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Global Renewable Energy Technology Market 2024-2029: Market Trends & Strategies

Publisher Juniper Research
Published Aug 19, 2024
Length 58 Pages
SKU # JNRH19997449

Description

This energy efficiency report examines the Renewable Energy Technology market landscape in detail; assessing market trends and factors shaping the evolution of this growing market, such as offshore wind technology and pyramidal solar lenses. The report delivers comprehensive analysis of the strategic opportunities for renewable energy technology providers and market participants; addressing key verticals and developing challenges, and how vendors should navigate these. As well as looking into renewable technology use cases, it also includes evaluation of key country-level opportunities for renewable energy growth.

Please note: the online download version of this report is for a global site license.

Table of Contents

58 Pages
1. Key Takeaways & Strategic Recommendations
1.1 Key Takeaways
1.1.1 Green Hydrogen Production Still Marks a Tricky Area for Renewable Energy
1.1.2 Innovation to Help Reduce Costs of Renewable Energy Generation
1.1.3 Global Renewable Energy Capacity Expected to Surge
1.2 Strategic Recommendations
1.2.1 West Europe Must Capitalise on Offshore Wind Energy Opportunities
1.2.2 Offer Incentives for Residential Customers to Adopt Renewable Energy Technologies
1.2.3 Increasing Battery Storage Infrastructure is Core to Supporting Growth
2. Market Landscape
2.1 Introduction
2.2 Definitions
2.3 Renewable Energy Market
Figure 2.1: Renewable Energy Market Landscape
2.3.1 Types of Renewable Energy
i. Wind Energy
Figure 2.2: Onshore & Offshore Wind Turbines
ii. Solar Energy
Figure 2.3: Solar PV Farm
iii. Hydroelectric Energy
Figure 2.4: Hydroelectric Power Plant with a Reservoir
iv. Bioenergy
v. Hydrogen
vi. Geothermal Energy
Figure 2.5: Geothermal Energy Generated from the Earth’s Core
vii. Nuclear Energy
2.3.2 Renewable Energy and the Grid
Figure 2.6: Renewable Energy Generation & Distribution to the Grid
2.4 Methods & Technologies Used in Renewable Energy
2.4.1 Wind Technologies & Methods
i. Onshore Wind Turbine
ii. Offshore Wind Turbine
2.4.2 Solar Technologies & Methods
i. Solar PV Panel
ii. Solar Thermal Panel
Figure 2.7: Evacuated Tube Collector Solar Thermal Panel
2.4.3 Hydroelectric Technologies & Methods
i. Hydroelectric Power Plants
ii. Hydroelectric Turbines
Figure 2.8: Francis Hydroelectric Turbine
2.4.4 Bioenergy Technologies & Methods
i. Biomass Combustion
ii. Bacterial Decomposition
iii. Conversion to a Gas Fuel
iv. Conversion to a Liquid Fuel
2.4.5 Hydrogen Technologies & Methods
i. Steam-methane Reforming
ii. Electrolysis
iii. Partial Oxidation
iv. Biomass Gasification
v. Thermochemical Water Splitting
vi. Photolytic Water Splitting
2.4.6 Geothermal Technologies & Methods
2.4.7 Nuclear Technologies & Methods
2.5 Potential Energy Storage
2.5.1 Pumped Hydroelectricity Energy Storage
Figure 2.9: Closed-loop Pumped Hydroelectric Energy Storage Diagram
2.5.2 Thermal & Phase Transition Energy Storage
i. Liquid-to-air Transition Energy Storage
ii. Thermal Sand Batteries
2.5.3 Mechanical Energy Storage
i. Compressed Air Energy Storage
ii. Gravitational Energy Storage
iii. Flywheel Energy Storage
iv. Pumped Heat Electrical Storage
2.5.4 Hydrogen Storage
2.5.5 Electrochemical/Electricity Storage
i. Lithium-ion Battery Storage
ii. Flow Battery Storage
2.6 Key Trends, Market Drivers, and Constraints
2.6.1 Government Policies & Incentives
i. Solar PV Policies
ii. Wind Energy Policies
iii. Hydroelectric Energy Policies
2.6.2 International Trading
2.6.3 Solar PV Oversupply
2.6.4 Offshore Projects Under Threat
2.7 Future Outlook
3. Segment Analysis
3.1 Case Studies
3.1.1 Solar AquaGrid Solar Canal Project
3.1.2 Whitelee Windfarm
3.1.3 Red Rock Hydroelectric Project
3.1.4 Attero & Peka Kroef
3.2 Innovations
3.2.1 Solar Innovations
i. Floatovoltaics
ii. Pyramidal Lenses
Figure 3.1: Pyramidal Lens in Three Stages of Development
iii. Solar Cells
3.2.2 Wind Innovations
i. Bladeless Wind Turbines
ii. Floating Wind Turbines
iii. Flying Wind Power
3.2.3 Hydroelectric Innovations
i. Helicoid Penstocks
ii. VIVACE (Vortex Induced Vibration for Aquatic Clean Energy)
4. Country Readiness Index
4.1 Introduction to Country Readiness Index
Figure 4.1: Renewable Energy Technology Country Readiness Index Regional Definitions
Table 4.2: Juniper Research Country Readiness Index Scoring Criteria: Renewable Energy Technology
Figure 4.3: Juniper Research Country Readiness Index: Renewable Energy Technology
Figure 4.4: Renewable Energy Technology Country Readiness Index: Market Segments
4.1.1 Focus Markets
i. Offshore Wind Investment
Figure 4.5: Total Number of Offshore Wind Turbines, Split by Top Eight Focus Market Countries, 2024-2029
ii. Easing International Trading
iii. Renewable Energy Is Not Yet the Primary Energy Source
Figure 4.6: Proportion of Electricity Capacity Attributable to Renewable Energy (%), Split by Top Eight Focus Markets, 2024-2029
4.1.2 Growth Markets
i. Large Potential for Increased Renewable Energy Generation
Figure 4.7: Total Amount of Renewable Energy Generated (TWh), Split by Seven Growth Markets, 2024-2029
ii. Markets with Great Investment Opportunities
Table 4.8: Total Spend on Renewable Energy Technology Hardware ($m), Split by Seven Growth Markets, 2024-2029
4.1.3 Saturated Markets
Figure 4.9: Total Operational Costs of Renewable Energy Technology ($m), Split by Four Saturated Market, 2024-2029
4.1.4 Developing Markets
Figure 4.10: Proportion of Electricity Capacity Attributable to Solar PV (%), Split by Top Eight Developing Markets, 2024-2029
Table 4.11: Juniper Research’s Country Readiness Index Heatmap: North America
Table 4.12: Juniper Research’s Country Readiness Index Heatmap: Latin America
Table 4.13: Juniper Research’s Country Readiness Index Heatmap: West Europe
Table 4.14: Juniper Research’s Country Readiness Index Heatmap: Central & East Europe
Table 4.15: Juniper Research’s Country Readiness Index Heatmap: Far East & China
Table 4.16: Juniper Research’s Country Readiness Index Heatmap: Indian Subcontinent
Table 4.17: Juniper Research’s Country Readiness Index Heatmap: Rest of Asia Pacific
Table 4.18: Juniper Research’s Country Readiness Index Heatmap: Africa & Middle East

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