The global renewable energy market size is expected to grow from $183.8 billion in 2020 to $2261 billion in 2021 at a CAGR of 22% in realistic scenarios during the forecast period. The IEA estimates global oil demand at 99.9 million barrels in 2020, down about 90,000 barrels per day from demand in 2019. Renewable energy is the best and greenest alternative to oil, so the demand for renewable energy and related projects will increase in the near future. This market will be less affected during COVID-19.
A full report of COVID-19 Impact on Renewable Energy Market is available at: https://www.orionmarketreports.com/covid-19-impact-on-renewable-energy-market/45654/
COVID-19 Impact on Renewable Energy Market Segmentation
Based on technology type:
• Solar
• Wind
• Others
Based on end-user:
• Utilities/Power Producers
• Captive
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