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Market Research Report
Product code
1074004
Renewable Energy: Technologies and Global Markets |
Renewable Energy: Technologies and Global Markets |
Published: May 5, 2022
BCC Research
Content info: 429 Pages
Delivery time: 1-2 business days
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The global renewable energy market should reach $1,500 billion by 2027 from $932.3 billion in 2022 at a compound annual growth rate (CAGR) of 10.0% for the forecast period of 2022 to 2027.
The hydroelectric power segment of the global renewable energy market is expected to grow from $470.2 billion in 2022 to $645.1 billion in 2027 at a CAGR of 6.5% for the forecast period of 2022 to 2027.
The solar power segment of the global renewable energy market is expected to grow from $182.5 billion in 2022 to $371.7 billion in 2027 at a CAGR of 15.3% for the forecast period of 2022 to 2027.
This report covers the major sources of renewable energy as primary fuels: hydroelectric, wind, solar, geothermal, oceanic sources (wave, tidal and thermal), and bioenergy. This study is helpful for both renewable technology and material suppliers and power generation companies that produce power through renewable resources. It will be beneficial for companies making decisions such as estimating the market demand for technologies and materials, making expansion and upgrade plans for existing facilities, deciding on investments in renewable energy sectors, etc.
This report deals intensively with power generation through renewable resources and therefore does not focus on other applications of renewable resources. However, it provides essential data on applications such as heating and lighting.
The scope of this report is intentionally broad. We cover the major sources of renewable energy as primary fuels-hydroelectric, wind, solar, geothermal, oceanic sources (wave, tidal and thermal), bioenergy, and focus on liquid biofuels for transportation. There is no shortage in the marketplace of reports on each source. However, what the existing marketplace lacks and what this report intends to provide is a global perspective that places each source in a relevant context for decision-makers in both the public and private sectors.
In particular, this report includes -