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Global Green Power Market: Wind, Solar, Low Impact Hydro, Biomass, Others; By End Use: Buildings, Industrial, Non-combusted, Transport, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Green Power Market Outlook

The global green power market attained a value of nearly USD 45.99 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 12.3% to reach a value of around USD 95.28 billion by 2026.

 

Rising Environmental Awareness Owing to Rapid Climate Change to Cater to the Growth of the Green Power Industry

The global green power industry is expected to witness robust growth owing to rising awareness regarding the adverse impact of greenhouse gases (GHGs). Moreover, the extensive emission of carbon dioxide, nitrous oxide, and methane, among others, due to the use of outdated forms of energy extraction through fossil fuels is propelling the market growth. Also, the depletion of fossil fuels owing to their extensive usage is increasing the demand for green power, which is augmenting the industry growth. The growing demand for renewable energy sources,  the rapid electrification of the transportation and industrial sectors, and the expansion of the electrical value chain in the oil and gas industry are driving the growth of green power energy. These developments may encourage collaboration, resulting in new business models and a faster energy transition, thus boosting the green power industry.

 

Global Green Power Market

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Various innovations, as well as advantages associated with renewable energy, are resulting in faster energy transition, thus boosting the green power industry. Many industry stakeholders are contemplating hydrogen production and storage projects, in addition to wind and solar, as a strategy to reduce carbon emissions as decarbonisation progresses. This is increasing the development of green hydrogen due to the expansion of power grids and other renewable energy sources. Its potential to operate as a seasonal storage of fuel, which can be accessed on-demand to generate power for grid balancing, is providing impetus to the market growth.

 

Green Power: Industry Definition and Segmentation

Green power is a subset of renewable energy that includes renewable energy resources and technologies that have the greatest environmental value. Green power is referred to as electricity generated from solar, wind, geothermal, biogas, suitable biomass, and low-impact small hydropower sources. Green power is popular among customers because of its low carbon footprint and zero emissions profile.

The major power sources of green power are:

  • Wind   
  • Solar  
  • Low Impact Hydro  
  • Biomass 
  • Others

The market can be broadly categorised on the basis of its end uses into:

  • Buildings 
  • Industrial 
  • Non-combusted 
  • Transport 
  • Others

The EMR report looks into the regional markets of green power like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Technological Advancement to Boost the Green Power Industry

More power-to-x ventures may emerge at the junction of the power sector and adjacent industries as the timescale to commercialise green hydrogen and novel storage technologies advances. As a result of the increased participation of different cross-sectoral firms, energy industry convergence may be accelerated and deal activity across the electrical value chain may expand. This is expected to augment the market growth. Due to the increasing efficiency of hybrid projects, battery storage business models are proliferating at the front of the metre, as well as behind the metre, according to FERC's recent rule allowing distributed energy resources to engage in wholesale markets. Energy storage is swiftly becoming one of the most popular asset types in the market, which is bolstering the market growth. Storage use cases are becoming more cost-effective due to technological advancements, which are enabling multi-functional storage ranging from supplementary grid services to on-demand electricity, which is anticipated to boost the market growth.

 

Key Industry Players in the Global Green Power Market

The report presents a detailed analysis of the following key players in the global green power market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Adani Green Energy Limited 
  • General Electric 
  • JinkoSolar Holding Co. Ltd. 
  • NextEra Energy, Inc. 
  • Siemens AG 
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Power Source, End Use, Region
Breakup by Power Source Wind, Solar, Low Impact Hydro, Biomass, Others
Breakup by End Use Buildings, Industrial, Non-combusted, Transport, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Adani Green Energy Limited, General Electric, JinkoSolar Holding Co. Ltd., NextEra Energy, Inc., Siemens AG, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Green Power Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Green Power Historical Market (2016-2020) 
    8.3    Global Green Power Market Forecast (2021-2026)
    8.4    Global Green Power Market by Power Source
        8.4.1    Wind  
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Solar 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Low Impact Hydro 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Biomass
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Green Power Market by End Use
        8.5.1    Buildings
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Industrial
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Non-combusted
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Transport
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others 
    8.6    Global Green Power Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    Germany
            9.2.3.2    United Kingdom
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    India 
            9.3.3.3    Japan
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Adani Green Energy Limited
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    General Electric
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    JinkoSolar Holding Co. Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    NextEra Energy, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Siemens AG
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Green Power Market: Key Industry Highlights, 2016 and 2026
2.    Global Green Power Historical Market: Breakup by Power Source (USD Billion), 2016-2020
3.    Global Green Power Market Forecast: Breakup by Power Source (USD Billion), 2021-2026
4.    Global Green Power Historical Market: Breakup by End Use (USD Billion), 2016-2020
5.    Global Green Power Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6.    Global Green Power Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Green Power Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Green Power Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Green Power Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Green Power Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Green Power Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Green Power Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Green Power Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Green Power Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Green Power Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Green Power Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Green Power Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Global Green Power Market Structure

Key Questions Answered in the Report

In 2020, the global green power market attained a value of nearly USD 45.99 billion.

The market is projected to grow at a CAGR of 12.3 % between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach around USD 95.28 billion by 2026.

The industry is being aided by the  rising environmental awareness  due to surging greenhouse emissions through conventional form of energy, and the rising demand for green power in the industrial sector.

The industry for green power is expected to be driven by the various favourable government initiatives to control the pollution through emission of fuels, the incentives provided by various governments to increase the use of green power as an energy source, and  technological advancements.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major power sources  of green power in the industry are wind, solar, low impact hydro, and biomass, among others.

The significant end uses of  green power in the market are buildings, industrial, non-combusted, and transport, among others.

The major players in the industry are Adani Green Energy Limited, General Electric, JinkoSolar Holding Co. Ltd., NextEra Energy, Inc., and Siemens AG, among others.

Analyst Review

The global green power market attained a value of about USD 45.99 billion in 2020, driven by the rising use of green power in various industries. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 12.3%. The market is projected to reach around USD 95.28 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its power source, the green power industry can be segmented into wind, solar, low impact hydro, and biomass, among others. On the basis of end use, the industry is divided into buildings, industrial, non-combusted, and transport, among others. The major regional markets for green power are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Adani Green Energy Limited, General Electric, JinkoSolar Holding Co. Ltd., NextEra Energy, Inc., and Siemens AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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