Logistics Automation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028) - Yahoo Finance

The global renewable energy market is projected to reach 3368.32 GW by the end of this year with a CAGR of about 7.083% during the forecast period. The market was negatively impacted by COVID-19 in 2020 but has now recovered. The market is driven by favorable government policies and declining prices of solar panels and wind turbines. Hydropower is expected to dominate the market, with the Asia-Pacific region leading in renewable energy deployment. China and India are major contributors to renewable energy in the region.

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