The global renewable energy industry includes solar, wind, hydro, biofuels and others, that are less carbon-intensive and create a more sustainable renewable energy system. The factors that were fueling the growth of the renewable energy market before the COVID-19 pandemic include rising concern about the safety of the environment coupled with a growing energy crisis. Additionally, the cost-effectiveness offered using renewable energy is also contributing significantly to the growth of the global renewable energy market.
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However, with the outbreak of COVID-19 since December 2019, the market of global renewable energy has shown discouraging growth rates. The COVID-19 virus was novel in nature and hence the government organizations across the globe published guidelines to quarantine oneself from the crowd and stay at home. Due to lockdowns, the global supply chains are affected and a considerable slowdown in production was observed. Sectors such as the wind industry are experiencing logistical delays. The logistic delays are resulting in delays in new project development. Moreover, due to the decrease in prices of crude oil, the demand for renewable energy can decrease in the near future.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Segmentation
- Solar Panel Industry
- Wind Power Industry
- Hydro Power Industry
- Other Industries
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Companies Profile
- Canadian Solar Inc.
- Enercon GmbH
- GE Renewable Energy
- Hanwha Q Cells Co., Ltd.
- JA Solar Holdings Co., Ltd.
- JinkoSolar Holding Co., Ltd.
- Nordex SE
- Senvion S.A.
- Siemens AG
- SunPower Corp.
- Trina Solar Co.,Ltd
- Vestas Wind Systems A/S
The Report Covers
- Comprehensive research methodology of the global renewable energy industry.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global renewable energy industry.
- Insights about market determinants that are stimulating the global renewable energy industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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