Green Energy Market, By Product Type (Solar photovoltaic, Wind energy, Hydroelectric power, Biofuels, and Geothermal energy), By End User (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2024

Code : CMI4604

Pages :130

Formats :

Excel and PDF

Industry : Energy

Regional Analysis

Global Green Energy Market Regional Insights:

Asia Pacific held the largest share of over 37% in 2024. It is estimated that over half of the renewable energy across the globe is consumed in Asia Pacific region. The rapid industrialization and urbanization in the region had resulted in the rapid increase in the pollution levels. Furthermore, a rapid increase in the population and rise in the residential projects in the region is fueling the demand for the electricity.
North America is anticipated to be the fastest-growing market during the forecast period. The rising awareness regarding the deteriorating environment conditions, rising government initiatives to curb carbon footprint and growing investments in the renewable energy sources are the major factors that are driving the growth of the North America renewable energy market.
Europe is predicted to witness steady growth across the forecast period. Increasing the solar photovoltaic construction activities, and increased online product delivery services across developed countries in Western Europe including Italy, the U.K., Germany, France, and Spain will positively influence the market growth in the region.