Green Power Market

Global Green Power Market Analysis and Opportunity Assessment by Power, Application, End-User, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 1,27,730.5 Mn between 2022 and 2032

Category: Clean Energy & Power

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ID: CVC-00303

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Format: PDF+Excel Dataset

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Published Date: October 2022

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Pages: 300

Green Power Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Green Power Market was worth US$ 48,923.7 Mn and is expected to grow at a CAGR of 13.7% over the forecast period. The market is expected to hit US$ 1,76,654.2 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 10.8%, the market underwent significant growth.

The green energy sector is witnessing a surge in growth because of stringent government regulations, a rise in industries in developing economies, and favorable policies in developed and developing economies.

Market Dynamic

STRINGENT GOVERNMENTAL REGULATIONS AND RAISING AWARENESS DRIVES THE MARKET

Wind, solar and other sources of electricity generation are the main focus of national governments worldwide. This is mainly because these green sources are environment-friendly and offer a good alternative for industries to breathe life into their conventional processes. The government has taken initiatives to promote these renewable energy sources, driving the demand for green power. With increasing numbers of consumers adopting these solutions, the market is expected to grow during the forecast period.

HIGH INSTALLATION COST MAY HAMPER THE MARKET GROWTH

The high installation cost is one of this market’s main concerns. The lack of a proper battery storage system, old infrastructure, and government policies are all responsible for causing delays in market growth. There are barriers for new market players to enter this industry due to the high installation cost and lack of support from government policies.

THE DEVELOPMENT OF SOLAR PARK WILL CREATE NEW OPPORTUNITIES

Government policies in various nations are helping the green power market to grow. These governments are providing high subsidies for renewable energy sources. The growing awareness among the citizens regarding renewable energy sources offers a good opportunity for the growth of this market. The increasing number of solar parks across various nations provides a chance to develop this market.

Green Power Market

Market Segments Covered in Report

By Power :

  • Wind Energy
  • Solar Energy
  • Geothermal Energy
  • Hydropower
  • Bioenergy

By Application:

  • Electricity generation
  • Transportation
  • Heating
  • Others

By End User:

  • Utility
  • Residential
  • Industrial
  • Commercial

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is hydroelectric power type Green Power projected to have the highest market growth?

The hydropower project is expected to grow during the forecasted period. The hydropower projects can supply clean water for agriculture, businesses, and homes. It also helps in combating extreme weather events. Like floods and droughts, it is among the most important and largest energy sources. The most commonly identified forms of hydroelectric power are in the constructed sites, run-of-river, and run-of-regression. In recent years, the growth of the hydropower industry has been attributed to numerous factors; they are more cost-effective than fossil fuels, save on other polluting practices and provide water security during times of lack of rainfall.

Why is the transportation segment expected to expand the fastest during the forecast period?

The transportation segment is anticipated to grow during the forecast period. The market for electric scooters and e-bikes is growing rapidly, leading to an increase in demand for transportation. Green power has been used to electrify the automotive industry, which has led to a rise in demand for transportation based on the application of green energy.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • Europe held the largest share of the Green Power Market in 2021, up to 31.9%. Europe dominated the market as it accepted green sources and grew at an early stage. The global business environment has been stable, with growth in large economies and a few emerging markets. The European economy is estimated to grow faster during the projected period as the region has boosted government investments and subsidies in the market, as well as many schemes and plans to reduce CO2 emissions.
  • The growing energy demand in the Pacific region is expected to grow during the forecast period. China shall be the global leader as it possesses a considerable share of global coal consumption, and its total energy capacity reached 894 gigawatts in 2020. India is also estimated to show a significant rise. The Indian market provides a good opportunity for growth as India is the world’s third-largest power consumer, and its net power generation capacity increased significantly in recent years due to renewable energy sources.

Competition Analysis

Manufacturers of Green Power are channeling efforts toward expanding their production capacities and strengthening their retailer and distributor network. It will certainly impact the market shortly.

Some of the key developments that have taken place in the Green Power Market include:

  • In 2021, Walmart reported that 6.5 MW of solar energy installations at 7 California stores had been finished. The portfolio for this project included various solar energy systems put on parking lots, rooftops, and carports, with Bank of America serving as a tax equity partner.
  • In 2021, Amazon, a company that buys green energy, disclosed its interest in Canada. The electricity used in this venture will come from a brand-new solar plant being built in Newell Country by the Calgary-based Greengate Power Corp.

A list of some of the key suppliers present in the market are:

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

Global Green Power Market 2022-2032: Report Coverage and Highlights

  • Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Segment-wise, country-wise, and region-wise market analysis
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Key product innovations and regulatory framework
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies
Research Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Power, Application, End-User, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request
  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 13.7%.

Solar and wind are the major areas of development for the industry. The growing world demand for energy will continue to increase, motivating more countries to develop renewable energy sources.

Major global Green Power Market players are JinkoSolar Holding Co. Ltd., NextEra Energy, Inc., Orsted, Adani Green Energy Limited, GE Renewable Energy, Iberdrola SA, A/S, Siemens Gamesa Renewable Energy, Suzlon Energy Limited, Tata Power.

Renewable energy is an increasing trend globally. However, renewable energy requires more land than fossil fuels and challenges wildlife conservation. The widespread adoption of green energy is also challenging due to various economic, social, political, and structural problems.

The Europe region is expected to account for the largest market revenue share in the Global Green Power market.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Green Power Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2032
    • Incremental $ Opportunity Index, 2022-2032
    • Global Market Volume (Tons) Analysis, 2017 – 2032
  6. Global Green Power Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of Application W.R.T. Power
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Material Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of End-Users
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Potential Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Technology Landscape
  10. Global Green Power Market 2017 – 2032 By Power
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Power [Value (US$ Mn) and Volume (Tons) Analysis]
      • Wind Energy
      • Solar Energy
      • Geothermal Energy
      • Hydropower
      • Bioenergy
    • Market Attractiveness Analysis by Power
  11. Global Green Power Market 2017 – 2032 by Application
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
      • Electricity generation
      • Transportation
      • Heating
      • Others
    • Market Attractiveness Analysis by Application
  12. Global Green Power Market 2017 – 2032 by End-Use
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-Use [Value (US$ Mn) and Volume (Tons) Analysis]
      • Utility
      • Residential
      • Industrial
      • Commercial
    • Market Attractiveness Analysis by End-Use
  13. Global Green Power Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  14. North America Green Power Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • U.S.
        • Canada
      • By Power
      • By Application
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Power
      • By Application
      • By End-Use
  1. Latin America Green Power Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Power
      • By Application
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Power
      • By Application
      • By End-Use
  1. Europe Green Power Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Power
      • By Application
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Power
      • By Application
      • By End-Use
  1. Asia-Pacific Green Power Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Power
      • By Application
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Power
      • By Application
      • By End-Use
  1. Middle East Green Power Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • U.A.E.
        • Rest of the Middle East
      • By Power
      • By Application
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Power
      • By Application
      • By End-Use
  1. Africa Green Power Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Power
      • By Application
      • By End-Use
    • Market Attractiveness Analysis
      • By Country
      • By Power
      • By Application
      • By End-Use
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Production Capacity Analysis
    • Company Footprint Analysis
      • Product Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • ChemView’s Competitor Positioning Matrix
  3. Company Profiles
    • Adani Green Energy Limited
      • Company Overview
      • Product & Financial Portfolio
      • Manufacturing Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • GE Renewable Energy
    • Iberdrola SA
    • JinkoSolar Holding Co. Ltd.
    • NextEra
    • Energy, Inc.
    • Orsted A/S
    • Siemens Gamesa Renewable Energy
    • Suzlon Energy Limited
    • Tata Power
  4. Assumptions and Acronyms

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