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renewable energy trends + trends analysis

Analyzing Renewable Energy Trends and Transforming the Energy Sector

Environmental concern and awareness regarding the need for renewable energy sources have grown exponentially over the past decade. Millennial and Gen Z individuals have taken various initiatives to improve the environmental status of the world. Natural hazards, climate change, loss of precious habitat, and the endangerment and extinction of different animal species have led to governments’ increased caution and renewable energy initiatives. These factors have influenced and impacted various renewable energy trends worldwide, and renewable energy market players have witnessed significant change.

The COVID-19 pandemic took a severe toll on the renewable energy market, causing various supply chain disruptions and slowing the process of shifting from traditional energy sources. However, there is immense scope for growth in the coming years due to significant and positive renewable energy trends affecting the market currently. Further, the reduced availability of fossil fuels, changing trade policies regarding the oil and gas industry, and increasing petrol and diesel prices have led to piquing consumers’ interest in renewable energy.

Although there have been various changes and renewable energy trends over the past year, the most significant ones have led to increased interest in the market, rising competition, and a range of options for consumers. Renewable energy sources include solar, wind, hydro, geothermal, tidal, and various others. All the sources of renewable energy require substantial investment and can be challenging to procure. However, Infiniti’s trends analysis experts studied the market and identified three significant renewable energy trends that can help companies and consumers tackle these challenges efficiently.

The world is evolving, and consumers have realized a need for change in energy consumption. To learn how renewable energy trends are propelling this conversion and how your business can capitalize on it, request a free proposal.

Renewable Energy Trends

There has been an upsurge in consumer and company interest in renewable energy. Considering the vast number of challenges, renewable energy was expected to grow at a slow and steady pace. However, with the recent renewable energy trends, experts can expect substantial growth in the market over the coming years, particularly in the post-COVID era. Three trends that are impacting the renewable energy market and propelling the growth are as follows:

renewable energy trends + trends analysis

Government Policies

The social, political, and economic impact of the COVID-19 pandemic has led to a significant set back for many countries. The post-COVID era holds the opportunity for countries and governments to recover and create a stronger, better, and more environmentally friendly country. While governments have increased economic and financial support for small businesses and citizens, there have also been significant investments towards creating a healthier and new country. Renewable energy sources enable sustainable and healthy recovery for countries.

Therefore, governments have introduced policies to promote the adoption and widespread use of renewable energy sources. Support from governments immediately translates into improved tax credits, expedited permits, better grants and loans for innovators, and new deadlines for interrupted projects. Companies can use this renewable energy trend to their advantage and further the promotion and adoption of their offerings, while consumers can adopt renewable energy sources with fewer challenges.

Change comes with advancement, innovation, and government initiatives. For comprehensive insights into how these changes impact your business and support the ideal growth strategies, speak with our industry experts.

Green Hydrogen

Due to citizens’ demanding lifestyles and the high consumption of energy, available renewable energy sources may not suffice. The lack of or stoppage of traditional energy sources such as coal and fossil fuels, which produce high levels of carbon emission, will remain an accessible option, slowing down the process of shifting to an improved world. Therefore, innovation has been abundant within the renewable energy market, and scientists, researchers, and companies have adopted a new form of providing small amounts of energy.

Green hydrogen is a type of fuel created through a process called electrolysis, which removed all traces of carbon dioxide from the eventual product. This fuel can be used to fuel electric or hybrid cars and provide central heating in homes. European countries have quickly adopted this fuel, and the European Union aims to include green hydrogen in their economic recovery plan. Green hydrogen serves as an efficient alternative to natural gas and other high emission fuels. Companies can explore this renewable energy trend and other innovations to expand their offerings and provide customers with further options.

Reduced Costs

Technological advancement has transformed the world for the better in many ways. The evolution of the renewable energy market is one such transformation. Through various breakthroughs, the renewable energy market has successfully improved its supply chains and streamlined manufacturing substantially. These changes have led to reduced costs of production and implementation for businesses and consumers.

These costs are expected to reduce further in the coming years. Therefore, making renewable energy alternatives available to low-income countries and furthering renewable energy over fossil fuel alternatives. With the ideal policies and supportive government policies, these renewable energy trends can help the market expand and grow substantially, creating healthier and greener countries, a better world, and citizens’ healthier lives.

Trends Analysis Solutions in the Renewable Energy Market

The COVID-19 pandemic left a lasting impact on the renewable energy market. However, awareness of these trends and capitalizing on them can help the market recover and grow further in the post-COVID era. To capitalize on major renewable energy trends, propel their business, and grow exponentially, companies need to be aware of their market dynamics, challenges, trends and require appropriate guidance in the matter.

Infiniti Research offers the expertise of over 50 years in providing trends analysis solutions in the energy sector. With our experts’ help, industry leaders in the energy sector have improved customer satisfaction, reduced production costs substantially, and increased revenues. Our trends analysis solutions help businesses identify significant trends in the market, gain a comprehensive understanding of their impact, and develop impeccable strategies to address the same.

Infiniti’s trends analysis solutions can help businesses understand and incorporate the latest renewable energy trends efficiently. Request more information to learn how our solutions can help your business grow.

Top Clean Energy Predictions for 2018

The ‘Go Green’ anthem is echoing around the world. This trend is putting pressure on all the global industries to streamline their activities to a more environment-friendly approach. The energy industry was among the first sectors to come forward and incorporate the idea of resorting to environmentally friendly practices. Additionally, the depleting rate of fossil fuels and the increasing regulatory measures were a good enough reason for them to undertake clean energy measures. In 2018, the continuing plunge in costs for solar and wind energy means that market opportunities will keep opening up for clean power, storage, and electric vehicles. Curious to know what twists and turns the energy industry is going to witness in 2018?  We unravel to you the top clean energy predictions for the upcoming year:IR_Brochure

Dip in battery pack prices

Lithium-ion battery pack prices are expected to showcase a steady decline in 2018. Despite an increase in the price of cobalt and lithium leading to increasing average cell prices, it is likely that the average cost per pack will decline by 10-15%. This trend will be driven by economies of scale, larger average pack sizes and energy density improvements of 5-7% per year.

Rise in the sale of electric vehicles

The transportation industry’s inclination towards clean energy has boosted the growth of electric vehicles. The sale of electric vehicles is expected to hit the all-time high margins this year. As compared to 2017, it is predicted that there would be a 40% rise in the electric vehicles segment in 2018. In the European market, the mounting urban air quality concerns and diesel’s fall from grace will help spike the growth of the electric vehicles market.

Energy transition in Asia’s two largest power systems –  India and China

In the energy industry, India and China face opportunities and challenges that are entirely different from one another. The Indian energy sector saw a mixed year in 2017, though 12GW of renewable energy were built, there was a dip by 20%  in new investments in clean energy resulting from a number of canceled auctions and power contract renegotiations. However, 2018 is expected to be the last year in which fossil fuels will outpace renewables in India. The Indian regulatory bodies are undertaking rigorous clean energy measures to stabilize global greenhouse emissions. In the case of China, the solar fever will continue to rage in 2018. In the upcoming year, China is expected to build more “distribution-grid-connected” solar projects than the larger “transmission-grid-connected” projects.

Growth in global wind installations

Wind energy is one of the major sources for generating clean energy around the world. Both onshore and offshore wind installations are expected to show a growing trend in 2018 and are expected to hit an all-time high record by 2019. China and Latin America are likely to be the two regions seeing growth between 2017 and 2018. The U.K., Germany, Netherlands, and China will continue the main markets for offshore wind projects.

Solar installations to shoot up

Solar energy still dominates as the most rapidly developing and widely accepted technique for generating clean energy. According to various industry experts, global solar installations will be at least 107GW in 2018. China will continue to be the leader in solar energy with 47-65GW of solar installations.


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