Renewable Energy Market Sales Are Expected To Reach US$ 1.4 Billion By 2030, As Stated By insightSLICE January 12, 2021 19:30 ET | Source: insightSLICE insightSLICE PUNE, India, Jan. 12, 2021 (GLOBE NEWSWIRE) -- The Global Renewable Energy Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis. The Global Renewable Energy Market size was estimated at US$ 750 billion and is expected to reach US$ 1,370 billion by 2030 at a CAGR of 5.5% through 2030. Renewable energy is expanding its reach across the globe with increased adoption of renewable energy generation as an alternative to conventionally operated electricity generation plants. Across major pasts of the world, renewable energy has outpaced the electricity generation compared to traditional coal fired, nuclear and hydroelectric power plants. The increased investment in the development of renewable energy generation plants has witness a steady growth during past decade with major growth exhibited during the past couple of years. Additionally, the cost associated with renewable energy generation is declining across the globe with intense competition amongst regional and global players to grab their share of the pie.