Renewable Energy Market Research Report - Global Forecast to 2027

Renewable Energy Market By Type (Hydropower, Wind Energy, Solar Energy, Bioenergy, Geothermal Energy, Ocean Energy), End-Use [Industrial (Power, Chemicals & Petrochemicals, Oil & Gas, Food & Beverage), Residential and Commercial] - Forecast till 2027

ID: MRFR/E&P/0986-CR | October, 2020 | Region : Global

Renewable Energy Market Overview


Renewable energy market will grow at a CAGR of 8.53% during the forecast period (2019-2027).


The market research report on the improving functionality of technologies related to renewable energy sources and the consequent impact of the deployment of these sources on Climate change as well as economical betterment of the whole world on the whole. The depletion of carbon-based fossil fuel sources, the resulting hike in production costs along with the environmental concerns will be seen driving the market share upwards during the forecast period. Also contributing to this growth will be the role of state governments worldwide that, with their favourable policies and regulations, will be seen driving the market in a sustained upward trend.


This report outlines the key factors driving the market trends, prominent players in the competitive landscape and the major growth opportunities and restraints facing the market.


COVID-19 Analysis


The COVID-19 pandemic and the resulting lockdowns brought the whole world’s economies to a standstill and dealt quite a blow to the supply chain dynamics to all industries worldwide. With supply chains facing an unprecedented, and crippling, challenges and workforce in shorter supply than it ever has been, the renewable energy market has suffered various setbacks. The market analysis with respect to COVID-19 outbreak gives a clearer and detailed picture of how has this unforeseen calamity impacted renewable energy industry on the whole.


Competitive Landscape


The trends in global renewable energy industry are highly dynamic and major players seem to be focused on using all available sources efficiently to generate clean energy. Two of the major sources that have been tapped into so far are solar energy and wind energy. While ocean energy, and geothermal energy have also been gaining importance in the recent times, it is the geothermal energy that gets maximum attention owing to its capacity to supply base load requirements. 


Some of the major players in the renewable energy market ecosystem are:



  • ABB Ltd.

  • General Electric (GE)

  • The Tata Power Company Limited (Tata Power)

  • Innergex, Enel Spa (Enel)

  • Xcel Energy Inc. (Xcel Energy)

  • EDF

  • Geronimo Energy

  • Invenergy


Market Dynamics


Growth Drivers


The ever-increasing demand for fuel and energy in today’s world is the main factor driving the market growth in current times. Increasing industrialisation and commercialisation have led people towards technology that requires more and more power every passing day. On top of this demand, rests the rising environmental awareness among the citizens of the world and their desire to reduce humankind’s carbon footprint. Both these factors are key driving forces for this market and the industry overall.


The role played by the complications associated with non-renewable energy sources can also not be ignored. The carbon-based fossil fuel sources are swiftly depleting and getting more and more costly to produce on any scale. This growing cost inefficiency adds to the renewability equation and makes renewable energy sources look more and more desirable.


Growth Opportunities


Major opportunities for renewable energy market lie with the European Union’s futuristic plans. The EU aims to make Europe a climate-neutral continent by 2050. To meet this goal, among other things, the European Green Deal emphasizes on the importance of attaining offshore clean energy. This futuristic plan has brought other major economies also into action and plans everywhere are being laid for a cleaner greener world on the whole. This surge of interest and consequent boost in investments will bring the desired opportunities flooding into the market boost the market value.


Market Restraints


There are however, factors that considerably restraint the growth in this sector. Unpredictable climate conditions and the resultant unavailability of renewable sources is a major restrainer in the growth of this market. Also, generating large quantities of power and energy using renewable energy sources is significantly more difficult than attaining the same goal with carbon-based fuels and that is another major factor hampering global renewable energy market growth.


Market Challenges


The major challenge involved in generating electricity using renewable energy sources is the high costs involved. This makes it unaffordable in many cases and significantly hampers the future prospects of the renewable energy market share in near future. However, technological advancements in this sector have paved the way for lower tariff electricity generation methods that are expected to address this challenge during the forecast period.


The COVID-19 pandemic also brought a hoard of challenges with it for this industry. The supply chain disruptions that came with the global lockdowns created a cycle of challenges for this sector. The raw material distribution was hit, installations across the sectors were delayed and this led to rising costs. While technological advancements are being made to address the high costs involved in generating electricity though renewable energy sources, there are several other factors that will need to be considered to reverse the COVID-19 impact on the industry.


Segment Overview


Renewable energy is the form of energy which is derived from naturally occurring and naturally replenished sources such as sunlight, wind, water, geothermal heat, etc. This form of energy traditionally found extensive use in rural energy services sector but now, due to the overwhelming rate at which the non-renewable energy sources are depleting and the high rate of pollution across the globe, world economies and general people at large are now shifting focus towards the market. This sudden surge of attention to this market in the commercial and private sector for applications such as electricity generation, fluid heating and/or cooling and transportation is driving the market trends upwards.


An ever-increasing environmental awareness and a desire to reduce the global carbon imprint are driving people to choose these energy sources over the traditional fast-depleting non-renewable energy sources. The market is expected to reach a valuation in excess of USD 2,900 Bn towards 2027-end. This growth is powered by the fact that renewable energy sources are plentiful and provide clean and green energy and are way more adaptable than the carbon-based pollution causing non-renewable energy sources.


Global market segmentation by source



  • Wind power

  • Hydropower

  • Solar energy

  • Geothermal energy

  • Bio-fuels


Global market segmentation by application



  • Electricity generation

  • Heating

  • Transportation


Global market segmentation by region



  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa


Regional Analysis


The Asia Pacific region will be seen registering the maximum growth during the forecast period. The rise in industrialisation across this region – in countries such as India and China – will lead to an ever-surging demand for energy and propel the market trends upwards. Rising population and favourable government policies will also contribute equally towards increasing the market revenue in this region.


According to Electric Power Annual, the expected changes in the global energy generating capacity through clean fuel sources would increase at a CAGR of 23.1% over 2018 to produce a total of 277.77 GW of clean energy. Clean energy is also the long-term aim of European Union which seeks to make Europe a climate-neutral continent by 2050. To meet this goal, among other things, the European Green Deal emphasizes on the importance of attaining offshore clean energy – a project that will further boost market in the continent.


Report Overview



  • The report analyses the current and future market trends at length by studying the key drivers, opportunities, and restraints unique to the market ecosystem.

  • Studies and analyses the market growth rate and revenue rate during the forecast period of 2020 to 2027.

  • The report also provides a comprehensive regional analysis of the market and forecast which regions will be registering maximum growth and why.

  • Also provides a comprehensive analysis of the components that will be seen driving as well as restraining the market in the forecast period.

  • This report also provides qualitative data based on market dynamics, trends, and developments that can be used by interested professionals and major businesses to understand and benefit from the market accordingly.

1 Executive Summary

2 Market Introduction

2.1 Definition 16

2.2 Scope Of The Study 16

2.3 Market Structure 17

3 Research Methodology

3.1 Research Process 19

3.2 Primary Research 20

3.3 Secondary Research 21

3.4 Market Size Estimation 22

3.5 Forecast Model 22

3.6 List Of Assumptions 23

4 Market Dynamics

4.1 Overview 25

4.2 Drivers 25

4.2.1 Rising Energy Demand Coupled With Increasing Share Of Renewable Energy In The Power Generation Mix 25

4.2.2 Favorable Government Initiatives 26

4.3 Opportunities 26

4.3.1 Scope Of Renewable Energy As A Power Source In Remote Areas 26

4.4 Restraints 27

4.4.1 High Cost Of Investment For Infrastructure Set Up 27

5 Global Renewable Energy Market, By Type

5.1 Overview 29

5.2 Hydropower 29

5.3 Wind Energy 29

5.4 Solar Energy 29

5.5 Bioenergy 30

5.6 Geothermal Energy 30

5.7 Ocean Energy 30

6 Global Renewable Energy Market, By End-Use

6.1 Overview 33

6.2 Industrial 33

6.2.1 Power 33

6.2.2 Iron & Steel 33

6.2.3 Chemicals And Petrochemicals 34

6.2.4 Oil & Gas 34

6.2.5 Food & Beverage 34

6.2.6 Automotive 34

6.2.7 Others 35

6.3 Residential 35

6.4 Commercial 36

7 Global Renewable Energy Market, By Region

7.1 Overview 38

7.1.1 North America 39

7.1.1.1 US 41

7.1.1.2 Canada 42

7.1.1.3 Mexico 43

7.2 Asia-Pacific 44

7.2.1.1 China 46

7.2.1.2 Japan 47

7.2.1.3 India 48

7.2.1.4 Australia 50

7.2.1.5 Rest Of Asia-Pacific 51

7.2.2 Europe 53

7.2.2.1 UK 55

7.2.2.2 France 56

7.2.2.3 Italy 57

7.2.2.4 Germany 58

7.2.2.5 Rest Of Europe 59

7.2.3 South America 61

7.2.3.1 Argentina 63

7.2.3.2 Chile 64

7.2.3.3 Brazil 65

7.2.3.4 Rest Of South America 66

7.2.4 Middle East & Africa 68

7.2.4.1 UAE 70

7.2.4.2 Saudi Arabia 71

7.2.4.3 South Africa 72

7.2.4.4 Rest Of Middle East And Africa 73

8 Competitive Landscape

8.1 Competitive Scenario 75

8.2 Siemens AG And Canadian Solar Inc: The Leading Players In Terms Of Number Of Developments In The Market 76

8.3 Contracts & Agreements 77

8.4 Partnership & Collaboration 78

9 Company Profiles

9.1 Ocean Power Technologies, Inc 80

9.1.1 Company Overview 80

9.1.2 Financial Overview 80

9.1.3 Products/Services Offered 81

9.1.4 Key Developments 81

9.1.5 SWOT Analysis 82

9.1.6 Key Strategies 82

9.2 Ørsted A/S 83

9.2.1 Company Overview 83

9.2.2 Financial Overview 83

9.2.3 Products/Services Offered 84

9.2.4 Key Developments 84

9.2.5 SWOT Analysis 85

9.2.6 Key Strategies 85

9.3 General Electric 86

9.3.1 Company Overview 86

9.3.2 Financial Overview 86

9.3.3 Products And Solutions Offered 87

9.3.4 Key Developments 88

9.3.5 SWOT Analysis 89

9.3.6 Key Strategies 89

9.4 NextEra Energy, Inc 90

9.4.1 Company Overview 90

9.4.2 Financial Overview 90

9.4.3 Products And Services Offered 91

9.4.4 Key Developments 91

9.4.5 SWOT Analysis 92

9.4.6 Key Strategies 92

9.5 Enel Spa 93

9.5.1 Company Overview 93

9.5.2 Financial Overview 93

9.5.3 Product/Service Offered 94

9.5.4 Key Developments 95

9.5.5 SWOT Analysis 96

9.5.6 Key Strategies 96

9.6 On Power 97

9.6.1 Company Overview 97

9.6.2 Financial Overview 97

9.6.3 Products And Solutions Offered 97

9.6.4 Key Developments 97

9.6.5 SWOT Analysis 98

9.6.6 Key Strategies 98

9.7 Yingli Solar 99

9.7.1 Company Overview 99

9.7.2 Financial Overview 99

9.7.3 Product/Service Offered 101

9.7.4 Key Developments 101

9.7.5 SWOT Analysis 102

9.7.6 Key Strategies 102

9.8 Tocardo BV 103

9.8.1 Company Overview 103

9.8.2 Financial Overview 103

9.8.3 Key Developments 103

9.8.4 SWOT Analysis 104

9.8.5 Key Strategies 104

9.9 SynTech Bioenergy LLC 105

9.9.1 Company Overview 105

9.9.2 Financial Overview 105

9.9.3 Key Developments 106

9.9.4 SWOT Analysis 106

9.9.5 Key Strategies 106

9.10 Vestas Wind Systems A/S 107

9.10.1 Company Overview 107

9.10.2 Financial Overview 107

9.10.3 Products/Services Offered 109

9.10.4 Key Developments 110

9.10.5 SWOT Analysis 110

9.10.6 Key Strategies 110

9.11 Siemens AG 111

9.11.1 Company Overview 111

9.11.2 Financial Overview 111

9.11.3 Products/Services Offered 112

9.11.4 Key Developments 113

9.11.5 SWOT Analysis 114

9.11.6 Key Strategies 115

9.12 Canadian Solar Inc. 116

9.12.1 Company Overview 116

9.12.2 Financial Overview 116

9.12.3 Products/Services Offered 117

9.12.4 Key Developments 119

9.12.5 SWOT Analysis 120

9.12.6 Key Strategies 120


10 List Of Tables

TABLE 1 MARKET SYNOPSIS 14

TABLE 2 LIST OF ASSUMPTIONS 23

TABLE 3 GLOBAL RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 31

TABLE 4 GLOBAL RENEWABLE ENERGY MARKET, BY INDUSTRIAL, 2020–2027 (USD BILLION) 35

TABLE 5 GLOBAL RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 36

TABLE 6 GLOBAL RENEWABLE ENERGY MARKET, BY REGION, 2020–2027 (USD BILLION) 38

TABLE 7 NORTH AMERICA RENEWABLE ENERGY MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 39

TABLE 8 NORTH AMERICA RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 40

TABLE 9 NORTH AMERICA RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 40

TABLE 10 US: RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 41

TABLE 11 US: RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 41

TABLE 12 CANADA: RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 42

TABLE 13 CANADA: RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 42

TABLE 14 MEXICO: RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 43

TABLE 15 MEXICO: RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 43

TABLE 16 ASIA-PACIFIC RENEWABLE ENERGY MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 44

TABLE 17 ASIA-PACIFIC RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 45

TABLE 18 ASIA-PACIFIC RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 45

TABLE 19 CHINA RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 46

TABLE 20 CHINA RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 47

TABLE 21 JAPAN RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 47

TABLE 22 JAPAN RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 48

TABLE 23 INDIA RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 49

TABLE 24 INDIA RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 49

TABLE 25 AUSTRALIA RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 50

TABLE 26 AUSTRALIA RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 50

TABLE 27 REST OF ASIA-PACIFIC RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 51

TABLE 28 REST OF ASIA-PACIFIC RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 52

TABLE 29 EUROPE RENEWABLE ENERGY MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 53

TABLE 30 EUROPE RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 54

TABLE 31 EUROPE RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 54

TABLE 32 UK RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 55

TABLE 33 UK RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 55

TABLE 34 FRANCE RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 56

TABLE 35 FRANCE RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 56

TABLE 36 ITALY RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 57

TABLE 37 ITALY RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 57

TABLE 38 GERMANY RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 58

TABLE 39 GERMANY RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 59

TABLE 40 REST OF EUROPE RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 59

TABLE 41 REST OF EUROPE RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 60

TABLE 42 SOUTH AMERICA RENEWABLE ENERGY MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 61

TABLE 43 SOUTH AMERICA RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 62

TABLE 44 SOUTH AMERICA RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 62

TABLE 45 ARGENTINA RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 63

TABLE 46 ARGENTINA RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 63

TABLE 47 CHILE RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 64

TABLE 48 CHILE RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 64

TABLE 49 BRAZIL RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 65

TABLE 50 BRAZIL RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 66

TABLE 51 REST OF SOUTH AMERICA RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 67

TABLE 52 REST OF SOUTH AMERICA RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 67

TABLE 53 MIDDLE EAST & AFRICA RENEWABLE ENERGY MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 68

TABLE 54 MIDDLE EAST & AFRICA RENEWABLE ENERGY MARKET, BY TYPE2020–2027 (USD BILLION) 69

TABLE 55 MIDDLE EAST & AFRICA RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 69

TABLE 56 UAE: RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 70

TABLE 57 UAE: RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 70

TABLE 58 SAUDI ARABIA: RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 71

TABLE 59 SAUDI ARABIA: RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 71

TABLE 60 SOUTH AFRICA: RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 72

TABLE 61 SOUTH AFRICA: RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 72

TABLE 62 REST OF MIDDLE EAST AND AFRICA: RENEWABLE ENERGY MARKET, BY TYPE, 2020–2027 (USD BILLION) 73

TABLE 63 REST OF MIDDLE EAST AND AFRICA: RENEWABLE ENERGY MARKET, BY END-USE, 2020–2027 (USD BILLION) 73

TABLE 64 SIEMENS AG AND CANADIAN SOLAR INC: THE MOST ACTIVE PLAYERS IN THE GLOBAL RENEWABLE ENERGY MARKET 76


11 List Of Figures

FIGURE 1 RENEWABLE ENERGY MARKET: MARKET STRUCTURE 17

FIGURE 2 RESEARCH PROCESS OF MRFR 19

FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 22

FIGURE 4 GLOBAL RENEWABLE ENERGY INVESTMENT, 2020 (USD BILLION) 25

FIGURE 5 GLOBAL RENEWABLE ENERGY MARKET, BY TYPE, 2020 (% SHARE) 30

FIGURE 6 GLOBAL RENEWABLE ENERGY MARKET, BY INDUSTRIAL END-USER, 2020 (% SHARE) 35

FIGURE 7 GLOBAL RENEWABLE ENERGY MARKET, BY END-USE, 2020 (% SHARE) 36

FIGURE 8 GLOBAL RENEWABLE ENERGY MARKET, BY REGION, 2020 (% SHARE) 38

FIGURE 9 NORTH AMERICA RENEWABLE ENERGY MARKET, BY COUNTRY, 2020 (% SHARE) 39

FIGURE 10 ASIA-PACIFIC RENEWABLE ENERGY MARKET, BY COUNTRY, 2020 (% SHARE) 44

FIGURE 11 EUROPE RENEWABLE ENERGY MARKET, BY COUNTRY, 2020 (% SHARE) 53

FIGURE 12 SOUTH AMERICA RENEWABLE ENERGY MARKET, BY COUNTRY, 2020 (% SHARE) 61

FIGURE 13 MIDDLE EAST & AFRICA RENEWABLE ENERGY MARKET, BY COUNTRY, 2020 (% SHARE) 68

FIGURE 14 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS GLOBAL RENEWABLE ENERGY MARKET, 2018–2020, (%) 75

FIGURE 15 CONTRACTS & AGREEMENTS: % SHARE BY KEY PLAYERS, 2018–2020, (%) 77

FIGURE 16 PARTNERSHIP & COLLABORATION: % SHARE BY KEY PLAYERS, 2018–2020, (%) 78

FIGURE 17 OCEAN POWER TECHNOLOGIES, INC.: TOTAL REVENUE (2018–2020) 80

FIGURE 18 OCEAN POWER TECHNOLOGIES, INC: REGIONAL REVENUE (2020) 81

FIGURE 19 OCEAN POWER TECHNOLOGIES, INC.: SWOT ANALYSIS 82

FIGURE 20 ØRSTED A/S: TOTAL REVENUE (2018–2020) 83

FIGURE 21 ØRSTED A/S: REGIONAL REVENUE (2020) 84

FIGURE 22 ØRSTED A/S: SWOT ANALYSIS 85

FIGURE 23 GENERAL ELECTRIC: TOTAL REVENUE VS SEGMENTAL REVENUE (2018–2020) 86

FIGURE 24 GENERAL ELECTRIC: REGIONAL REVENUE (2020) 86

FIGURE 25 GENERAL ELECTRIC: SWOT ANALYSIS 89

FIGURE 26 NEXTERA ENERGY INC: TOTAL REVENUE VS SEGMENTAL REVENUE (2018–2020) 90

FIGURE 27 NEXTERA ENERGY INC: SWOT ANALYSIS 92

FIGURE 28 ENEL SPA: TOTAL REVENUE VS SEGMENTAL REVENUE (2018–2020) 93

FIGURE 29 ENEL SPA: REGIONAL REVENUE (2020) 94

FIGURE 30 ENEL SPA: SWOT ANALYSIS 96

FIGURE 31 ON POWER: SWOT ANALYSIS 98

FIGURE 32 YINGLI SOLAR: TOTAL REVENUE VS SEGMENTAL REVENUE (2018–2020) 99

FIGURE 33 YINGLI SOLAR: REGIONAL REVENUE (2020) 100

FIGURE 34 YINGLI SOLAR: SWOT ANALYSIS 102

FIGURE 35 GENERAL ELECTRIC: SWOT ANALYSIS 104

FIGURE 36 NEXTERA ENERGY INC: SWOT ANALYSIS 106

FIGURE 37 VESTAS WIND SYSTEMS A/S: TOTAL REVENUE (2018–2020) 107

FIGURE 38 VESTAS WIND SYSTEMS A/S: REGIONAL REVENUE (2020) 108

FIGURE 39 VESTAS WIND SYSTEMS A/S: SWOT ANALYSIS 110

FIGURE 40 SIEMENS AG: TOTAL REVENUE VS SEGMENTAL REVENUE (2018–2020) 111

FIGURE 41 SIEMENS AG: REGIONAL REVENUE (2020) 112

FIGURE 42 SIEMENS AG: SWOT ANALYSIS 114

FIGURE 43 CANADIAN SOLAR INC.: TOTAL REVENUE (2018–2020) 116

FIGURE 44 CANADIAN SOLAR INC: REGIONAL REVENUE (2020) 116

FIGURE 45 CANADIAN SOLAR INC.: SWOT ANALYSIS 120

Renewable Energy Market