Market Overview:
The global renewable power market is expected to grow from USD 727.5 billion in 2018 to USD 1,717.8 billion by 2030, at a CAGR of 12.9% from 2018 to 2030. The growth of the global renewable power market can be attributed to the increasing demand for electricity and rising concerns about climate change and greenhouse gas emissions. The solar power segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing demand for solar energy across the globe due to its environment-friendly nature.
Product Definition:
Renewable power is a type of energy that comes from natural resources like the sun, water, wind and geothermal heat. It's important because it doesn't produce greenhouse gas emissions like traditional power sources like coal and oil.
Hydropower & Ocean Power:
Hydropower & Ocean Power, it's usage and growth factor in the renewable power market? Hydropower is the largest renewable source of energy. It is produced by damming a river. The water released from the reservoir flows towards turbines which generate electricity. Ocean Power refers to using wave motion, tidal movement or current ( ocean thermal). In this process energy is generated through turbines which are attached to an ocean shoreline.
Wind Power:
Wind power is the electricity generation from wind turbines. Wind turbines are used to capture the kinetic energy of wind and convert it into mechanical energy. The mechanical energy is then converted into electricity by generators.
The global increase in demand for renewable sources of energy has led to a rise in investments in various countries across the world, including Germany, China, India, and Italy among others for setting up new wind farms or expanding existing ones.
Application Insights:
The global renewable power market has been segmented into seven applications, namely industrial, commercial, residential, others (such as transportation & logistics), and utility. The utility application segment accounted for the largest share of over 50% in 2017. Increasing number of solar-based and wind-based projects in countries such as China and India are expected to drive the growth of this segment over the forecast period.
The utility sector is one that uses large amounts of electricity due to its extensive usage across various sectors including telecommunication services; transport; financial services; healthcare; government activities like security & surveillance systems at airports and seaports among others.
Regional Analysis:
Asia Pacific accounted for the largest market share of more than 30% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing government support and rising awareness among people regarding the benefits of renewable power. China, India, Australia, and Japan are some of the countries that have adopted various policies related to renewable power generation over a long term. For instance, in 2015 China implemented a ten-year plan for wind energy which covered installation of around 60 GW capacity by 2020.
North America is anticipated to grow at a CAGR exceeding 6% from 2018 to 2030 due its early adoption of hydropower along with other forms including wind & solar PV power generation along with bioenergy (wood waste). In addition North America witnessed high demand for clean energy sources as U.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting renewable power development
- Declining costs of renewable power technologies
- Rising awareness of the benefits of renewable power among consumers and businesses
- Expansion of the electric grid to connect more remote areas with renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Renewable Power Market Research Report
By Type
Hydropower & Ocean Power, Wind Power, Solar Power, Bio-power, Geothermal Power
By Application
Industrial, Commercial, Residential, Others
By Companies
Enel, Vattenfall, Iberdrola, Tokyo Electric Power, Xcel Energy, ACCIONA, RWE Group, Exelon, Hawaiian Electric, Duke Energy, Enel, Tata Power, EnBW, Invenergy, China Three Gorges Corporation, China Huaneng Group, SDIC Power Holdings, China Energy, China Datang Corporation, China Resources Power
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Renewable Power Market Report Segments:
The global Renewable Power market is segmented on the basis of:
Types
Hydropower & Ocean Power, Wind Power, Solar Power, Bio-power, Geothermal Power
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
Industrial, Commercial, Residential, Others
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:
- Enel
- Vattenfall
- Iberdrola
- Tokyo Electric Power
- Xcel Energy
- ACCIONA
- RWE Group
- Exelon
- Hawaiian Electric
- Duke Energy
- Enel
- Tata Power
- EnBW
- Invenergy
- China Three Gorges Corporation
- China Huaneng Group
- SDIC Power Holdings
- China Energy
- China Datang Corporation
- China Resources Power
Highlights of The Renewable Power 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:
- Hydropower & Ocean Power
- Wind Power
- Solar Power
- Bio-power
- Geothermal Power
- By Application:
- Industrial
- Commercial
- Residential
- Others
- 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 Power 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 power is energy that comes from sources that can be regenerated or replaced, such as solar, wind, hydroelectricity and geothermal.
Some of the major companies in the renewable power market are Enel, Vattenfall, Iberdrola, Tokyo Electric Power, Xcel Energy, ACCIONA, RWE Group, Exelon, Hawaiian Electric, Duke Energy, Enel, Tata Power, EnBW, Invenergy, China Three Gorges Corporation, China Huaneng Group, SDIC Power Holdings, China Energy, China Datang Corporation, China Resources Power.
The renewable power market is expected to grow at a compound annual growth rate of 12.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Renewable Power 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 Power Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Renewable Power 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 Power 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 Power Market Size & Forecast, 2018-2028
4.5.1 Renewable Power Market Size and Y-o-Y Growth
4.5.2 Renewable Power Market Absolute $ Opportunity
Chapter 5 Global Renewable Power 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 Power Market Size Forecast by Type
5.2.1 Hydropower & Ocean Power
5.2.2 Wind Power
5.2.3 Solar Power
5.2.4 Bio-power
5.2.5 Geothermal Power
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Renewable Power 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 Power Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Residential
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Renewable Power 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 Power 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 Power Analysis and Forecast
9.1 Introduction
9.2 North America Renewable Power 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 Power Market Size Forecast by Type
9.6.1 Hydropower & Ocean Power
9.6.2 Wind Power
9.6.3 Solar Power
9.6.4 Bio-power
9.6.5 Geothermal Power
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 Power Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Residential
9.10.4 Others
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 Power Analysis and Forecast
10.1 Introduction
10.2 Europe Renewable Power 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 Power Market Size Forecast by Type
10.6.1 Hydropower & Ocean Power
10.6.2 Wind Power
10.6.3 Solar Power
10.6.4 Bio-power
10.6.5 Geothermal Power
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 Power Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Residential
10.10.4 Others
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 Power Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Renewable Power 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 Power Market Size Forecast by Type
11.6.1 Hydropower & Ocean Power
11.6.2 Wind Power
11.6.3 Solar Power
11.6.4 Bio-power
11.6.5 Geothermal Power
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 Power Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Residential
11.10.4 Others
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 Power Analysis and Forecast
12.1 Introduction
12.2 Latin America Renewable Power 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 Power Market Size Forecast by Type
12.6.1 Hydropower & Ocean Power
12.6.2 Wind Power
12.6.3 Solar Power
12.6.4 Bio-power
12.6.5 Geothermal Power
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 Power Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Residential
12.10.4 Others
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 Power Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Renewable Power 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 Power Market Size Forecast by Type
13.6.1 Hydropower & Ocean Power
13.6.2 Wind Power
13.6.3 Solar Power
13.6.4 Bio-power
13.6.5 Geothermal Power
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 Power Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Residential
13.10.4 Others
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 Power Market: Competitive Dashboard
14.2 Global Renewable Power Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Enel
14.3.2 Vattenfall
14.3.3 Iberdrola
14.3.4 Tokyo Electric Power
14.3.5 Xcel Energy
14.3.6 ACCIONA
14.3.7 RWE Group
14.3.8 Exelon
14.3.9 Hawaiian Electric
14.3.10 Duke Energy
14.3.11 Enel
14.3.12 Tata Power
14.3.13 EnBW
14.3.14 Invenergy
14.3.15 China Three Gorges Corporation
14.3.16 China Huaneng Group
14.3.17 SDIC Power Holdings
14.3.18 China Energy
14.3.19 China Datang Corporation
14.3.20 China Resources Power
