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Power Purchase Agreement Market by Type, Application, End-use: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 447 Pages
  • December 2022
  • Region: Global
  • Allied Market Research
  • ID: 5743655
Description Jump to:
The global power purchase agreement market was valued at $11.6 billion in 2021, and is projected to reach $18.4 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

Power purchase agreement (PPA) is a long-term contract under which a business agrees to purchase electricity directly from a renewable energy generator. Power purchase agreement provide financial certainty to customer and the project developer. PPA removes a significant roadblock to building for new renewable facilities. PPA allows the customer to receive stable and often low-cost electricity with no upfront cost, while also enabling the owner of the system to take advantage of tax credits and receive income from the sale of electricity.

Different PPA have different terms and conditions such as in physical on-site power generation solutions are installed directly on the company’s property, be it on rooftops, parking carports or ground mounted. The electricity is then consumed on site. In physical off-site PPA, renewable energy producer is a electricity supplier and the renewable facility is not a customer’s immediate. Renewable facility distributes the power to customers in small proportion. Varied PPA have different terms and conditions, for example, physical on-site power generation solutions are put on the company's land, whether it be on roofs, in parking garages, or mounted on the ground. After then, the electricity is used on site. In a physical off-site PPA, the renewable energy producer serves as an electrical supplier rather than the customer. Small amounts of electricity are distributed to customers using grids.

As per the global power purchase agreement market analysis, increase in global warming and changes in climatic conditions are projected to lead to faster adoption of PPA in corporate segment in the coming years. The awareness related to the clean energy is increasing in the developing nations which boosts the demand for power purchase agreement during the forecast period. The consumption rate of clean energy is accelerating in developing nations which is contributing toward the increase in power purchase agreement market share. Globally, there is an increase in the adoption rate of power purchase agreement due to various factors such as surge in demand for electricity or power, depletion of fossil fuel resources, and surge in environmental pollution. PPA helps to overcome the concerns which are related to pollution reduction, sustainability, and renewability of resources which is projected to showcase positive impact on power purchase agreement market trends in near future.

For the purpose of analysis, the power purchase agreement market is segmented on the basis of type, application, end-use and region. On the basis of by type, the market is classified into physical PPA, portfolio PPA, block delivery PPA and other. On the basis of application, the market is classified into wind, solar, hydro, geothermal and others. By end-use, the market is segmented into corporate, merchant and residential. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe. Major players operating in the global Power purchase agreement industry include Schneider Electric, RWE, ENGIE, Statkraft AG Group, Enel Spa, Siemens, Ameresco.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the power purchase agreement market analysis from 2021 to 2031 to identify the prevailing power purchase agreement market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the power purchase agreement market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global power purchase agreement market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Application

  • Wind
  • Solar
  • Hydro
  • Geothermal
  • Others

By End Use

  • Corporate
  • Merchant
  • Residential

By Type

  • Block Delivery PPA
  • Others
  • Physical PPA
  • Location
  • Off-Site PPA
  • Type
  • On-Site PPA
  • Portfolio PPA

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Spain
  • Sweden
  • Norway
  • UK
  • Germany
  • Rest of Asia-Pacific
  • Asia-Pacific
  • China
  • India
  • South Korea
  • Japan
  • Rest of Asia-Pacific
  • LAMEA
  • Saudi Arabia
  • Brazil
  • UAE
  • Rest of LAMEA

Key Market Players

  • General Electric
  • Siemens AG
  • statkraft
  • Ameresco Inc.
  • Enel S.p.A.
  • ecohz
  • RES Group
  • Schneider Electric
  • Shell Plc.
  • RWE AG
  • Engie

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Inclination towards the renewable energy consumption in corporates
3.4.1.2. Mitigate the risks for both energy producers and buyers
3.4.2. Restraints
3.4.2.1. Difficulties in Consumer metering and independent regulator
3.4.3. Opportunities
3.4.3.1. Increasing investment in transmission and distribution services
3.4.3.2. Growing Usage of Solar Energy
3.5. COVID-19 Impact Analysis on the market
3.6. Value Chain Analysis
3.7. Key Regulation Analysis
CHAPTER 4: POWER PURCHASE AGREEMENT MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Physical PPA
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.2.4 Physical PPA Power Purchase Agreement Market by Location
4.2.4.1 Off-Site PPA Market size and forecast, by region
4.2.4.2 Off-Site PPA Market size and forecast, by country
4.2.4.3 Off-Site PPA Power Purchase Agreement Market by Type
4.2.4.3.1 Sleeved Market size and forecast, by region
4.2.4.3.2 Sleeved Market size and forecast, by country
4.2.4.3.3 Synthetic Market size and forecast, by region
4.2.4.3.4 Synthetic Market size and forecast, by country
4.2.4.4 On-Site PPA Market size and forecast, by region
4.2.4.5 On-Site PPA Market size and forecast, by country
4.3. Portfolio PPA
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Block Delivery PPA
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
CHAPTER 5: POWER PURCHASE AGREEMENT MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2. Wind
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Solar
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Hydro
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5. Geothermal
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6. Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
CHAPTER 6: POWER PURCHASE AGREEMENT MARKET, BY END USE
6.1 Overview
6.1.1 Market size and forecast
6.2. Corporate
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Merchant
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4. Residential
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
CHAPTER 7: POWER PURCHASE AGREEMENT MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.2.1 North America Physical PPA Power Purchase Agreement Market by Location
7.2.2.1.1 North America Off-Site PPA Power Purchase Agreement Market by Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End Use
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.2.1 U.S. Physical PPA Power Purchase Agreement Market by Location
7.2.5.1.2.1.1 U.S. Off-Site PPA Power Purchase Agreement Market by Type
7.2.5.1.3 Market size and forecast, by Application
7.2.5.1.4 Market size and forecast, by End Use
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.2.1 Canada Physical PPA Power Purchase Agreement Market by Location
7.2.5.2.2.1.1 Canada Off-Site PPA Power Purchase Agreement Market by Type
7.2.5.2.3 Market size and forecast, by Application
7.2.5.2.4 Market size and forecast, by End Use
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.2.1 Mexico Physical PPA Power Purchase Agreement Market by Location
7.2.5.3.2.1.1 Mexico Off-Site PPA Power Purchase Agreement Market by Type
7.2.5.3.3 Market size and forecast, by Application
7.2.5.3.4 Market size and forecast, by End Use
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.2.1 Europe Physical PPA Power Purchase Agreement Market by Location
7.3.2.1.1 Europe Off-Site PPA Power Purchase Agreement Market by Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End Use
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Spain
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.2.1 Spain Physical PPA Power Purchase Agreement Market by Location
7.3.5.1.2.1.1 Spain Off-Site PPA Power Purchase Agreement Market by Type
7.3.5.1.3 Market size and forecast, by Application
7.3.5.1.4 Market size and forecast, by End Use
7.3.5.2 Sweden
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.2.1 Sweden Physical PPA Power Purchase Agreement Market by Location
7.3.5.2.2.1.1 Sweden Off-Site PPA Power Purchase Agreement Market by Type
7.3.5.2.3 Market size and forecast, by Application
7.3.5.2.4 Market size and forecast, by End Use
7.3.5.3 Norway
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.2.1 Norway Physical PPA Power Purchase Agreement Market by Location
7.3.5.3.2.1.1 Norway Off-Site PPA Power Purchase Agreement Market by Type
7.3.5.3.3 Market size and forecast, by Application
7.3.5.3.4 Market size and forecast, by End Use
7.3.5.4 UK
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.2.1 UK Physical PPA Power Purchase Agreement Market by Location
7.3.5.4.2.1.1 UK Off-Site PPA Power Purchase Agreement Market by Type
7.3.5.4.3 Market size and forecast, by Application
7.3.5.4.4 Market size and forecast, by End Use
7.3.5.5 Germany
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.2.1 Germany Physical PPA Power Purchase Agreement Market by Location
7.3.5.5.2.1.1 Germany Off-Site PPA Power Purchase Agreement Market by Type
7.3.5.5.3 Market size and forecast, by Application
7.3.5.5.4 Market size and forecast, by End Use
7.3.5.6 Rest of Asia-Pacific
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Type
7.3.5.6.2.1 Rest of Asia-Pacific Physical PPA Power Purchase Agreement Market by Location
7.3.5.6.2.1.1 Rest of Asia-Pacific Off-Site PPA Power Purchase Agreement Market by Type
7.3.5.6.3 Market size and forecast, by Application
7.3.5.6.4 Market size and forecast, by End Use
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.2.1 Asia-Pacific Physical PPA Power Purchase Agreement Market by Location
7.4.2.1.1 Asia-Pacific Off-Site PPA Power Purchase Agreement Market by Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End Use
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.2.1 China Physical PPA Power Purchase Agreement Market by Location
7.4.5.1.2.1.1 China Off-Site PPA Power Purchase Agreement Market by Type
7.4.5.1.3 Market size and forecast, by Application
7.4.5.1.4 Market size and forecast, by End Use
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.2.1 India Physical PPA Power Purchase Agreement Market by Location
7.4.5.2.2.1.1 India Off-Site PPA Power Purchase Agreement Market by Type
7.4.5.2.3 Market size and forecast, by Application
7.4.5.2.4 Market size and forecast, by End Use
7.4.5.3 South Korea
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.2.1 South Korea Physical PPA Power Purchase Agreement Market by Location
7.4.5.3.2.1.1 South Korea Off-Site PPA Power Purchase Agreement Market by Type
7.4.5.3.3 Market size and forecast, by Application
7.4.5.3.4 Market size and forecast, by End Use
7.4.5.4 Japan
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.2.1 Japan Physical PPA Power Purchase Agreement Market by Location
7.4.5.4.2.1.1 Japan Off-Site PPA Power Purchase Agreement Market by Type
7.4.5.4.3 Market size and forecast, by Application
7.4.5.4.4 Market size and forecast, by End Use
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.2.1 Rest of Asia-Pacific Physical PPA Power Purchase Agreement Market by Location
7.4.5.5.2.1.1 Rest of Asia-Pacific Off-Site PPA Power Purchase Agreement Market by Type
7.4.5.5.3 Market size and forecast, by Application
7.4.5.5.4 Market size and forecast, by End Use
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.2.1 LAMEA Physical PPA Power Purchase Agreement Market by Location
7.5.2.1.1 LAMEA Off-Site PPA Power Purchase Agreement Market by Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End Use
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Saudi Arabia
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.2.1 Saudi Arabia Physical PPA Power Purchase Agreement Market by Location
7.5.5.1.2.1.1 Saudi Arabia Off-Site PPA Power Purchase Agreement Market by Type
7.5.5.1.3 Market size and forecast, by Application
7.5.5.1.4 Market size and forecast, by End Use
7.5.5.2 Brazil
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.2.1 Brazil Physical PPA Power Purchase Agreement Market by Location
7.5.5.2.2.1.1 Brazil Off-Site PPA Power Purchase Agreement Market by Type
7.5.5.2.3 Market size and forecast, by Application
7.5.5.2.4 Market size and forecast, by End Use
7.5.5.3 UAE
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.2.1 UAE Physical PPA Power Purchase Agreement Market by Location
7.5.5.3.2.1.1 UAE Off-Site PPA Power Purchase Agreement Market by Type
7.5.5.3.3 Market size and forecast, by Application
7.5.5.3.4 Market size and forecast, by End Use
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Type
7.5.5.4.2.1 Rest of LAMEA Physical PPA Power Purchase Agreement Market by Location
7.5.5.4.2.1.1 Rest of LAMEA Off-Site PPA Power Purchase Agreement Market by Type
7.5.5.4.3 Market size and forecast, by Application
7.5.5.4.4 Market size and forecast, by End Use
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1 General Electric
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Siemens AG
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 statkraft
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 Ameresco Inc.
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 Enel S.p.A.
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 ecohz
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 RES Group
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 Schneider Electric
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 Shell Plc.
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 RWE AG
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments
9.11 Engie
9.11.1 Company overview
9.11.2 Key Executives
9.11.3 Company snapshot
9.11.4 Operating business segments
9.11.5 Product portfolio
9.11.6 Business performance
9.11.7 Key strategic moves and developments
List of Tables
Table 1. Global Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 2. Power Purchase Agreement Market for Physical Ppa, by Region, 2021-2031 (Revenue, $Million)
Table 3. Global Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 4. Power Purchase Agreement Market for Off-Site Ppa, by Region, 2021-2031 (Revenue, $Million)
Table 5. Global Off-Site Ppa Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 6. Power Purchase Agreement Market for Sleeved, by Region, 2021-2031 (Revenue, $Million)
Table 7. Power Purchase Agreement Market for Synthetic, by Region, 2021-2031 (Revenue, $Million)
Table 8. Power Purchase Agreement Market for On-Site Ppa, by Region, 2021-2031 (Revenue, $Million)
Table 9. Power Purchase Agreement Market for Portfolio Ppa, by Region, 2021-2031 (Revenue, $Million)
Table 10. Power Purchase Agreement Market for Block Delivery Ppa, by Region, 2021-2031 (Revenue, $Million)
Table 11. Power Purchase Agreement Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 12. Global Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 13. Power Purchase Agreement Market for Wind, by Region, 2021-2031 (Revenue, $Million)
Table 14. Power Purchase Agreement Market for Solar, by Region, 2021-2031 (Revenue, $Million)
Table 15. Power Purchase Agreement Market for Hydro, by Region, 2021-2031 (Revenue, $Million)
Table 16. Power Purchase Agreement Market for Geothermal, by Region, 2021-2031 (Revenue, $Million)
Table 17. Power Purchase Agreement Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 18. Global Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 19. Power Purchase Agreement Market for Corporate, by Region, 2021-2031 (Revenue, $Million)
Table 20. Power Purchase Agreement Market for Merchant, by Region, 2021-2031 (Revenue, $Million)
Table 21. Power Purchase Agreement Market for Residential, by Region, 2021-2031 (Revenue, $Million)
Table 22. Power Purchase Agreement Market, by Region, 2021-2031 (Revenue, $Million)
Table 23. North America Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 24. North America Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 25. North America Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 26. North America Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 27. North America Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 28. North America Power Purchase Agreement Market, by Country, 2021-2031 (Revenue, $Million)
Table 29. U.S. Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 30. U.S. Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 31. U.S. Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 32. U.S. Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 33. U.S. Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 34. Canada Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 35. Canada Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 36. Canada Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 37. Canada Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 38. Canada Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 39. Mexico Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 40. Mexico Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 41. Mexico Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 42. Mexico Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 43. Mexico Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 44. Europe Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 45. Europe Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 46. Europe Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 47. Europe Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 48. Europe Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 49. Europe Power Purchase Agreement Market, by Country, 2021-2031 (Revenue, $Million)
Table 50. Spain Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 51. Spain Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 52. Spain Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 53. Spain Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 54. Spain Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 55. Sweden Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 56. Sweden Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 57. Sweden Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 58. Sweden Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 59. Sweden Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 60. Norway Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 61. Norway Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 62. Norway Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 63. Norway Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 64. Norway Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 65. UK Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 66. UK Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 67. UK Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 68. UK Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 69. UK Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 70. Germany Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 71. Germany Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 72. Germany Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 73. Germany Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 74. Germany Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 75. Rest of Asia-Pacific Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 76. Rest of Asia-Pacific Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 77. Rest of Asia-Pacific Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 78. Rest of Asia-Pacific Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 79. Rest of Asia-Pacific Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 80. Asia-Pacific Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 81. Asia-Pacific Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 82. Asia-Pacific Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 83. Asia-Pacific Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 84. Asia-Pacific Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 85. Asia-Pacific Power Purchase Agreement Market, by Country, 2021-2031 (Revenue, $Million)
Table 86. China Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 87. China Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 88. China Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 89. China Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 90. China Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 91. India Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 92. India Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 93. India Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 94. India Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 95. India Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 96. South Korea Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 97. South Korea Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 98. South Korea Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 99. South Korea Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 100. South Korea Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 101. Japan Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 102. Japan Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 103. Japan Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 104. Japan Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 105. Japan Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 106. Rest of Asia-Pacific Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 107. Rest of Asia-Pacific Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 108. Rest of Asia-Pacific Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 109. Rest of Asia-Pacific Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 110. Rest of Asia-Pacific Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 111. LAMEA Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 112. LAMEA Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 113. LAMEA Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 114. LAMEA Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 115. LAMEA Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 116. LAMEA Power Purchase Agreement Market, by Country, 2021-2031 (Revenue, $Million)
Table 117. Saudi Arabia Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 118. Saudi Arabia Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 119. Saudi Arabia Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 120. Saudi Arabia Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 121. Saudi Arabia Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 122. Brazil Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 123. Brazil Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 124. Brazil Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 125. Brazil Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 126. Brazil Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 127. Uae Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 128. Uae Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 129. Uae Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 130. Uae Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 131. Uae Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 132. Rest of LAMEA Power Purchase Agreement Market, by Type, 2021-2031 (Revenue, $Million)
Table 133. Rest of LAMEA Physical Ppa Power Purchase Agreement Market, by Location, 2021-2031 (Revenue, $Million)
Table 134. Rest of LAMEA Off-Site Ppa Power Purchase Agreement Market, by Type 2021-2031 (Revenue, $Million)
Table 135. Rest of LAMEA Power Purchase Agreement Market, by Application, 2021-2031 (Revenue, $Million)
Table 136. Rest of LAMEA Power Purchase Agreement Market, by End Use, 2021-2031 (Revenue, $Million)
Table 137. General Electric: Key Executives
Table 138. General Electric: Company Snapshot
Table 139. General Electric: Operating Segments
Table 140. General Electric: Product Portfolio
Table 141. General Electric: Net Sales
Table 142. General Electric: Key Stratergies
Table 143. Siemens Ag: Key Executives
Table 144. Siemens Ag: Company Snapshot
Table 145. Siemens Ag: Operating Segments
Table 146. Siemens Ag: Product Portfolio
Table 147. Siemens Ag: Net Sales
Table 148. Siemens Ag: Key Stratergies
Table 149. Statkraft: Key Executives
Table 150. Statkraft: Company Snapshot
Table 151. Statkraft: Operating Segments
Table 152. Statkraft: Product Portfolio
Table 153. Statkraft: Net Sales
Table 154. Statkraft: Key Stratergies
Table 155. Ameresco Inc.: Key Executives
Table 156. Ameresco Inc.: Company Snapshot
Table 157. Ameresco Inc.: Operating Segments
Table 158. Ameresco Inc.: Product Portfolio
Table 159. Ameresco Inc.: Net Sales
Table 160. Ameresco Inc.: Key Stratergies
Table 161. Enel S.P.A.: Key Executives
Table 162. Enel S.P.A.: Company Snapshot
Table 163. Enel S.P.A.: Operating Segments
Table 164. Enel S.P.A.: Product Portfolio
Table 165. Enel S.P.A.: Net Sales
Table 166. Enel S.P.A.: Key Stratergies
Table 167. Ecohz: Key Executives
Table 168. Ecohz: Company Snapshot
Table 169. Ecohz: Operating Segments
Table 170. Ecohz: Product Portfolio
Table 171. Ecohz: Net Sales
Table 172. Ecohz: Key Stratergies
Table 173. Res Group: Key Executives
Table 174. Res Group: Company Snapshot
Table 175. Res Group: Operating Segments
Table 176. Res Group: Product Portfolio
Table 177. Res Group: Net Sales
Table 178. Res Group: Key Stratergies
Table 179. Schneider Electric: Key Executives
Table 180. Schneider Electric: Company Snapshot
Table 181. Schneider Electric: Operating Segments
Table 182. Schneider Electric: Product Portfolio
Table 183. Schneider Electric: Net Sales
Table 184. Schneider Electric: Key Stratergies
Table 185. Shell plc.: Key Executives
Table 186. Shell plc.: Company Snapshot
Table 187. Shell plc.: Operating Segments
Table 188. Shell plc.: Product Portfolio
Table 189. Shell plc.: Net Sales
Table 190. Shell plc.: Key Stratergies
Table 191. Rwe Ag: Key Executives
Table 192. Rwe Ag: Company Snapshot
Table 193. Rwe Ag: Operating Segments
Table 194. Rwe Ag: Product Portfolio
Table 195. Rwe Ag: Net Sales
Table 196. Rwe Ag: Key Stratergies
Table 197. Engie: Key Executives
Table 198. Engie: Company Snapshot
Table 199. Engie: Operating Segments
Table 200. Engie: Product Portfolio
Table 201. Engie: Net Sales
Table 202. Engie: Key Stratergies
List of Figures
Figure 1. Segmentation of Power Purchase Agreement Market, 2021-2031
Figure 2. Power Purchase Agreement Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Power Purchase Agreement Market: Drivers, Restraints and Opportunities
Figure 10. Value Chain Analysis
Figure 11. Key Regulation Analysis
Figure 12. Power Purchase Agreement Market, by Type, 2021 (%)
Figure 13. Comparative Share Analysis of Physical Ppa Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 14. Comparative Share Analysis of Portfolio Ppa Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Block Delivery Ppa Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 16. Comparative Share Analysis of Others Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 17. Power Purchase Agreement Market, by Application, 2021 (%)
Figure 18. Comparative Share Analysis of Wind Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 19. Comparative Share Analysis of Solar Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 20. Comparative Share Analysis of Hydro Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 21. Comparative Share Analysis of Geothermal Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 22. Comparative Share Analysis of Others Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 23. Power Purchase Agreement Market, by End Use, 2021 (%)
Figure 24. Comparative Share Analysis of Corporate Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 25. Comparative Share Analysis of Merchant Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 26. Comparative Share Analysis of Residential Power Purchase Agreement Market, 2021 and 2031 (%)
Figure 27. Power Purchase Agreement Market by Region, 2021
Figure 28. U.S. Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 29. Canada Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 30. Mexico Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 31. Spain Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 32. Sweden Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 33. Norway Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 34. UK Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 35. Germany Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 36. Rest of Asia-Pacific Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 37. China Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 38. India Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 39. South Korea Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 40. Japan Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 41. Rest of Asia-Pacific Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 42. Saudi Arabia Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 43. Brazil Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 44. Uae Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 45. Rest of LAMEA Power Purchase Agreement Market, 2021-2031 ($Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap of Top 10 Key Players
Figure 52. Top Player Positioning, 2021
Figure 53. General Electric.: Net Sales ($Million)
Figure 54. Siemens Ag.: Net Sales ($Million)
Figure 55. Statkraft.: Net Sales ($Million)
Figure 56. Ameresco Inc..: Net Sales ($Million)
Figure 57. Enel S.P.A..: Net Sales ($Million)
Figure 58. Ecohz.: Net Sales ($Million)
Figure 59. Res Group.: Net Sales ($Million)
Figure 60. Schneider Electric.: Net Sales ($Million)
Figure 61. Shell plc..: Net Sales ($Million)
Figure 62. Rwe Ag.: Net Sales ($Million)
Figure 63. Engie.: Net Sales ($Million)

Executive Summary

According to the report titled, “Power Purchase Agreement Market," The power purchase agreement market was valued at $11.6 billion in 2021, and is estimated to reach $18.4 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

PPA is the foundation document for most power projects and fundamental instrument to facilitate the sale and purchase of electrical power. Power purchase agreement is another step towards the sustainability arrangement under which a company enters a long-term contract with an independent power producer or a utility and commits to purchasing a specific amount of renewable electricity or the output from a specific asset (sleeved or virtual), at an agreed price. Development in the global energy sector has raised the demand for power purchase agreements.

Large corporations are entering into PPAs to purchase electricity from renewable energy projects. The projects are setup at premises called as on-site projects or near to premises called as off-site project. According to market forecasts for power purchase agreements, corporations are signing PPAs to promote energy efficiency and conservation, which aids the company in implementing sustainability initiatives. The market for power purchase agreements is expanding as green energy consumption is rising quickly across all regions. With implementation of the proposed programs to build a energy efficient corporate building will help to boost the power purchase agreement market trend in near future.

Power purchase agreement is also called as “Green Power Purchase Agreements” (Green PPAs). The power purchase agreements operate over the medium or long term (5 to 20 years). In the agreement, the developer sells the power generated to the host customer at a fixed rate which is typically lower than the local utility’s retail rate. Several benefits are associated with PPA such as a fixed long-term rate and guarantees of origin of renewable assets. All regions are engaged in the development of the power sabing solutions which can help to lower the global footprints and cost saving on power consumptions. The adoption of green energy is increasing in Asia, and Australia which is creating power purchase agreement market opportunity.

According to a study of the global power purchase agreement industry, climate change and global warming are expected to hasten the adoption of PPA in the corporate sector in coming year. In developing countries, growing awareness of sustainable energy is driving up demand for power purchase agreements during the projection period. In emerging countries, the rate of clean energy consumption is increasing, which has a positive impact on the market share growth for power purchase agreements. Factors contributing to the growth of power purchase agreement market are increasing demand for electricity or other forms of power, increase in environmental pollution concerns and depletion of fossil fuel supplies.

Power purchase agreements have a chance to grow in the solar market. Solar energy PPA offers a number of advantages which are persuading companies to switch to clean energy. Establishing solar electricity under a PPA offers a number of advantages, including lower material and installation costs, possibility for savings, better technology and less environmental stress. Small businesses in underdeveloped countries can enter into power purchase agreements in order to use renewable energy at affordable rate. The market for power purchase agreements is expanding due to the growing financial advantages of solar PPAs.

The power purchase agreement market is segmented into type, end use, and region. On the basis of type, the market is classified into physical PPA, portfolio PPA, block delivery PPA and other. On the basis of application, the market is segmented into solar, wind, geothermal, hydro and other. On the basis of end use, the market is segmented into merchant, corporate and residential. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The power purchase agreement market analysis covers in-depth information of the major industry participants. Some of the major players in the power purchase agreement market include Schneider Electric, RWE, ENGIE, Statkraft AG Group, Enel Spa, Siemens, Ameresco. Other players in the Power purchase agreement market are General Electric, Shell, Renewable Energy Systems Ltd., Ecohz and others.

Key findings of the study:

The report outlines the current power purchase agreement market trends and future scenario of the market from 2021 to 2031 to understand the prevailing opportunities and potential investment pockets.

The Power purchase agreement market size is provided in terms of revenue.
  • On the basis of type, physical PPA segment holds the market share of 59.5% in 2021 in terms of revenue.
  • On the basis of application, wind segment holds the market share of 39.9% in 2021 in terms of revenue.
  • On the basis of end-use, the corporate segment gained 57.0% share in 2021 in terms of revenue.
  • On the basis of region, the North America region hold the market share of 31.8% in 2021 in terms of revenue.

Companies Mentioned

  • General Electric
  • Siemens AG
  • statkraft
  • Ameresco Inc.
  • Enel S.p.A.
  • ecohz
  • RES Group
  • Schneider Electric
  • Shell Plc.
  • RWE AG
  • Engie

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages447
PublishedDecember 2022
Forecast Period2021 - 2031
Estimated Market Value ( USD ) in 2021 $ 11.6 billion
Forecasted Market Value ( USD ) by 2031 $ 18.4 billion
Compound Annual Growth Rate4.7%
Regions CoveredGlobal
No. of Companies Mentioned11

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