Zion Market Research Renewable Energy Market, 2016–2024 | Page 3

Renewable Energy Market
market. In addition to this, a high cost of ownership is also one of the significant reasons that
are restraining the growth of the global market. The huge transportation charges are also one of
the main reasons that are hindering the growth of the global market.
Global Renewable Energy Market: Segmentation
Based on the types of types, the global renewable energy market is mainly classified as solar,
biofuels, geothermal, hydropower, and wind power.
The solar energy is further divided on the basis of products into the crystalline thin film, silicon,
and others. The biofuels are further segmented on the basis of products into as biodiesel and
bio-ethanol. The geothermal energy is further bifurcated on the basis of applications direct use
and power generation. The wind power is further classified on the basis of technology into as
vertical and horizontal axis wind turbines.
On the basis of area, the global market is bifurcated into Latin America, Europe, North America,
Asia-Pacific, and Rest of the World.
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