The Green Power Global Market Report 2023, provides comprehensive information on the green power market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global green power market size is expected to grow from $66.81 billion in 2022 to $76.37 billion in 2023 at a compound annual growth rate (CAGR) of 14.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global green power market size is expected to grow to $131.21 billion in 2027 at a CAGR of 14.5%.
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Product innovation has emerged as a key trend gaining popularity in the green power market. Major companies operating in the green power market are focused on innovating new technologies to sustain their position in the market. For instance, in May 2022, GE (General Electric Company), a US-based conglomerate company launched Lifespan, a new digital product portfolio (wind asset management platform) that enables customers to optimize the performance and operations of renewable assets across their fleet. The Lifespan product suite is completely integrated, technology agnostic, and was built in collaboration with operators to achieve enhanced operations.
The green power market is segmented:
1) By Type: Solar Energy, Wind Energy, Hydroelectric Power, Biofuels, Other Types
2) By Offering: Solutions, Services
3) By End-User: Residential, Commercial, Industrial
Europe was the largest region in the green power market in 2022.
The table of contents in TBRC’s green power market report includes:
1. Executive Summary
2. Green Power Market Characteristics
3. Green Power Market Trends And Strategies
4. Green Power Market – Macro Economic Scenario
5. Green Power Market Size And Growth
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26. Africa Green Power Market
27. Green Power Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Green Power Market
29. Green Power Market Future Outlook and Potential Analysis
30. Appendix
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