Scope of the Study
Clean energy sources help in bringing out cleaner and healthier air and water. Clean energy is dependent on imported energy and includes renewable energy source such as solar power, wind power, hydropower, and biomass generation. Moreover, generating electricity from clean renewable sources increases the opportunities to displace costly polluting oil and gasoline. Further, increasing awareness of carbon emission and its contribution to climate change has influenced the adoption of clean energy sources over non-renewable energy sources.
The market study is being classified by Type (Solar Photovoltaic, Liquid Biofuels, Hydropower, Wind Energy, Biogas and Geothermal Energy), by Application (Residential, Commercial, Transportation, Power Industry, Industrial and Other) and major geographies with country level break-up.
KiOr. Inc. (United States), Elevance (United States), ACWA Power (Saudi Arabia), MEIL (India), Godawari Power & Ispat Limited (India), Abengoa (Spain), Amyris, Inc. (United States), ClearFuels Technology, Inc. (United States), Sapphire Engry, Inc. (United States), Solazyme (United States), Solena Fuels (United States), RioglassSolar, Inc. (United States) and ZKTeco (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Acciona S.A (Spain), Sener (Spain), Brightsource Energy, Inc. (United States), GE (United States) and SolarReserve (United States).
The Global Clean Energy market is fragmented with several players who are involved in carrying out a huge investment with the support of the Government in developed countries. For instance, June 2019, The UAE Ministry of Education and the International Renewable Energy Agency (IRENA) today signed an agreement to cooperate on the integration of renewable energy and sustainable development into the national education system. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Clean Energy market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Clean Energy market by Type, Application and Region.
On the basis of geography, the market of Clean Energy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Energy Source, the sub-segment i.e. Hydroelectric Power will boost the Clean Energy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Clean Energy Sources due to the Government Initiatives to achieve Carbon Emission Reduction Goals
- Growing Demand due to Heavy Industrialization and Commercial Activities
- Rising Adoption of Solar Power in Developed Countries
- The Advent of Artificial Intelligence (AI) with Microgrid Controllers
- Increasing Consumption of Biofuels and Other Nonhydroelectric Renewable Energy Sources
- Volatility in the Price of Fuel and Generation of Clean Energy Requires Huge Investment
- Policies like Carbon Price or Cap, Stronger Energy Efficiency Standards Leading to Increased Funding for Clean Energy R&D and Infrastructure Investments
- Limited Availability of Fossil Fuel on the Earth is Posing a Challenge for the Market
Market Leaders and their expansionary development strategies
In July 2018, the world’s largest offshore wind farm used automated drones to cut inspection time from two hours to 20 minutes. At the same time, two United States National Laboratories, i.e. Sandia National Laboratories collaborated with Oak Ridge National Laboratory’s collaborated to manufacture a 3D-printed wind-blade mold, reducing prototyping costs and time from over a year to three months.
The United States Department of Energy (DoE) is supporting the development of 50 GW power by 2050. Efforts by the DoE will include increasing power generation capacity, upgrading of existing plants, adding power at the existing dams and canals, and installation of new storage capacities.
Key Target AudienceDepartment of Energy, Industry Associations, Potential Investors, Government and Regulatory Bodies, Venture Capitalists and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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