Renewable Energy

The ultimate key to stop climate change and save our planet. Renewable energy will take over the world- it is not a question of if but when.

The renewable energy sector consists of the development of sustainable net generation electricity designed to minimize environmental damage. It is segmented into 4 sources: hydroelectricity, wind energy, solar, and biomass and geothermal.

In 2020, the global renewable energy market was valued at $881.7 billion. Hydroelectricity accounted for more than two-fifths of the total market share, and is expected to maintain the lead.

BCM forecasts the renewable energy market to reach $1977.6 billion by 2030, at a CAGR of 8.4% during the forecast period of 2021-2030. We believe that the renewable energy sector possesses a high growth potential due to the endless opportunities it provides to support a more sustainable future.

Main Drivers:

1
Increased governmental policies to combat climate change indicates new avenues for accelerated growth
2
Technological advancements in the past decade lead to reduced production costs
3
Growing interest in next-generation clean energy technologies encourages further investment
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