Published on : Mar 14, 2017
ALBANY, NY, March 14, 2017: The comprehensive report on the global renewable energy market provides comprehensive insights on the current market status, emerging opportunities, key market dynamics, technological advancements, prominent investment trends, and competitive landscape. The research study tracks the advances in renewable energy policies of various nations and assesses the impact on various industries in emerging markets such as India, Brazil, and China.
The analysis takes a closer look at the investment of public sector entities in major segments, particularly wind and solar energy production. The estimated production volumes and consumption revenue of key end-use markets along the forecast period are covered in the report, which helps key participants identify lucrative opportunities in regions such as North America, Europe, Japan, and Southeast Asia.
The market is primarily propelled by rising environmental concerns of climate change among developed and developing nations and sustained initiatives of the governments to achieve zero net carbon emission. The volatility in prices of oil, coal, and gas has adversely impacted the profit margins of numerous companies in the hydrocarbon sector, spurring investments in renewable energy production, mainly in European countries. Furthermore, the average declining prices in solar energy generation has resulted in significant uptake among a large number of commercial and residential end users. The proliferation of projects for the application of solar energy for generating cost-effective electricity has boosted the market across major regions. In application, increased investment by venture capitalist and private equity players has fueled the growth in renewable energy.
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The soaring investment in clean energy in regions such as South Africa has bolstered the demand for various renewable sources of energy. In addition, increasing spending on various hydro projects in Japan, China, and India have unlocked exciting opportunities for market players. Escalating electricity bills in developed nations have made governments offer subsidies for the development of renewable energy projects. In resource-rich emerging markets, the producers are capitalizing on cost improvements due to technology advancements in solar and wind energy projects. The growth in the global renewable energy market, however, is likely to be hampered by declining fuel prices in some countries and large upfront capital required for the developing and construction stages.
Major companies operating in this market include EnBW, Southern Company, Exelon Corporation, Duke Energy, Hawaiian Electric Company, RWE Group, Iberdrola, AREVA Renewable Energys, Abengoa Solar, China Huaneng Group, China Datang Corporation, and Aeon Renewable Energy.
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