New Zealand Renewable Energy Market
Segments - by Types [Wind, Geothermal, Solar, Hydro, and Other Types], End-users [Residential, Industrial, Commercial, and Others], and Geography [New Zealand]-Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The New Zealand renewable energy market size is anticipated to expand at a significant CAGR during the forecast period, 2021 – 2028. Growth of the market is attributed to increase in energy consumption, traditional power sources unable to meet requirement, and supportive government policies and upcoming projects are having good impact on the market.
A renewable energy can be constantly supplied to tides, waves, rain, and wind. While renewable energy is commonly thought of as a replacement technology and nature’s power has been used for transportation, lighting, heating, and more. Now that people got progressively innovative and less-expensive ways to capture and retain wind and solar energy, renewables are getting an additional necessary power supply.
The Covid-19 pandemic affected the demand and supply of the New Zealand renewable energy market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increase in consumer purchasing capacity and frequently growing population is projected to boost the market.
- Rapid growth in renewable energy manufactures and rapidly growing production capacity is key factor fueling the market during the forecast period.
- Increasing price of the fuel and energy is major factor that driving renewable energy market in the coming years.
- High price and high maintenances cost are anticipated to restrict market growth during the forecast period.
- Lack of awareness about renewable energy possesses a main challenge that can hamper the market expansion in the coming years.
- R&D investment and technological advancement in renewable energy market is projected to create lucrative opportunities for the market players.
Scope of the Report
The report on the New Zealand renewable energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
New Zealand renewable energy Market -Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
|
Historic Data |
2018-2019 |
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Forecast Period |
2021-2028 |
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Segmentation |
Types [Wind, Geothermal, Solar, Hydro, and Other Types], End-users [Residential, Industrial, Commercial, and Others] |
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Country |
New Zealand |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players covered in the Report |
Meridian Energy Limited, Tilt Renewables, Genesis Energy L.P., Vestas Wind Systems A/S, GCL System Integration Technology, General Electric Company, Mercury NZ Limited, Contact Energy Limited, Vector Ltd, First Solar Inc., Risen Energy, Siemens Gamesa Renewable Energy SA, General Electric Company, Watercare, and Hanwha Q Cells Co. Ltd. |
Market Segment Insights
The wind energy segment is projected to grow as major source of energy in the market
On the basis of types, the New Zealand renewable energy market is segmented into wind, geothermal, solar, hydro, and other types. The wind energy segment is projected to grow as major source of energy in the market due to factors such as increasing population, rising disposable income, and government policies. However, the solar energy segment is growing at rapid pace owing to increased energy consumption, rapid development in renewable energy sector, and traditional power sources are unable to meet requirement.
The industrial segment accounts for key share in the market and expected to grow at a rapid pace
Based on end-users, the New Zealand renewable energy market is divided into residential, industrial, commercial, and others. The industrial segment accounts for a key share of the market. Growth of the market is attributed to increasing energy consumption and frequently growing population. However, the residential segment is anticipated to expand at a rapid pace during the forecast period owing to supportive government policies and upcoming projects, cost effective solution for energy generation, and rising environmental awareness.
Regional outlook
In the New Zealand renewable energy market 82.4% energy comes from renewable energy. The utmost large-scale development in the New Zealand renewable energy market in the coming years is the Castle Hill Wind Farm. It has tendency to manufacture the 286 wind turbines with a size equal to 860 MW, which would deliver plenty electricity to supply around 370,000 households. Growth of the market is attributed to increase in energy consumption, continually growing population, cost effective solution for energy generation, and rising environmental awareness.
Segments
Segments Covered in the Report
The New Zealand renewable energy market has been segmented on the basis of
Types
- Wind
- Geothermal
- Solar
- Hydro
- Other Types
End-users
- Residential
- Industrial
- Commercial
- Others
Geography
- New Zealand
Key Players
- Meridian Energy Limited
- Tilt Renewables
- Genesis Energy L.P.
- Vestas Wind Systems A/S
- GCL System Integration Technology
- General Electric Company
- Mercury NZ Limited
- Contact Energy Limited
- Vector Ltd
- First Solar Inc.
- Risen Energy
- Siemens Gamesa Renewable Energy SA
- General Electric Company
- Watercare
- Hanwha Q Cells Co. Ltd.
Competitive Landscape
Key players competing in the New Zealand renewable energy market include Meridian Energy Limited, Tilt Renewables, Genesis Energy L.P., Vestas Wind Systems A/S, GCL System Integration Technology, General Electric Company, Mercury NZ Limited, Contact Energy Limited, Vector Ltd, First Solar Inc., Risen Energy, Siemens Gamesa Renewable Energy SA, General Electric Company, Watercare, and Hanwha Q Cells Co. Ltd.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Renewable Energy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Renewable Energy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Renewable Energy Market - Supply Chain
4.5. Global Renewable Energy Market Forecast
4.5.1. Renewable Energy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Renewable Energy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Renewable Energy Market Absolute $ Opportunity
5. Global Renewable Energy Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Renewable Energy Market Size and Volume Forecast by Types
5.3.1. Wind
5.3.2. Geothermal
5.3.3. Solar
5.3.4. Hydro
5.3.5. Other Types
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Renewable Energy Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Renewable Energy Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Renewable Energy Demand Share Forecast, 2019-2026
7. North America Renewable Energy Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Renewable Energy Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Renewable Energy Market Size and Volume Forecast by Types
7.4.1. Wind
7.4.2. Geothermal
7.4.3. Solar
7.4.4. Hydro
7.4.5. Other Types
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Renewable Energy Demand Share Forecast, 2019-2026
8. Latin America Renewable Energy Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Renewable Energy Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Renewable Energy Market Size and Volume Forecast by Types
8.4.1. Wind
8.4.2. Geothermal
8.4.3. Solar
8.4.4. Hydro
8.4.5. Other Types
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Renewable Energy Demand Share Forecast, 2019-2026
9. Europe Renewable Energy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Renewable Energy Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Renewable Energy Market Size and Volume Forecast by Types
9.4.1. Wind
9.4.2. Geothermal
9.4.3. Solar
9.4.4. Hydro
9.4.5. Other Types
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Renewable Energy Demand Share Forecast, 2019-2026
10. Asia Pacific Renewable Energy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Renewable Energy Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Renewable Energy Market Size and Volume Forecast by Types
10.4.1. Wind
10.4.2. Geothermal
10.4.3. Solar
10.4.4. Hydro
10.4.5. Other Types
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Renewable Energy Demand Share Forecast, 2019-2026
11. Middle East & Africa Renewable Energy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Types
11.4.1. Wind
11.4.2. Geothermal
11.4.3. Solar
11.4.4. Hydro
11.4.5. Other Types
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Renewable Energy Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Renewable Energy Market: Market Share Analysis
12.2. Renewable Energy Distributors and Customers
12.3. Renewable Energy Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Meridian Energy Limited
12.4.2. Tilt Renewables
12.4.3. Genesis Energy L.P.
12.4.4. Vestas Wind Systems A/S
12.4.5. GCL System Integration Technology
12.4.6. General Electric Company
2. Assumptions and Acronyms Used
3. Research Methodology
4. Renewable Energy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Renewable Energy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Renewable Energy Market - Supply Chain
4.5. Global Renewable Energy Market Forecast
4.5.1. Renewable Energy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Renewable Energy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Renewable Energy Market Absolute $ Opportunity
5. Global Renewable Energy Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Renewable Energy Market Size and Volume Forecast by Types
5.3.1. Wind
5.3.2. Geothermal
5.3.3. Solar
5.3.4. Hydro
5.3.5. Other Types
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Renewable Energy Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Renewable Energy Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Renewable Energy Demand Share Forecast, 2019-2026
7. North America Renewable Energy Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Renewable Energy Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Renewable Energy Market Size and Volume Forecast by Types
7.4.1. Wind
7.4.2. Geothermal
7.4.3. Solar
7.4.4. Hydro
7.4.5. Other Types
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Renewable Energy Demand Share Forecast, 2019-2026
8. Latin America Renewable Energy Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Renewable Energy Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Renewable Energy Market Size and Volume Forecast by Types
8.4.1. Wind
8.4.2. Geothermal
8.4.3. Solar
8.4.4. Hydro
8.4.5. Other Types
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Renewable Energy Demand Share Forecast, 2019-2026
9. Europe Renewable Energy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Renewable Energy Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Renewable Energy Market Size and Volume Forecast by Types
9.4.1. Wind
9.4.2. Geothermal
9.4.3. Solar
9.4.4. Hydro
9.4.5. Other Types
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Renewable Energy Demand Share Forecast, 2019-2026
10. Asia Pacific Renewable Energy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Renewable Energy Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Renewable Energy Market Size and Volume Forecast by Types
10.4.1. Wind
10.4.2. Geothermal
10.4.3. Solar
10.4.4. Hydro
10.4.5. Other Types
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Renewable Energy Demand Share Forecast, 2019-2026
11. Middle East & Africa Renewable Energy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Types
11.4.1. Wind
11.4.2. Geothermal
11.4.3. Solar
11.4.4. Hydro
11.4.5. Other Types
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Renewable Energy Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Renewable Energy Market: Market Share Analysis
12.2. Renewable Energy Distributors and Customers
12.3. Renewable Energy Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Meridian Energy Limited
12.4.2. Tilt Renewables
12.4.3. Genesis Energy L.P.
12.4.4. Vestas Wind Systems A/S
12.4.5. GCL System Integration Technology
12.4.6. General Electric Company
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