Global green energy market was valued at around USD 550 billion in 2014 and is expected to reach USD 900 billion in 2020, growing at a CAGR of around 8.5% between 2015 and 2020.
Zion Research has published a new report titled “Green Energy (Solar Photovoltaic (PV), Wind Energy, Hydroelectric Power, Bio-Fuels and Geothermal Energy) Market for Residential, Commercial and Industrial End-users – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”.
Green energy can be generated from a wide range of sources including wind, solar, hydro, tidal, geothermal, and biomass. Green energy is a renewable energy which generated from natural resources like sunlight, wind, rain, tides, waves, and geothermal heat etc. By using more renewable sources to meet its energy needs, world can lowers its dependence on fossil fuels and makes energy generation more sustainable. The green energy industry also drives technological innovation and employment across Europe. Green energy posses a natural process that do not create any type of pollution.http://www.marketresearchstore.com/report/green-energy-market-wind-energy-z38200
Green energy market is mainly driven by growing awareness regarding environmental concerns, rapidly depleting conventional resources of energy, favorable government policies, etc. Government initiatives and funding has provided strong boost to green energy market in Europe and North America. Stringent environmental regulations in these regions are major driving factor for green energy market. High initial investment and higher cost of energy is expected to hamper growth of this industry to some extent. However, increased research and development activity in the field of green energy is expected to lower down overall cost of green energy in the years to come. This is expected to fuel further growth of green energy market across the world between 2015 and 2020.
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On the basis of end-users segment, green energy market is classified into residential, commercial and industrial end users. Commercial and industrial end user segment together accounted for largest share of total revenue generated in 2014. Commercial segment was the largest end-user segment in 2014. North America dominated the global green energy market with over 30% share in total revenue generated in 2014. However, with increased government support and investment in the field of research development, Asia Pacific is expected to witness robust growth during 2015 to 2020. Europe, Latin America and Middle East & Africa are also expected to experience significant growth of green energy market in the years to come.
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This report segments the global green energy market as follows:
- Global Green Energy Market: Energy type Segment Analysis
- Solar photovoltaic (PV)
- Wind energy
- Hydroelectric power
- Geothermal energy
Global Green Energy Market: End-user Segment Analysis
Global Green Energy Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Recharge Wrap-up: Chevy Bolt plant's onsite green energy, Tesla pickup concept
- China Looks to Be Largest Clean Energy Car Market in the World by 2020
- Ford tops 50 best global green brand index
- Vehicle Wireless Charging Market To Double Yearly Through 2020
- Electric vehicles prove more popular when green energy is available
- ECS-Toyota Fellowship winners for green energy tech projects announced
- Auction for first US VW e-Golf raises $41,400 for Global Green charity
- Volkswagen ID Buzz likely to make production, needs a global green light first
- EV CO2 emissions fall to record low through green energy sources
- BMW, Daimler, Honda, Hyundai and Toyota in 13-member global hydrogen energy initiative