According to a new report published by Allied Market Research, titled, “Green Power Market by Power Source and End-Use Sector: Opportunity Analysis and Industry Forecast, 2020–2027,”  

The green power market was valued at $41.1 billion in 2019 and is anticipated to generate $103.5 billion by 2027. The market is projected to experience growth at a CAGR of 12.3% from 2020 to 2027. 

Request The Sample PDF Of This Report:  https://www.alliedmarketresearch.com/request-sample/7940 

Presence of countries, such as China and India, are the major factor that boosts the Asia-Pacific green power market, owing to rise in investment in green power projects. There is significant increase in energy demand due to rapid industrialization and rise in population in countries such as China and India. The buildings and industrial sectors are expected to consume more energy during the forecast period in Asia-Pacific. Furthermore, India has significant growth potential; however, due to its inconsistent policy and business environment the in past, the green power share in the total energy production was less. The shift in trend toward the use of localized energy procurements has been witnessed in recent years. Various government bodies in countries, such as India, have taken the advantage of community choice aggregation (CCA) policies, which permit governments to procure green power resources on behalf of their constituents while retaining their existing electricity providers for transmission and distribution services. However, high cost involved to set up the base for green power restrains the market growth. 

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/7940 

The global green power industry is structured around three key elements: power source, end-use sector, and geographical region. In terms of power source, it is segmented into wind, solar, low-impact hydro, biomass, and other renewable sources. In 2019, the wind power segment held sway in the market, but the solar segment is projected to experience a higher Compound Annual Growth Rate (CAGR) during the forecast period. 

When considering the end-use sector, the market is categorized into transport, industrial, non-combustible, buildings, and other applications. The buildings sector took the lead in 2019, but the transport sector is anticipated to see faster growth in the coming years. 

Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe asserted its dominance in the market in 2019, yet Asia-Pacific is poised for a higher CAGR due to increased investments from both government and private entities in the green power sector. 

Prominent players in the green power market include Adani Green Energy Limited, GE Renewable Energy, Green Energy Corp., Iberdrola SA, JinkoSolar Holding Co. Ltd., NextEra Energy, Inc., Orsted A/S, Siemens Gamesa Renewable Energy, Suzlon Energy Limited, and Tata Power. To stay competitive, these industry leaders have adopted various strategies, such as product launches and business expansion initiatives. 

COVID-19 impact 

The green power market has low impact of COVID-19 as the sector is less dependent on macro factors such as supply chain or lockdowns. Moreover, the power generation and transmission infrastructure are self-sufficient to continue their working during the pandemic. 

Get a Customized Research Report @ 

https://www.alliedmarketresearch.com/request-for-customization/7940 

Key findings of the study 

• The green power market size is provided in terms of revenue. 

• By region, Asia-Pacific is projected to grow at the highest CAGR of approximately 12.8%, in terms of revenue, during the forecast period. 
• By power source, the solar segment is anticipated to grow with CAGR 12.7%, in terms of revenue, during the forecast period. 
• By end-use sector, the buildings and industrial dominated the market with a revenue share of over 40.0% and 22.0% in 2019.The report provides a comprehensive analysis of the factors that drive and restrain the green power market growth. 
• The qualitative data in this report aims at the market trends, dynamics, and developments in the green power market. 
• The green power market forecast and estimations are based on factors impacting the market growth. 

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact us: 

David Correa 
5933 NE Win Sivers Drive 
#205, Portland, OR 97220 
United States 
USA/Canada (Toll-Free): 
+1-800-792-5285, +1-503-894-6022 
UK: +44-845-528-1300 
Hong Kong: +852-301-84916 
India (Pune): +91-20-66346060 
Fax: +1(855)550-5975 
[email protected] 
Web: www.alliedmarketresearch.com 
Allied Market Research Blog: https://blog.alliedmarketresearch.com