Big Money Going To New Energy Thru 2025

Renewable Energy Market by Type (Hydroelectric Power, Wind Power, Bioenergy, Solar Energy, and Geothermal Energy), and End Use (Residential, Commercial, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025

November 2019 (Valuates Reports)

“…Increasing awareness and knowledge about carbon footprint management is expected to generate lucrative growth prospects for the renewable energy market globally…The global renewable energy market was estimated at USD 928.0 Billion in 2017 and is expected to reach USD 1,512.3 Billion by 2025, posting a 6.1 percent CAGR from 2018 to 2025…Increased greenhouse gas emissions (GHGs), especially CO2 from the use of fossil fuels for energy generation and the dwindling existence of fossil fuel on Earth coupled with its high costs, are fueling the renewable energy market…

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However, the generation of energy from renewable sources requires huge capital…Continuous technological advancements and increasing government support in the renewable energy sector is expected to provide lucrative opportunities for renewable energy market growth during the forecast period. The size of the market for renewable energy is expected to grow in the developed and developing economies due to the implementation of strict government regulations regarding climate change…Asia-Pacific emerged as a renewable energy market leader in 2017, and its dominance is expected to continue over the forecast period…

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China is predicted to account for the highest market share on the renewable energy market…The market is divided by type into the hydroelectric, wind, Bioenergy, solar, and geothermal energy sectors. During the forecast period, the hydroelectric power segment is expected to dominate the market…[T]he Solar Energy segment is expected to grow at the highest growth rate…” click here for more

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