The global clean energy infrastructure market has expanded
rapidly owing to a variety of causes, the most notable of which is
increased global awareness and adoption of sustainable energy
solutions. As the globe faces the problems of climate change and
the need for cleaner & more efficient energy sources,
industries are rapidly recognizing the need for sophisticated
technology, particularly in the field of clean energy
infrastructure.
WILMINGTON, Del., Aug. 16, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Clean Energy
Infrastructure Market by Infrastructure Type (Power
Generation Facilities, Energy Storage Systems, Transmission and
Distribution Networks), and End-Use (Residential, Commercial and
Industrial): Global Opportunity Analysis and Industry Forecast,
2024-2033". According to the report, the clean energy
infrastructure market was valued at $0.6
trillion in 2023, and is estimated to reach $1.5 trillion by 2033, growing at a CAGR of 9.3%
from 2024 to 2033.
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https://www.alliedmarketresearch.com/request-sample/A323711
Prime determinants of Clean Energy Infrastructure Market
growth
The global clean energy infrastructure market has experienced
growth due to several factors such as increased demand for clean
and sustainable energy solutions in response to climate change and
environmental concerns. Governments, businesses, and consumers are
increasingly recognizing the importance of transitioning away from
fossil fuels towards renewable energy sources such as solar, wind,
hydroelectric, and biomass. Moreover, Advancements in clean energy
technologies are also driving market growth. Innovations in solar
photovoltaics, wind turbines, energy storage systems, and smart
grid technologies are improving the efficiency, reliability, and
affordability of clean energy infrastructure market.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base Year
|
2023
|
Market Size in
2023
|
$0.6
trillion
|
Market Size in
2033
|
$1.5
trillion
|
CAGR
|
9.3 %
|
No. of Pages in
Report
|
340
|
Segments
Covered
|
Infrastructure Type,
End-Use, and Region
|
Drivers
|
• Rise in
investment in renewable projects.
• Public Demand
for Sustainable Energy Solutions.
|
Opportunity
|
• Energy Storage
Solutions and Grid Integration Technologies.
|
Restraints
|
• High production
costs
• Grid
Integration Challenges
|
The energy storage systems segment is expected to maintain
its dominance by 2033
By Infrastructure type, the energy storage systems segment is
expected to dominate the market due to the increase in deployment
of renewable energy. As renewable energy sources such as solar and
wind power become more prevalent, the need for energy storage
systems to mitigate intermittent and ensure grid stability becomes
paramount. Energy storage enables the efficient capture and
utilization of renewable energy, thereby facilitating its
integration into the electricity grid.
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Tables, and Figures) @ https://bit.ly/3ST8ni9
The industrial segment is expected to maintain its dominance
by 2033
Industrial facilities typically have higher energy demands
compared to residential and commercial buildings due to the nature
of their operations. Industries such as manufacturing, mining, and
heavy engineering require significant amounts of energy for
processes such as heating, cooling, and powering machinery. As a
result, there is a strong incentive for industrial companies to
invest in clean energy infrastructure to reduce energy costs,
improve operational efficiency, and enhance competitiveness.
The Asia-Pacific segment is
expected to maintain its dominance by 2033
By region, Asia-pacific
dominated the clean energy infrastructure market in 2023.
Asia-Pacific region is rich in
renewable energy resources, such as solar, wind, hydroelectric,
biomass, and geothermal power. Countries in the region have
significant untapped potential for renewable energy generation,
making clean energy infrastructure a viable and attractive option
for meeting energy demand sustainably.
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Leading Market Players: -
- NextEra Energy, Inc.
- Enel Spa, Iberdrola, S.A,
- Canadian Solar.
- First Solar
- SunPower Corporation.
- ACCIONA ENERGÍA
- Suzlon Energy Limited
- Adani Group
- Tata Power
The report provides a detailed analysis of these key players in
the clean energy infrastructure market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
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