About Green Energy
Green energy refers to the renewable energy that is generated from natural resources like sun, water, wind, or organic materials. Increasing global energy demand and focus on the reduction of the carbon footprint from the atmosphere has led manufacturers to adopt renewable sources for energy generation. The rapidly growing renewable energy sector in developing economies like India and China will create significant opportunities and attract foreign investors. Further, the implementation of the Net Zero strategy by the UK government in order to eliminate emissions by 2050 will accelerate the growth of green energy.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Adani Green Energy Limited (India), NextEra Energy (United States), Brookfield Renewable Partners (Canada), Orsted A/S (Denmark), Iberdrola (Spain), Canadian Solar Inc. (Canada), Renewable Energy Group (India), Reliance Industries Limited (India), Inox Wind (India), Shell Global (Netherlands), Enel Green Power (Italy), Nordex (Germany), Lightsource BP (United Kingdom) and Biodico (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Green Energy market by Type (Solar Power, Wind Power, Hydropower, Geothermal Energy, Biomass and Biofuels), Application (Residential, Commercial, Automotive and Industrial) and Region.
On the basis of geography, the market of Green 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).
Influencing Trend:
Increased Use of Solar and Wind Sources Worldwide for Renewable Energy Production
Market Growth Drivers:
Increasing Focus to Reduce CO2 in the Environment and Growing Preference towards the Renewable Sources for Energy Generation and Government Investment for the Production of Renewable Energy and Implementation of Net Zero Strategy
Challenges:
Requirement of Lot of Space and Production of PV Cells Generates Pollutants
Restraints:
Huge Investment in the Installation of Renewable Plants and Low Electricity Generation Capacity
Opportunities:
Evolution of EVs and Increasing Demand for Biofuel for Vehicles will Create Significant Opportunities
Market Leaders and their expansionary development strategies
In May 2023, Siemens announced plans to merge its wind and energy business units into a single entity called Siemens Energy. This move aims to streamline operations, strengthen its position in the renewable energy market, and create a more competitive company.
In September 2023, Tesla unveiled its much-anticipated "Megapack" battery storage system, touted as a scalable solution for storing renewable energy and facilitating grid integration.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Green Energy Manufacturers, Renewable Energy Solutions Manufacturers and Suppliers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users 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.