Alternative Energy Market Exploring Future Growth 2021 - 2031

Technotrends07 Jun, 2023News

In 1860, the world’s first solar energy system was invented by French investor Augustin Mouchot. According to inventor predictions, one day coal supply would run out and there will be need for alternative energy source. The idea of alternative energy is very ancient and evolved slowly across the centuries and has given birth to various curious devices. The alternative energy market was valued at $1.1 trillion in 2021, and is projected to reach $3.2 trillion by 2031, growing at a CAGR of 10.3% from 2022 to 2031.