Energy & Power
Global Renewable Energy Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Renewable Energy Market, By Type (Hydropower, Wind Energy, Solar Energy, Bioenergy, Geothermal Energy, and Others), Application (Heating and Cooling, Electricity Generation, and Others), Capacity (0 to 1,OOO kWh, 1,000 to 5,000 kWh, and More Than 5,000 kWh), Connectivity (On-grid and Off-grid), End-Use (Industrial, Residential, Commercial, and Utility), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global renewable energy market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Renewable energy is defined as energy obtained from natural resources that regenerate on a human timescale, such as sunshine, wind, rain, tides, waves, and geothermal heat. These energy sources are considered renewable since they are naturally replenished and nearly limitless. Unlike fossil fuels, which are finite and contribute to environmental degradation through greenhouse gas emissions and other pollutants, renewable energy sources provide a sustainable and environmentally beneficial way to meet our energy needs.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Increasing awareness of climate change and the detrimental effects of greenhouse gas emissions
- Corporate sustainability goals
RESTRAINTS
- Limited energy storage solutions
- Supply chain vulnerabilities
OPPORTUNITIES
- Technological advancements
- Government policies, incentives, and regulations in promoting renewable energy adoption
CHALLENGES
- Grid integration challenges
- Policy and regulatory uncertainty
SEGMENTATION
- Type
- Hydropower
- Wind Energy
- Onshore
- Offshore
- Fixed Structure
- Floating Structure
- Solar Energy
- Photovoltaic
- Concentrated Solar Power
- Bioenergy
- Biomass
- Biogas
- Liquid Biofuel
- Geothermal Energy
- Others
- Application
- Heating and Cooling
- Electricity Generation
- Others
- Capacity
- 0 to 1,OOO kWh
- 1,000 to 5,000 kWh
- More Than 5,000 kWh
- Connectivity
- On-grid
- Off-grid
- End-Use
- Industrial
- Residential
- Commercial
- Utility
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- ABB Ltd.
- Acconia S.A.
- Enel Spa
- General Electric
- Innergex
- Invenergy
- Schneider Electric
- Siemens Gamesa Renewable Energy, S.A.
- Suzlon Energy Ltd.
- Tata Power
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Renewable Energy Market, by Type
- 3.2 Global Renewable Energy Market, by Application
- 3.3 Global Renewable Energy Market, by Capacity
- 3.4 Global Renewable Energy Market, by Connectivity
- 3.5 Global Renewable Energy Market, by End-Use
- 3.6 Global Renewable Energy Market, by Geography
- 3.7 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Job creation and economic development
- 5.1.2 Public support and consumer preferences
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Increasing awareness of climate change and the detrimental effects of greenhouse gas emissions
- 5.2.2 Corporate sustainability goals
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Limited energy storage solutions
- 5.3.2 Supply chain vulnerabilities
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Technological advancements
- 5.4.2 Government policies, incentives, and regulations in promoting renewable energy adoption
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Grid integration challenges
- 5.5.2 Policy and regulatory uncertainty
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL RENEWABLE ENERGY MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Renewable Energy Market, by Type (2019-2032)
- SECTION 7 - GLOBAL RENEWABLE ENERGY MARKET, BY APPLICATION
- 7.1 Application Summary
- 7.2 Market Attractive Index
- 7.3 Global Renewable Energy Market, by Application (2019-2032)
- SECTION 8 - GLOBAL RENEWABLE ENERGY MARKET, BY CAPACITY
- 8.1 Capacity Summary
- 8.2 Market Attractive Index
- 8.3 Global Renewable Energy Market, by Capacity (2019-2032)
- SECTION 9 - GLOBAL RENEWABLE ENERGY MARKET, BY CONNECTIVITY
- 9.1 Connectivity Summary
- 9.2 Market Attractive Index
- 9.3 Global Renewable Energy Market, by Connectivity (2019-2032)
- SECTION 10 - GLOBAL RENEWABLE ENERGY MARKET, BY END-USE
- 10.1 End-Use Summary
- 10.2 Market Attractive Index
- 10.3 Global Renewable Energy Market, by End-Use (2019-2032)
- SECTION 11 - GLOBAL RENEWABLE ENERGY MARKET, BY GEOGRAPHY
- 11.1 Regional Summary
- 11.2 Market Attractive Index
- 11.3 Global Renewable Energy Market, by Geography (2019-2032)
- SECTION 12 - NORTH AMERICA RENEWABLE ENERGY MARKET
- 12.1 North America Summary
- 12.2 Market Attractive Index
- 12.3 North America Renewable Energy Market, by Type (2019-2032)
- 12.4 North America Renewable Energy Market, by Application (2019-2032)
- 12.5 North America Renewable Energy Market, by Capacity (2019-2032)
- 12.6 North America Renewable Energy Market, by Connectivity (2019-2032)
- 12.7 North America Renewable Energy Market, by End-Use (2019-2032)
- 12.8 North America Renewable Energy Market, by Country (2019-2032)
- 12.8.1 U.S.
- 12.8.2 Canada
- 12.8.3 Mexico
- 12.8.4 Rest of North America
- SECTION 13 - EUROPE RENEWABLE ENERGY MARKET
- 13.1 Europe Summary
- 13.2 Market Attractive Index
- 13.3 Europe Renewable Energy Market, by Type (2019-2032)
- 13.4 Europe Renewable Energy Market, by Application (2019-2032)
- 13.5 Europe Renewable Energy Market, by Capacity (2019-2032)
- 13.6 Europe Renewable Energy Market, by Connectivity (2019-2032)
- 13.7 Europe Renewable Energy Market, by End-Use (2019-2032)
- 13.8 Europe Renewable Energy Market, by Country (2019-2032)
- 13.8.1 Germany
- 13.8.2 U.K.
- 13.8.3 France
- 13.8.4 Italy
- 13.8.5 Spain
- 13.8.6 Russia
- 13.8.7 The Netherlands
- 13.8.8 Belgium
- 13.8.9 Turkey
- 13.8.10 Rest of Europe
- SECTION 14 - ASIA-PACIFIC RENEWABLE ENERGY MARKET
- 14.1 Asia-Pacific Summary
- 14.2 Market Attractive Index
- 14.3 Asia-Pacific Renewable Energy Market, by Type (2019-2032)
- 14.4 Asia-Pacific Renewable Energy Market, by Application (2019-2032)
- 14.5 Asia-Pacific Renewable Energy Market, by Capacity (2019-2032)
- 14.6 Asia-Pacific Renewable Energy Market, by Connectivity (2019-2032)
- 14.7 Asia-Pacific Renewable Energy Market, by End-Use (2019-2032)
- 14.8 Asia-Pacific Renewable Energy Market, by Country (2019-2032)
- 14.8.1 China
- 14.8.2 India
- 14.8.3 Japan
- 14.8.4 South Korea
- 14.8.5 Singapore
- 14.8.6 Malaysia
- 14.8.7 Australia
- 14.8.8 Thailand
- 14.8.9 Philippines
- 14.8.10 Rest of Asia-Pacific
- SECTION 15 - SOUTH AMERICA RENEWABLE ENERGY MARKET
- 15.1 South America Summary
- 15.2 Market Attractive Index
- 15.3 South America Renewable Energy Market, by Type (2019-2032)
- 15.4 South America Renewable Energy Market, by Application (2019-2032)
- 15.5 South America Renewable Energy Market, by Capacity (2019-2032)
- 15.6 South America Renewable Energy Market, by Connectivity (2019-2032)
- 15.7 South America Renewable Energy Market, by End-Use (2019-2032)
- 15.8 South America Renewable Energy Market, by Country (2019-2032)
- 15.8.1 Brazil
- 15.8.2 Argentina
- 15.8.3 Chile
- 15.8.4 Colombia
- 15.8.5 Rest of South America
- SECTION 16 - MIDDLE EAST AND AFRICA RENEWABLE ENERGY MARKET
- 16.1 Middle East and Africa Summary
- 16.2 Market Attractive Index
- 16.3 Middle East and Africa Renewable Energy Market, by Type (2019-2032)
- 16.4 Middle East and Africa Renewable Energy Market, by Application (2019-2032)
- 16.5 Middle East and Africa Renewable Energy Market, by Capacity (2019-2032)
- 16.6 Middle East and Africa Renewable Energy Market, by Connectivity (2019-2032)
- 16.7 Middle East and Africa Renewable Energy Market, by End-Use (2019-2032)
- 16.8 Middle East and Africa Renewable Energy Market, by Country (2019-2032)
- 16.8.1 Kingdom of Saudi Arabia
- 16.8.2 South Africa
- 16.8.3 U.A.E.
- 16.8.4 Egypt
- 16.8.5 Rest of Middle East and Africa
- SECTION 17 - COMPANY SHARE ANALYSIS
- 17.1 Global Renewable Energy Market, Company Share Analysis
- 17.2 North America Renewable Energy Market, Company Share Analysis
- 17.3 Europe Renewable Energy Market, Company Share Analysis
- 17.4 Asia-Pacific Renewable Energy Market, Company Share Analysis
- SECTION 18 - COMPANY PROFILES
- 18.1 ABB Ltd.
- 18.1.1 Company Snapshot
- 18.1.2 Financial Overview
- 18.1.3 Product Portfolio
- 18.1.4 Recent Developments
- 18.2 Acconia S.A.
- 18.2.1 Company Snapshot
- 18.2.2 Financial Overview
- 18.2.3 Product Portfolio
- 18.2.4 Recent Developments
- 18.3 Enel Spa
- 18.3.1 Company Snapshot
- 18.3.2 Financial Overview
- 18.3.3 Product Portfolio
- 18.3.4 Recent Developments
- 18.4 General Electric
- 18.4.1 Company Snapshot
- 18.4.2 Financial Overview
- 18.4.3 Product Portfolio
- 18.4.4 Recent Developments
- 18.5 Innergex
- 18.5.1 Company Snapshot
- 18.5.2 Financial Overview
- 18.5.3 Product Portfolio
- 18.5.4 Recent Developments
- 18.6 Invenergy
- 18.6.1 Company Snapshot
- 18.6.2 Financial Overview
- 18.6.3 Product Portfolio
- 18.6.4 Recent Developments
- 18.7 Schneider Electric
- 18.7.1 Company Snapshot
- 18.7.2 Financial Overview
- 18.7.3 Product Portfolio
- 18.7.4 Recent Developments
- 18.8 Siemens Gamesa Renewable Energy, S.A.
- 18.8.1 Company Snapshot
- 18.8.2 Financial Overview
- 18.8.3 Product Portfolio
- 18.8.4 Recent Developments
- 18.9 Suzlon Energy Ltd.
- 18.9.1 Company Snapshot
- 18.9.2 Financial Overview
- 18.9.3 Product Portfolio
- 18.9.4 Recent Developments
- 18.10 Tata Power
- 18.10.1 Company Snapshot
- 18.10.2 Financial Overview
- 18.10.3 Product Portfolio
- 18.10.4 Recent Developments
- SECTION 19 - RELATED REPORTS
- SECTION 20 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.