Uploaded on Mar 8, 2022
Green energy is renewable energy that is commercially viable and is used to generate energy around the globe.
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). For More Information, a Request sample copy of Business Report@https://www.coherentmarketinsights.com/insight/request-sample/4604 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 About Coherent Market Insights:- Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Contact Us: Name: Mr. Shah Phone: US +12067016702 / UK +4402081334027 Email: [email protected] Visit Our Blogs:https://blog.coherentmarketinsights.com
Comments