Market Overview:
The global renewable energy technology market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for clean and sustainable energy sources across the globe. In addition, government initiatives and regulations supporting the deployment of renewable energy technologies are also contributing to the growth of this market. The solar segment is expected to lead the global renewable energy technology market in terms of revenue during the forecast period. This can be attributed to declining costs of solar photovoltaic (PV) systems, coupled with rising awareness about solar power among consumers worldwide.
Product Definition:
Renewable energy technology is a collection of technologies that use renewable resources to produce energy. Renewable resources are those that can be replenished within a human lifetime, such as solar, wind, water, and geothermal power. Renewable energy technology is important because it helps reduce greenhouse gas emissions and the reliance on fossil fuels.
Solar:
Solar is the free, non-toxic, renewable energy source that comes from the sun. It can be used to generate electricity and it can also be used for thermal purposes. The technology has been around for many years but has only recently started to grow at a significant rate owing to government support and increasing awareness among consumers across the world.
Wind:
Wind is the free and continuous movement of air due to the thermal wind energy captured by turbines. Wind power technology includes four basic elements; turbine, tower, nacelle (generator), and gearbox. The turbine blades capture the wind's energy which is then converted into electricity by a generator in the nacelle.
Application Insights:
The industry application segment accounted for the largest market share of more than 70% in 2017. The segment is anticipated to witness significant growth over the forecast period owing to increasing government support and initiatives for promoting investments in various stages, particularly solar and wind energy projects.
Industrial applications include manufacturing facilities, data centers, hospitals, educational institutions and corporate offices. These applications are estimated to contribute significantly towards revenue growth over the next eight years on account of growing industrialization along with urbanization across developing countries such as India and China. In addition, these markets are expected to offer numerous opportunities due to ongoing technological advancements that can help reduce costs while improving efficiency in both large-scale as well as small-scale installations across a range of industries including food & beverage processing; chemical; paper; cement; mining equipment manufacturer among others (read full list).
Regional Analysis:
Asia Pacific is anticipated to witness the highest CAGR of XX% during the forecast period. Countries such as China and Japan are expected to lead in terms of market size. The presence of large scale renewable energy resources, coupled with supportive government policies, has led to a significant increase in investments for developing these technologies across this region.
China is one among the top five producers of wind power worldwide and also has large scale geothermal reserves which it is yet to utilize properly owing to lack of proper infrastructure. Moreover, its solar industry experienced remarkable growth due to favorable government policies encouraging investment through feed-in tariffs and other financial incentives that have resulted in growing installations across this nation since 2010s; hence making it one among the largest markets for global renewable energy technology providers over last few years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting renewable energy technology
- Reduction in the cost of renewable energy technology due to technological advancements and economies of scale
- Rising awareness about the benefits of renewable energy technology among consumers and businesses
- Growing investment in renewable energy technology by private sector companies and governments
Scope Of The Report
Report Attributes
Report Details
Report Title
Renewable Energy Technology Market Research Report
By Type
Solar, Wind, Geothermal, Bio Energy
By Application
Industry, Commercial
By Companies
Black and Veatch Holding, First Solar, Juwi, Sunedison, Hanwha Q Cells, Martifer Solar, Pomerleau, Siemens(Gamesa), Prenecon, M.A.Mortenson, Suzlon Energy, Orano, Wood Group, Ormat Technologies, Mannvit, EnBW, Duke Energy, Southern Company, Exelon Corporation, Hawaiian Electric, RWE Group, Vattenfall Europe, Iberdrola
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Renewable Energy Technology Market Report Segments:
The global Renewable Energy Technology market is segmented on the basis of:
Types
Solar, Wind, Geothermal, Bio Energy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industry, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Black and Veatch Holding
- First Solar
- Juwi
- Sunedison
- Hanwha Q Cells
- Martifer Solar
- Pomerleau
- Siemens(Gamesa)
- Prenecon
- M.A.Mortenson
- Suzlon Energy
- Orano
- Wood Group
- Ormat Technologies
- Mannvit
- EnBW
- Duke Energy
- Southern Company
- Exelon Corporation
- Hawaiian Electric
- RWE Group
- Vattenfall Europe
- Iberdrola
Highlights of The Renewable Energy Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solar
- Wind
- Geothermal
- Bio Energy
- By Application:
- Industry
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Renewable Energy Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Renewable energy technology is a collection of technologies that can generate electricity from sources that are not traditionally considered to be renewable, such as wind, solar, and hydro power.
Some of the major companies in the renewable energy technology market are Black and Veatch Holding, First Solar, Juwi, Sunedison, Hanwha Q Cells, Martifer Solar, Pomerleau, Siemens(Gamesa), Prenecon, M.A.Mortenson, Suzlon Energy, Orano, Wood Group, Ormat Technologies, Mannvit, EnBW, Duke Energy, Southern Company, Exelon Corporation, Hawaiian Electric, RWE Group, Vattenfall Europe, Iberdrola.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Renewable Energy Technology Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Renewable Energy Technology Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Renewable Energy Technology Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Renewable Energy Technology Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Renewable Energy Technology Market Size & Forecast, 2018-2028 4.5.1 Renewable Energy Technology Market Size and Y-o-Y Growth 4.5.2 Renewable Energy Technology Market Absolute $ Opportunity
Chapter 5 Global Renewable Energy Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Renewable Energy Technology Market Size Forecast by Type
5.2.1 Solar
5.2.2 Wind
5.2.3 Geothermal
5.2.4 Bio Energy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Renewable Energy Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Renewable Energy Technology Market Size Forecast by Applications
6.2.1 Industry
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Renewable Energy Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Renewable Energy Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Renewable Energy Technology Analysis and Forecast
9.1 Introduction
9.2 North America Renewable Energy Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Renewable Energy Technology Market Size Forecast by Type
9.6.1 Solar
9.6.2 Wind
9.6.3 Geothermal
9.6.4 Bio Energy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Renewable Energy Technology Market Size Forecast by Applications
9.10.1 Industry
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Renewable Energy Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Renewable Energy Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Renewable Energy Technology Market Size Forecast by Type
10.6.1 Solar
10.6.2 Wind
10.6.3 Geothermal
10.6.4 Bio Energy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Renewable Energy Technology Market Size Forecast by Applications
10.10.1 Industry
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Renewable Energy Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Renewable Energy Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Renewable Energy Technology Market Size Forecast by Type
11.6.1 Solar
11.6.2 Wind
11.6.3 Geothermal
11.6.4 Bio Energy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Renewable Energy Technology Market Size Forecast by Applications
11.10.1 Industry
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Renewable Energy Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Renewable Energy Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Renewable Energy Technology Market Size Forecast by Type
12.6.1 Solar
12.6.2 Wind
12.6.3 Geothermal
12.6.4 Bio Energy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Renewable Energy Technology Market Size Forecast by Applications
12.10.1 Industry
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Renewable Energy Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Renewable Energy Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Renewable Energy Technology Market Size Forecast by Type
13.6.1 Solar
13.6.2 Wind
13.6.3 Geothermal
13.6.4 Bio Energy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Renewable Energy Technology Market Size Forecast by Applications
13.10.1 Industry
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Renewable Energy Technology Market: Competitive Dashboard
14.2 Global Renewable Energy Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Black and Veatch Holding
14.3.2 First Solar
14.3.3 Juwi
14.3.4 Sunedison
14.3.5 Hanwha Q Cells
14.3.6 Martifer Solar
14.3.7 Pomerleau
14.3.8 Siemens(Gamesa)
14.3.9 Prenecon
14.3.10 M.A.Mortenson
14.3.11 Suzlon Energy
14.3.12 Orano
14.3.13 Wood Group
14.3.14 Ormat Technologies
14.3.15 Mannvit
14.3.16 EnBW
14.3.17 Duke Energy
14.3.18 Southern Company
14.3.19 Exelon Corporation
14.3.20 Hawaiian Electric
14.3.21 RWE Group
14.3.22 Vattenfall Europe
14.3.23 Iberdrola