinx Ltd at 51% stake. Enel Green Power Projects in Italy set the standards for electricity storage and renewable plants. China recently issues first allotment of green power trading certificates to 20 renewable energy projects as a part of country’s enhanced reforms that majorly deals with renewable energy generation, green certificates and the green certificate trading scheme.

Goldstein Market Intelligence analyst forecast that the global green power market size is set to grow at a CAGR of 20.4% over the forecast period. With the development of new green power projects, government expenditure emphasizing on the green power projects are the factors responsible for the substantial growth of global green power market.

Global Green Power Market Segmentation

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 Target Audience

  • Green power producers
  • Green power suppliers
  • Government agencies
  • Electric grid component manufacturers

Based on Geography

  • North America (U.S. & Canada)  Green Power Market {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  Green Power Market {Market Share (%), Market Size (USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE)  Green Power Market {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  Green Power Market {Market Share (%), Market Size (USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  Green Power Market {Market Share (%), Market Size (USD Billion)}

On the basis of source of power, solar power accounted for highest contribution in the generation of green power electricity. Solar energy is abundantly available and requires fewer systems to convert solar energy into solar power.  Commercial use of green power is growing at a significant pace at a rate of 16.8% annually, owing to affordable and convenient installation of green power supply equipments.

Market Trends, Drivers and Challenges

The trend of tradable green certificates are boosting the growth of global green power market. China’s pilot program for issuance of green certificates to renewable energy producers along with a trading scheme has heightened the China’s green power market. This attracted several companies who are confirming their use of clean energy by purchasing green certificates.

Electricity storage and renewables plant are procuring attention and investments in different countries of the world. United Nations, in 2017 had shown concern over the large segment of the global community that is still short of access to renewable energy. This was followed by green power projects by various countries, companies, and communities all over the globe. Scandinavian country has generates over 35 percent of its energy that it consumes from wind as a major source, and become the greenest country in the world.

In many countries such as China, government is the major investor in setting up of green power plants. But some other country’s government has become roadblock in the growth of green power. Government of the U.K., for example, has turned their back on renewables, by not giving subsidies for green power projects before 2025.

Global Green Power Market Analysis

Based on geography, Asia-Pacific accounted for largest market share of 44.6% in 2017, on the back of application of renewable resources in general, light and wind Energy through various projects, especially from China, India, and Singapore. Latin America is the opportunistic market for the installations of green power projects. Latin America provide apt environmental conditions and power supply opportunities, for growth in green power projects such as using solar energy as a source of power.

Covered in This Global Green Power Market Report

The report covers the present ground scenario and the future growth prospects of the green power market for 2017-2030 along with the global sales and global revenue of the green power. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. We have forecast the market on the basis of green powers producers and power suppliers, government and private player expenditure on green power projects.

Green power market outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the green power market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global green power market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

COVID-19 impact on "Global Green Power Industry"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Green Power Industry" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

Global green power market report comprises of the following companies as the key players in the green powers market:

  • 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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For a full detailed overview, send us the sample request.

Key questions answered in this Global Green Power Market Report

  • What is the total market size by 2030 and what would be the expected growth rate?
  • What is the revenue of green power market in 2017-18 and what would be the expected demand over the forecasted period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who all are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.

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Global Green Power Market Report (By Source of Power, By Power Supply, By End User, Based on Geography) with COVID-19 impact | Forecast Period 2017-2030

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