Students Name Reg No.

Umair Waqas BEE-F18-029

Farhan Tahir BEE-F18-008
Noman Tariq BEE-F18-024

Green Energy Generation

Using Hydro Waves

Competitive Analysis:
• Renewable Energy Market Outlook – 2030
The global renewable energy market was valued at
$881.7billion in 2020, and is projected to reach
$1,977.6 billion by 2030, growing at a CAGR of
8.4% from 2021 to 2030. Renewable energy, even
referred as clean energy, is usually derived from
natural sources that are constantly replenished.
Renewable energy is derived from natural sources
such as wind and sunlight. Solar, geothermal,
wind, bioenergy, hydropower, and ocean power
are some of the major sources of renewable
energy. Currently, renewable energy is utilized in
heating, electricity, cooling, and transport sectors.
Renewable energy collectively provides around
7% of the world’s energy demand. Renewable
energy is relatively more expensive than fossil
fuel.
• Renewable Energy Market, by Region
Asia-Pacific renewable energy market size is
projected to grow at a CAGR of 9.6% during the
forecast period and accounted for 35.2% of
renewable energy market share in 2020. The
region accounts for more than half of the global
energy consumption, owing to rise in
industrialization as well increase in population.
The renewable energy market has grown
considerably in countries such as China and India.
China became the world’s largest producer of
bioelectricity in 2017 and now it is one the key
players in hydropower, onshore, wind power and
solar photovoltaic.
• Renewable Energy Market, by Type
In 2020, the hydroelectric power segment was the
largest revenue generator, and it is anticipated to
grow at a CAGR of 6.5% during the forecast
period.
 • Renewable Energy Market, by End Use
By end use, the residential segment acquired the
top position of the global market in 2020, and it is
anticipated to grow at a CAGR of 8.4% during the
forecast period.

Key Benefits for Stakeholders

• Porter’s five forces analysis helps analyze the
potential of buyers & suppliers and the
 competitive scenario of the industry for
strategy building.
• It outlines the current renewable energy
market trends and future estimations from
2020 to 2030 to understand the prevailing
opportunities and potential investment
pockets.
• The major countries in the region have been
mapped according to their individual revenue
contribution to the regional market.
• The key drivers, restraints, and opportunities
and their detailed impact analysis are
explained in the study.
• The profiles of key players and their key
strategic developments are enlisted in the
report.
Key Market Players
• ABB
• ACCIONA
• EDF
• Enel Spa
• General Electric
• Geronimo Energy
• Invenergy
• Innergex
• THE TATA POWER COMPANY LIMITED
(Tata Power)
• Xcel Energy Inc.