Press Releases

The Global Renewable Energy Market size was valued at USD 1002.8 billion in 2023. It is likely to grow up to USD 1900.4 billion by 2030 at a CAGR of 8.3% during the forecast period ranging between 2025 and 2030.

Renewable energy is mainly derived from water, sunlight and wind. It is also produced from biomass. The main objective is to eliminate the use and sole reliance on fossil fuels, which is rapidly diminishing worldwide and replaceenergy naturally. The primary benefits of using renewable energy includes lower carbon emissions that help address issues due to changes in climatic conditions. The expansion of the global renewable energy market is the result of the declining cost of operation in manufacturing renewable energy. This is the direct benefit offered by the tech developments and their integration. Tax rebates and subsidies along with favorable carbon pricing systems promote investments in renewable and clean energy sector with countries phasing out traditional methods and adopting renewable energy to meet their sustainability and carbon commitments. However, Intermittency is one major problem with renewable energy sources which hinders widespread adoption and growth of global renewable energy market. 

Browse market data Tables and Figures spread through 142 Pages and in-depth TOC on Global Renewable Energy Market By Energy Source (Wind, Hydro, Solar, Geothermal, and Bioenergy), By Technology (Wind Turbines, Concentrated Solar Power (CSP), Photovoltaics, Bioenergy Conversion, Energy Storage, and Hydroelectric Systems), By End Use (Industrial, Residential, Commercial, and Utility), By Application (Transportation, Power Generation, Heating and Cooling) and By Geography (North America, Europe, Asia Pacific and Rest of the World) - Forecast from 2025 to 2030.

Global Renewable Energy Market Segmentation and Key Players

By energy source, wind and solar energy dominated the global renewable energy market.  

The the solar as well as the solar energy segments are likely to rule the market through the projected period largely because of the greater efficiency and reduced cost of operations. It is further fortified with the supportive incentives from the governments worldwide.

"North America dominates the global renewable energy market." 

North America leads the global renewable energy market and promises to grow more during the projected period due to greater focus and development in storage systems.

Some of the key players in this market are NextEra Energy, Iberdrola and Siemens Gamesa Renewable Energy, Neoenof, ACEN Corporation, Vestas Wind Systems, Encavis AG, Enel Green Power, Sembcorp Industries, Brookfield Renewable Partners

Recent Developments By the Key Players

NextEra Energy Resources, a subsidiary of NextEra Energy, entered into a joint development agreement with Entergy to accelerate the development of up to 4.5 gigawatts (GW) of solar generation and energy storage projects. 

Neoen commenced construction on the Arneburg Battery, its inaugural energy storage system (ESS) in Germany. This project marks a strategic entry into the German market, aiming to enhance grid stability and support renewable energy integration.

The Global Renewable Energy Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Global Renewable Energy Market  coverage (By Value)

• Energy Source Insight and Forecast 2025 - 2030
  • Wind
  • Hydro
  • Solar
  • Geothermal
  • Bioenergy

• Wind Technology Insight and Forecast 2025 - 2030
  • Wind Turbines
  • Concentrated Solar Power (CSP)
  • Photovoltaics
  • Bioenergy Conversion
  • Energy Storage
  • Hydroelectric Systems
• End Use Insight and Forecast 2025 - 2030
  • Industrial
  • Residential
  • Commercial
  • Utility
• Application Insight and Forecast 2025 - 2030
  • Transportation
  • Power Generation
  • Heating and Cooling

Geographical Segmentation

Global Renewable Energy Market by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Vietnam
  • Thailand
  • Malaysia
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries