Green Power Global Market Report 2024

Description

“Green Power Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on green power market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for green power? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The green power market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Offering: Solutions; Services
2) By Type: Solar Energy; Wind Energy; Hydroelectric Power; Biofuels; Other Types
3) By End-User: Residential; Commercial; Industrial
Companies Mentioned: General Electric Renewable Energy LLC; Siemens Gamesa Renewable Energy S.A.; Trina Solar Co. Ltd.; Adani Green Energy Limited; Robert Bosch GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Green power is a subset of renewable energy that is derived from natural resources, representing those renewable energy sources and technologies that offer significant environmental benefits.

The primary types of green power include solar energy, wind energy, hydroelectric power, biofuels, and various others. Solar energy, for instance, involves the generation of mechanical power or electricity through the sun's nuclear fusion process and is particularly valuable in green power technology as an alternative to fossil fuel usage in the economy. These offerings include solutions and services catering to various end-users, including residential, commercial, and industrial sectors.

The green power market research report is one of a series of new reports from The Business Research Company that provides green power market statistics, including the green power industry global market size, regional shares, competitors with a green power market share, detailed green power market segments, market trends and opportunities, and any further data you may need to thrive in the green power industry. This green power market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The green power market size has grown rapidly in recent years. It will grow from $76.54 billion in 2023 to $87.88 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth observed in the historical period can be attributed to several factors, including corporate sustainability goals, government incentives and subsidies, initiatives promoting energy independence, environmental concerns and regulations, as well as the drive for cost reduction in renewable energy sources.

The green power market size is expected to see rapid growth in the next few years. It will grow to $157.3 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The anticipated growth in the forecast period can be attributed to factors such as policy and regulatory changes, trends in investment and funding, market demand and consumer behavior, cost reduction and economies of scale, and global energy transition initiatives. Major trends expected in the forecast period include the decentralization of energy generation, advancements in storage solutions, corporate procurement of renewable energy, the emergence of offshore wind projects, and the electrification of transportation.

The anticipated rise in urbanization is set to drive the expansion of the green power market in the foreseeable future. Urbanization, characterized by the concentration of a large population in relatively small regions to form cities, leads to a substantial surge in both actual and ideal energy consumption. In response to the escalating demand for green power and the imperative to curb emissions, urban areas are increasingly prioritizing renewable energy sources as a sustainable energy solution. The World Meteorological Organization (WMO) reported that in 2022, 3.5 billion people resided in urban areas, a figure expected to reach 6.3 billion by 2050. This surge from 50% to over 70% of the world's population underscores how increasing urbanization is a driving force behind the growth of the green power market.

The growing impact of climatic change is poised to propel the expansion of the green power market. Climatic change, denoting long-term alterations in the average weather patterns on a regional or global scale, has sparked global concerns due to its detrimental effects. Governments worldwide are responding with policies and regulations that support the advancement and adoption of green power. These measures often include renewable energy targets, incentives, and subsidies to expedite the transition to sustainable energy sources. According to a report by the World Health Organization (WHO) in October 2023, approximately 3.6 billion individuals reside in regions highly vulnerable to the impacts of climate change. The projected increase in climate-related deaths, estimated at around 250,000 annually from 2030 to 2050, emphasizes the role of climatic change in driving the growth of the green power market.

Product innovation has emerged as a prominent trend in the green power market, with major companies dedicated to developing new technologies to maintain their market position. General Electric Company (GE), a U.S.-based conglomerate, exemplifies this trend with the launch of Lifespan in May 2022. Lifespan, a digital product portfolio and wind asset management platform, empowers customers to optimize the performance and operations of renewable assets seamlessly. This technology-agnostic suite, developed in collaboration with operators, aims to enhance operational efficiency across fleets.

Advanced technologies such as renewable power technologies are being developed by major companies in the green power market to cater to a broader customer base, increase sales, and boost revenue. Emerson Electric Co., a U.S.-based technology company, introduced Ovation Green in February 2023. This exclusive portfolio of renewable power technology and software solutions assists power generation companies in meeting the demands of customers transitioning to green energy. Offering an integrated set of data-driven asset control and management solutions, Ovation Green facilitates secure and standardized data access across single or multiple sites, empowering informed decision-making and optimizing renewable operations.

InFebruary 2022, Chevron Corporation, a U.S.-based energy corporation, acquired Renewable Energy Group, Inc. for $2.75 billion. This acquisition aims to enhance the growth and efficiency of both companies, with Renewable Energy Group specializing in manufacturing and distributing renewable fuels, including biodiesel and sustainable diesel.

Major companies operating in the green power market report are General Electric Renewable Energy LLC, Siemens Gamesa Renewable Energy S.A., Trina Solar Co. Ltd., Adani Green Energy Limited, Robert Bosch GmbH, Earthlinked Technologies Inc., Ormat Technologies Inc., Senvion S.A., Ørsted A/S, Tata Power Company Limited, Iberdrola S.A., Brookfield Renewable Energy Partners L.P., Enel S.p.A., First Solar Inc., Nordex SE, Yingli Solar Holdings Co. Ltd., Constellation Energy Corporation, NextEra Energy, Vestas Wind Systems A/S, Canadian Solar Inc., Daqo New Energy Corp, Plug Power Inc., Algonquin Power & Utilities Corp., Capstone Green Energy Corporation, VivoPower International Plc, Xcel Energy Inc., Duke Energy Corporation, American Electric Power Company Inc., Dominion Energy Inc., Bloom Energy Corporation .

Europe was the largest region in the green power market in 2023. Asia-Pacific is expected to be the fastest-growing region in the green power market report during the forecast period. The regions covered in the green power market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the green power market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The green power market consists of revenues earned by entities by providing tidal energy services. The market value includes the value of related goods sold by the service provider or included within the service offering. The green power market also includes sales of wind turbine, rotor, nacelle, and tower, which are used in providing green power services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11000

1. Executive Summary

2. Green Power Market Characteristics

3. Green Power Market Trends And Strategies

4. Green Power Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Green Power Market Size and Growth

5.1. Global Green Power Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Green Power Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Green Power Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Green Power Market Segmentation

6.1. Global Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Solutions
Services
6.2. Global Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Solar Energy
Wind Energy
Hydroelectric Power
Biofuels
Other Types
6.3. Global Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
Industrial

7. Green Power Market Regional And Country Analysis

7.1. Global Green Power Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Green Power Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Green Power Market

8.1. Asia-Pacific Green Power Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Green Power Market

9.1. China Green Power Market Overview
9.2. China Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Green Power Market

10.1. India Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Green Power Market

11.1. Japan Green Power Market Overview
11.2. Japan Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Green Power Market

12.1. Australia Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Green Power Market

13.1. Indonesia Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Green Power Market

14.1. South Korea Green Power Market Overview
14.2. South Korea Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Green Power Market

15.1. Western Europe Green Power Market Overview
15.2. Western Europe Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Green Power Market

16.1. UK Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Green Power Market

17.1. Germany Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Green Power Market

18.1. France Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Green Power Market

19.1. Italy Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Green Power Market

20.1. Spain Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Green Power Market

21.1. Eastern Europe Green Power Market Overview
21.2. Eastern Europe Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Green Power Market

22.1. Russia Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Green Power Market

23.1. North America Green Power Market Overview
23.2. North America Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Green Power Market

24.1. USA Green Power Market Overview
24.2. USA Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Green Power Market

25.1. Canada Green Power Market Overview
25.2. Canada Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Green Power Market

26.1. South America Green Power Market Overview
26.2. South America Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Green Power Market

27.1. Brazil Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Green Power Market

28.1. Middle East Green Power Market Overview
28.2. Middle East Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Green Power Market

29.1. Africa Green Power Market Overview
29.2. Africa Green Power Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Green Power Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Green Power Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Green Power Market Competitive Landscape And Company Profiles

30.1. Green Power Market Competitive Landscape
30.2. Green Power Market Company Profiles
- 30.2.1. General Electric Renewable Energy LLC
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Siemens Gamesa Renewable Energy S.A.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Trina Solar Co. Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Adani Green Energy Limited
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Robert Bosch GmbH
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Green Power Market Competitive Benchmarking

32. Global Green Power Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Green Power Market

34. Green Power Market Future Outlook and Potential Analysis

34.1 Green Power Market In 2028 - Countries Offering Most New Opportunities
34.2 Green Power Market In 2028 - Segments Offering Most New Opportunities
34.3 Green Power Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer