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Renewable Energy: Technologies and Global Markets

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    Report

  • 429 Pages
  • May 2022
  • Region: Global
  • BCC Research
  • ID: 4792982
This report covers the major sources of renewable energy as primary fuels: hydroelectric, wind, solar, geothermal, oceanic sources (wave, tidal and thermal), and bioenergy. This study is helpful for both renewable technology and material suppliers and power generation companies that produce power through renewable resources. It will be beneficial for companies making decisions such as estimating the market demand for technologies and materials, making expansion and upgrade plans for existing facilities, deciding on investments in renewable energy sectors, etc.This report deals intensively with power generation through renewable resources and therefore does not focus on other applications of renewable resources. However, it provides essential data on applications such as heating and lighting.The scope of this report is intentionally broad. We cover the major sources of renewable energy as primary fuels - hydroelectric, wind, solar, geothermal, oceanic sources (wave, tidal and thermal), bioenergy, and focus on liquid biofuels for transportation. There is no shortage in the marketplace of reports on each source. However, what the existing marketplace lacks and what this report intends to provide is a global perspective that places each source in a relevant context for decision-makers in both the public and private sectors.



In particular, this report includes:


  • An overview of the global market for renewable energy and technologies
  • Analyses of global market trends, with data from 2019 to 2021 and projections through 2027
  • Coverage of the major renewable energy sources as primary fuels, including hydroelectric, wind, solar, geothermal, oceanic (wave, tidal and thermal) and bioenergy
  • Examination of the impact on the renewable energy market brought about by surging global demand for energy, the impact of climate change on alternative fuels, improvements in technology and the availability of new materials
  • Comprehensive profiles of major players in the various renewable energy fields and technology patents

Report Includes

  • 150 data tables and 74 additional tables
  • An up-to-date review and analysis of the global markets for renewable energy (or green energy) technologies
  • Analyses of the global market trends, with data from 2021, estimates for 2022 and projections of compound annual growth rates (CAGRs) through 2027
  • Evaluation and forecast the global renewable energy market size both in value and volumetric terms, and corresponding market share analysis by type of energy, technology, application and region
  • Discussion of the major sources of renewable energy as primary fuels, including hydroelectric, wind, solar, liquid biofuels for transportation, geothermal and oceanic sources (wave, tidal and thermal)
  • Highlights of market potential for renewable energy technologies, opportunities and gaps estimating current and future demand, and COVID-19 implications on the progress of this market
  • Assessment of the impact on the renewable energy technologies market brought about by the surging global demand for energy, the impact of climate change on alternative fuels, improvements in technology and the availability of new materials
  • Emphasis on the factors influencing the demand for renewable energy, economics and cost implications for solar PV installation, and government regulations for energy policy and taxation
  • Review of the patents granted for innovations in renewable energy technology and assessment of new developments within the industry
  • Insight into the competitive landscape for key market participants in the renewable energy industry
  • Descriptive company profiles of the leading global players, including ABB Ltd., Fuji Electric Co. Ltd., Hitachi Ltd., Mitsubishi Heavy Industries Ltd. and Toshiba Corp

Table of Contents

Chapter 1 Introduction
  • Study Goals and Objectives
  • Reasons for Doing this Study
  • What's New in this Update?
  • Scope of Report
  • Intended Audience
  • Methodology and Information Sources
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Research Reports

Chapter 2 Summary and Highlights
Chapter 3 Global Renewable Energy Market Overview
  • Overview
  • Renewable Energy Market Determinants
  • Growth of Carbon Dioxide Emission Levels
  • Institutions and Programs of Importance for the Renewable Energy Sector
  • History of the Renewable Energy Market
  • Renewable Energy Installed Capacity
  • Growth in Electricity Demand
  • Global Roadmaps for Renewable Energy Generation
  • Power Generation Policy Support
  • New Renewable Energy Support Mechanisms
  • Feed-In Tariff/Feed-In Premium
  • Other Measures
  • Impact of Covid-19 on the Renewable Energy Market
  • Impact on Electricity Demand
  • Impact on Renewable Energy Market
  • Pricing Analysis
  • Overview

Chapter 4 Solar Power Market
  • Overview
  • Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Solar Power Market
  • Solar Pv Market
  • Asia-Pacific Solar Pv Market
  • North American Solar Pv Market
  • European Solar Pv Market
  • South American Solar Pv Market
  • Mea Solar Pv Market
  • Concentrated Solar Power Market
  • North American Csp Market
  • European Csp Market
  • Asia-Pacific Csp Market
  • South American Csp Market
  • Mea Csp Market
  • Industry Structure of Licensed Capacity
  • Licensing Periods
  • Legislative Framework for Solar Power
  • Competition in the Solar Pv Manufacturing Market

Chapter 5 Wind Power Market
  • Overview
  • Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Wind Power Market
  • North American Wind Power Market
  • European Wind Power Market
  • Asia-Pacific Wind Power Market
  • South American Wind Power Market
  • Mea Wind Power Market
  • Installed Capacity Clustering
  • Legislative Framework for Wind Power
  • Denmark
  • The European Union
  • India
  • Poland
  • U.S.
  • Australia
  • China
  • Competition in the Wind Power Market
  • Roadmap for Wind Power Market Development

Chapter 6 Geothermal Power Market
  • Overview
  • Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Global Geothermal Energy Market
  • Revenue and Installed Capacity by Region
  • North American Geothermal Energy Market
  • European Geothermal Energy Market
  • Asia-Pacific Geothermal Energy Market
  • South American Geothermal Energy Market
  • Mea Geothermal Energy Market
  • Geothermal Power Licensing Periods and Legislative Frameworks
  • Iceland
  • France
  • Italy
  • Germany
  • U.S.
  • Australia
  • Rest of the World (Row)
  • Competition in the Geothermal Energy Market
  • Geothermal Investment Trends
  • Roadmap of Geothermal Energy Market Development
  • North America
  • Europe
  • Asia-Pacific
  • Row
  • Middle East and Africa

Chapter 7 Hydroelectric Power Market
  • Overview
  • Run-Of-River Hydropower Plant
  • Pumped Storage
  • Storage Hydropower
  • Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Hydroelectric Power Market
  • Revenue and Installed Capacity by Region
  • North American Hydroelectric Power Market
  • European Hydroelectric Power Market
  • Asia-Pacific Hydroelectric Power Market
  • South American Hydroelectric Power Market
  • Mea Hydroelectric Power Market
  • Legislative Framework for Hydroelectric Power
  • China
  • U.S.
  • India
  • Recent General Global Hydropower Trends

Chapter 8 Ocean Energy Market
  • Overview
  • Types of Ocean Energy Technology
  • Wave Energy
  • Marine Current Energy
  • Ocean Thermal Energy Conversion
  • Market Dynamics
  • Market Drivers
  • Global Warming
  • Use of Coal
  • Ocean Power Market
  • Revenue and Installed Capacity Markets by Region
  • North American Ocean Power Market
  • European Ocean Power Market
  • Asia-Pacific Ocean Power Market
  • Mea Ocean Power Market
  • Licensing Period and Industry Structure for Licensed Capacity
  • Legislative Framework for Ocean Power
  • Recent News and Developments in the Global Ocean Power Market by Country

Chapter 9 Bioenergy Market
  • Overview
  • Bioenergy Market
  • Liquid Biofuels for the Transportation Sector
  • Biofuel Feedstocks
  • Crop Feedstock
  • Cellulosic Feedstock
  • Algae Feedstock
  • Carbon Dioxide Feedstock
  • Types of Biofuels
  • Conventional Biofuels
  • Advanced Biofuels
  • End Products of Biofuels
  • Cellulosic Ethanol
  • Biodiesel
  • Biogas
  • Syngas
  • Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Biodiesel Market
  • Revenue and Production by Region
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Mea
  • Legislative Framework for Biofuels
  • Eu Legislation for Biofuels and Biomass for Energy Purposes
  • U.S. Legislation for Biofuels and Biomass for Energy Purposes
  • U.S. National Renewable Fuel Standard
  • California Low Carbon Fuel Standard
  • Competition in the Biofuel Market
  • Roadmap of Biofuel Market Development

Chapter 10 Renewable Energy Market by Region
  • Overview
  • Asia-Pacific Renewable Energy Market
  • European Renewable Energy Market
  • North American Renewable Energy Market
  • South American Renewable Energy Market
  • Mea Renewable Energy Market

Chapter 11 Factors Influencing Demand for Renewable Energy
  • Demographic Population Changes
  • Age
  • Household Composition
  • Increasing Income
  • Government Subsidies
  • European Union
  • U.S.
  • Factors Influencing Solar Energy
  • International Support for Photovoltaics
  • European Activities
  • Implementing the Vision in Europe
  • Germany's National Program
  • European Photovoltaic Industry Association
  • Japanese Pv Efforts
  • Chinese Central Planning
  • National Energy Administration of China
  • 13th Renewable Energy Development Five-Year Plan (2016-2020)
  • India
  • India's 175 Gw Renewable Energy Target for 2022
  • Other International Support for Solar Energy
  • Standards and Conformity Assessment Organizations
  • Economics and Costs of Pv Installations
  • Solar Rebates and Incentives
  • U.S. Pv Incentive Programs
  • State Pv Incentives
  • Property Tax Exemptions
  • Sales Tax Exemptions
  • Federal Pv Incentives
  • Emissions Trading Programs
  • Emissions Trading Systems
  • Chinese Pilot Trading Schemes

Chapter 12 Government Regulations
  • Government Commitments to Environmental Measures
  • Feed-In Tariffs
  • Renewable Portfolio Standards (Rps)
  • Power Purchase Agreements
  • Production Tax Credits
  • Renewable Energy Governing Bodies
  • United Nations Environment Programme
  • Division of Early Warning and Assessment
  • Division of Environmental Policy Division of Technology, Industry and Economics
  • Division of Policy Development and Law
  • Division of Environmental Policy Implementation
  • Division of Regional Cooperation
  • Division of Environmental Conventions
  • Global Environment Facility
  • Unep Governing Bodies
  • Unep Partnerships
  • Unep Scientific Advisory Groups
  • The Ecosystem Conservation Group
  • Intergovernmental Panel on Climate Change
  • The Joint Group of Experts on the Scientific Aspects of Marine Environmental Protection
  • Unep Energy Branch
  • Renewable Energy
  • Energy Efficiency
  • Sustainable Transport
  • Alternative Fuels
  • Roundtable of Sustainable Biofuels
  • International Resource Panel
  • Promoting Vehicle Energy Efficiency
  • Bioenergy Program
  • Intergovernmental Panel on Climate Change
  • European Commission
  • European Energy Commission
  • U.S. State, Local and Foreign Government Agencies
  • U.S. Doe
  • Energy Efficiency and Renewable Energy
  • Geothermal Power
  • Solar Power
  • Hydropower
  • Vehicles
  • Federal Energy Management Program
  • Weatherization Intergovernmental Program
  • U.S. Environmental Protection Agency
  • Epa Energy
  • Epa Energy Star
  • Regional Government Initiatives
  • Local Government Initiatives

Chapter 13 Challenges to the Adoption of Renewable Energy
  • Solar Power
  • Capital Costs
  • Pv Standards and Safety
  • Hazardous Substances
  • Biofuels
  • Wave Energy and the Environment
  • Fish, Marine Life and Endangered Species
  • Visual Appearance and Noise
  • Sedimentary Flow Patterns
  • Device Fluid Leaks
  • Conflicts With Recreational Activities
  • U.S. Permit Process
  • Ferc Process

Chapter 14 Patent Review/New Developments
  • Technologies
  • Biotechnology
  • Nanotechnology
  • Renewable Energy Patents

Chapter 15 Competitive Landscape
Chapter 16 Company Profiles
  • Abb Ltd.
  • Andritz AG
  • Babcock & Wilcox Enterprises Inc.
  • Fuji Electric Co. Ltd.
  • General Electric
  • Hitachi Ltd.
  • Jinkosolar Holding Co. Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Siemens AG
  • Toshiba Corp.
  • Multi-Sector Operators
  • Acciona
  • Bp plc
  • Rwe
  • Solar Energy Operators
  • Canadian Solar Inc.
  • First Solar Inc.
  • Hanwha Qcells
  • Hyundai Heavy Industries Co. Ltd.
  • Ja Solar Pv Technology Co. Ltd.
  • Kyocera
  • Motech Industries
  • Schott Solar Csp
  • Sharp Corp.
  • Solar Frontier Ltd.
  • Sunpower Corp.
  • Trina Solar Ltd.
  • Wuxi Suntech Power Co. Ltd.
  • Yingli Solar
  • Hydropower
  • Agder Energi
  • Bc Hydro and Power Authority
  • Centrais Eletricas Brasileiras S.A. (Eletrobras)
  • China Huadian
  • China Yangtze Power Co. Ltd.
  • Duke Energy Corp.
  • Georgia Power Co.
  • Hydro Green Energy
  • Hydro-Quebec
  • Ontario Power Generation
  • Rushydro
  • Shaoyang Hengyuan Zijiang Hydroelectric Equipment Co. Ltd.
  • Stat Kraft As
  • Voith AG
  • Wind Energy
  • Enercon GmbH
  • Nordex Se
(Xinjiang) Goldwind Science and Technology
  • Liquid Biofuels for Transportation
  • Amyris Biotechnologies Inc.
  • Archers Daniels Midland
  • Biojet Corp.
  • Bluefire Renewables
  • Cosan
  • Green Plains Renewable Energy Inc.
  • Greenshift Corp.
  • Gushan Environmental Energy
  • Poet LLC
  • Rentech Inc.
  • Sapphire Energy Inc.
  • Solazyme Inc.
  • Sustainable Oils
  • Synata Bio (Coskata)
  • Thorney Technologies Ltd.
  • Valero Energy Corp.
  • Geothermal Energy
  • Altarock Energy Inc.
  • Calpine Corp.
  • Chevron Corp.
  • Comision Federal De Electricidad
  • Enel S.P.A.
  • Energy Development Corp.
  • Mercury Nz Ltd. (Mighty River Power)
  • Ormat Technologies Inc.
  • Reykjavik Energy (Orkuveita Reykjavíkur)
  • Ocean Power
  • Andritz Hydro Hammerfes
  • Aquamarine Power
  • Aw-Energy
  • Aws Ocean Energy Ltd.
  • Biopower Systems Pty Ltd.
  • Carnegie Wave Energy
  • Ocean Power Technologies
  • Pelamis Wave Power
  • Renewable Energy Holdings
  • Seabased Ab
  • Simec Atlantis Energy (Marine Current Turbines)
  • Syncwave Energy Inc.
  • Wave Star Energy

Chapter 17 Renewable Energy Ministries
  • Ministry of Environmental Protection, People's Republic of China
  • Mandates
  • Departments
  • National Action Plan on Climate Change
  • Responsibilities
  • Current Environmental Situation
  • Key Areas and Main Tasks
  • Ministry of Environment and Forests of India
  • U.K. Department for Environment, Food and Rural Affairs
  • Sustainable Development
  • Sdig Targets
  • Biodiversity
  • Sustainable Communities
  • Governance and Delivery
  • Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety of Germany

Chapter 18 Appendix: Glossary
  • Biodiesel
  • Biofuels
  • Biomass
  • Fee-For-Service Model
  • Feed-In Tariff (Fit)
  • Hydropower
  • Levelized Cost of Energy (Lcoe)
  • Mandate/Obligation
  • Regulatory Policy
  • Watt/Kilowatt/Megawatt/Gigawatt/Terawatt-Hour

List of Tables
Summary Table: Global Renewable Energy Market, by Technology, Through 2027
Table 1: GHG Reduction Targets for 2020, by Country/Region
Table 2: CO2 Emissions, by Country, 2020
Table 3: History of the Renewable Energy Market
Table 4: Global Renewable Energy Market Volume, by Technology, Through 2027
Table 5: Number of Countries with Renewable Energy (Power Generation), by Type of Support Mechanism, 2014-2016
Table 6: Number of Countries with Renewable Energy Regulatory Policies, 2018-2020
Table 7: Policy Changes in Different Countries
Table 8: Electricity Cost Trends of Total Installed Cost and Levelized Cost of Electricity, 2010-2020
Table 9: Average Prices of Renewable Energy, by Region, 2020-2027
Table 10: Average Prices of Renewable Energy, by Technology, 2020-2027
Table 11: Pounds of CO2 Emitted per Million BTU of Energy for Fuels
Table 12: Global Solar Power Market, by Technology, Through 2027
Table 13: Global Solar Power Market Volume, by Technology, Through 2027
Table 14: Global Solar Power Market, by Region, Through 2027
Table 15: Global Solar Power Market Volume, by Region, Through 2027
Table 16: Global Solar PV Market, by Technology, Through 2027
Table 17: Global Solar PV Market Volume, by Technology, Through 2027
Table 18: Global Solar PV Market, by Region, Through 2027
Table 19: Global Solar PV Market Volume, by Region, Through 2027
Table 20: Global Solar PV Market, by Application, Through 2027
Table 21: Global Solar PV Market Volume, by Application, Through 2027
Table 22: Asia-Pacific Solar PV Market, by Technology, Through 2027
Table 23: Asia-Pacific Solar PV Market Volume, by Technology, Through 2027
Table 24: Asia-Pacific Solar PV Market, by Application, Through 2027
Table 25: Asia-Pacific Solar PV Market Volume, by Application, Through 2027
Table 26: North American Solar PV Market, by Technology, Through 2027
Table 27: North American Solar PV Market Volume, by Technology, Through 2027
Table 28: North American Solar PV Market, by Application, Through 2027
Table 29: North American Solar PV Market Volume, by Application, Through 2027
Table 30: European Solar PV Market, by Technology, Through 2027
Table 31: European Solar PV Market Volume, by Technology, Through 2027
Table 32: European Solar PV Market, by Application, Through 2027
Table 33: European Solar PV Market Volume, by Application, Through 2027
Table 34: South American Solar PV Market, by Technology, Through 2027
Table 35: South American Solar PV Market Volume, by Technology, Through 2027
Table 36: South American Solar PV Market, by Application, Through 2027
Table 37: South American Solar PV Market Volume, by Application, Through 2027
Table 38: MEA Solar PV Market, by Technology, Through 2027
Table 39: MEA Solar PV Market Volume, by Technology, Through 2027
Table 40: MEA Solar PV Market, by Application, Through 2027
Table 41: MEA Solar PV Market Volume, by Application, Through 2027
Table 42: Global CSP Market, by Region, Through 2027
Table 43: Global CSP Market Volume, by Region, Through 2027
Table 44: Global CSP Market, by Technology, Through 2027
Table 45: Global CSP Market Volume, by Technology, Through 2027
Table 46: North American CSP Market, by Technology, Through 2027
Table 47: North American CSP Market Volume, by Technology, Through 2027
Table 48: European CSP Market, by Technology, Through 2027
Table 49: European CSP Market Volume, by Technology, Through 2027
Table 50: Asia-Pacific CSP Market, by Technology, Through 2027
Table 51: Asia-Pacific CSP Market Volume, by Technology, Through 2027
Table 52: South American CSP Market, by Technology, Through 2027
Table 53: South American CSP Market Volume, by Technology, Through 2027
Table 54: MEA CSP Market, by Technology, Through 2027
Table 55: MEA CSP Market Volume, by Technology, Through 2027
Table 56: Average Levelized Electricity Costs (LEC) in the U.S., by Power Plant Type
Table 57: Global Wind Power Market, by Technology, Through 2027
Table 58: Global Wind Power Market Volume, by Technology, Through 2027
Table 59: Global Wind Power Market, by Application, Through 2027
Table 60: Global Wind Power Market Volume, by Application, Through 2027
Table 61: Global Wind Power Market, by Region, Through 2027
Table 62: Global Wind Power Market Volume, by Region, Through 2027
Table 63: North American Wind Power Market, by Application, Through 2027
Table 64: North American Wind Power Market Volume, by Application, Through 2027
Table 65: European Wind Power Market, by Application, Through 2027
Table 66: European Wind Power Market Volume, by Application, Through 2027
Table 67: Asia-Pacific Wind Power Market, by Application, Through 2027
Table 68: Asia-Pacific Wind Power Market Volume, by Application, Through 2027
Table 69: South American Wind Power Market, by Application, Through 2027
Table 70: South American Wind Power Market Volume, by Application, Through 2027
Table 71: MEA Wind Power Market, by Application, Through 2027
Table 72: MEA Wind Power Market Volume, by Application, Through 2027
Table 73: Wind Power Clusters in North Sea and Baltic Sea Regions
Table 74: Comparative Analysis of Harmful Gases Emitted During Coal-Fired Versus Geothermal Power Generation
Table 75: Capacity Factor Range for Selected Renewable Technologies
Table 76: Global Geothermal Energy Market, by Technology, Through 2027
Table 77: Global Geothermal Energy Market Volume, by Technology, Through 2027
Table 78: Global Geothermal Energy Market, by Region, Through 2027
Table 79: Global Geothermal Energy Market Volume, by Region, Through 2027
Table 80: North American Geothermal Energy Market, by Technology, Through 2027
Table 81: North American Geothermal Energy Market Volume, by Technology, Through 2027
Table 82: European Geothermal Energy Market, by Technology, Through 2027
Table 83: European Geothermal Energy Market Volume, by Technology, Through 2027
Table 84: Asia-Pacific Geothermal Energy Market, by Technology, Through 2027
Table 85: Asia-Pacific Geothermal Energy Market Volume, by Technology, Through 2027
Table 86: South American Geothermal Energy Market, by Technology, Through 2027
Table 87: South American Geothermal Energy Market Volume, by Technology, Through 2027
Table 88: MEA Geothermal Energy Market, by Technology, Through 2027
Table 89: MEA Geothermal Energy Market Volume, by Technology, Through 2027
Table 90: Legislative Framework for Geothermal Energy in Australia
Table 91: Hydroelectric Power Classification based on Output
Table 92: Global Average Renewable LEC, by Power Plant Type, 2010 and 2017
Table 93: Top 20 Countries, by Un-utilized Hydropower Potential
Table 94: Global Hydroelectric Power Market, by Application, Through 2027
Table 95: Global Hydroelectric Power Market Volume, by Application, Through 2023
Table 96: Global Hydroelectric Power Market, by Region, Through 2027
Table 97: Global Hydroelectric Power Market Volume, by Region, Through 2027
Table 98: North American Hydroelectric Power Market, by Application, Through 2027
Table 99: North American Hydroelectric Power Market Volume, by Application, Through 2027
Table 100: European Hydroelectric Power Market, by Application, Through 2027
Table 101: European Hydroelectric Power Market Volume, by Application, Through 2027
Table 102: Asia-Pacific Hydroelectric Power Market, by Application, Through 2027
Table 103: Asia-Pacific Hydroelectric Power Market Volume, by Application, Through 2027
Table 104: South American Hydroelectric Power Market, by Application, Through 2027
Table 105: South American Hydroelectric Power Market Volume, by Application, Through 2027
Table 106: MEA Hydroelectric Power Market, by Application, Through 2027
Table 107: MEA Hydroelectric Power Market Volume, by Application, Through 2027
Table 108: Wave Energy Conversion Technologies, by Company
Table 109: Tidal Energy Conversion Technologies, by Company
Table 110: Major Tidal Energy Projects, by Country
Table 111: Global Ocean Power Market, by Application, Through 2027
Table 112: Global Ocean Power Market Volume, by Application, Through 2027
Table 113: Global Ocean Power Market, by Region, Through 2027
Table 114: Global Ocean Power Market Volume, by Region, Through 2027
Table 115: North American Ocean Power Market, by Application, Through 2027
Table 116: North American Ocean Power Market Volume, by Application, Through 2027
Table 117: European Ocean Power Market, by Application, Through 2027
Table 118: European Ocean Power Market Volume, by Application, Through 2027
Table 119: Asia-Pacific Ocean Power Market, by Application, Through 2027
Table 120: Asia-Pacific Ocean Power Market Volume, by Application, Through 2027
Table 121: MEA Ocean Power Market, by Application, Through 2027
Table 122: MEA Ocean Power Market Volume, by Application, Through 2027
Table 123: Biofuel Production, by Type, 2015-2019
Table 124: Biogas Production, by Type, 2015-2019
Table 125: Global Bioenergy Market, by Technology, Through 2027
Table 126: Global Bioenergy Market Volume, by Technology, Through 2027
Table 127: Global Bioenergy Market, by Application, Through 2027
Table 128: Global Bioenergy Market Volume, by Application, Through 2027
Table 129: Global Bioenergy Market, by Region, Through 2027
Table 130: Global Bioenergy Market Volume, by Region, Through 2027
Table 131: Substitutability of Biofuels
Table 132: Liquid Biofuel Production
Table 133: Global Biodiesel Market, by Volume and Value, Through 2027
Table 134: Global Biodiesel Market, by Application, Through 2027
Table 135: Global Biodiesel Market Volume, by Application, Through 2027
Table 136: Global Biodiesel Market, by Region, Through 2027
Table 137: Global Biodiesel Market Volume, by Region, Through 2027
Table 138: North American Biodiesel Market, by Application, Through 2027
Table 139: North American Biodiesel Market Volume, by Application, Through 2027
Table 140: European Biodiesel Market, by Application, Through 2027
Table 141: European Biodiesel Market Volume, by Application, Through 2027
Table 142: Asia-Pacific Biodiesel Market, by Application, Through 2027
Table 143: Asia-Pacific Biodiesel Market Volume, by Application, Through 2027
Table 144: South American Biodiesel Market, by Application, Through 2027
Table 145: South American Biodiesel Market Volume, by Application, Through 2027
Table 146: MEA Biodiesel Market, by Application, Through 2027
Table 147: MEA Biodiesel Market Volume, by Application, Through 2027
Table 148: Roadmap of Biofuel Market Development
Table 149: Global Renewable Energy Market, by Region, Through 2027
Table 150: Global Renewable Energy Market Volume, by Region, Through 2027
Table 151: Asia-Pacific Renewable Energy Market, by Technology, Through 2027
Table 152: Asia-Pacific Renewable Energy Market Volume, by Technology, Through 2027
Table 153: Asia-Pacific Renewable Energy Market Volume, by Country, 2017-2021
Table 154: European Renewable Energy Market, by Technology, Through 2027
Table 155: European Renewable Energy Market Volume, by Technology, Through 2027
Table 156: European Renewable Energy Market Volume, by Country, 2017-2021
Table 157: North American Renewable Energy Market, by Technology, Through 2027
Table 158: North American Renewable Energy Market Volume, by Technology, Through 2027
Table 159: North American Renewable Energy Market Volume, by Country, 2017-2021
Table 160: South American Renewable Energy Market, by Technology, Through 2027
Table 161: South American Renewable Energy Market Volume Share, by Technology, Through 2027
Table 162: South American Renewable Energy Market Volume, by Country, 2017-2021
Table 163: MEA Renewable Energy Market, by Technology, Through 2027
Table 164: MEA Renewable Energy Market Volume, by Technology, Through 2027
Table 165: MEA Renewable Energy Market Volume, by Country, 2017-2021
Table 166: Demographic Population Projections, by Region, Through 2050
Table 167: Global Population, by Age Groups, 2000, 2014 and 2016
Table 168: Total Cost of Tax Expenditures in the U.S., by Type of Production and Year, 2010-2019
Table 169: Total Cost of Tax Expenditures, by Type of Power Plants and Year, 2010-2019
Table 170: China’s Solar Energy Deployment Strategy and Targeted Costs Reduction
Table 171: India’s Regional Technology Targets
Table 172: Environmental Commitments of Selected Countries and Regions
Table 173: U.S. Renewable Energy Technology Patent Application History, 2013-2016
Table 174: U.S. Renewable Energy Patents, 2015-2017
Table 175: European Renewable Energy Patents, 2015–2017
Table 176: List of Key Multi-Sector Operators in Renewable Energy Industry
Table 177: List of Key Renewable Energy Industry Suppliers
Table 178: List of Key Hydroelectric Energy Operators in Renewable Energy Industry
Table 179: List of Key Wind Power Operators in Renewable Energy Industry
Table 180: List of Key Solar Power Operators in Renewable Energy Industry
Table 181: List of Key Liquid Biofuels Operators in Renewable Energy Industry
Table 182: List of Key Geothermal Energy Operators in Renewable Energy Industry
Table 183: List of Key Ocean Power Operators in Renewable Energy Industry
Table 184: ABB Ltd.: Company Overview
Table 185: ABB Ltd.: Key Financial Metrics, 2019-2021
Table 186: ABB Ltd.: Business Segment Overview
Table 187: ABB Ltd.: Recent Developments, 2022
Table 188: Andritz AG: Company Overview
Table 189: Andritz AG: Key Financial Metrics, 2019-2021
Table 190: Andritz AG: Business Segment Overview
Table 191: Andritz AG: Recent Developments, 2022
Table 192: Babcock & Wilcox Enterprises Inc.: Company Overview
Table 193: Babcock & Wilcox Enterprises Inc.: Key Financial Metrics, 2018-2020
Table 194: Babcock & Wilcox Enterprises Inc.: Business Segment Overview
Table 195: Babcock & Wilcox Enterprises Inc.: Recent Developments, 2022
Table 196: Fuji Electric Co. Ltd.: Company Overview
Table 197: Fuji Electric Co. Ltd.: Key Financial Metrics, 2019-2021*
Table 198: Fuji Electric Co. Ltd.: Business Segment Overview
Table 199: Fuji Electric Co. Ltd.: Recent Developments, 2022
Table 200: General Electric: Company Overview
Table 201: General Electric: Key Financial Metrics, 2019-2021
Table 202: General Electric: Business Segment Overview
Table 203: General Electric: Recent Developments, February 2022
Table 204: Hitachi Ltd.: Company Overview
Table 205: Hitachi Ltd.: Key Financial Metrics, 2018-2020
Table 206: Hitachi Ltd.: Business Segment Overview
Table 207: Hitachi Ltd.: Recent Developments, 2022
Table 208: JinkoSolar Holding Co. Ltd.: Company Overview
Table 209: JinkoSolar Holding Co. Ltd.: Key Financial Metrics, 2018-2020
Table 210: JinkoSolar Holding Co. Ltd.: Recent Developments, 2022
Table 211: Mitsubishi Heavy Industries Ltd.: Company Overview
Table 212: Mitsubishi Heavy Industries Ltd.: Key Financial Metrics, 2019-2021
Table 213: Mitsubishi Heavy Industries Ltd.: Business Segment Overview
Table 214: Mitsubishi Heavy Industries Ltd.: Recent Developments, 2022
Table 215: Siemens AG: Company Overview
Table 216: Siemens AG: Key Financial Metrics, 2019-2021
Table 217: Siemens AG: Business Segment Overview
Table 218: Siemens AG: Recent Developments, 2022
Table 219: Toshiba Corp.: Company Overview
Table 220: Toshiba Corp., Key Financial Metrics, 2020-2022
Table 221: Toshiba Corp.: Business Segment Overview
Table 222: Toshiba Corporation: Recent Developments, 2022
Table 223: List of Acronyms Used in the Renewable Energy Market
List of Figures
Summary Figure: Global Renewable Energy Market, by Technology, 2021-2027
Figure 1: Annual CO2 Emissions, 2015-2021
Figure 2: CO2 Emissions, by Industry, 2020
Figure 3: Global Share of Power Generation Sources, 2015-2019
Figure 4: Global Renewable Energy Capacity Additions, 2021-2027
Figure 5: Global Renewable Energy Market Volume Share, by Technology, 2021 and 2027
Figure 6: Global Solar Power Market Share, by Technology, 2021
Figure 7: Global Solar Power Market Volume Share, by Technology, 2021
Figure 8: Global Solar Power Market Share, by Region, 2021
Figure 9: Global Solar Power Market Volume Share, by Region, 2021
Figure 10: Global Solar PV Market Share, by Technology, 2021
Figure 11: Global Solar PV Market Volume Share, by Technology, 2021
Figure 12: Global Solar PV Market Share, by Region, 2021
Figure 13: Global Solar PV Market Volume Share, by Region, 2021
Figure 14: Global Solar PV Market Share, by Application, 2021
Figure 15: Global Solar PV Market Volume Share, by Application, 2021
Figure 16: Asia-Pacific Solar PV Market Share, by Technology, 2021
Figure 17: Asia-Pacific Solar PV Market Volume Share, by Technology, 2021
Figure 18: Asia-Pacific Solar PV Market Share, by Application, 2021
Figure 19: Asia-Pacific Solar PV Market Volume Share, by Application, 2021
Figure 20: North American Solar PV Market Share, by Technology, 2021
Figure 21: North American Solar PV Market Volume Share, by Technology, 2021
Figure 22: North American Solar PV Market Share, by Application, 2021
Figure 23: North American Solar PV Market Volume Share, by Application, 2021
Figure 24: European Solar PV Market Share, by Technology, 2021
Figure 25: European Solar PV Market Volume Share, by Technology, 2021
Figure 26: European Solar PV Market Share, by Application, 2021
Figure 27: European Solar PV Market Volume Share, by Application, 2021
Figure 28: South American Solar PV Market Share, by Technology, 2021
Figure 29: South American Solar PV Market Volume Share, by Technology, 2021
Figure 30: South American Solar PV Market Share, by Application, 2021
Figure 31: South American Solar PV Market Volume Share, by Application, 2021
Figure 32: MEA Solar PV Market Share, by Technology, 2021
Figure 33: MEA Solar PV Market Volume Share, by Technology, 2021
Figure 34: MEA Solar PV Market Share, by Application, 2021
Figure 35: MEA Solar PV Market Volume Share, by Application, 2021
Figure 36: Global CSP Market Share, by Region, 2021
Figure 37: Global CSP Market Volume Share, by Region, 2021
Figure 38: Global CSP Market Share, by Technology, 2021
Figure 39: Global CSP Market Volume Share, by Technology, 2021
Figure 40: North American CSP Market Share, by Technology, 2021
Figure 41: North American CSP Market Volume Share, by Technology, 2021
Figure 42: European CSP Market Share, by Technology, 2021
Figure 43: European CSP Market Volume Share, by Technology, 2021
Figure 44: Asia-Pacific CSP Market Share, by Technology, 2021
Figure 45: Asia-Pacific CSP Market Volume Share, by Technology, 2021
Figure 46: South American CSP Market Share, by Technology, 2021
Figure 47: South American CSP Market Volume Share, by Technology, 2021
Figure 48: MEA CSP Market Share, by Technology, 2021
Figure 49: MEA CSP Market Volume Share, by Technology, 2021
Figure 50: Global Leading PV Manufacturers’ Market Share, by Shipments, 2021
Figure 51: Global Wind Power Market Share, by Technology, 2021
Figure 52: Global Wind Power Market Volume Share, by Technology, 2021
Figure 53: Global Wind Power Market Share, by Application, 2021
Figure 54: Global Wind Power Market Volume Share, by Application, 2021
Figure 55: Global Wind Power Market Share, by Region, 2021
Figure 56: Global Wind Power Market Volume Share, by Region, 2021
Figure 57: North American Wind Power Market Share, by Application, 2021
Figure 58: North American Wind Power Market Volume Share, by Application, 2021
Figure 59: European Wind Power Market Share, by Application, 2021
Figure 60: European Wind Power Market Volume Share, by Application, 2021
Figure 61: Asia-Pacific Wind Power Market Share, by Application, 2021
Figure 62: Asia-Pacific Wind Power Market Volume Share, by Application, 2021
Figure 63: South American Wind Power Market Share, by Application, 2021
Figure 64: South American Wind Power Market Volume Share, by Application, 2021
Figure 65: MEA Wind Power Market Share, by Application, 2021
Figure 66: MEA Wind Power Market Share, by Application, 2021
Figure 67: Global Wind Turbine Segmentation, by Company, 2021
Figure 68: Global Geothermal Energy Market Share, by Technology, 2021
Figure 69: Global Geothermal Energy Market Volume Share, by Technology, 2021
Figure 70: Global Geothermal Energy Market Share, by Region, 2021
Figure 71: Global Geothermal Energy Market Volume Share, by Region, 2021
Figure 72: North American Geothermal Energy Market Share, by Technology, 2021
Figure 73: North American Geothermal Energy Market Volume Share, by Technology, 2021
Figure 74: European Geothermal Energy Market Share, by Technology, 2021
Figure 75: European Geothermal Energy Market Volume Share, by Technology, 2021
Figure 76: Asia-Pacific Geothermal Energy Market Share, by Technology, 2021
Figure 77: Asia-Pacific Geothermal Energy Market Volume Share, by Technology, 2021
Figure 78: South American Geothermal Energy Market Share, by Technology, 2021
Figure 79: South American Geothermal Energy Market Volume Share, by Technology, 2021
Figure 80: MEA Geothermal Energy Market Share, by Technology, 2021
Figure 81: MEA Geothermal Energy Market Volume Share, by Technology, 2021
Figure 82: Geothermal Development Patterns: Vertical Integration Vs. In-Country Public--Private Financing
Figure 83: Global Geothermal Energy Market Shares, by Company, 2021
Figure 84: Global Hydroelectric Power Market Share, by Application, 2021
Figure 85: Global Hydroelectric Power Market Volume Share, by Application, 2021
Figure 86: Global Hydroelectric Power Market Share, by Region, 2021
Figure 87: Global Hydroelectric Power Market Volume Share, by Region, 2021
Figure 88: North American Hydroelectric Power Market Share, by Application, 2021
Figure 89: North American Hydroelectric Power Market Volume Share, by Application, 2021
Figure 90: European Hydroelectric Power Market Share, by Application, 2021
Figure 91: European Hydroelectric Power Market Volume Share, by Application, 2021
Figure 92: Asia-Pacific Hydroelectric Power Market Share, by Application, 2021
Figure 93: Asia-Pacific Hydroelectric Power Market Volume Share, by Application, 2021
Figure 94: South American Hydroelectric Power Market Share, by Application, 2021
Figure 95: South American Hydroelectric Power Market Volume Share, by Application, 2021
Figure 96: MEA Hydroelectric Power Market Share, by Application, 2021
Figure 97: MEA Hydroelectric Power Market Volume Share, by Application, 2021
Figure 98: Global Ocean Power Market Share, by Application, 2021
Figure 99: Global Ocean Power Market Volume Share, by Application, 2021
Figure 100: Global Ocean Power Market Share, by Region, 2021
Figure 101: Global Ocean Power Market Volume Share, by Region, 2021
Figure 102: North American Ocean Power Market Share, by Application, 2021
Figure 103: North American Ocean Power Market Volume Share, by Application, 2021
Figure 104: European Ocean Power Market Share, by Application, 2021
Figure 105: European Ocean Power Market Volume Share, by Application, 2021
Figure 106: Asia-Pacific Ocean Power Market Share, by Application, 2021
Figure 107: Asia-Pacific Ocean Power Market Volume Share, by Application, 2021
Figure 108: MEA Ocean Power Market Share, by Application, 2021
Figure 109: MEA Ocean Power Market Volume Share, by Application, 2021
Figure 110: Global Biofuel Production, by Region, 2019
Figure 111: Global Biogas Production, by Region, 2019
Figure 112: Global Bioenergy Market Share, by Technology, 2021
Figure 113: Global Bioenergy Market Volume Share, by Technology, 2021
Figure 114: Global Bioenergy Market Share, by Application, 2021
Figure 115: Global Bioenergy Market Volume Share, by Application, 2021
Figure 116: Global Bioenergy Market Share, by Region, 2021
Figure 117: Global Bioenergy Market Volume Share, by Region, 2021
Figure 118: Comparative Analysis: Production Pathways in Fossil Fuels and Biofuels
Figure 119: Global Biodiesel Market Share, by Application, 2021
Figure 120: Global Biodiesel Market Volume Share, by Application, 2021
Figure 121: Global Biodiesel Market Share, by Region, 2021
Figure 122: Global Biodiesel Market Volume Share, by Region, 2021
Figure 123: North American Biodiesel Market Share, by Application, 2021
Figure 124: North American Biodiesel Market Volume Share, by Application, 2021
Figure 125: European Biodiesel Market Share, by Application, 2021
Figure 126: European Biodiesel Market Volume Share, by Application, 2021
Figure 127: Asia-Pacific Biodiesel Market Share, by Application, 2021
Figure 128: Asia-Pacific Biodiesel Market Volume Share, by Application, 2021
Figure 129: South American Biodiesel Market Share, by Application, 2021
Figure 130: South American Biodiesel Market Volume Share, by Application, 2021
Figure 131: MEA Biodiesel Market Share, by Application, 2021
Figure 132: MEA Biodiesel Market Volume Share, by Application, 2021
Figure 133: Global Renewable Energy Market Share, by Region, 2021
Figure 134: Global Renewable Energy Market Volume Share, by Region, 2021
Figure 135: Asia-Pacific Renewable Energy Market Share, by Technology, 2021
Figure 136: Asia-Pacific Renewable Energy Market Volume Share, by Technology, 2021
Figure 137: Asia-Pacific Renewable Energy Market Volume Share, by Country, 2021
Figure 138: European Renewable Energy Market Share, by Technology, 2021
Figure 139: European Renewable Energy Market Volume Share, by Technology, 2021
Figure 140: European Renewable Energy Market Volume Share, by Country, 2021
Figure 141: North American Renewable Energy Market Share, by Technology, 2021
Figure 142: North American Renewable Energy Market Volume Share, by Technology, 2021
Figure 143: North American Renewable Energy Market Volume Share, by Country, 2021
Figure 144: South American Renewable Energy Market Share, by Technology, 2021
Figure 145: South American Renewable Energy Market Volume Share, by Technology, 2021
Figure 146: South American Renewable Energy Market Volume Share, by Country, 2021
Figure 147: MEA Renewable Energy Market Share, by Technology, 2021
Figure 148: MEA Renewable Energy Market Volume Share, by Technology, 2021
Figure 149: MEA Renewable Energy Market Volume Share, by Country, 2021
Figure 150: ABB Ltd.: Revenue Share, by Business Segment, 2021
Figure 151: ABB Ltd.: Revenue Share, by End-Market Segment, 2021
Figure 152: ABB Ltd.: Revenue Share, by Region, 2021
Figure 153: Andritz AG: Revenue Share, by Business Segment, 2021
Figure 154: Babcock & Wilcox Enterprises Inc.: Revenue Share, by Business Segment, 2020
Figure 155: Babcock & Wilcox Enterprises Inc.: Revenue Share, by End-Market Segment, 2020
Figure 156: Babcock & Wilcox Enterprises Inc.: Revenue Share, by Region, 2020
Figure 157: Fuji Electric Co. Ltd.: Revenue Share, by Business Segment, 2021
Figure 158: Fuji Electric Co. Ltd.: Revenue Share, by Region, 2021
Figure 159: General Electric: Revenue Share, by Business Segment, 2021
Figure 160: General Electric: Revenue Share, by Region, 2021
Figure 161: Hitachi Ltd.: Revenue Share, by Business Segment, 2020
Figure 162: Hitachi Ltd.: Revenue Share, by Region, 2020
Figure 163: JinkoSolar Holding Co. Ltd.: Revenue Share, by Business Segment, 2020
Figure 164: JinkoSolar Holding Co. Ltd.: Revenue Share, by Region, 2019
Figure 165: Mitsubishi Heavy Industries Ltd.: Revenue Share, by Business Segment, 2020
Figure 166: Siemens AG: Revenue Share, by Business Segment, 2020
Figure 167: Siemens AG: Revenue Share, by Region, 2020
Figure 168: Toshiba Corp.: Revenue Share, by Business Segment, 2021
Figure 169: Toshiba Corp.: Revenue Share, by Region, 2021

Executive Summary

Renewable energy sources have had an intense decade of growth. In 2019, almost 11% of global primary energy came from renewable energy sources. However, the market environment for renewable energy is likely to be more challenging in the years ahead. As the prices for some renewable energy sources become more competitive, suppliers will be forced to compete as the price of natural gas declines, and they will be challenged, particularly in the wind power industry, to find ways to lower costs, even as future projects focus on more expensive offshore installations. With its much more extensive customer and manufacturing base, solar power will be able to respond more quickly. However, suppliers will find
declining prices and difficult margins, due to the declining volume of the wind power industry. The workhorse of renewable energy - hydropower - will continue to grow mainly due to contracts signed and financing secured before the recent covid pandemic situation.

China is leading the renewable energy market in Asia-Pacific and is expected to remain a key driving factor for the Asia-Pacific market over the forecast period. Additionally, increasing governmental interventions to promote electricity generation using renewable resources in India will increase the Asia- Pacific market’s growth over the forecast period.

Efforts to reduce or minimize reliance on conventional energy resources such as oil, natural gas and coal due to growing environmental hazards caused during their use for power generation are expected to remain a key driving factor for the global market. In addition, governmental support in terms of tax benefits and financial incentives in nations such as the U.S., Germany, Iceland, France, the U.K., China and India are expected to drive renewable energy production. However, the high costs of renewable energy production are expected to hinder market growth over the forecast period.

Companies Mentioned

  • (Xinjiang) Goldwind Science and Technology
  • Abb Ltd.
  • Acciona
  • Agder Energi
  • Altarock Energy Inc.
  • Amyris Biotechnologies Inc.
  • Andritz AG
  • Andritz Hydro Hammerfes
  • Aquamarine Power
  • Archers Daniels Midland
  • Aw-Energy
  • Aws Ocean Energy Ltd.
  • Babcock & Wilcox Enterprises Inc.
  • Bc Hydro and Power Authority
  • Biojet Corp.
  • Biopower Systems Pty Ltd.
  • Bluefire Renewables
  • Bp plc
  • Calpine Corp.
  • Canadian Solar Inc.
  • Carnegie Wave Energy
  • Centrais Eletricas Brasileiras S.A. (Eletrobras)
  • Chevron Corp.
  • China Huadian
  • China Yangtze Power Co. Ltd.
  • Comision Federal De Electricidad
  • Cosan
  • Duke Energy Corp.
  • Enel S.P.A.
  • Enercon GmbH
  • Energy Development Corp.
  • First Solar Inc.
  • Fuji Electric Co. Ltd.
  • General Electric
  • Georgia Power Co.
  • Green Plains Renewable Energy Inc.
  • Greenshift Corp.
  • Gushan Environmental Energy
  • Hanwha Qcells
  • Hitachi Ltd.
  • Hydro Green Energy
  • Hydro-Quebec
  • Hyundai Heavy Industries Co. Ltd.
  • Ja Solar Pv Technology Co. Ltd.
  • Jinkosolar Holding Co. Ltd.
  • Kyocera
  • Mercury Nz Ltd. (Mighty River Power)
  • Mitsubishi Heavy Industries Ltd.
  • Motech Industries
  • Nordex Se
  • Ocean Power Technologies
  • Ontario Power Generation
  • Ormat Technologies Inc.
  • Pelamis Wave Power
  • Poet LLC
  • Renewable Energy Holdings
  • Rentech Inc.
  • Reykjavik Energy (Orkuveita Reykjavíkur)
  • Rushydro
  • Rwe
  • Sapphire Energy Inc.
  • Schott Solar Csp
  • Seabased Ab
  • Shaoyang Hengyuan Zijiang Hydroelectric Equipment Co. Ltd.
  • Sharp Corp.
  • Siemens AG
  • Simec Atlantis Energy (Marine Current Turbines)
  • Solar Frontier Ltd.
  • Solazyme Inc.
  • Stat Kraft As
  • Sunpower Corp.
  • Sustainable Oils
  • Synata Bio (Coskata)
  • Syncwave Energy Inc.
  • Thorney Technologies Ltd.
  • Toshiba Corp.
  • Trina Solar Ltd.
  • Valero Energy Corp.
  • Voith AG
  • Wave Star Energy
  • Wuxi Suntech Power Co. Ltd.
  • Yingli Solar

Table Information