Renewable source of energy is gaining a strong foothold in the energy industry. Sources such as solar power, wind power, and water power are commonly used to produce renewable energy. Global warming and air & water pollution are the major issues surrounding the use of fossil fuel in energy generation. With the rise in the average temperature of the earth's climate system and the ever-increasing demand for energy, the renewable source of energy provides the best solution to tackle the side effect of using fossil fuels. The carbon footprint produced by the renewable source of energy is significantly low as compared to other fossil fuels, which reduces the impact of global warming. Furthermore, high demand for energy by developed countries propels them towards the use of renewable sources to cater to their requirement.

The demand for renewable source of energy is fueled by increase in demand for energy coupled with depletion of non-renewable source of energy such as petroleum, coal, and natural gas. Furthermore, the market is driven by increase in awareness about environmental safety and security. However, high cost of investment for the infrastructural setup impedes this market growth. Continuous development of new technologies in renewable source and increased government funding offer new opportunities for market expansion.

The global renewable energy market is segmented based on type, end user, and geography. On the basis of type, it is divided into hydro & ocean power, wind energy, solar energy, bioenergy, and geothermal energy. By end user, it is classified into residential, commercial, and industrial & others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key market players in this sector include General Electric (GE Power), CPFL Energia S.A., Terra-Gen, LLC, Tata Power Company Limited, IHI Corporation, Alstom SA, Shenzhen Energy Group Co., Ltd., ABB Ltd., Mitsubishi Heavy Industry, and Enel Green Power S.P.A.

Key benefits for stakeholders

This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2014-2025, which assist to identify the prevailing market opportunities.
Major countries in each region are mapped as per key trends and opportunities of the market and presence of major players.
Region-wise and country-wise market conditions are comprehensively analyzed in the report.
Key players of the renewable energy market are also listed.
This study evaluates value chain to understand the competitive environment across geographies.
An in-depth analysis of segmentation is provided to elucidate the dominant opportunities.

Key market Renewable Energy Market key segments:

By Type

Hydro & Ocean Power
Wave Energy
Tidal Energy
Other
Wind Energy
Offshore
Onshore
Solar Energy
Solar PV
CSP
Bioenergy
Bio-alcohol
Biomass
Bio-diesel
Others
Geothermal Energy

By End User

Residential
Commercial
Industrial & Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA