Global Renewable Energy Market to Rise at a CAGR of 11.5% During 2017–2025

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Portland, OR — (SBWIRE) — 09/14/2017 — Global Renewable Energy Market– Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025″, the industry is anticipated to register a CAGR of 11.5% during the forecast period, 2017–2025. The research offers potentials of the market in terms of market dynamics which would help new entrants to gain insight into the current as well as future market trends.

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The research describes the global renewable energy market in terms of scope and product. It comprises of summary of the industry in reference to market attractiveness, trends, and competitive scenarios. It incorporates the Porter’s Five Forces Analysis (PFFA) to have a comprehensive know-how of these landscapes in the industry. It evaluates them based on bargaining power of customers & buyers, threat of substitutes & new entrants, and industry rivalry. It segments the market into source, type, region, and application.

Based on source, the report classifies the global renewable energy market into wind, oceanic, sunlight, geothermal heat, and biomass. Oceanic sources are further bifurcated into thermal and tides. Types of the industry include biofuels, wind energy, solar photovoltaic, hydroelectric power, and geothermal energy. The types are further categorized, such as in biofuels it includes solid, gaseous, and liquid. In solar photovoltaic, it encompasses amorphous/thin-film silicon photovoltaic and crystalline silicon photovoltaic. The crystalline silicon photovoltaic is split into polycrystalline silicon photovoltaic and monocrystalline silicon photovoltaic. In wind energy, it incorporates vertical axis wind turbines and horizontal axis wind turbines. The geothermal energy includes dry steam, binary cycle, and flash steam.

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Based on geography, the study segments the global renewable energy market into North America, Asia-Pacific, Europe, and Latin America Middle East & Africa (LAMEA). The report further classifies regions of the industry, such as the North America region, countries explored are Canada, U.S., and Mexico. In the Europe, nations discussed are France, U.K., Germany, Italy, and Spain. In the Asia-Pacific region, nations assessed are Japan, China, India, South Korea, and Australia. The LAMEA countries included are South Africa, Brazil, and Saudi Arabia. The study analyzes market share by applications, geographies, types, and sources for the period, 2014–2025.

The research evaluates size of the global renewable energy market by each source by region during the historic as well as forecast period, 2014–2016 and 2017–2025, respectively. It assesses the aforementioned parameters by every source, application, and region for the historic period and forecast period. It discusses major manufacturers of the industry, such as Archer Daniels Midland Company, Yingli Green Energy Hold. Co. Ltd., Suntech Power Holding Co. Ltd, U.S. Geothermal Inc., Trina Solar Ltd, Hydro-Quebec, Q-Cells SE, Amesa Corporacion Technologica SA, Cosan SA Industria E Comercio., and Enercon GmbH. The experts assess each vendor based on different strategies adopted by them in order to keep themselves updated about evolvement in market trends. These strategies include collaboration, product development, acquisition, and product approval. Further, they business & finance segments and recent development. They also offer an overview of every top vendor.

In addition, the research helps to explore factors that drive and impede growth of the global renewable energy market. The aspects that propel progress of the industry include shifts in preferences and increase in awareness towards practices that are ecofriendly. Apart from this policies and schemes supported by government, such as regulations, funds, and tax incentives motivate market plyers to bring novel technologies. Alternative factor that causes rise of the industry includes gradual increase in pollution and requirement to get accustomed to environment friendly technologies. The analysts also highlight factor that restrict growth of the market, such as complications in processing of operation combined with high costs during initial investments.

Further, it offers numerous takeaways of the global renewable energy markets, such as it provides great competitive edge to manufacturers, stakeholders, and new entrants. These are comprehensive evaluation of aspects that are have potential to restrict or drive the industry. The experts explore competitive scenario which helps them to understand the present rivalry within the geographical locations. Further, they assess the opportunities that prevail within these regional distributions. An in-depth assessment of developments in the market aids manufacturers and new entrepreneurs to understand the industry behavior. The research thoroughly follows the status of the products and also provides a substantial examination of top manufacturers of the market framework.

The study illustrates the above mentioned parameters of the global renewable energy market through tables and figures. For instance, there are table that depict market value of each type, source, and application by region for the forecast period. There a few tables that show market share by geographies, sources, types, and applications during the historic period. It depicts the same characteristics through figures.

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