The global renewable energy market is being driven by the rising investments in the industry. In 2017, around USD 280 billion of global investments were made into renewable energy, which is further expected to increase manifolds over the forecast period. North America is one of the leading regions in the global renewable energy market due to the availability of advanced technologies, with the United States as its major market. By 2025, the United States aims to increase its contribution to the renewable energy industry by 30%. The Asia Pacific is emerging as the fastest-growing market for renewable energy, accounting for nearly 27% of the global market share. Within the Asia Pacific, China and India together form the leading renewable energy markets having almost 75% of the installed capacity of renewable energy. In 2018, China heavily invested in renewable energy projects having a total capacity of nearly 696 gigawatts and emerged as the leading country, dominating the global market in three renewable energy technologies, namely, wind, hydropower, and solar energy.
With the growing environmental concern, the global demand for adopting renewable technologies has witnessed a rapid growth, pushing leading players in the industry to develop advanced solutions. In July 2019, JinkoSolar Holding Co., Ltd. (NYSE: JKS), a leading player in the industry and one of the world’s largest solar module manufacturers, announced the completion of the world’s largest solar plant of 1,177MWp, jointly developed with Japan’s Marubeni Corp. and Emirates Water and Electricity Company (EWEC). This project, which costs AED 3.2 billion, has utilised JinkoSolar’s highly efficient mono panels, attracting the world’s most competitive tariff of 2.42 cents per kilowatt hour. As scheduled, the commercial operations at this plant have also started at Sweihan in Abu Dhabi. Further, in August, JinkoSolar announced the expansion of its mono wafer production capacity to 18 GW at its production facility in Leshan, Sichuan Province, by adding 5GW of further capacity. The full production of the additional 5GW of production capacity is expected to begin during the second quarter of 2020. These efforts are in response to the emerging issues due to climate change and the rising demand for sustainable development.
Market Breakup by Types and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global renewable energy market are First Solar, Inc., Suzlon Energy Ltd., Vestas Wind Systems A/S, Conergy Energy Systems, Senvion S.A., Trina Solar Limited, Ørsted A/S, Vattenfall AB, JinkoSolar Holding Co., Ltd, Tata Power Solar Systems Ltd., and Enel Green Power S.p.A., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
"Global Renewable Energy Market: By Type: Solar, Wind, Hydro, Biomass, Geothermal; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Value Chain Analysis; Energy Tariff Rates; Competitive Landscape & Supplier Analysis; Events and Developments"
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The global solar energy storage market is being driven by the escalated energy demand globally. The industry is further enhanced by the rising investments in renewable energy sources. China and the Un...
The global solar lighting system market attained a value of about USD 5.5 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 15.8% to reach USD 13...
The Europe renewable energy market is driven by the diverse fuel sources distributed across the continent. The industry is expected to be driven by the phasing out of nuclear plants on the continent, ...
North America is among the leading countries having sustainable energy technologies and infrastructure. The North America renewable energy industry is being driven by the increasing growth in solar PV...
The Latin America renewable energy industry is expected to be driven by the steady growth in hydro and biomass across the region. Hydropower is the leading sector in the region, accounting for nearly ...