The global Clean Energy Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Globally, the production of clean energy has grown at an accelerated rate during the past two decades. Early policy developments and technological improvements have led to reduced deployment costs. Solar energy has taken a large share of global production in recent years, growing at a faster rate than other clean energy sources. Along with nuclear power, several other sources of clean energy are also becoming increasingly popular, including waste-to-energy plants, renewables, and natural gas. These sources are eligible for ZEC, however, they don't yet have a tradable credit market. Consequently, the cost of credits generated by nuclear plants can be higher than other clean energy sources.
Market Drivers:
Growing industrialization and commercialization across the globe is expected to propel the growth of the global clean energy market over the forecast period. According to the Ministry of Statistics and Program Implementation (MOSPI), in March 2022, industrial production in India increased by 1.9% beating market estimates of 1.7% increase.
Moreover, increasing awareness and concerns regarding the atmosphere and carbon emission is also expected to boost the growth of the global clean energy market over the forecast period.
Market Restraints:
High cost of initial investment for infrastructure construction and the lack of skilled professionals to operate and maintain new technologies is expected to hinder growth of the global clean energy market over the forecast period.
Regional Insights:
Asia Pacific is expected to witness robust growth in the global clean energy market over the forecast period. This is attributed to increasing industrialization, increasing population and growing consumption of renewable energy in countries such as India and China in the region.
Furthermore, Europe is also expected to witness significant growth in the global clean energy market over the forecast period. This is due to increasing initiatives by the government such as the European Green Deal in the region.
Key players in the market:
Major players operating in the global clean energy market are SolarReserve, Kior, GE, Elevance, Brightsource, ACWA Power, TSK, MEIL, Sener, Godawari, ACSCobra, Abengoa, Acciona, Amyris, ZKTeco, ClearFuels, RioglassSolar, Sapphire Energy, Solena Fuels, and Solazyme.
In January 2022, ACWA Power, a leading investor, developer and operator of power generation, green hydrogen plants and desalinated water, inaugurated Ibri 2, the first-ever solar independent power project (IPP) that will be launched under the national renewable energy program of Saudi Arabia and connected to the main national grid.
The Clean Energy Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Clean Energy Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Kior
- Elevance
- ACWA Power
- MEIL
- Godawari
- Abengoa
- Amyris
- ClearFuels
- Sapphire Energy
- Solazyme
- Solena Fuels
- RioglassSolar
- ZKTeco
- Acciona
- ACSCobra
- Sener
- TSK
- Brightsource
- GE
- SolarReserve
By the Product Type, the market is primarily segmented into:
- Solar Photovoltaic
- Liquid Biofuels
- Hydropower
- Wind Energy
- Biogas
- Geothermal Energy
By Applications, the market is segmented into:
- Residential
- Commercial
- Transportation
- Power Industry
- Industrial
- Other
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Clean Energy Market Report:
- To assess the size of the market by value and volume
- Analyze the Clean Energy Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine the share of the Clean Energy Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Clean Energy Market
The Clean Energy Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Clean Energy Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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