Human beings have naturally benefited from the energies provided by nature since ancient times. For nearly a century, fossil fuels have been used to supply energy for industry and other uses. These sources of energy supply will soon be depleted and, in addition to their limited usage, they have irreversible effects on the nature of the Earth and its atmosphere. Therefore, considering the research and development of technology for access to unlimited and clean energy sources, it seems that we are on the verge of a rapid transition from the era of limited energy and fossil fuels to the era of unlimited and clean energy.
If you are interested in having more information on the market maps published in other fields, you can read ” What is market research? “ In this article, we have compiled all the market maps published in Retiba.
Table of Contents
Market / Industry segment of renewable energy
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2020 | 0.626 | 7 | 109.10% | MarketWatch |
| 2017 | 928 | 8 | 6.10% | PR news wire |
| 2017 | 928 | 8 | 6.10% | Allied market research |
| 2017 | 928 | 7 | 6.10% | Menafn |
| 2017 | 928 | 8 | 6.10% | Globe news wire |
Influencing factors that changes market size of renewable energy
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of renewable energy
Direct drivers:
- The issue of global warming
- Government policies
Reverse drivers:
- The price of fossil fuels
- The cost of using renewable energy
This market may also be threatened by following risks:
In all different markets and industries, the risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment identifying risks in the market to perform risk management. The market of renewable energy may also be threatened by the following risks:
- Technology risk
- Legislation risk
- Manufacturing risk
- Stage of business
- Exit value risk
