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Global Renewable Energy Market Expected to Reach $2,152,903 Million by 2025 - Allied Market ResearchPORTLAND, Oregon and PUNE, India, January 18, 2018 /PRNewswire/ -- According to a new report published by Allied Market Research, titled, "Renewable Energy Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2014-2025," the global renewable energy market was valued at $1,469,078 million in 2017, and is projected to reach $2,152,903 million by 2025, growing at a CAGR of 4.9% from 2017 to 2025. The renewable energy produced by hydro & ocean power accounted for more than two-thirds share of the global market in 2016. (Logo: http://photos.prnewswire.com/prnh/20140911/647229 ) Do Enquiry for Sample Report@ https://www.alliedmarketresearch.com/request-sample/140 Worldwide, the concept of using renewable energy as an alternative to conventional fossil fuel, such as gasoline and diesel, is growing rapidly. Renewable source of energy, such as solar, hydropower, biomass, wind, and geothermal, can provide sustainable energy services. Improvement in technology and the feasibility in using renewable sources to produce energy have been the key in successfully using renewable energy in resent time. At present, the market is driven by increase in demand for energy across the world and decline in non-renewable source of energy such as petroleum, coal, and natural gas. In addition, it is fueled by the increase in awareness about environmental safety and security. Though, the high initial cost of investment fo the infrastructural setup is a major restraint in renewable energy market. However, the continuous development of technology has led to the use of new technologies to extract energy from renewable source and increased government funding has paved the way for new opportunities for market growth. Do Enquiry before purchasing Report@ https://www.alliedmarketresearch.com/purchase-enquiry/140 By type, the market is segmented as hydro & ocean power, wind energy, solar energy, bioenergy, and geothermal energy. By end user, it is classified into residential, commercial, and industrial and others. KEY FINDINGS OF THE STUDY
Asia-Pacific and Europe collectively accounted for more than two-third of the global market share by revenue in 2016. The major companies profiled in this report are GE Energy, CPFL Energia S.A., Terra Gen, Tata Power Solar, IHI Corporation, Alstom Hydro, China Hydroelectric Corporation, ABB Ltd., Mitsubishi Heavy Industry, and Enel Green Power. Ask for discount before buying@ https://www.alliedmarketresearch.com/get-discount/140 About Us: Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "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 domain. 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 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 domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: Web: https://www.alliedmarketresearch.com SOURCE Allied Market Research |