Growing Environmental Consciousness Driving Innovations In The Renewable Energy Sector
FN Media Group Presents Microsmallcap.com Market Commentary
NEW YORK, June 3, 2021 /PRNewswire/ The global renewable energy market, which was estimated at $980 billion in 2017, is expected to reach a stunning
$1.5 trillion by 2025. The demand for sustainable and clean energy sources fueled by environmental concerns regarding rapid urbanization, fossil fuels and economic growth in emerging regions is driving the growth seen in recent years within the market. This demand has also fueled the development of innovative and sustainable solutions like energy-efficient batteries, energy storage solutions, and particularly, electric vehicles (EVs), which grew to a value of $246.7 billion in 2020. Companies such as