The Middle East and Africa (MEA) renewable energy market is experiencing substantial growth driven by a combination of factors that reflect the region's increasing commitment to sustainable development, energy security, and the diversification of energy sources.
The global enhanced geothermal system (EGS) market is expected to reach $1,354.2 million by 2030, growing with a CAGR of 4.4% during the forecast period 2021-2030.
The Asia-Pacific waste to energy market is projected to grow from $XX billion in the year 2018 to $13.66 billion by 2023, at a CAGR of XX% from 2018 to 2023.
The Europe waste to energy market is projected to grow from $XX billion in the year 2018 to $21.99 billion by 2023, at a CAGR of XX% from 2018 to 2023.
The offshore wind energy market is projected to grow from $XX million in the year 2018 to $50,450.9 million by 2023, at a CAGR of XX% from 2018 to 2023.
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Renewable energy possesses a vast expanse of untapped market potential, and irrespective of its abundant availability, it is yet to achieve a wide scale adoption among both government and private bodies. The solar energy market (PV and solar thermal) has gained significant traction in the recent past, and is anticipated to attain almost 265GW and 568GWth of cumulative capacity by 2020 for solar PV
To create the energy security in the developing countries of Asia Pacific region, the abundantly available renewable energy resources are being widely adopted, in order to reduce reliance on the conventional sources of energy.
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