A recent report published by Infinium Global Research on the green power market provides an in-depth analysis of segments and sub-segments in the global as well as regional green power market. The global green power market is projected to grow at a CAGR of 8.4% over the forecast period of 2019-2025.
The leading players in the global green power market are Yingli Solar, FHP Bosch Group, Aquatherm Industries, Inc., Siemens AG, General Electric Company, Earthlinked Technologies Inc., Ormat Technologies, Inc., Canadian Solar Inc., Trina Solar Limited, Arka Green Power Pvt. Ltd., and other companies. Companies in the green power market are adopting strategies such as a merger, acquisition, and new product launches that stimulate the expansion of market share.
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Population Growth, Urbanization, and Industrializations Propel the Growth of the Green Power Industry
The rising awareness about the use of environment-friendly sources of energy such as wind, solar, and others drives the growth of the green power market. The increasing government initiatives for the availability of green power contribute to the growth of the green power market.
The integration of renewable energy with equipment installations stimulates the growth of the green power market. Population growth, urbanization, and industrializations propel the growth of the green power market.
The depletion of conventional reserves and rising concern for climatic change propel the growth of the green power market. Green power provides a proper balance of environment stability and economic development.
On the other side, the low cost of utility default service and high entry barriers for new entrants hamper the growth of the green power market. Moreover, the development of solar parks and rising awareness about the importance of using renewable energy sources creates new opportunities for the growth of the green power market.
Green Power Market is Classified on the Basis of Energy Sources and Equipment Types
Based on energy sources, the global green power market is divided into the solar, wind, biomass, and small hydropower. Small hydropower is further classified into landfill gas and agricultural waste.
Based on equipment type, the green power market is divided into solar energy equipment, wind energy equipment, geothermal energy equipment, and hydropower energy equipment.
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North America is Anticipated to Grow in the Global Green Power Industry
Geographically, the global green power market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World. Asia Pacific is expected to hold a dominant share in the global green power market.
India and China are using green power as a major source of energy source. North America is anticipated to grow in the global green power market with the fastest CAGR over the forecast period.
The rising awareness of green power in North America propels the growth of the green power market in North America. Europe is growing in the global green power market.
Reasons to Access this Report:
- Comprehensive analysis of global as well as regional markets of the Green Power.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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