The Market for Worldwide Clean Energy Technologies is Expected to Grow to $448.8 Billion by 2030
The release of the Global Clean Energy Technologies Industry report by Reportlinker.com is announced on February 10th, 2023. Inflation of food and fuel is a major economic concern and is expected to reduce consumer confidence and spending.
This will lead to governments raising interest rates, which in turn will cause job creation to slow down and affect economic activity and growth. Businesses will be hesitant to make investments due to the inflation worries and diminished demand.
The prospects of a recession in developed markets have increased due to inflation and the fear of new COVID outbreaks as well as the uncertain post-pandemic situation in China. To make matters worse, the financial markets are volatile, trade tensions are escalating, regulations are being tightened and climate change is becoming a priority. 2023 is looking like a difficult year for markets, investors and consumers. However, there are opportunities still available for those businesses and their leaders who are able to navigate the challenges with resilience and flexibility.
By the year 2030, the worldwide market for clean energy technologies is projected to reach $448.8 billion.
In the post-COVID-19 business landscape, the Clean Energy Technologies global market is predicted to be worth US$292 Billion in 2022 and expand to US$448.8 Billion by 2030, increasing at a CAGR of 5.5%. Wind is anticipated to have a 5.4% CAGR and attain US$168.7 Billion by the end of the analysis period. Taking into account the recovery from the pandemic, the Solar segment is revised to a 6.8% CAGR for the upcoming 8-year period.
It is projected that the US market is valued at $85.4 billion, and that China is likely to have a growth rate of 5.2% CAGR.
In 2022, the Clean Energy Technologies market in the U.S. is expected to be valued at US$85.4 Billion. Forecasts indicate that China, the world's second largest economy, is anticipated to reach a market worth of US$78.8 Billion by 2030 with a CAGR of 5.2% from 2022 to 2030. Japan and Canada are also projected to grow at respective CAGRs of 4.9% and 4.6%. In Europe, Germany is likely to expand at around 4.2% CAGR during the same time frame.
For the full report, please click on this link: https://www.reportlinker.com/p05817952/?utm_source=GNW.