Table of Content

1 INTRODUCTION 10
1.1 COVID-19 HEALTH ASSESSMENT 10
1.2 COVID-19 ECONOMIC ASSESSMENT 12
1.2.1 COVID-19 IMPACT ON THE ECONOMY?SCENARIO ASSESSMENT 13

2 COVID-19 IMPACT ON RENEWABLE ENERGY ECOSYSTEM 16
2.1 VALUE CHAIN OF THE RENEWABLE INDUSTRY 16
2.2 IMPACT ON VALUE CHAIN 16
2.2.1 RAW MATERIAL/SUPPLIERS 16
2.2.2 MANUFACTURING 17
2.2.3 TRANSPORT AND LOGISTICS 17
2.2.4 INSTALLATION 17
2.2.5 GRID-CONNECTION 18
2.2.6 OPERATION AND MAINTENANCE 18
2.3 MACROECONOMIC INDICATORS 19
2.3.1 DRIVERS 19
2.3.1.1 Contraction in oil consumption due to COVID-19 is expected to drive the renewable energy market 19
2.3.2 CHALLENGES 19
2.3.2.1 Increasing project cost due to shortage of parts used in large-scale renewable projects 19

3 CUSTOMER ANALYSIS 20
3.1 SHIFT IN SOLAR POWER PRODUCERS 20
3.1.1 DISRUPTION IN THE INDUSTRY 20
3.1.2 KEY INITIATIVES TO MITIGATE/REDUCE THE IMPACT AND TO RESUME/IMPROVE PRODUCTION 20
3.1.3 SOLAR ENERGY SUPPLY CHAIN 20
3.1.3.1 Raw materials/suppliers 20
3.1.3.2 Manufacturers 21
3.1.3.3 Solar energy producers & installers 21
3.1.3.4 End users 21
3.1.4 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES 21
3.2 SHIFT IN WIND ENERGY PRODUCERS 22
3.2.1 DISRUPTION IN THE INDUSTRY 22
3.2.2 KEY INITIATIVES TO MITIGATE/REDUCE THE IMPACT AND RESUME/IMPROVE PRODUCTION 22
3.2.3 WIND ENERGY SUPPLY CHAIN 22
3.2.3.1 Raw materials/suppliers 22
3.2.3.2 Manufacturers 23
3.2.3.3 Wind energy producers & installers 23
3.2.3.4 End users 23
3.2.4 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES 23

4 DISRUPTIONS IN THE RENEWABLE ENERGY MARKET 24
4.1 BIGGEST GAINERS AND LOSERS BY TECHNOLOGY 24
4.1.1 SOLAR 24
4.1.2 WIND 24
4.2 BIGGEST GAINERS AND LOSERS BY END USER 24
4.2.1 UTILITIES/POWER PRODUCERS 24
4.2.2 CAPTIVE (COMMERCIAL, INDUSTRIAL, AND RESIDENTIAL) 25

5 SHORT TERM STRATEGIES OF RENEWABLE ENERGY COMPANIES
DUE TO COVID-19 IMPACT 26
5.1 IMPACT ON SOLAR ENERGY COMPANIES PORTFOLIO 26
5.1.1 PRODUCT AND APPLICATION 26
5.1.2 REGION 26
5.2 IMPACT ON WIND ENERGY COMPANIES PORTFOLIO 26
5.2.1 PRODUCT AND APPLICATION 26
5.2.2 REGION 27
5.3 WINNING STRATEGIES TO GAIN MARKET SHARE 27
5.3.1 SHORT TERM STRATEGIES 27
5.3.2 LONG TERM STRATEGIES 27

6 IMPACT OF COVID-19 ON THE RENEWABLE ENERGY MARKET,
BY TECHNOLOGY TYPE 28
6.1 INTRODUCTION 28
6.2 SOLAR 28
6.3 WIND 29
6.4 OTHERS 30

7 IMPACT OF COVID-19 ON THE RENEWABLE ENERGY MARKET, BY END USER 31
7.1 INTRODUCTION 31
7.2 UTILITIES/POWER PRODUCERS 31
7.3 CAPTIVE 32
7.3.1 COMMERCIAL 33
7.3.2 INDUSTRIAL 34
7.3.3 RESIDENTIAL 34
_

8 IMPACT OF COVID-19 ON THE RENEWABLE ENERGY MARKET, BY REGION 35
8.1 INTRODUCTION 35
8.1.1 OPTIMISTIC SCENARIO 35
8.1.2 REALISTIC SCENARIO 36
8.1.3 PESSIMISTIC SCENARIO 36
8.2 NORTH AMERICA 37
8.3 EUROPE 39
8.4 ASIA PACIFIC 41
8.5 SOUTH AMERICA 43
8.6 MIDDLE EAST & AFRICA 45
8.7 RECENT DEVELOPMENTS RELATED TO RENEWABLE ENERGY MARKET DURING
COVID-19 PANDEMIC 47

9 APPENDIX 48
9.2 AUTHOR DETAILS 50



List of Figures



FIGURE 1 COVID-19 THE GLOBAL PROPAGATION 10
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 11
FIGURE 3 COUNTRIES BEGIN WITH SIMILAR TRAJECTORIES BUT CURVES DEVIATE BASED ON MEASURES TAKEN 12
FIGURE 4 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 12
FIGURE 5 CRITERIA IMPACTING THE GLOBAL ECONOMY 13
FIGURE 6 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 14
FIGURE 7 RENEWABLE ENERGY VALUE CHAIN 16

 

List of Tables



TABLE 1 RENEWABLE ENERGY MARKET SIZE, BY TECHNOLOGY TYPE 2019–2021 (USD MILLION) 28
TABLE 2 SOLAR: RENEWABLE ENERGY MARKET, BY REGION, 2019–2021 (USD MILLION) 29
TABLE 3 WIND: RENEWABLE ENERGY MARKET, BY REGION, 2019–2021 (USD MILLION) 29
TABLE 4 OTHERS: RENEWABLE ENERGY MARKET, BY REGION, 2019–2021 (USD MILLION) 30
TABLE 5 RENEWABLE ENERGY MARKET SIZE, BY END USER, 2019–2021 (USD MILLION) 31
TABLE 6 UTILITIES/POWER PRODUCERS: RENEWABLE ENERGY MARKET BY REGION, 2019–2021 (USD MILLION) 32
TABLE 7 CAPTIVE: RENEWABLE ENERGY MARKET, BY REGION, 2019–2021 (USD MILLION) 32
TABLE 8 CAPTIVE: RENEWABLE ENERGY MARKET, BY CAPTIVE END USER 2019–2021 (USD MILLION) 33
TABLE 9 CAPTIVE: COMMERCIAL RENEWABLE ENERGY MARKET, BY REGION 2019–2021 (USD MILLION) 33
TABLE 10 CAPTIVE: INDUSTRIAL RENEWABLE ENERGY MARKET, BY REGION 2019–2021 (USD MILLION) 34
TABLE 11 CAPTIVE: RESIDENTIAL RENEWABLE ENERGY MARKET, BY REGION 2019–2021 (USD MILLION) 34
TABLE 12 OPTIMISTIC SCENARIO: RENEWABLE ENERGY MARKET SIZE, BY REGION 2019–2021 (USD MILLION) 35
TABLE 13 REALISTIC SCENARIO: RENEWABLE ENERGY MARKET SIZE, BY REGION 2019–2021 (USD MILLION) 36
TABLE 14 PESSIMISTIC SCENARIO: RENEWABLE ENERGY MARKET SIZE, BY REGION 2019–2021 (USD MILLION) 37
TABLE 15 NORTH AMERICA: RENEWABLE ENERGY MARKET SIZE, BY TECHNOLOGY TYPE, 2019–2021 (USD MILLION) 37
TABLE 16 NORTH AMERICA: RENEWABLE ENERGY MARKET SIZE, BY END USER 2019–2021 (USD MILLION) 38
TABLE 17 NORTH AMERICA: CAPTIVE RENEWABLE ENERGY MARKET SIZE, BY CAPTIVE END USER, 2019–2021 (USD MILLION) 38
TABLE 18 NORTH AMERICA: RENEWABLE ENERGY MARKET SIZE, BY COUNTRY 2019–2021 (USD MILLION) 38
TABLE 19 EUROPE: RENEWABLE ENERGY MARKET SIZE, BY TECHNOLOGY TYPE 2019–2021 (USD MILLION) 39
TABLE 20 EUROPE: RENEWABLE ENERGY MARKET SIZE, BY END USER 2019–2021 (USD MILLION) 39
TABLE 21 EUROPE: CAPTIVE RENEWABLE ENERGY MARKET SIZE, BY CAPTIVE END USER, 2019–2021 (USD MILLION) 40
TABLE 22 EUROPE: RENEWABLE ENERGY MARKET SIZE, BY COUNTRY 2019–2021 (USD MILLION) 40
TABLE 23 ASIA PACIFIC: RENEWABLE ENERGY MARKET SIZE, BY TECHNOLOGY TYPE 2019–2021 (USD MILLION) 41
TABLE 24 ASIA PACIFIC: RENEWABLE ENERGY MARKET SIZE, BY END USER 2019–2021 (USD MILLION) 41
TABLE 25 ASIA PACIFIC: CAPTIVE RENEWABLE ENERGY MARKET SIZE, BY CAPTIVE END USER, 2019–2021 (USD MILLION) 42
TABLE 26 ASIA PACIFIC: RENEWABLE ENERGY MARKET SIZE, BY COUNTRY 2019–2021 (USD MILLION) 42
TABLE 27 SOUTH AMERICA: RENEWABLE ENERGY MARKET SIZE, BY TECHNOLOGY TYPE, 2019–2021 (USD MILLION) 43
TABLE 28 SOUTH AMERICA: RENEWABLE ENERGY MARKET SIZE, BY END USER 2019–2021 (USD MILLION) 43
TABLE 29 SOUTH AMERICA: CAPTIVE RENEWABLE ENERGY MARKET SIZE, BY CAPTIVE END USER, 2019–2021 (USD MILLION) 44
TABLE 30 SOUTH AMERICA: RENEWABLE ENERGY MARKET SIZE, BY COUNTRY 2019–2021 (USD MILLION) 44
TABLE 31 MIDDLE EAST & AFRICA: RENEWABLE ENERGY MARKET SIZE, BY TECHNOLOGY TYPE, 2019–2021 (USD MILLION) 45
TABLE 32 MIDDLE EAST & AFRICA: RENEWABLE ENERGY MARKET SIZE, BY END USER, 2019–2021 (USD MILLION) 45
TABLE 33 MIDDLE EAST & AFRICA: CAPTIVE RENEWABLE ENERGY MARKET SIZE, BY CAPTIVE END USER, 2019–2021 (USD MILLION) 45
TABLE 34 MIDDLE EAST & AFRICA: RENEWABLE ENERGY MARKET SIZE, BY COUNTRY 2019–2021 (USD MILLION) 46