0

Green Power Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMEP21858

Download Sample Report download
Buy the Full ReportStarting from $3999
Published on

June 2022

Total pages

152

Table of Content

Download Sample Report download
Buy the Full ReportStarting from $3999

About the Report

About the Report

Green energy is any energy type that is generated from natural resources, such as sunlight, wind, or water. According to the United States Environmental Protection Agency (EPA), green power is a subset of renewable energy and represents those renewable energy resources and technologies that provide the highest environmental benefit. EPA defines green power as electricity produced from solar, wind, geothermal, biogas, eligible biomass, and low-impact small hydroelectric sources. Customers often buy green power for its zero-emissions profile and carbon footprint reduction benefits.
In 2020, the consumption of all other fuels declined while the only source which increased the demand for energy sources was renewables 2020. As the global economy recovers from the crisis, The renewable energy source witnessed an uptake, therefore, expand more quickly. As per International Energy Agency (IEA), in 2020, the annual renewable capacity additions increased and witnessed the highest year-on-year increase since 1999 and increased by 45% or 280 GW.
Green Wind Energy Council (GWEC) expects that over 469 GW of new onshore and offshore wind capacity will be added in the next five years that is until 2025. With the explosive growth of Green Power installations in China, Asia Pacific continues to take the lead in global wind power development with its share of the global market increasing in 2020. In addition, governments across several countries such as the U.S, India, Japan, Germany, etc., launched several initiatives to remove the dependency on electricity generation from fossil fuels. For instance, as per IRENA, the total installed capacity of hydropower increased from 1,099,767 MW in 2015 which increased to 1,210,616 MW by 2020. Thus, the global green power market is expected to witness a robust CAGR of more than 15% during the forecast period.
The impact of Covid-19 on renewable electricity technologies with long lead times, such as hydropower, offshore wind, CSP, and geothermal, remains limited. Hydropower capacity additions are forecast to increase both in 2020 and 2021, driven by the commissioning of two mega hydropower projects in China and supporting the rebound of renewables next year. The forecast for offshore wind remains unchanged as most projects are already financed and under construction.
Based on the power source, the market is bifurcated into wind, solar, low-impact hydropower, and others. The wind category is expected to witness the fastest growth during the forecast period. This is mainly due to the constant technological advancements in the wind energy sector. Higher-capacity wind turbines have larger swept areas and produce more power for the same resource quality, thereby generating higher wind farm output levels.
For a better understanding of the market adoption of Green Power, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Currently, Asia Pacific holds a lucrative market share owing to the growing focus on renewable energy. The Asia Pacific acquired an extensive market share in the market and is expected to grow at an extensive rate mainly owing to the growing industrialization, urbanization, and population coupled with increasing investments in renewable power and infrastructure, which is further contributing to the growth of the green power market in the region. Furthermore, the rise in research and development activities for green power sources, growing energy demand in developing countries like China and India coupled with favorable government policies and a growing focus on increasing the share of renewable energy in the power generation mix are some of the prominent factors driving the region's market. Thus, as the world aims to reduce its reliance on fossil fuels amid the energy transition, several major economies in the region are now looking to ramp up their share of renewable power. For instance, Bhadla Solar Park (India) was commissioned in March 2020 with an installed capacity of 2.25GW and it spans 14,000 acres.
Some of the major players operating in the market include Siemens Gamesa Renewable Energy, GE Renewable Energy, Brookfield Renewable Partners L.P., Iberdrola SA, JinkoSolar Holding Co. Ltd., NextEra Energy Inc., Orsted A/S, Adani Green Energy Limited, Suzlon Energy Limited, and Tata Power.

Products


Companies

Siemens Gamesa Renewable Energy, GE Renewable Energy, Brookfield Renewable Partners L.P., Iberdrola SA, JinkoSolar Holding Co. Ltd., NextEra Energy Inc., Orsted A/S, Adani Green Energy Limited, Suzlon Energy Limited, and Tata Power

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stakeholders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Green Power Market

2.2. Research Methodology of the Green Power Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Green Power Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL GREEN POWER MARKET COVID-19 IMPACT

6 GLOBAL GREEN POWER MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY POWER SOURCE

7.1. Wind

7.2. Solar

7.3. Low-Impact Hydropower

7.4. Others

8 MARKET INSIGHTS BY REGION

8.1. North America

8.1.1. U.S.

8.1.2. Canada

8.1.3. Rest of North America

8.2. Europe

8.2.1. Germany

8.2.2. United Kingdom

8.2.3. France

8.2.4. Spain

8.2.5. Rest of Europe

8.3. Asia-Pacific

8.3.1. China

8.3.2. Japan

8.3.3. India

8.3.4. Australia

8.3.5. Rest of Asia-Pacific

8.4. Rest of World

9 GREEN POWER MARKET DYNAMICS

9.1. Market Drivers

9.2. Market Challenges

9.3. Impact Analysis

10 GREEN POWER MARKET OPPORTUNITIES

11 GREEN POWER MARKET TRENDS

12 POLICY & REGULATORY FRAMEWORK

13 DEMAND AND SUPPLY-SIDE ANALYSIS

13.1. Demand Side Analysis

13.2. Supply Side Analysis

14 VALUE CHAIN ANALYSIS

15 COMPETITIVE SCENARIO

15.1. Competitive Landscape

15.1.1. Porter's Five Forces Analysis

16 COMPANY PROFILED

16.1. Siemens Gamesa Renewable Energy

16.2. GE Renewable Energy

16.3. Brookfield Renewable Partners L.P.

16.4. Iberdrola SA

16.5. JinkoSolar Holding Co. Ltd.

16.6. NextEra Energy, Inc.

16.7. Orsted A/S

16.8. Adani Green Energy Limited

16.9. Suzlon Energy Limited

16.10. Tata Power

17 DISCLAIMER

You can also purchase parts of this report.
Do you want to check out a section wise price list?
Get Price Break-up

Why Buy From US?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

reach
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022