Global Green Energy Market Report 2022 Featuring Leading Players - ABB Ltd., Alterra Power Corporation, Kyocera Solar.
                     Global Green Energy Market Report 2022 Featuring Leading Players - ABB Ltd., Alterra 
Power Corporation, Kyocera Solar.
Market Overview:
Green energy is renewable energy that is commercially viable and is used to generate energy around
the globe. It extracts energy from natural sources such as tides, solar photovoltaic, sun, and wind. It 
is widely used across residential, commercial, and industrial sectors. It is an ideal alternative to 
fossil fuels.
The global green energy market is estimated to be valued at US$ 975.79 billion in 2021 and is 
expected to exhibit a CAGR of 8.3 % over the forecast period (2021-2028).
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Market Drivers
Growing environmental issues due to fluctuating weather conditions are predominantly fueling the 
market growth of green energy. Changing climatic conditions is one of the major concern and this 
has increased the need for reducing carbon emissions. This has created a huge demand for an 
alternative source of energy. Emerging economies coupled with the rapid industrialization and 
urbanization around the globe has also increase the carbon emission level and harsh weather 
conditions which is again driving the demand for green energy.
The increasing reliability of consumer on green energy sources is expected to augment the market 
growth. Increasing investments in the research and development activities by the key manufacturer 
for making energy sources for reliable and economically feasible is expected to bolster the market 
growth of the green energy. Also, the declining price of PV modules and onshore wind turbines is 
further anticipated to boost the adoption of the green energy sources which is again fueling the 
market growth.
Market Opportunities
Increasing biodiesel initiatives and the advent of new feedstock is expected to bring new market 
opportunities over the forecast period. Growing focus on clean energy sources coupled with the 
growing need for reducing carbon emission caused due to burning petrol-based products is also 
expected to augment the market growth. Thus, increasing use of biodiesel for reducing fuel costs as 
these are cleans and efficient sources of energy are expected to propel the market growth of green 
energy.
Expansion of green energy projects around the globe is projected to serve key opportunities in the 
market. The increasing number of biodiesel and bioethanol producers across developing regions is 
again expected to foster the market growth of green energy. Moreover, the growing development of 
solar PV systems around the globe coupled with the emergence of the geothermal energy system is 
further expected to accelerate the market growth of green energy over the forecast period.
Major players operating in the market include, ABB Ltd., Alterra Power Corporation, Kyocera 
Solar, Inc., Nordex SE, Hanwha Q Cells GmbH, Sharp Corporation, Calpine Corporation, Suzlon 
Energy Ltd., U.S. Geothermal Inc., Yingli Green Energy Holding Co. Ltd., Enercon GmbH, and GE
Energy
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