Solar and Wind Renewable Energy Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Solar and Wind Renewable Energy Market covers analysis By Type (Solar and Wind); Installation (Solar and Wind); End-User (Residential, Commercial, and Industrial); , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00003246
  • Category : Energy and Power
  • Status : Upcoming
  • No. of Pages : 150
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Global warming and faster depleting sources of non-renewable energy have proliferated the needs for the high volume commercialization of alternative renewable sources of energy. Environmental issues such as global warming and depleting natural resources have forced various environmental agencies and Governments of countries across the globe to develop various strategies for renewable energy generation. Also, harnessing energy from abundantly available sources such as solar and wind enable in satiating the ever-increasing energy demands. Various environmental initiatives are further anticipated to provide a huge boost to solar and wind energy generations.

Extinction of natural sources for energy generation coupled with ever-increasing demands for energy with a rising population is anticipated to be the major factors driving the solar and wind renewable energy market. Higher initial costs of implementations and operational maintenance costs of systems for harnessing energy from solar and wind energy is anticipated to hinder the growth of solar and wind renewable energy market. Progressive researches and initiatives taken by various environmental protection agencies for saving the non-renewable sources of energy provide opportunities to market players operating in the solar and wind renewable energy market during the forecast period.

The "Solar and Wind Renewable Energy Market Analysis to 2028" is a specialized and in-depth study of the solar and wind renewable energy market with a focus on the global market trend. The report aims to provide an overview of the global solar and wind renewable energy market with detailed market segmentation by type, technology, application, and geography. The global solar and wind renewable energy market are expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global solar and winds renewable energy market based on the scanning type, technology, and application. It also provides market size and forecast till 2028 for overall solar and wind renewable energy market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The solar and wind renewable energy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the solar and wind renewable energy market in these regions. Further, the report also includes ecosystem analysis for the solar and wind renewable energy market.

Also, key solar and wind renewable energy market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, the key development in the past five years. Some of the key players influencing the market are ABB Ltd., Alstom SA, Apex Clean Energy, First Solar Inc., and General Electric (GE Power). Also, Hanergy Thin Film Power Group, Longroad Energy Holdings, LLC, Shenzhen Energy Group Co., Ltd., Tata Power Company Limited, and Vestas Wind Systems are a few other important players in the solar and wind renewable energy market. REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
- Solar and Wind Energy Market - By Type
- Solar and Wind Energy Market - By Installation
- Solar and Wind Energy Market - By End-User
- Solar and Wind Energy Market - By Region
o By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR AND WIND ENERGY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. SOLAR AND WIND ENERGY MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC

6. SOLAR AND WIND ENERGY MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR AND WIND ENERGY - GLOBAL MARKET OVERVIEW
6.2. SOLAR AND WIND ENERGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. SOLAR AND WIND ENERGY MARKET REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOLAR
7.3.1. Overview
7.3.2. Solar Market Forecast and Analysis
7.3.2.1. Photovoltaic
7.3.2.1.1. Overview
7.3.2.1.2. Photovoltaic Market Forecast and Analysis
7.3.2.2. Concentrated Solar Power (CSP)
7.3.2.2.1. Overview
7.3.2.2.2. CSP Market Forecast and Analysis
7.4. WIND
7.4.1. Overview
7.4.2. Wind Market Forecast and Analysis
7.4.2.1. Horizontal
7.4.2.1.1. Overview
7.4.2.1.2. Horizontal Market Forecast and Analysis
7.4.2.2. Vertical
7.4.2.2.1. Overview
7.4.2.2.2. Vertical Market Forecast and Analysis
8. SOLAR AND WIND ENERGY MARKET REVENUE AND FORECASTS TO 2028 - INSTALLATION
8.1. OVERVIEW
8.2. INSTALLATION MARKET FORECASTS AND ANALYSIS
8.3. SOLAR
8.3.1. Overview
8.3.2. Solar Market Forecast and Analysis
8.3.2.1. Solar farm/ Large scale
8.3.2.1.1. Overview
8.3.2.1.2. Solar farm/ Large scale Market Forecast and Analysis
8.3.2.2. Small Scale
8.3.2.2.1. Overview
8.3.2.2.2. Small Scale Market Forecast and Analysis
8.4. WIND
8.4.1. Overview
8.4.2. Wind Market Forecast and Analysis
8.4.2.1. Grid
8.4.2.1.1. Overview
8.4.2.1.2. Grid Market Forecast and Analysis
8.4.2.2. Standalone
8.4.2.2.1. Overview
8.4.2.2.2. Standalone Market Forecast and Analysis

9. SOLAR AND WIND ENERGY MARKET REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. RESIDENTIAL
9.3.1. Overview
9.3.2. Residential Market Forecast and Analysis
9.4. COMMERCIAL
9.4.1. Overview
9.4.2. Commercial Market Forecast and Analysis
9.5. INDUSTRIAL
9.5.1. Overview
9.5.2. Industrial Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. SOLAR AND WIND ENERGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1. North America Solar and Wind Energy Market Overview
10.1.2. North America Solar and Wind Energy Market Forecasts and Analysis
10.1.3. North America Market Forecasts and Analysis - By Type
10.1.4. North America Market Forecasts and Analysis - By Installation
10.1.5. North America Market Forecasts and Analysis - By End-User
10.1.6. North America Market Forecasts and Analysis - By Countries
10.1.6.1. US market
10.1.6.1.1. US Market by Type
10.1.6.1.2. US Market by Installation
10.1.6.1.3. US Market by End-User
10.1.6.2. Canada market
10.1.6.2.1. Canada Market by Type
10.1.6.2.2. Canada Market by Installation
10.1.6.2.3. Canada Market by End-User
10.1.6.3. Mexico market
10.1.6.3.1. Mexico Market by Type
10.1.6.3.2. Mexico Market by Installation
10.1.6.3.3. Mexico Market by End-User
10.2. EUROPE
10.2.1. Europe Solar and Wind Energy Market Overview
10.2.2. Europe Solar and Wind Energy Market Forecasts and Analysis
10.2.3. Europe Market Forecasts and Analysis - By Type
10.2.4. Europe Market Forecasts and Analysis - By Installation
10.2.5. Europe Market Forecasts and Analysis - By End-User
10.2.6. Europe Market Forecasts and Analysis - By Countries
10.2.6.1. France market
10.2.6.1.1. France Market by Type
10.2.6.1.2. France Market by Installation
10.2.6.1.3. France Market by End-User
10.2.6.2. Germany market
10.2.6.2.1. Germany Market by Type
10.2.6.2.2. Germany Market by Installation
10.2.6.2.3. Germany Market by End-User
10.2.6.3. Italy market
10.2.6.3.1. Italy Market by Type
10.2.6.3.2. Italy Market by Installation
10.2.6.3.3. Italy Market by End-User
10.2.6.4. Russia market
10.2.6.4.1. Russia Market by Type
10.2.6.4.2. Russia Market by Installation
10.2.6.4.3. Russia Market by End-User
10.2.6.5. UK market
10.2.6.5.1. UK Market by Type
10.2.6.5.2. UK Market by Installation
10.2.6.5.3. UK Market by End-User
10.2.6.6. Rest of Europe market
10.2.6.6.1. Rest of Europe Market by Type
10.2.6.6.2. Rest of Europe Market by Installation
10.2.6.6.3. Rest of Europe Market by End-User
10.3. ASIA PACIFIC (APAC)
10.3.1. Asia Pacific Solar and Wind Energy Market Overview
10.3.2. Asia Pacific Solar and Wind Energy Market Forecasts and Analysis
10.3.3. Asia Pacific Market Forecasts and Analysis - By Type
10.3.4. Asia Pacific Market Forecasts and Analysis - By Installation
10.3.5. Asia Pacific Market Forecasts and Analysis - By End-User
10.3.6. Asia Pacific Market Forecasts and Analysis - By Countries
10.3.6.1. South Korea
10.3.6.1.1. South Korea Market by Type
10.3.6.1.2. South Korea Market by Installation
10.3.6.1.3. South Korea Market by End-User
10.3.6.2. China market
10.3.6.2.1. China Market by Type
10.3.6.2.2. China Market by Installation
10.3.6.2.3. China Market by End-User
10.3.6.3. India market
10.3.6.3.1. India Market by Type
10.3.6.3.2. India Market by Installation
10.3.6.3.3. India Market by End-User
10.3.6.4. Japan market
10.3.6.4.1. Japan Market by Type
10.3.6.4.2. Japan Market by Installation
10.3.6.4.3. Japan Market by End-User
10.3.6.5. Australia market
10.3.6.5.1. Australia Market by Type
10.3.6.5.2. Australia Market by Installation
10.3.6.5.3. Australia Market by End-User
10.3.6.6. Rest of APAC market
10.3.6.6.1. Rest of APAC Market by Type
10.3.6.6.2. Rest of APAC Market by Installation
10.3.6.6.3. Rest of APAC Market by End-User
10.4. MIDDLE EAST AND AFRICA (MEA)
10.4.1. Middle East and Africa Solar and Wind Energy Market Overview
10.4.2. Middle East and Africa Solar and Wind Energy Market Forecasts and Analysis
10.4.3. Middle East and Africa Market Forecasts and Analysis - By Type
10.4.4. Middle East and Africa Market Forecasts and Analysis - By Installation
10.4.5. Middle East and Africa Market Forecasts and Analysis - By End-User
10.4.6. Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1. South Africa market
10.4.6.1.1. South Africa Market by Type
10.4.6.1.2. South Africa Market by Installation
10.4.6.1.3. South Africa Market by End-User
10.4.6.2. Saudi Arabia market
10.4.6.2.1. Saudi Arabia Market by Type
10.4.6.2.2. Saudi Arabia Market by Installation
10.4.6.2.3. Saudi Arabia Market by End-User
10.4.6.3. UAE market
10.4.6.3.1. UAE Market by Type
10.4.6.3.2. UAE Market by Installation
10.4.6.3.3. UAE Market by End-User
10.4.6.4. Rest OF MEA market
10.4.6.4.1. Rest of MEA Market by Type
10.4.6.4.2. Rest of MEA Market by Installation
10.4.6.4.3. Rest of MEA Market by End-User
10.5. SOUTH AMERICA (SAM)
10.5.1. South America Solar and Wind Energy Market Overview
10.5.2. South America Solar and Wind Energy Market Forecasts and Analysis
10.5.3. South America Market Forecasts and Analysis - By Type
10.5.4. South America Market Forecasts and Analysis - By Installation
10.5.5. South America Market Forecasts and Analysis - By End-User
10.5.6. South America Market Forecasts and Analysis - By Countries
10.5.6.1. Brazil market
10.5.6.1.1. Brazil Market by Type
10.5.6.1.2. Brazil Market by Installation
10.5.6.1.3. Brazil Market by End-User
10.5.6.2. Argentina market
10.5.6.2.1. Argentina Market by Type
10.5.6.2.2. Argentina Market by Installation
10.5.6.2.3. Argentina Market by End-User
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11. INDUSTRY LANDSCAPE
11.1. MERGERS & ACQUISITIONS
11.2. MARKET INITIATIVES
11.3. NEW DEVELOPMENTS
12. SOLAR AND WIND ENERGY MARKET, KEY COMPANY PROFILES
12.1. ABB LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products & Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ALSTOM SA
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products & Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. APEX CLEAN ENERGY
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products & Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. FIRST SOLAR INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products & Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. GENERAL ELECTRIC (GE POWER)
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products & Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. HANERGY THIN FILM POWER GROUP
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products & Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. LONGROAD ENERGY HOLDINGS, LLC
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products & Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SHENZHEN ENERGY GROUP CO., LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products & Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments

12.9. TATA POWER COMPANY LIMITED
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products & Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VESTAS WIND SYSTEMS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products & Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. ABB Ltd.
2. Alstom SA
3. Apex Clean Energy
4. First Solar Inc.
5. General Electric (GE Power)
6. Hanergy Thin Film Power Group
7. Longroad Energy Holdings, LLC
8. Shenzhen Energy Group Co., Ltd.
9. Tata Power Company Limited
10. Vestas Wind Systems

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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