Global Market Trends on Renewable Energy 2023

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Renewable energy is an important source of power generation and we can use these resources repeatedly. The main goal of green energy is to reduce greenhouse gas emissions. To stay updated with the current research, Longdom Conferences welcome all the global participants to the 9th Global Summit on Renewable Energy and Resources will be hosted on December 14-15, 2023 in Dubai, UAE. The panel of speakers will be delivering their presentations on their recent research related to renewable energy and make it a perfect platform for knowledge sharing and networking between experts around the world and aims in accelerating scientific discovery. We believe your presence would be a source of inspiration for the upcoming scientists, students, academicians, and business delegates for taking the technological aspects related to this topic to next level.

For more details visit :https://www.longdom.com/renewableenergy

Market Trends on Renewable energy 2023:

The global renewable energy market was valued at $881.7billion in 2020, and is projected to reach $1,977.6 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030. Renewable energy, even referred as clean energy, is usually derived from natural sources that are constantly replenished. Wind energy, a type of renewable energy, is used to generate electric energy from kinetic energy source. Wind turbine converts the wind energy into mechanical energy, which is further converted into electrical energy through generator. Wind energy can be generated offshore and onshore. Onshore wind energy is associated with onshore turbines that are located on land, whereas offshore wind turbines are found in ocean or sea. 

Asia-Pacific renewable energy market size is projected to grow at a CAGR of 9.6% during the forecast period and accounted for 35.2% of renewable energy market share in 2020. The region accounts for more than half of the global energy consumption, owing to rise in industrialization as well increase in population. The renewable energy market has grown considerably in countries such as China and India. China became the world’s largest producer of bioelectricity in 2017 and now it is one the key players in hydropower, onshore, wind power and solar photovoltai

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