Hydropower Generation Market Future Analysis – 2027 einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Polaris Market Research recently published [115+ Pages] research report on "Wave and Tidal Energy Market Share, Size, Trends, Industry Analysis.
/PRNewswire/ Allied Market Research published a report, titled, "Wave and Tidal Energy Market by Type (Wave Energy, Tidal Energy), by Technology (Tidal.
Growing Environmental Concerns Drive the Market Growth
Renewable energy accounts for a major share in the overall energy generation market. Leveraging its advantages, most distributed generation successes have revolved around significant numbers of renewable energy system installations in residential sectors and home setups. Product standardization, enhanced research and innovation, increased lab & field tests have ensured large market shares for these technologies over the years.
On the other hand, many commercial spaces are implementing distributed energy systems embedded with IoT devices and Blockchain, artificial intelligence (AI) tech, for remote monitoring, managing payments, and security & performance analysis.
According to Market Research Future (MRFR), the global renewable energy market is poised to reach a valuation of USD 2,900 BN by 2027, expanding at an 8.53% CAGR during the review period (2019 to 2027).