The global renewable energy trading market is projected to grow at a CAGR of 12.5% during the forecast period (2021 – 2029). The growth of the global renewable energy trading market is driven by a rising demand for renewable energy globally. Energy markets, in particular, are becoming increasingly globalised. For example, LNG prices are gradually connecting the world's major gas markets. Moreover the energy traders are deploying advanced analytics into the trading landscape for real time to gain a competitive edge along with increased trading margins.
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The research report on Global Renewable Energy Trading Market will include extensive information based on the following pointers:
- Global Market size and forecast values (2015 – 2029), in terms of revenue (US$ Million) by segments/sub-segments; wherein 2015 to 2019 has been considered as historic years, 2020 as the base year, while 2021 to 2029 has been considered as the forecast period.
- Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
- Market Determinants and Influencing Factors
- Macro-Economic and Micro-Economic Indicators
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Trends on Global Renewable Energy Trading Market
- Exclusive Details on the Effect of the Pandemic
- Porter’s Five Forces Analysis
- Competitor Landscape
- Product Benchmarking
- Market Share Analysis, 2020
- Global Presence and Growth Strategies
- The final report will include competitive product benchmarking which will include comparison of different products offered by different market participants on the basis of their features and capabilities that will help you to understand their market offerings. Furthermore, for each company, we will provide information regarding company details, company overview, product offerings, key developments, financial analysis, and SWOT analysis and business strategies.
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Impact of the COVID-19 Pandemic on Global Renewable Energy Trading Market
Renewable energy has become a critically important means for firms, governments and consumers around the world to access the most efficient forms of energy needed for the transition to sustainable energy systems. The continuous trade-led deployment of renewable energy technology is assisting in the strengthening of vital infrastructure required to combat the COVID-19 pandemic and promote economic recovery following the pandemic. Off-grid solar energy options, such as standalone systems and mini-grids, showcase potential capability in aiding healthcare institutions to improve their quality of treatment by powering mobile testing centres and vaccine freezers. Thus, increased investments in renewable energy sector is proving to be a driving factor for the renewable energy trading market.
By Component
Renewable energy trading has become much more competitive in the last few years. Renewable energy trading includes products like crude oil, electricity, natural gas, wind power, and solar power amongst others. Traders are attracted to these commodities because they frequently vary sharply. Substantial industrial enterprises are buying large amounts of electricity and other renewable energy directly from wholesale markets through trading platforms. Energy companies are also expanding across multiple products and solutions. Oil and gas trading companies are developing electricity and carbon emissions trading desks, and independent enterprises are trading power and gas as a service for smaller-scale producers or purchasers. Other niche players are also trading new products such as biofuels and carbon certificates. For instance, Indian Energy Exchange along with Central Electricity Regulatory Commission introduced REC mechanism to make it easier for state utilities and obliged organisations to buy renewable energy, particularly in places where renewable energy supplies are scarce. This framework aims to establish a nationwide market for renewable energy providers in order to recoup their costs. Similar initiatives showcase positive growth prospects for the global renewable energy trading market over the period of next eight years.
By Organization size
Large-scale power plants are being replaced by small-scale renewable energy providers, resulting in a more decentralised energy system. Most small businesses lack the financial resources, risk appetite and ability to manage their production's marketing, exposure to unpredictable power costs, and future production hedging. As a result, they frequently seek for trading platforms to supply these services. This is a significant potential for major energy trading platforms businesses with trading desks that can scale their operations to provide third-party power purchase agreements, risk management solutions, and market access services. For instance, the WePower platform connects corporate energy buyers and energy retailers with green energy generators directly, allowing all organisations, regardless of size, to effortlessly acquire locally produced green energy at competitive rates and with complete transparency. Thus small scale industries are looking forward to trading platforms to discover the effective trading of renewable energy.
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By Energy Type
Over the last several decades, the advent of independent producers and new technology has fuelled competition in the power sector, promoting the growth of wind energy and a more market-based electrical business. Other factors, such as rigid fixed-price-protected markets for wind in several countries, including those with feed-in-tariffs (FITs), have attracted small and large producers to seek the benefits and risk of negotiating better selling prices in the open market, where they deal directly with wholesale suppliers or through power trading exchanges. For instance, EPEX SPOT created by the European Cross-Border Intraday (XBID) trading platform in response to the need for an integrated and dynamic intraday market. The platform provides real-time data which enables decisions to be made as late as 15 minutes before gate closure. This allows traders to manage their intraday positions with high level of granularity, reducing the penalty imposed by power generation discrepancies between real and scheduled.
Government Initiatives to be the Driving Factor for the Growth of Renewable Energy Trading Market in Asia Pacific.
Asia Pacific region is estimated to be the fastest growing region in the global renewable energy trading market. Asia-Pacific region is making steps toward a low-carbon future. Renewable energy development has gained grip in the region and is now in the mainstream, especially in the power generating sector. Over half of total world’s energy consumption is used in Asia-Pacific, with fossil fuels accounting for 85%. Market mechanisms improve these problems by allowing consumers to buy energy depending on their needs. This has resulted in an energy trading platform that can adjust to grid members' variable demand and supply. Energy trading platforms have enabled participants to take an active role in the management of their local energy systems, allowing them to manage their energy consumption according to their preferences and in line with their sustainability goals without relying on third parties to absorb marginal trade benefits. Governments in the area are catching up with market trends, and some are actively seeking to construct a renewable energy investment pipeline, which projects potential growth benefits for global renewable energy trading market over the period of next eight years.
The key market participants operating in the global renewable energy trading market are:
- BKW
- EnHelix
- GMR Group
- Hitachi ABB Power Grids+Pioneer Solutions LLC
- Indian Energy Exchange
- LevelTen Energy
- NEXTRA
- Power Ledger
- Power2Peer
- TRAFIGURA
- WePower
- Other Market Participants
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Global Renewable Energy Trading Market
By Component
- Products and Solutions
- Services
By Organization Size
- Large Enterprises
- Small and Medium Enterprises
By Energy Type
- Solar
- Wind
- Power Storage and Geo
- Battery
- Green hydrogen
- Others
By End User
- Industrial and Commercial
- Power Producers, Suppliers and Aggregators
- Public Utility, Off-grid mines and electricity trading
- Transportation
- Chemicals
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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