Authored By: Sarah
20 Apr 2022

Renewable Energy Market | Leading Segments, Trends, Drivers and Challenges

General Electric Co., Innergex Renewable Energy Inc., Invenergy, National Grid Plc, RWE AG, and Siemens Gamesa Renewable Energy SA are among the key vendors discussed in the research report

Global renewable energy market is likely to post an incremental growth of 1581.08 GW, accelerating at a CAGR of  8.72% during the forecast period. This research provides a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors and challenges that are likely to have a negative impact on market growth. This thorough research will equip clients with the insights necessary to plan and strategize a post-pandemic recovery plan.


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Renewable Energy Market | Growth Projections 2022-2026Renewable Energy Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • Market is segmented by Type (Hydropower, Wind, Solar, and Others) and Geography (APAC, Europe, North America, South America, and MEA).
  • 69% of the market growth will originate from APAC during the forecast period.
  • This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Renewable Energy Market size.

Renewable Energy Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Supportive policies by the government will be a significant factor in driving the growth of the Renewable Energy Market.
  • Rapid urbanization will be instrumental in driving market growth during the forecast period.
  • Competition from fossil fuels is a hurdle that needs to be crossed on the path to success.

Renewable Energy Market: Vendor Analysis

  • The market is fragmented.
  • Acciona SA, EnBW Energie Baden Wurttemberg AG, Enel Spa, General Electric Co., Innergex Renewable Energy Inc., Invenergy, National Grid Plc, RWE AG, Siemens Gamesa Renewable Energy SA, and Vestas Wind System AS are some of the major market participants.
  • The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.

Browse through some of other related market research reports for more insights:

  • Solar Energy Market in Czech Republic:  Decelerating at a CAGR of 6.45%, the solar energy market in Czech Republic is expected to post an incremental growth of 1.74 TWh units over the next five years.          
  • Solar Energy Market in Argentina: Decelerating at a CAGR of 70.64%, the Global Solar energy market in Argentina is expected to grow by 53.73 TWh units during the forecast period.
  • Solar Photovoltaic Services Market: Technavio’s Solar Photovoltaic Services Market is set to grow by $ 13.66 bn, and the market will be progressing at a CAGR of 16.64% till 2025.
  • Solar Hybrid Inverter Market: Technavio has been monitoring the global solar hybrid inverter market and it is expected to grow by $ 76.44 million, accelerating at a CAGR of almost 10% during the forecast period.
  • Global Energy Storage Market: The energy storage market is expected to grow by 50013.15 MW units, accelerating at a CAGR of almost 61.52% during the forecast period.
  • Smart Energy Market: The smart energy market will grow by $ 591.26 bn, fragmented at a CAGR of about 23% over the next five years.

Key Areas Covered in our Report:

  • Renewable Energy Market Split by Type
    • Hydropower
    • Wind
    • Solar
    • Others
  • Renewable Energy Market Split by Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Acciona SA
  • EnBW Energie Baden Wurttemberg AG
  • Enel Spa
  • General Electric Co.
  • Innergex Renewable Energy Inc.
  • Invenergy
  • National Grid Plc
  • RWE AG
  • Siemens Gamesa Renewable Energy SA
  • Vestas Wind System AS

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of 8.72%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by 1581.08 GW through 2022-2026.

     
  3. What is a key factor driving this market?
    Supportive policies will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    69% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Acciona SA, EnBW Energie Baden Wurttemberg AG, Enel Spa, General Electric Co., Innergex Renewable Energy Inc., Invenergy, National Grid Plc, RWE AG, Siemens Gamesa Renewable Energy SA, and Vestas Wind System AS

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (Hydropower, Wind, Solar, and Others) and Geography (APAC, Europe, North America, South America, and MEA)

Renewable Energy Market | Growth and Analysis
Recovery and Growth Insights for 2022-2026

Accelerating at a CAGR of  8.46%, the renewable energy market is expected to grow by post an incremental growth of 98.40 GW over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.


For more details: Request for our FREE Sample Report


Renewable Energy Market: Market Segments and Key Trends

The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by Type (solar, wind, hydropower, and others) and Geography (APAC, Europe, North America, South America, and MEA). 60% of the market growth will originate from APAC during the forecast period. However, competition from fossil fuels is one of the challenges that will need to be overcome to drive growth.

Renewable Energy Market: Leading Factors to Drive Market Growth

One of the primary factors that will drive market growth is the supportive government policies. The renewable energy market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.

Renewable Energy Market | Growth Projections 2022-2026

Vendor Analysis: Acciona SA, EnBW Energie Baden Wurttemberg AG and Enel Spa are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Acciona SA, EnBW Energie Baden Wurttemberg AG, Enel Spa, General Electric Co., Innergex Renewable Energy Inc., Invenergy, National Grid Plc, RWE AG, Siemens Gamesa Renewable Energy SA, and Vestas Wind System AS are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Renewable Energy Market: Key Highlights of the Report for 2022-2026

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive renewable energy market growth during the next five years
  • Precise estimation of the renewable energy market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the renewable energy market industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of renewable energy market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 8.46%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by 98.40 GW through 2022-2026.

     
  3. What is a key factor driving this market?
    Supportive government policies will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    60% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Acciona SA, EnBW Energie Baden Wurttemberg AG, Enel Spa, General Electric Co., Innergex Renewable Energy Inc., Invenergy, National Grid Plc, RWE AG, Siemens Gamesa Renewable Energy SA, and Vestas Wind System AS

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (solar, wind, hydropower, and others) and Geography (APAC, Europe, North America, South America, and MEA)
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