Market Analysis

The estimated size of the global renewable energy market in 2021 was 952.16 billion, and it is anticipated to reach over US 1,998.03 billion by 2030, with a CAGR of 8.6% from 2022 to 2030.

Growth Consultants

There are numerous renewable energy sources, including geothermal, solar, wind, hydropower, and bioenergy. According to estimates, renewable energy sources currently meet about 7% of the world's energy needs. In the upcoming years, a significant increase in this share is anticipated. The primary drivers expected to boost the growth of the global renewable power market include growing consumer adoption of green energy, rising government initiatives to facilitate the adoption of green and clean energy, increasing public and private efforts to reduce carbon emissions, and rising environmental awareness regarding the negative environmental effects of fossil fuels. During the forecast period, it is anticipated that increasing urbanization and industrialization in developing nations will increase demand for solar and geothermal energy, among other renewable energy sources.

The cost of renewable energy is falling as a result of rising technological advancements, and the market for renewable energy is expanding as a result of rechargeable battery storage systems becoming more competitive. Huge investments are being drawn toward the adaptation of renewable energy sources as a result of the growing global concerns about climate change and ESG. In order to encourage sustainability and environmental preservation, governments in both developed and developing nations are providing subsidies to the corporate sector. These factors have a big impact on the growth of the renewable energy market worldwide.

Sorting Insights

In terms of type, hydropower dominated the global market for renewable energy in 2021. The demand for small-scale hydropower plants has increased over the past few years as a result of increased investment in the production of off-grid energy and the supply of electricity to rural areas in developing nations like China, India, Brazil, Colombia, and Vietnam. The development of the hydroelectric power segment in the global market for renewable energy is also being fueled by the growing government initiatives to encourage the generation and use of hydropower.

During the forecast period, it is predicted that the solar industry will experience the fastest growth. Globally, solar energy is gaining a foothold quickly. The deployment of solar panels to produce electricity from solar heat energy for use in different sectors, commercial areas, and residential units around the world is attracting growing investments. In the coming years, it is anticipated that the government's proposed plans to develop smart cities in nations like China, India, and Saudi Arabia will increase demand for solar energy. The global market for renewable energy is predicted to experience a surge in the adoption of solar energy in the government sector.

End User Perspectives

Depending on the final user, the residential sector will rule the global market for renewable energy in 2021. Globally, there has been a huge market for geothermal energy for residential heating applications. The requirement for geothermal energy in the residential sector is anticipated to rise significantly in the near future as a result of growing electricity demand and increasing urbanization. The adoption of renewable energy sources is anticipated to be fueled by consumers' increased consumer awareness in both developed and developing economies during the forecast timeframe, which will lead to the residential segment's dominance during that time.

During the forecast, the marketing segment is expected to have the highest CAGR. Government initiatives to encourage the use of renewable sources of energy in commercial spaces are expected to increase. These initiatives will likely take the form of subsidies and regulatory changes. The cost of deploying renewable energy is falling as a result of technological developments in the field, which is increasing the requirement for renewable energy in the commercial sector.

Regional Perspectives

In 2021, Asia Pacific held a market share of over 35%, making it the largest market for renewable energy. It is estimated that the Asia Pacific region consumes more than half of all renewable energy produced worldwide. The area had experienced a rapid rise in pollution levels as a result of its rapid industrialization and urbanization. Additionally, the region's rising residential construction and population growth are driving up the demand for electricity.

In developing nations like India and China, the market for renewable energy is expanding quickly as a result of the strong economic growth brought on by rising industrialization. The acceptance of renewable energy all over a range of end-use applications is greatly facilitated by government initiatives. In addition, the rising investments in industrialization are driving up the demand for electricity, which is driving up the cost of installing solar energy infrastructure. The largest producer of bioelectricity in 2017 is now China, which is also a major producer of wind power, hydropower, and solar photovoltaic energy.

During the forecast period, North America is expected to have the fastest rate of growth. The main drivers of the growth of the North American renewable energy market are the rising awareness of the eroding environmental conditions, rising government initiatives to reduce carbon footprint, and increasing investments in renewable energy sources.

Key Businesses and Market Share Information

Walmart announced in April 2021 that Sol Customer Solutions-designed solar power systems totaling 6.5 MW had been installed in seven of its stores in California. Additionally, the portfolio included a variety of 10 million solar power systems installed on carports and parking lot rooftops, with Bank of America (BOA) serving as the tax-equity partner.

In April 2020, XANT teamed up to expand the product line in Belgium to include wind turbines. It is expected to gather client requests and needs and pass them along to XANT, who will handle the installation and upkeep of the client's offered wind turbines.

Due to the existence of several major market players, the market for renewable energy is only moderately fragmented. To strengthen their positions and expand their market shares, these market players are consistently engaged in a variety of developmental strategies, including collaborations, mergers, acquisitions, collaborations, new product launches, and various others.

Leading participants in the Global Market for Renewable Energy 

It is more important than ever to make a quick switch to renewable energy. Societies, financial systems, and ecosystems all over the world are already suffering as a result of climate change, which is being caused by the combustion of coal, oil, as well as fuel. Relocating to a power system that relies on renewable power and storage is the simplest, fastest, and most efficient way to reduce greenhouse gas release and give oneself the greatest shot of stomping climate change's butt.

Here are some motivating nations that are reducing their emissions through creative integrations of renewable resources and effective, focused policies.

Sweden

Sweden achieved its goal of using 50% renewable energy in 2012, eight years earlier than expected. This puts them on track to meet their 2040 objective of producing all of their electricity from renewable sources. Why did they succeed? utilizing a mix of hydropower and bioenergy while utilizing their natural resources.

Scotland

Great Scotland Over 97% of Scotland's electricity needs in 2020 will be met by renewable energy. Only 37% of the country's demand was met by renewable energy in 2011. The greatest feature is that they don't appear to be slowing down. The Scots' next goal is to achieve net emissions by 2045 while also looking into ways to address the heating and transportation sectors. They are in a prime position to accomplish both of these goals thanks to their promising beginning in the energy industry.

Iceland

A variety of renewable resources are uniquely accessible in the land of fire and ice. Nearly all of Iceland's electricity requirements are met by a combination of geothermal and hydropower. In actuality, 90% of homes are heated by geothermal energy. Even the UN has speculated that their transition may serve as a template for other nations looking to make the change. We're taking notes.

Costa Rica

For more than seven years running, Costa Rica has produced an astounding 98% of its electric power from renewable sources. They probably will repeat this in 2022. To complete its tasks, Costa Rica combines geothermal, wind, solar energy, hydro, and biomass. They've even had success exporting the extra power they've produced in some years.

Germany 

In its first 100 days in office, Germany's new government instituted what it calls the "largest energy strategy reform in decades." What makes it so unique? With goals of 80% sustainable energy by 2030 and nearly 100% by 2035, renewables are at the center. During the 1st half of 2022, renewable energy sources supplied 49% of their energy needs, and it appears that this percentage will only rise.

Uruguay

Uruguay will generate 98% of its energy from renewable resources in 2021 as a result of a 20-year effort. With the addition of wind, solar, and biofuels, hydropower accounts for the majority of this energy. Uruguay produces so much clean energy that it can export it to it neighbors in South America, Argentina and Brazil. And they're still looking for new applications for it.

China

Do you ever wonder how the country with the highest carbon emissions can also be a pioneer in renewable energy? Contrary to popular belief, China is the world's top producer of solar and wind energy. They're also one of the largest shareholders in renewable energy globally, aiming to produce a 1/3 of their electricity from renewable resources by 2025. Just reduce those emissions now, please.

Denmark

Over half of Denmark's electricity comes from solar and wind energy, and in 2017 43% of its energy usage was How can we use the wind's energy? Denmark is the only place to look. They have the largest wind farm in Scandinavia, Kreigers Flak, and generate the most wind energy per person of any OECD nation. It is anticipated to boost wind production by 16% when it is inaugurated in 2021. Unexpectedly, wind power isn't even the most popular renewable energy source. Two thirds of Denmark's renewable energy is provided by bioenergy, which takes advantage of their robust agricultural sector.

Morocco

Morocco is now a global chief in solar power generation thanks to the power of its abundant solar resources. In the Sahara Desert, the Noor complex now houses the largest concentrated solar farm in the world. A town twice the area of Marrakech could be powered by the farm, which is the spacing of 3,500 football fields.

Norway

In Norway, renewable energy sources produced 98% of the country's electricity as of 2016, with hydropower taking the lead. Since they have been using rivers and waterfalls to generate electricity since the late 1800s, it is simple to understand how this renewable environment has played a significant role in Norway's power profile. They've added slowly wind energy and thermal to the mix as well.

New Zealand

The people who live next door to us are making great strides in the field of renewable energy. At the moment, 84% of New Zealand's electricity is generated by renewable sources. Their strong, subsidy-free renewable energy industry also benefits the country's economy. By 2035, New Zealand wants to use only renewable energy for its electricity, and by 2050, it wants to have a "carbon-neutral economy.

The advantages accrue quickly when leaders set high standards for renewable resources and fund them with investments. In addition to reducing emissions, transitioning to renewable energy promotes economic stability, job growth, and the development of a resilient and secure energy system.

Australia ought to be at the forefront of renewable energy because we have an abundance of sun, wind, and land. Utilizing our ample resources would establish Australia as a leader in renewable sources and demonstrate to the world our commitment to tackling climate change.

About conference & Past Conference Report

Green Energy 2022 will bring experts from several sectors to contribute to current achievements in Green Engineering and Technology. Professors, Energy Efficiency specialists, Scientists, Researchers, Climatologists, Geologists, Environmental Scientists, Consultants, and Business Delegates will gather to present their unique inventions in the field of Green Engineering and Technology. Participants from many fields will contribute to the current advances in Green Engineering and Technology at Green Energy 2022.

This Conference presents multidisciplinary international conferences across the world on cutting-edge fundamental and practical research in life sciences, pharmaceuticals, medicine, healthcare, and nursing, which are presented by the brightest minds in business and academia. Our conferences are designed to help the scientific community as a whole by providing access to the most recent technical and scientific advances and defining future research directions through the publishing of high-quality practical and theoretical research findings. 

 Green Energy 2022  acquires to gather worldwide pioneers in Environmental Science and  Green Energy and pertinent fields to confer their research at this conference. Green Energy 2022 conference presentations from editors of noticeable referred journals, prestigious and dynamic investigators, and decision-makers in the field of Green Engineering and Technology. This conference creates a stage for Researchers, Scholars, Policymakers, and leaders in Green Energy 2022 to showcase their most recent research in various aspects related to Green Engineering and Technology. Discussion of recent innovative and possible concepts in the field of Green Energy 2023 will make this even more interesting. Our conference offers an exchange of ideas from all over the world.

Why should you attend?

The main theme of the conference is to Share & acquire knowledge on the utilization of natural resources which covers a wide range of critically important sessions. The conference aims to advance knowledge in the fields of green energy, renewable energy, environmental science, and green technologies, with a particular focus on educating and informing environmental researchers and industry professionals on the latest technologies that can be used to combat the economic undervaluation that ecologists may face in their work.

Who can attend?

Professors, Energy Efficiency specialists, Scientists, Researchers, Climatologists, Geologists, Environmental Scientists, Consultants, Business Delegates, Students, Technologists, Journalists, business associates, etc,

Past Conference Report

The Green Energy Conference 2020 was an International gathering bringing in talented personalities from all over the world. AAC hosted the 3rd International Conference on Green Energy & Technology during April 01-02, 2020, webinar. 

The conference had the theme “Nourishment Of Green Energy For Imperishable Future” focusing on the current developments in Green Energy and Technology. The discussions encircled various related topics like Renewable Energy, Biomass and Bio Energy, Biofuel, Green Economy, Climate Change, Smart Grid, Green Engineering and so on.

We would like to express our sincere gratitude towards the Moderators, Speakers, Keynote Speakers, Organizing Committee Members, Attendees, and Guests for their motivational speeches and for making Green Energy 2020 a productive and remarkable event.

We received active participation and generous response from organizing committee members, scientists, young and brilliant researchers, business delegates and talented communities who made this Conference as one of the most successful and dynamic events in 2020 from AAC.
The conference started with an opening ceremony followed by the Keynote sessions and followed by a series of lectures delivered by the renowned members of the forum. The conference proceedings were carried out through various Scientific-sessions and plenary lectures, of which the following Speakers were highlighted:

•Per Ribbing, Uppsala University, Sweden

•Patrick Agese, University of Reading, UK

•Isabelle Stadelmann-Steffen, University of Bern Institute for Political Science, Switzerland

•Ashraf Abdelrahim, University of Naples Parthenope, Italy

AAC has taken the privilege of felicitating the Organizing Committee, Keynote Speakers who supported the success of this event. Green Energy 2020 Organizing Committee congratulates the awardees for their outstanding performance in the field Green Energy & Technology and appreciates all the participants who put their efforts in presentations and sincerely wishes them success in future endeavors.  

Meet again @ Green Energy 2022

Scientific Sessions/Tracks

Session On: Green Nanotechnology

Green nanotechnology led to the development of green energy to reduce possible environmental and human health concerns connected with the creation and use of nanotechnology products. It refers to the use of nanotechnology to improve the environmental sustainability of operations that produce negative externalities. It also refers to the usage of nanotechnology goods to improve sustainability.

Session On: Renewable Energy Sources

Renewable energy is obtained from renewable resources that naturally regenerate themselves over time. Examples include waves, rain, sunlight, tides, wind and geothermal heat. A renewable resource, also known as a flow resource, is a natural resource that will refill to replace the amount that has been exhausted by use and consumption.

Session On: Environment Modeling

A professional engineering discipline that brings together broad scientific disciplines in the green power such as chemistry, biology, geology, microbiology, hydrology, ecology  and mathematics to create solutions that protect and improve the health of living organisms while also improving the quality of the environment. The design and application of green energy models of the environment are known as environmental modeling. Environmental modeling may be used for pure study and a better understanding of environmental systems, or it can be utilized to provide an interdisciplinary analysis that can help with decision-making and policy.

Session On: Biomass and Bioenergy

An organic resource that is green energy and comes from plants and animals. Biomass is a popular fuel in many countries, especially for cooking and heating in underdeveloped nations.

Bioenergy is one of several methods available to meet our energy requirements. It's a type of green energy obtained from recently lived organic elements called biomass and it may be utilized to make transportation fuels, heat, electricity and goods.

Session On: Energy and the Environment

The ability to work is defined as energy. It can take the form of green energy, potential energy, kinetic energy, thermal energy, electrical energy, chemical energy, nuclear energy, or other forms. Air pollution, climate change, water pollution, thermal pollution and solid waste disposal are only a few of the environmental issues directly linked to green energy. Air pollution in cities is mostly caused by the burning of fossil fuels.

Session On: Energy Conservation

The endeavor to minimize energy consumption by utilizing green energy. This can be accomplished by either using green energy more effectively (using less energy for a constant service) or lowering the amount of service provided (for example, by driving less). Energy-saving measures include turning off lights when leaving a room, disconnecting equipment when not in use and walking instead of driving. People save energy for two major reasons: to have more control over their energy expenses and to minimize the demand for the earth's natural resources.

Session On: Green Economy

A green energy economy attempts to reduce environmental dangers and ecological scarcities while also pursuing long-term development that does not harm the environment. A practice of promoting long-term green energy growth by encouraging public and private investment in infrastructure that promotes social and environmental sustainability.

Session On: Climate change

Long-term changes in temperature and weather patterns are referred to as climate change.  This is due to over exploitation of resources and usage of non-green products. Humans should consider the climate change and decide to start using green power for a better future. Although these changes are natural, human activities have been the primary cause of climate change since the 1800s, owing to the burning of fossil fuels (such as coal, oil and gas), which creates heat-trapping gases.

Session On: Bioremediation

A field of biotechnology that involves removing toxins, pollutants and poisons from the soil, water and other environments using living organisms such as microorganisms and bacteria. It works by encouraging the development of green energy by bacteria that feed on pollutants such as oil, solvents and pesticides for food and energy.

Session On: Soil pollution

The presence of hazardous compounds can be reduced by using green products (pollutants or contaminants) in such quantities in the soil endangers human health and/or the environment. when the levels of pollutants in soil surpass the levels that should naturally be present, even if the levels are not high enough to constitute a concern. All soils, whether contaminated or not, contain a range of naturally occurring substances (contaminants). Metals, inorganic ions and salts are examples of pollutants.

Session On: Urban ecology

The scientific study of living creatures' interactions with one another and their surroundings in the setting of an urban environment is known as urban ecology.

The term "urban environment" refers to the area dominated by high-density residential and commercial structures, paved surfaces, and other urban-related elements that form a landscape that is unlike any previously studied ecosystems in ecology.

Session On: Environmental justice

It is a social movement that seeks to redress the inequitable exposure of poor and vulnerable populations to the dangers of resource exploitation, toxic waste, and another land usage. Green products can do environmental justice if we handle it wisely.

Session On: Renewable Fuels

Fuels made from renewable resources are known as renewable fuels. Biofuels and hydrogen fuel are two examples. Usage of green fuels can reduce the consumption of nonrenewable resources. Nonrenewable fuels such as natural gas, LPG, biogas, biofuel, petroleum, and other fossil fuels, as well as nuclear energy, are not renewable.

For usage in fuel cell automobiles, hydrogen is a potentially emissions-free alternative fuel that can be created from local resources. Natural gas is a readily available gaseous fuel with substantial cost savings over gasoline and diesel.

Session On: Global change 

The term "Global change" refers to changes in the Earth system as a whole, including interacting physicochemical and biological components. as well as the influence of human cultures on the components and vice versa As a result, Earth system science is used to investigate the changes. The unexplored green energy and over utilization of nonrenewable resources leads to the global change.

Session On: Resource recovery 

Resource recovery has become trend in recent days. It is the process of separating elements from the trash that may be recycled into new goods or utilized as an alternative energy source to fossil fuels, to divert as much garbage as possible from landfills.