Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Renewable Energy Technology Market by Type (Solar, Wind, Geothermal, Bio Energy), By Application (Industry, Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Renewable Energy Technology Market by Type (Solar, Wind, Geothermal, Bio Energy), By Application (Industry, Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 297680 4200 Energy & Power 377 218 Pages 4.9 (44)
                                          

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.


Global Renewable Energy Technology Industry Outlook


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:

  1. Black and Veatch Holding
  2. First Solar
  3. Juwi
  4. Sunedison
  5. Hanwha Q Cells
  6. Martifer Solar
  7. Pomerleau
  8. Siemens(Gamesa)
  9. Prenecon
  10. M.A.Mortenson
  11. Suzlon Energy
  12. Orano
  13. Wood Group
  14. Ormat Technologies
  15. Mannvit
  16. EnBW
  17. Duke Energy
  18. Southern Company
  19. Exelon Corporation
  20. Hawaiian Electric
  21. RWE Group
  22. Vattenfall Europe
  23. Iberdrola

Global Renewable Energy Technology Market Overview


Highlights of The Renewable Energy Technology Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Solar
    2. Wind
    3. Geothermal
    4. Bio Energy
  1. By Application:

    1. Industry
    2. Commercial
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Renewable Energy Technology Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 â€“ 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

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