Global Alternative Energy Market Overview:
Alternative energy refers to the energy sources other than fossil fuels which include all renewable sources and nuclear. Fossil fuel is a fuel formed by natural processes such as anaerobic decomposition of buried dead organisms containing energy originating in ancient photosynthesis. Renewable energy is produced from sources that do not deplete or can be replenished within a human’s lifetime and nuclear energy is produced from mined elements like uranium and thorium which cannot be replenished. The alternative energy sources include marine energy, the hydroelectric, wind, geothermal and solar power. Renewable energy sources are the fastest-growing energy sources in the world and it will provide at least 15% of the global energy mix by 2040.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Demand for Biofuels
Market Growth Drivers:
Increasing Prices of Fossil Fuels and Favorable Government Regulations for Alternative Energy Uses
Challenges:
Requires Huge Initial Investment Alternative Energy Production
Restraints:
Lack of Awareness in Developing Countries
Opportunities:
Rapid Industrialization Worldwide and Increased Government Funding For Alternative Energy Sector
Competitive Landscape:
Some of the key players profiled in the report are Abengoa (Spain), GE Energy (United States), Acciona, S.A. (Spain), BrightSource Energy (United States), Directed Vapor Technologies International, Inc. (United States), Areva (France), Solar Energy Industries Association (United States), Hitachi (Japan), SCHOTT AG (Germany) and Siemens (Germany). Additionally, following companies can also be profiled that are part of our coverage like SolarReserve (United States), The Tata Power Company Limited (India) and Innergex Renewable Energy (Canada). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Alternative Energy market by 2027.
What Can be Explored with the Alternative Energy Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Alternative Energy Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Alternative Energy
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Alternative Energy market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Alternative Energy market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Alternative Energy Producers, Research Professionals, Emerging Companies, Government Body & Associations and End-user.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.