Green Energy Market will Procure $900 billion by 2020

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Green Energy Market will Procure $900 billion by 2020
Green Energy Market
Green Energy Market

According to the report, the global green energy market is expected to reach USD 900 billion in 2020, growing at a CAGR of around 8.5%  till 2020.

The report covers forecast and analysis for the green energy market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on revenue (USD Billion). The study includes drivers and restraints for the green energy market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the green energy market on a global level.

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In order to give the users of this report a comprehensive view on the green energy market, we have included a detailed competitive scenario, buying criteria and energy type portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the green energy market has also been included. The study encompasses a market attractiveness analysis, wherein energy type and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the green energy market by segmenting the market based on energy types and end-user. All the end-user segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020.

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Key end-users markets covered under this study include the use of this green energy in residential, commercial and industrial end-user areas. The regional segmentation includes the current and forecast demand for individual energy type segment into each region including North America, Europe, Latin America, Asia Pacific and Middle East & Africa.

On the basis of the end-users segment, the green energy market is classified as residential, commercial and industrial end users. Commercial and industrial end-user segment together accounted for largest share of total revenue generated in 2014. The commercial segment was the largest end-user segment in 2014. North America dominated the global green energy market with over 30% share in total revenue generated in 2014. However, with increased government support and investment in the field of research development, Asia Pacific is expected to witness robust growth during 2015 to 2020. Europe, Latin America, and Middle East & Africa are also expected to experience significant growth of green energy market in the years to come.

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The global green energy market is highly competitive, with the presence of well-established global market participants. ABB Ltd., Alterra Power Corporation, Kyocera Solar Inc., Nordex SE, Hanwha Q Cells GmbH, Calpine Corporation, Suzlon Energy Ltd., U.S. Geothermal Inc., Yingli Green Energy Holding Co. Ltd., Enercon GmbH, GE Energy, First Solar Inc., JA Solar Holdings Co. Ltd., Suntech Power Holdings Co. Ltd., Enphase Energy Inc., and Archer Daniels Midland Company are some of the key participants in the green energy market.