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Renewable Technologies

Renewables comprising solar, wind energy, hydro, and biofuels among others is the key to transition toward a low carbon economy contributing to sustainability. Largely driven by strong policy support, along with sharp cost reductions primarily in the solar and wind sector will contribute to large scale capacity additions in the renewables. Shifting focus on climate goals, introduction of ambitious net zero targets across economies coupled with growing challenges related to recent rises in energy prices and energy security will continue to drive the industry trends. Growing diversification of the solar PV manufacturing, rising renewable capacity for hydrogen production and ongoing implementation of the existing policies along with introduction of regulatory reforms will pave the way for faster renewable energy expansion.

The COVID -19 crisis along with the Russia Ukraine war led to fossil fuel supply disruptions, thereby underlining the energy security benefits of renewables. Consequently, the higher fossil fuel prices have further improved upon the competitiveness of wind energy and solar PV.

Drivers:

  • Shifting trends toward decarbonization and emission reduction
  • Large scale investments by both public and private sector to support the regulatory framework.
  • Technological advancements/innovations by emerging firms to promote sustainability
  • Probable diversification of the existing traditional power plants to diversify and expand to include renewable energy technology.

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Published: August 2024   

Solar Cells Market100 Pages

Solar Cells Market was valued USD 32.5 billion in 2023 and is anticipated to grow at a CAGR of 2.9% between 2024 and 2032. ...

Published: August 2024   

Wind Energy Market150 Pages

Wind Energy Market was valued at more than USD 146.4 billion in 2023 and is expected to grow more than 13.8% CAGR from 2024 to 2032....

Published: August 2024   

Floating Offshore Wind Energy Market250 Pages

Floating Offshore Wind Energy Market was valued USD 201.5 million in 2023 and is anticipated to grow at a CAGR of 46.7% between 2024 and 2032....

Published: July 2024   

Solar Microinverter and Power Optimizer Market80 Pages

Solar Microinverter and Power Optimizer Market size was assessed at USD 4.36 billion in 2023 and is projected to grow at a CAGR of 13.3% between 2024 and 2032. ...

Published: July 2024   

Solar Tracker Market130 Pages

Solar Tracker Market was valued at USD 50.5 billion in 2023 and is anticipated to grow at a CAGR of 8.5% from2024 to 2032....

Published: July 2024   

Solar PV Module Market120 Pages

Solar PV Module Market was valued at USD 280.5 billion in 2023 and is anticipated to grow at a CAGR of over 8.2% between 2024 and 2032....

Published: June 2024   

Residential Solar PV Inverter Market75 Pages

Residential Solar PV Inverter Market was valued USD 6.4 billion in 2023 and is anticipated to grow at a CAGR of 30.3% from 2024 to 2032. ...

Published: July 2023   

Europe Offshore Wind Energy Market300 Pages

Europe Offshore Wind Energy Market size was valued at more than USD 33.88 billion in 2023 and is expected to register at 19.9% CAGR from 2024 to 2032....

Published: June 2023   

On-Grid Solar PV Market250 Pages

On-Grid Solar PV Market size valued at USD 157.5 billion in 2022 and is projected to grow at over 5.2% CAGR from 2023 to 2032. ...

Published: June 2023   

Solar PV Backsheet Market450 Pages

Solar PV Backsheet Market size surpassed USD 12.4 billion in 2022 and is anticipated to register 2.2% CAGR from 2023 to 2032. ...

Published: June 2023   

Dual Axis Solar Tracker Market200 Pages

Dual Axis Solar Tracker Market size surpassed USD 7.88 billion in 2023 and is projected to grow at 6.5% CAGR from 2024 to 2032....

Published: May 2023   

Solar PV Mounting Systems Market300 Pages

Solar PV Mounting Systems Market size surpassed USD 21.24 billion in 2023 and is anticipated to expand at 3.6% CAGR from 2024 to 2032....

Published: May 2023   

Residential Solar PV Market200 Pages

Residential Solar PV Market size was valued at USD 41.41 billion in 2023 and is projected to grow at 5.4% CAGR from 2024 to 2032. ...

Published: April 2023   

Concentrated Solar Power Market310 Pages

Concentrated Solar Power (CSP) Market size surpassed USD 31.5 million in 2022 and is poised to grow at 13.5% CAGR from 2023 to 2032 driven by strict government regulations and policies pertaining to climate change....

Published: March 2023   

Solar EPC Market800 Pages

Solar EPC Market size exceeded USD 256.18 billion in 2023 and is projected to expand at over 4.5% CAGR from 2024 to 2032....

Published: July 2021   

Utility Solar PV EPC Market250 Pages

Utility Solar PV EPC Market Size was valued at over USD 45 billion in 2020 and is anticipated to grow at a CAGR of over 10% between 2021 and 2030. ...

Published: April 2020   

Solar Panel Cleaning Market388 Pages

Solar Panel Cleaning Market size exceeded USD 560 million in 2019 and is estimated to achieve over 11% CAGR through 2026....

Published: May 2018   

Solar Street Lighting Market250 Pages

Solar Street Lighting Market size was valued over USD 3 billion in 2017 with annual installations to exceed 9 million units by 2024....

Published: May 2017   

Solar PV Glass Market310 Pages

Solar PV Glass Market size surpassed USD 2 billion in 2016 and is poised to grow at a CAGR of over 6.9% between 2016 and 2024. ...

Published: February 2017   

Floating Solar Panels Market145 Pages

Global Floating Solar Panels Market size was over 60 MW in 2015 and is predicted to witness growth over 45% by 2024....

Published: February 2017   

Solar Panel Recycling Management Market185 Pages

Solar Panel Recycling Management Market size estimated at USD 20 million in 2015 and is set to witness growth at over 35% from 2016 to 2024....

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