About this market

The rising demand for clean energy sources will drive the clean energy technologies market growth during the forecast period. Surging demand for electricity and the extensive use of fossil fuels such as coal and natural gas for fulfilling the need has increased carbon emissions. The demand for clean energy sources is likely to surge considerably at global levels for reducing carbon emissions. Furthermore, factors including the decarbonization of the power sector and stringent regulations for reducing carbon emissions will eventually impact the clean energy technologies market growth positively during the forecast period. analysts have predicted that the clean energy technologies market will register a CAGR of more than 5% by 2023.

Market Overview

Rising demand for clean energy sources

One of the growth drivers of the global clean energy technologies market is the rising demand for clean energy sources. Factors such as the decarbonization of the power sector and stringent regulation to reduce carbon emissions will lead to the rapid growth of the market during the forecast period.

Competition from other sources of energy

One of the challenges in the growth of the global clean energy technologies market is the competition from other sources of energy. Coal power generation from conventional non-clean technologies and natural gas accounts for a significant portion of the global energy mix and restricts the growth of the market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the clean energy technologies market during 2019-2023, view our report.

Competitive Landscape

The market appears to be highly fragmented with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.