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Impact of COVID-19 on Global Renewable Energy Industry Market Size, Industry Trends, Share and Forecast 2019-2025

Trends, Size, Competitive Analysis, Share, Forecast- 2019-2025

The global renewable energy industry includes solar, wind, hydro, biofuels and others that are less carbon-intensive and create a more sustainable renewable energy system. The factors that were fueling the growth of the renewable energy market before the COVID-19 pandemic include rising concern about the safety of the environment coupled with a growing energy crisis. Additionally, the cost-effectiveness offered using renewable energy is also contributing significantly to the growth of the global renewable energy market.

Request a free sample of our report on Impact of COVID-19 on Global Renewable Energy Industry Market:  https://www.omrglobal.com/request-sample/impact-of-covid-19-on-global-renewable-energy-industry

However, with the outbreak of COVID-19 since December 2019, the market of global renewable energy has shown discouraging growth rates. The COVID-19 virus was novel in nature and hence the government organizations across the globe published guidelines to quarantine oneself from the crowd and stay at home. Due to lockdowns, the global supply chains are affected and a considerable slowdown in production was observed. Sectors such as the wind industry are experiencing logistical delays. The logistic delays are resulting in delays in new project development. Moreover, due to the decrease in prices of crude oil, the demand for renewable energy can decrease in the near future. 

A full report of Impact of COVID-19 on Global Renewable Energy Industry Market is available at: https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-global-renewable-energy-industry

The global renewable energy industry report is segmented into the solar panel industry, wind power industry, hydropower industry, and other industries. Out of which the solar panel industry is expected to get affected significantly due to the pandemic. The effect of COVID-19 on the renewable energy industry can be observed in all regions such as North America, Europe, Asia-Pacific and Rest of the World. In China, the renewable power sector is experiencing the impact of the COVID-19, specifically wind and solar PV, which could witness lower capacity additions due to suspended manufacturing and construction works. China is one of the significant countries for solar PV installations and the production of solar PV panels. The country has the largest installed solar power capacity of more than 205 GW by 2019, contributing more than 35% of the global installations. Besides, China is the biggest manufacturing country for solar PV equipment manufacturing globally and due to COVID-19, the manufacturing sector of the country has been affected significantly. 

Segmentation 

  • Solar Panel Industry 
  • Wind Power Industry 
  • Hydro Power Industry 
  • Other Industries 

Regional Analysis

  • North America
  • United States
  • Canada
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific 
  • Rest of the World

Companies Profile

  • Canadian Solar Inc.
  • Enercon GmbH
  • GE Renewable Energy
  • Hanwha Q Cells Co., Ltd.
  • JA Solar Holdings
  • JinkoSolar Holding Co., Ltd.
  • Nordex SE
  • Senvion S.A.
  • Siemens AG
  • SunPower Corp.

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About us:

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

 

For More Information, Visit https://www.omrglobal.com/

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: [email protected]   

Contact no: +1 646-755-7667, +91 780-304-0404

 

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