About Green Renewable Energy
Green Renewable Energy includes green electricity. This means it is produced with little-to-no environmental impact and does not dispense greenhouse gases into the air that contribute to global warming, the way fossil fuels do. Green Renewable energy sources include wind, geo-thermal, hydro, and solar energy. Wind and hydro sources generate energy through the movement of air and water, while geo-thermal and solar sources generate energy through heat. All, however, provide reliable energy and protect the environment.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market for Green Renewable Energy is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as service innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Green Renewable Energy market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NextEra Energy (United States), Canadian Solar Inc.(Canada), Plug Power (United States), Enphase Energy, Inc (United States), Bloom Energy(United States), Clearway Energy (United States), Algonquin Power and Utilities Corporation (Canada), First Solar (United States), Green Fuel Technologies. (United States) and Inventure Renewables Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Terravia (United States), Viridos (United States), Greenfuel Technologies Corporation (United States) and Sapphire Energy (United States).
Segmentation Overview
AMA Research has segmented the market of Global Green Renewable Energy market by Type (Solar (Photovoltaic) Power, Wind Power, Hydropower, Geothermal Energy, Biomass and Biofuels), Application (Electric Power Generation, Cooking and Heating) and Region.
On the basis of geography, the market of Green Renewable Energy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Industrial will boost the Green Renewable Energy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Innovation of Advanced Photovoltaics Systems, Increasing Uses of Artificial Intelligence in Green Renewable Energy Generation and Individuals Concerns About Greenhouse Emission
Market Growth Drivers:
Increasing Demand in Cost Effective Renewable Energy Sources, Increasing Demand in Pollution Free Energy Resources, Increasing Demand in Alternatives of Petrol and Diesel Fuels, Increasing Demand in Automobile and Industrial Sectors and Increasing Demand In Energy Generation Power
Challenges:
Government Regulations Associated with Green Renewable Energy and Lack of Land Availability for Green Renewable Energy Plants
Restraints:
High Cost Installation and Maintenance
Opportunities:
Rapid Adoption of Renewable Energy Sources Across the Globe, Growing Renewable Energy Infrastructure, Growing Industrialization and Globalization and Rapid Adoption of Green Hydrogen
On 8 June 2022, Plug Power Inc., A Leading Provider Of Turnkey Hydrogen Solutions For The Global Green Hydrogen Economy, Will Build A 35-Tons-Per-Day Green Hydrogen Generation Plant At Port Of Antwerp-Bruges In The Heart Of Europe. Plug Signed A 30-Year Concession Agreement To Build The Plant At The Belgian Port, The Second Largest In Europe. Plug Plans To Erect A 100-Megawatt Green Hydrogen Plant, Using Its Own Electrolyzer And Liquefaction Technology, On 28 Acres Of Land Leased Under The Agreement. Plug Will Produce Up To 12,500 Tons Per Year Of Liquid And Gaseous Green Hydrogen For The European Market.
Key Target Audience
Green Renewable Energy, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.