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Clean Energy Transition Market to Reach $3.7 Trillion, Globally, by 2028 at 9.4% CAGR: Allied Market Research

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Surge in investments in clean energy, fueled by both public initiatives and private sector commitments, are drives the demand for green energy solutions and accelerating the clean energy transition. Governments, recognizing the urgency of climate change and environmental sustainability, are increasingly allocating funds towards renewable energy projects, subsidies, and infrastructure development.

WILMINGTON, Del., Aug. 21, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Clean Energy Transition Market by Type (Renewable Energy, Energy Efficiency, Electrification, Hydrogen and Others), End Use (Industrial, Commercial, Residential and Utility): Global Opportunity Analysis and Industry Forecast, 2024-2028″. According to the report, the clean energy transition market was valued at $2.4 trillion in 2023, and is estimated to reach $3.7 trillion by 2028, growing at a CAGR of 9.4% from 2024 to 2028.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A323811 

Prime determinants of growth

The global clean energy transition market is experiencing growth due to rise in investments in clean energy and surge in demand for green energy. However, limited availability of critical materials for clean energy technologies hinders market growth. Moreover, innovations in energy storage solutions presents additional opportunities for the clean energy transition market. New technologies such as solid-state batteries and flow batteries are emerging, promising even greater energy density, safety, and longevity. Solid-state batteries replace the liquid or gel electrolyte found in traditional lithium-ion batteries with a solid material, reducing the risk of fires and potentially extending the lifespan of the battery. Flow batteries, which store energy in liquid electrolyte solutions, offer the advantage of being able to independently scale power and energy capacity, making them ideal for large-scale energy storage applications.

Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2028

Base Year

2023

Market Size in 2023

$2.4 trillion

Market Size in 2028

$3.7 trillion

CAGR

9.4 %

No. of Pages in Report

340

Segments Covered

Type, End Use, and Region

Drivers

Rising investments in clean energy

Surge in demand for green energy

Opportunity

Innovations in energy storage solutions

Restraint

Limited availability of critical materials for clean energy technologies

Renewable energy segment to maintain its dominance by 2028

By type, the renewable energy segment held the highest market share in 2023 and is estimated to maintain its leadership status during the forecast period. Renewable energy sources such as solar, wind, and hydroelectric power produce electricity with significantly lower greenhouse gas emissions compared to fossil fuels. This reduction in emissions is crucial for meeting international climate targets and reducing the global carbon footprint. Moreover, policies and regulatory frameworks are instrumental in accelerating the adoption of renewable energy. Governments are implementing various incentives, subsidies, and mandates to promote renewable energy deployment and integrate it into their energy systems.

Procure Complete Report (340 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3WTYmT1 

Residential segment is expected to lead the market by 2028

By end use, the residential segment held the highest market share in 2023 and is estimated to dominate during the forecast period. Homeowners are increasingly motivated to adopt clean energy solutions such as solar panels and geothermal heating systems to minimize reliance on fossil fuels and lower greenhouse gas emissions. This consciousness is reinforced by government incentives, such as tax credits and rebates, which make renewable energy technologies more accessible and affordable for residential installations. Furthermore, the desire for energy independence and resilience plays a significant role in driving the adoption of clean energy technologies in residential areas.

Asia-Pacific is expected to experience fastest growth during the forecast period

By region, Asia-Pacific was the fastest growing region in terms of revenue in 2023. Renewable energy sources such as solar and wind power, are increasingly seen as viable solutions to meet this escalating demand while reducing greenhouse gas emissions and enhancing energy security. Moreover, technological innovation and market dynamics are accelerating the adoption of clean energy solutions in the region. Asian countries are increasingly investing in research and development of renewable energy technologies, energy efficiency measures, and smart grid systems. These innovations improve the performance and reliability of renewable energy sources and drive down costs that makes clean energy more competitive with traditional fossil fuels.

For Purchase Inquiry: https://www.alliedmarketresearch.com/clean-energy-transition-market/purchase-options 

Leading Market Players:

NextEra Energy, Inc.Iberdrola, S.A.Ørsted A/STesla Inc.Enel SpaVestas Wind Systems A/SBYD Company Ltd.Brookfield Asset ManagementSchneider ElectricPlug Power Inc.

The report provides a detailed analysis of these key players in the global clean energy transition market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
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1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
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help@alliedmarketresearch.com
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TVCMALL Leads Wholesale Innovation for Simplified Online Retail Business Success at CES 2025

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LAS VEGAS, Jan. 11, 2025 /PRNewswire/ — CES 2025, one of the largest tech events globally, concluded with over 4,000 exhibitors showcasing breakthroughs in AI, digital health, and mobility. TVCMALL, a leading one-stop B2B wholesaler, made its second consecutive appearance at the event, delivering comprehensive solutions and introducing a new brand, LEMONDA. With a focus on eco-friendly products and AI-driven accessories, TVCMALL is redefining the wholesale experience for global entrepreneurs.

Revolutionizing Wholesale with AI and Sustainability
TVCMALL is a one-stop platform offering over 1 million SKUs, including mobile accessories, smart tech, and consumer electronics. At CES 2025, the company presented a range of cutting-edge products, from biodegradable phone cases to AI-driven gadgets like Meta Quest 3 headbands, wireless chargers, power banks, and gaming accessories. As part of its innovative approach, TVCMALL launched LEMONDA, a lifestyle brand focused on sustainability. Featuring lightweight, corrosion-resistant resin smartwatch straps and eco-friendly packaging, LEMONDA aligns with the growing demand for green solutions in tech, further cementing TVCMALL’s commitment to a sustainable future.

Comprehensive Solutions for Retailers
TVCMALL simplifies sourcing with an extensive catalog and AI-powered ordering systems, allowing businesses to streamline purchasing and make data-driven decisions. With no minimum order quantity (MOQ) on most products and a flexible dropshipping service, TVCMALL supports businesses with customized solutions tailored to their needs. Whether through personalized packaging or exclusive designs, TVCMALL helps entrepreneurs enhance their brand visibility and stay competitive. The platform also integrates with Amazon and custom APIs for a seamless experience.

Commitment to Quality and Global Growth
TVCMALL is dedicated to helping entrepreneurs succeed in both established and emerging markets. By offering competitive prices, fast delivery, and in-depth market insights, TVCMALL empowers businesses to expand into regions like Europe, Southeast Asia, and Brazil. The company works with trusted partners like Dux Ducis, CaseMe, and Nillkin, ensuring the reliability and quality of its offerings. Additionally, TVCMALL provides value-added services like product photography, factory inspections, and certifications (CE, RoHS), assisting clients with smooth market entry.

“At TVCMALL, our vision is to build a more generous and thriving world,” said Leo Chen, Founder and Chairman of TVCMALL. “CES 2025 is not just an exhibition for us; it’s an opportunity to collaborate, innovate, and inspire a new era of retail and technology.”

For more information, please visit www.tvcmall.com or contact sales@tvcmall.com.

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The green power trading electricity volume in Turfan has surged significantly in 2024

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TURFAN, China, Jan. 11, 2025 /PRNewswire/ — On January 9, 2024, data released by Xinjiang Power Trading Centre Co., Ltd. indicated that the green power trading electricity volume in the Turfan region reached 0.97 billion kWh, representing a remarkable year-on-year increase of up to 14 times. This substantial growth underscores the region’s successful transition towards green energy.

State Grid Turfan Power Supply Company has taken proactive measures to expedite the development of the green power market. The company has facilitated the government’s introduction of a renewable energy consumption action plan, specifying new energy consumption ratios for key energy-consuming entities and establishing a market mechanism with a high proportion of new energy. These efforts have effectively promoted the “new energy participation in all trading varieties of the 24-hour curve” trading model and ensured continuous market opening on working days, thereby better accommodating the fluctuating characteristics of new energy output.

Furthermore, State Grid Turfan Power Supply Company established a green power certificate service station in Gaochang District, providing customers with convenient green power trading services and fostering a green consumption atmosphere throughout society. During the Autonomous Region Tourism Development Conference and the Turfan Grape Festival, the company achieved 100% green power supply and assisted three export-oriented enterprises in achieving low-carbon transformation, thereby enhancing the international influence of their brands.

Looking ahead, State Grid Turfan Power Supply Company will continue to implement measures to expand its “Power Supply + Energy Efficiency Bill” service, guiding society towards more efficient, economical, and environmentally friendly electricity usage, and contributing to the clean and low-carbon transformation of local energy resources.

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SOURCE State Grid Turfan Power Supply Company

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Equipboard Unveils Sleek Redesign to Enhance Music Gear Discovery for Musicians Worldwide

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Redesign Introduces Modern Features, Streamlined Navigation, and Richer Content to Inspire and Support Music Makers Globally

AUSTIN, Texas, Jan. 11, 2025 /PRNewswire-PRWeb/ — Equipboard, the leading online community for musicians and gear enthusiasts, announces the launch of its newly redesigned website. With a modern look, streamlined navigation, and powerful new features, the redesign sets a new standard for connecting artists, producers, and hobbyists with the tools they need to create music.

Since its inception in 2013, Equipboard has grown into the world’s largest database of music gear used by professionals and amateurs alike. The redesign reflects the platform’s commitment to fostering creativity, offering transparent information, and making gear discovery and purchasing easier and more enjoyable for its global user base.

What’s New?

Equipboard’s redesign is more than just a fresh coat of paint. It introduces a host of improvements aimed at elevating the way users explore, share, and connect over their favorite gear:

    Modernized Design: A sleek, responsive layout ensures a seamless experience across all devices, with improved readability and accessibility.    Enhanced Navigation: Faster, more intuitive browsing helps users discover gear, artists, and inspiration effortlessly. Whether searching for a guitarist’s pedalboard or a producer’s go-to synth, the information is now at their fingertips.    Richer Content: Equipboard now features in-depth guides, expert-curated collections, and a revamped artist gear section to inspire and inform users at all levels of their musical journey.    Personalized Experience: Registered users can now enjoy a more tailored interface, saving their favorite gear and creating wishlists for their next creative adventure.    Price Comparisons Across Leading Retailers: Equipboard helps musicians make informed decisions by comparing prices on music gear from top retailers, ensuring they get the best value for their investment.    Community-Focused Features: New tools make it easier for users to contribute to Equipboard’s ever-growing database, ensuring the platform remains the most trusted source for music gear information.

“Equipboard has always been about empowering musicians by connecting them with the tools and insights they need,” said Michael Pierce, Co-Founder. “This redesign reflects our commitment to innovation and community, creating an experience that’s as inspiring as the gear our users discover. From in-depth artist insights to real-time price comparisons, we’re excited to see how these improvements help musicians worldwide make better gear choices and create amazing music.”

About Equipboard

Equipboard is the ultimate online resource for musicians and gear enthusiasts. With a mission to provide transparent, community-driven information about the gear used by artists and professionals, Equipboard has become a trusted destination for millions of music creators. The platform also simplifies the buying process with its innovative price comparison tool, helping users find the best deals from leading retailers. From electric guitars to studio monitors, Equipboard’s extensive database helps users make informed decisions about their music-making journey.

The redesigned Equipboard is now live at https://equipboard.com, offering a fresh look and enhanced tools to support music creators in exploring the gear behind their favorite artists’ sound.

Media Contact

Michael Pierce, Equipboard, 888-888-8888, contact@equipboard.com, https://equipboard.com/

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SOURCE Equipboard

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