Product Overview

Renewable energy is accumulated from natural resources or sources that can be naturally replenished such as wind, sun, geothermal heat, waves, etc. Renewable energy usually provides energy in areas such as transportation, electricity generation, water, and air heating/cooling, and rural energy services (off-grid). Renewable energy offers lower emissions of carbon dioxide and other types of pollution by replacing dirty fossil fuels in the power system. Sources of renewable energy are wind energy, solar energy, Biomass energy, geothermal energy, hydroelectric power energy, etc. The renewable energy industry is an emerging industry and a part of the energy industry that focuses on advance and appropriate renewable energy technologies. Renewable energy is a more labor-intensive centered industry than fossil fuels, thus, a transition towards the industry promises more employment opportunities.

Market Highlights

Global Renewable Energy market is expected to project a notable CAGR in 2030.

Global Renewable Energy market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX.X% throughout the forecast period, i.e. 2019-30. Global Renewable Energy market is expected to observe growth in the future due to rising emissions of greenhouse gases and carbon dioxide for a generation of energy after the utilization of fossil fuels. Moreover, fossil fuel is present in scarce amounts on the Earth due to which it has fluctuating prices which fosters the renewable energy market. Continuous government initiatives and funding in the renewable energy sector as well as advancement in technologies are also accelerating the growth of the global market.

Recent Highlights in Global Renewable Energy Market:

In August 2020, Omega Geracao SA a renewable energy company announced 50% acquisition of the stake in wind farms owned by France-based EDF renewables in Bahia, the Brazilian state.

Global Renewable Energy Market: Segments

Hydroelectric segment to grow with the highest CAGR during 2019-30

Global Renewable Energy market is segmented by type into Hydroelectric energy, Geothermal energy, Wind energy, Solar energy, and Biomass energy. The hydroelectric energy segment held the largest market share of XX.X% in the year 2018 and is anticipated to dominate the global market throughout the forecast period. Hydroelectric energy is a type of energy that channels the power of water in motion that generates electricity. Biomass energy is generated using plants such as soy, corn, etc. which can be converted into electricity or burned to create heat.

Industrial segment to grow with the highest CAGR during 2019-30

Global Renewable Energy market is segmented by the end-user into commercial, residential and industrial. The industrial segment held the largest market share of XX.X% in the year 2018 and is expected to maintain this trend throughout the forecast period since 75% of the feedstock for the chemical and petrochemical industry is contributed through the medium of carbon, this significantly impacts the carbon emissions and operating costs of the business. This encourages the industries to incline towards alternative ensuring sustenance.

Market Dynamics

Drivers

Sustainable energy

Renewable Energy sources such as wind, solar, hydroelectric, etc. are sustainable in nature. It generates energy that is not associated with any greenhouse gas emissions unlike fossil fuels, also reduces air pollution to some extent. Renewable energy provides a diversified supply of energy eliminating the dependence on imported fossil fuels which environment friendly and replenishable in nature.

Government initiative and employment opportunity

With the rise in climate awareness and environmental benefits of renewable energy, the government has introduced several regulations and policies and also provides aids for renewable energy since the sources are viable green substitutes to the carbon-based green energy sources that are contributing to sustainable development. Renewable energy also leads to economic development and creates jobs in installation, manufacturing, etc., being a labor-intensive technology.

Restraints

High investment

Renewable energy technologies are comparatively more expensive than traditional energy generators, also, there is a high need to store energy which is an expensive technology. Renewable energy sources are not available 24/7, unlike fossil fuels which is a key factor restraining the growth of the renewable energy market.

Covid-19 impact on Global Renewable Energy Market

Coronavirus (Covid-19) has adversely affected a majority of industries due to the disruption of business operations and disturbance in the supply chain due to the situation of lockdown which was undertaken to break the chain of the spread of the disease and maintain social distancing. The power sector is among one those sectors that have suffered due to the concurrent pandemic, decline in demand for power has been observed along with slow recovery and reduced collection which would unfavorably impact the services of distribution companies further hampering renewable energy market. In addition to this, a dearth of manpower for the maintenance of renewable energy plants would also impact the global market. However, this period has also added to several positive aspects such as work from the home policy which is the new normal for the renewable energy industry.

Global Organic Market: Key Players

NextEra Energy, Inc.

Company Overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

SWOT Analysis

Canadian Solar

Brookfield Renewable Partners L.P

Northland Power

Algonquin Power & Utilities Corp

Innergex Renewable Energy

TransAlta Corporation

Atlantic Power Corporation

Boralex

Other Prominent Players

Global Renewable Energy Market: Regions

Global Renewable Energy market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Renewable Energy market in Asia-Pacific held the largest market share of XX.X% in the year 2019 due to rapid industrialization, rise in population, and favorable government initiatives and policies encouraging the renewable resources market.

Global RENEWABLE ENERGY market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Renewable Energy market report also contains analysis on:

Renewable Energy Market Segments:

By Type

Hydroelectric energy

Geothermal energy

Wind energy

Solar energy

Biomass energy

By End-User:

Commercial

Residential

Industrial

Renewable Energy Market Dynamics

Renewable Energy Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Renewable Energy Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Renewable Energy Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global Renewable Energy Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Renewable Energy Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Business Type: Market Share (2020-2030F)

12.2.1. Hydroelectric energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Geothermal energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Wind energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.4. Solar energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.5. Biomass energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3. By End-users: Market Share (2020-2030F)

12.3.1. Commercial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020- 2030F

12.3.2. Residential, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Industrial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020- 2030F

13. Company Profile

13.1. NextEra Energy, Inc.

13.1.1. Company Overview

13.1.2. Company Total Revenue (Financials)

13.1.3. Market Potential

13.1.4. Global Presence

13.1.5. Key Performance Indicators

13.1.6. SWOT Analysis

13.1.7. Product Launch

13.2. Canadian Solar

13.3. Brookfield Renewable Partners L.P

13.4. Northland Power

13.5. Algonquin Power & Utilities Corp

13.6. Innergex Renewable Energy

13.7. TransAlta Corporation

13.8. Atlantic Power Corporation

13.9. Boralex

13.10. Other Prominent Players

14. Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)