RENEWABLE ENERGY TECHNOLOGIES MARKET ANALYSIS

Name: Renewable Energy Technologies Market Size and Trends
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Renewable Energy Technologies Market, Renewable Energy Technologies Market Report, Renewable Energy Technologies Industry Report, Renewable Energy Technologies Market Size, Renewable Energy Technologies Market Share, Renewable Energy Technologies Market Analysis, Renewable Energy Technologies Market Growth, Renewable Energy Technologies Market Trends, Renewable Energy Technologies Market Overview, Renewable Energy Technologies Market Forecast

Renewable Energy Technologies Market, by Energy Type (Solar, Wind, Tidal, Geothermal, Hydroelectric, and Others), by Application (Residential, Non Residential, and Others), by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

To Be Published : Nov 2024
Code : CMI1655
Formats :
Excel and PDF
Industry : Energy

Renewable Energy Technologies MarketSize and Trends

Market Trends

The solar energy segment is expected to be the most dominant technology type in the global renewable energy technology market over the forecast period. This is due to the surplus availability of sunlight and the ease with, which the sunlight can be converted into energy with the help of modules. Hence, many economies are harnessing solar energy to meet their energy requirements. According to the International Energy Agency (IEA), China installed around 34 GW of solar based modules in 2016 so as to become a leading player in this segment. Furthermore, according to the Japanese Ministry of Economy, Trade and Industry, Japan witnessed growth of approximately 4.3% in solar energy production in 2016. The European Union aims on meeting approximately 12% of its energy requirements by using solar energy by the year 2020.