Rise in Awareness about Carbon Footprint Management Expected to Drive Global Renewable Energy Market: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Renewable energy is energy generated from natural resources such as sunlight, rain, wind, tides, waves, and geothermal heat. Its facilities generally require less maintenance than traditional generators. It often provides energy in four important areas: air & water heating/cooling, transportation, electricity generation, and rural (off-grid) energy services. The key benefits are included a cost-effective, clean source of power that can be built on existing farms, low maintenance, reduce electricity bills, environment-friendly and abundant supply. Besides this, some of the drawbacks are included environmental damage, wind reliability, expensive to set up, noise & visual pollution, etc. According to study, “Global Renewable Energy Market Size study, by Type (Hydro & Ocean Power, wind energy, solar energy, bioenergy, and geothermal energy) End-user (commercial, residential and industrial & others) and Regional Forecasts 2018-2025” the key companies operating in the global renewable energy market are ENEL GREEN POWER S.P.A., Shenzhen Energy Group Co Ltd., ABB LTD., Mitsubishi Heavy Industries, Alstom SA, Tata Power Company Ltd., CPFL Energia S.A., IHI Corporation, General Electric, TERRA-GEN LLC. Based on the type, the renewable energy market is segmented into wind energy (onshore wind energy and offshore wind energy), bioenergy, hydro & ocean power (tidal energy and wave energy), solar energy and geothermal energy. Bioenergy segment includes bio-ethanol and biodiesel. The solar energy segment includes sub-segmented into silicon, crystalline thin film, and others. The solar energy segment holds the major share in the market owing to the rise in government initiatives promoting solar energy. Based on the application, the market is segmented into heating, electricity, and transportation. In addition, based on end-user, the market is segmented into residential, commercial, industrial and others. The commercial segment is estimated to witness higher growth rate due to growth in demand for energy during the forecast period. The renewable energy market is driven by a rise in awareness about the carbon footprint management, followed by an increase in government funding & continuous technological advancements, rise in problem of the energy crisis, significant increase in research & development (R&D) activities, rise in integration of renewable grids with smart grid technology, growth in carbon footprints, increase in the shift towards low-carbon or no-carbon technologies, for instance, solar, wind, and hydropower, growth in concern about safety & security of the environment and rise in emissions of greenhouse gases (GHGs). However, high manufacturing costs and the limited presence of fossil fuel may impact the market. Moreover, the rise in electrical vehicle is a key opportunity for the market. Furthermore, the inception of the new business models is a major trend for the market. Based on geography, the Asian-Pacific region dominates the renewable energy market owing to the increase in demand for energy, rapid industrialization & urbanization, and rise in government efforts to promote renewable energy in the region. Whereas, European and North-American regions are anticipated to witness higher growth rates due to growth in stringent government environmental policies enforced on the industrial sector along with government initiatives to promote renewable energy over the forecast period. In upcoming years, it is projected that the future of the market will be bright on account of growth in need for cleaner power resources during the forecast period. It is expected that the market will be reached at US $2,152.9 billion by 2025. To Know More, Click On The Link Below:- Global Renewable Energy Market Outlook Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: ABB LTD Renewable Energy Market Competitors, Africa Renewable Energy Market Future, Alstom SA Renewable Energy Market Growth, Asia Pacific Renewable Energy Market, Canada Renewable Energy Market Size, Europe Renewable Energy Market Share, General Electric Renewable Energy Market Size, Germany Renewable Energy Market Analysis, Global renewable energy industry Research Report, Global Renewable Energy Market Analysis, Global Renewable Energy Market End Users, Global Renewable Energy Market Forecast, Global Renewable Energy Market Future Outlook, Global Renewable Energy Market Growth Rate, Global Renewable Energy Market Research Report, Global Renewable Energy Market Segmentation, Global Renewable Energy Market Share, Global Renewable Energy Market Size, IHI Renewable Energy Market Growth Rate, Middle East Renewable Energy Market, Mitsubishi Heavy Renewable Energy Market Share, North America Renewable Energy Market