Green Energy Market Regional Analysis:
APAC Market Insights
Asia Pacific region is expected to account for more than 46.5% market share by 2035. The market growth can be ascribed to highest utilization and adoption of solar and hydro energy in the region, along with high adoption of green energy in major countries such as China, India, and Japan. Solar power production in China increased from 39 TWh in 2015 to 260 TWh in 2020, while the total hydropower generated in 2019 crossed 1,302.00 TWh.
North American Market Insights
The market in North America is also anticipated to grow substantially over the forecast period, backed by growing awareness regarding growing pollution and its adverse effect on the environment. Moreover, government are initiating various strategies in order to increase the adoption of green energy in this region. They are also investing in green energy.
