Energy & Power Market Research Reports, Analysis & Trends
The rising global demand for energy, backed by industrial development, has put a massive burden on the already-limited resources. This has generated a dire need for alternate energy resources. The adoption of renewable sources of energy, R&D activities for the development of new energy sources, and concerns regarding rising CO2 emissions have comprehended a more diverse universe of players than ever before, including energy providers, equipment manufacturers, and others.
According to the data by International Energy Agency (IEA), the global demand for energy is estimated to witness an increase by 4.6% in 2021, up 0.5% from 2019. In emerging and developing economies, the energy demand is pr Read More...The rising global demand for energy, backed by industrial development, has put a massive burden on the already-limited resources. This has generated a dire need for alternate energy resources. The adoption of renewable sources of energy, R&D activities for the development of new energy sources, and concerns regarding rising CO2 emissions have comprehended a more diverse universe of players than ever before, including energy providers, equipment manufacturers, and others.
According to the data by International Energy Agency (IEA), the global demand for energy is estimated to witness an increase by 4.6% in 2021, up 0.5% from 2019. In emerging and developing economies, the energy demand is predicted to rise to 3.4% in 2021. Moreover, the global demand for electricity is expected to increase by 4.5% in 2021, owing to the rebounding global economy. Regionally, the demand for electricity in India and China in the Asia Pacific, is collectively expected to rise by 8%, as compared to the 2020 levels, backed by the growing population in these nations, as well as for the rise in the total number of market players across different industries.
The growth in the adoption of renewable energy sources is set to deliver a massive positive impact on the energy & power industry. In the other report by the IEA, the use of renewable energy increased by 3% in 2020, despite the decline in the demand for energy in that particular year. Furthermore, the renewable electricity generation is set to rise by more than 8%, to reach 8 300 TWh in 2021. Moreover, renewable energy comprises of various energy sources, such as, solar, wind, hydro, tidal, geothermal, and biomass. As per other report by IEA, Solar PV and wind energy are expected to contribute two-thirds of the total renewable energy growth.
Kenneth Research is a global market research and consultancy platform that provides research analysis for more than 14 different sectors and industries, including the field of energy market research. The energy market research analysts at Kenneth Research provide research reports in energy & power that can help any existing or new market player to make critical business decisions and therefore expand their business. This is what makes us different from other energy market research companies. Power & energy market reports by Kenneth Research offer in-depth analysis of the latest energy and power market trends, developments, opportunities, as well as the challenges that are associated with the market growth in the coming years. Our deep understanding of the market scenario delivers answers to various queries of market players, such as, how to stay ahead of the contemporary energy & power market research firms. Kenneth Research is one of the best energies & power market research firms that helps to bring forward the solutions based on the use of environmentally friendly services in the energy & power industry.