The electricity generation market was valued at approximately *** trillion U.S. dollars in 2023. The market is forecast to grow at a compound annual growth rate of *** percent between 2024 and 2031, and surpass **** trillion U.S. dollars by 2030. The Asia-Pacific region leads the way, accounting for more than half of the global electricity generation market's worth during the analyzed time period. More information on the global electricity generation market value can be found here.

The global energy storage market is forecast to grow at an average compound annual growth rate of **** percent between 2020 and 2027. The size of the sector, estimated at **** billion U.S. dollars in 2021, is projected to surpass ** billion U.S. dollars in 2025.

Graph and download economic data for Global price of Energy index (PNRGINDEXM) from Jan 1992 to Jun 2025 about energy, World, indexes, and price.

In 2024, hydropower generation worldwide stood at 4.4 petawatt hours. This was the largest source of renewable energy worldwide, followed by wind and solar. Wind power generation stood at 2.5 petawatt hours that year.

The global renewable energy market is expected to continue its upward growth over the next years. According to the Group Next Move Strategy Consulting, the market will reach over two trillion U.S. dollars by 2030. Environmental concerns regarding fossil fuels, rapid urbanization, and economic growth in emerging regions are all major factors that are contributing to the projected market growth.

Energy Storage Market size is valued at nearly USD 58.41 Billion in 2024 & is predicted to reach about USD 114.01 Billion by 2030, at 14.31% CAGR.

Table of Contents

• Energy-as-a-Service Market Overview:
• Global Energy as A Service Market Scope:
• Кеу Маrkеt Ѕеgmеntѕ
• Market Dynamics:
• Regional Analysis
• Key Regions and Countries covered іn thе rероrt:
• Market Share & Key Players Analysis:
• Маrkеt Кеу Рlауеrѕ:

Energy-as-a-Service Market Overview:

Global energy as service market value was USD 62,357 million in 2021. This market is expected to grow at a CAGR of 8.5% between 2023-2032.

Some of the reasons for the growth include an increase in Distributed Energy Resources and tax benefits for projects that improve energy efficiency, new revenue streams, and lower costs for renewable power generation. Growth is driven by price volatility and growing energy consumption. Businesses have begun to look for sustainable energy sources. This is expected to positively affect the growth. Read More

Energy Consulting Market size was valued at around USD 16 billion in 2024 and is projected to reach USD 21 billion by 2030 with a CAGR of around 5%.

Energy Valuation Service Market Outlook

The global energy valuation service market size was valued at approximately USD 3.5 billion in 2023 and is projected to grow to USD 6.9 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.8%. The primary growth factors driving this market include the increasing complexity of energy markets, heightened regulatory scrutiny, and the growing demand for renewable energy sources, which necessitate comprehensive and accurate valuation services.

One of the significant growth drivers for the energy valuation service market is the rising complexity of energy markets. With the integration of renewable energy sources, energy storage solutions, and smart grid technologies, the energy market landscape has become increasingly intricate. This complexity requires precise valuation services to assess the economic viability and financial integrity of various energy assets. As companies navigate this complexity, the demand for expert valuation services is expected to escalate significantly.

Another crucial factor contributing to the market's growth is the increasing regulatory scrutiny within the energy sector. Governments and regulatory bodies worldwide are implementing stringent regulations to ensure transparency, sustainability, and efficiency in energy production and consumption. This heightened regulatory environment necessitates accurate and comprehensive valuation of energy assets to comply with reporting standards and to facilitate informed decision-making by stakeholders. Consequently, the demand for specialized energy valuation services is expected to grow in tandem with the evolving regulatory landscape.

Moreover, the growing emphasis on renewable energy sources is propelling the need for energy valuation services. As the world shifts towards sustainable energy solutions, investments in renewable energy projects are surging. However, renewable energy assets, such as wind farms, solar panels, and hydroelectric plants, pose unique valuation challenges due to their variable nature and technological advancements. Professional valuation services are essential to accurately assess these assets' economic potential and investment risks, further driving market growth.

Regionally, North America and Europe are expected to dominate the energy valuation service market, owing to their advanced energy infrastructure and rigorous regulatory frameworks. The Asia Pacific region is also anticipated to witness substantial growth, driven by rapid industrialization, urbanization, and increasing investments in renewable energy projects. Latin America, along with the Middle East & Africa, is likely to see moderate growth due to their emerging energy sectors and ongoing infrastructural developments. Each region presents unique opportunities and challenges that will shape the market dynamics in the coming years.

Service Type Analysis

Asset Valuation Analysis

Asset valuation services form a critical segment within the energy valuation service market. These services involve a detailed assessment of physical assets, such as power plants, oil rigs, wind farms, and solar panels, to determine their current market value. The increasing complexity of energy assets, driven by technological advancements and the integration of renewable energy sources, has heightened the demand for precise asset valuation services. Companies are increasingly relying on these services to make informed investment decisions, optimize asset portfolios, and comply with regulatory requirements.

The need for asset valuation is particularly pronounced in the oil & gas sector, where assets are subject to significant market fluctuations and geopolitical risks. Accurate valuation of these assets is crucial for financial reporting, mergers and acquisitions, and investment analysis. Similarly, in the renewable energy sector, asset valuation services play a vital role in assessing the economic viability of projects, securing financing, and evaluating long-term returns. As the energy market continues to evolve, the demand for specialized asset valuation services is expected to grow robustly.

Moreover, advancements in valuation methodologies and the adoption of sophisticated analytical tools are enhancing the accuracy and reliability of asset valuation services. Techniques such as discounted cash flow analysis, comparable market analysis, and real options valuation are being increasingly utilized to provide comprehensive assessments. These advancements are enabling companies to gain

In 2023, the Power Generation Market reached a value of USD 1667.57 billion, and it is projected to surge to USD 2895.19 billion by 2030.

Global green energy market worth at USD 129.09 billion in 2024, is expected to surpass USD 534.17 billion by 2034, with a CAGR of 15.26% from 2025 to 2034.

Solar Energy Market Outlook

According to our latest research, the global solar energy market size reached USD 250.7 billion in 2024, reflecting robust adoption and investment trends across key regions. The market is anticipated to expand at a remarkable CAGR of 8.9% during the forecast period, with the total market value projected to reach USD 534.6 billion by 2033. This substantial growth is primarily driven by the ongoing global transition toward renewable energy sources, supportive government policies, and technological advancements that continue to reduce the cost of solar installations.

One of the most significant growth factors fueling the solar energy market is the increasing global emphasis on decarbonization and the urgent need to address climate change. Many countries have set ambitious targets to reduce greenhouse gas emissions, which has led to a surge in investments in renewable energy infrastructure, particularly in solar power. Solar energy is recognized for its scalability and versatility, allowing for deployment in diverse settings ranging from residential rooftops to large-scale utility projects. Furthermore, the declining cost of solar photovoltaic modules and associated components has made solar power increasingly competitive with traditional fossil fuels, further accelerating its adoption worldwide. As a result, the solar energy market is experiencing unprecedented growth, with new installations and capacity additions consistently breaking records year over year.

Another critical driver for the solar energy market is the growing demand for energy independence and security. As geopolitical tensions and supply chain disruptions continue to impact global energy markets, nations and enterprises are seeking to diversify their energy portfolios and reduce reliance on imported fossil fuels. Solar energy, being abundant and locally sourced, offers a compelling solution to these challenges. In addition to energy security, solar power provides economic benefits by creating jobs across the value chain, from manufacturing and installation to maintenance and operations. The proliferation of distributed solar systems, enabled by advancements in smart grid technologies and energy storage solutions, is further boosting market growth by empowering consumers and businesses to generate and manage their own electricity.

Technological innovation remains at the forefront of the solar energy market's expansion. Breakthroughs in photovoltaic cell efficiency, the development of bifacial and thin-film panels, and the integration of artificial intelligence for system optimization are all contributing to enhanced performance and reduced levelized cost of electricity (LCOE). The emergence of new business models, such as solar leasing and power purchase agreements (PPAs), is also lowering the barriers to entry for residential and commercial customers. As a result, solar energy is becoming accessible to a broader segment of the population, driving growth across both mature and emerging markets. Additionally, the integration of solar with energy storage and electric vehicle (EV) infrastructure is opening up new avenues for market expansion and value creation.

From a regional perspective, the Asia Pacific region continues to dominate the solar energy market, accounting for the largest share of global installations and capacity additions. China, India, and Japan are leading the charge with aggressive deployment targets and substantial investments in solar infrastructure. North America and Europe are also experiencing strong growth, driven by favorable policy frameworks, technological innovation, and increasing consumer awareness. Meanwhile, emerging markets in Latin America, the Middle East, and Africa are witnessing rapid uptake of solar solutions, supported by abundant solar resources and growing electricity demand. Each region presents unique opportunities and challenges, shaping the overall trajectory of the global solar energy market.

Technology Analysis

The solar energy market is primarily segmented by technology into pho

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Electricity Trading Market Size 2025-2029

The electricity trading market size is forecast to increase by USD 123.5 billion at a CAGR of 6.5% between 2024 and 2029.

The market is witnessing significant growth due to several key trends. The integration of renewable energy sources, such as solar panels and wind turbines, into the grid is a major driver. Energy storage systems are increasingly being adopted to ensure a stable power supply from these intermittent sources. Concurrently, the adoption of energy storage systems addresses key challenges like intermittency, enabling better integration of renewable sources, and bolstering grid resilience. Self-generation of electricity by consumers through microgrids is also gaining popularity, allowing them to sell excess power back to the grid. The entry of new players and collaborations among existing ones are further fueling market growth. These trends reflect the shift towards clean energy and the need for a more decentralized and efficient electricity system.

What will be the Size of the Electricity Trading Market During the Forecast Period?

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The market, a critical component of the global energy industry, functions as a dynamic interplay between wholesale energy markets and traditional financial markets. As a commodity, electricity is bought and sold through various trading mechanisms, including equities, bonds, and real-time auctions. The market's size and direction are influenced by numerous factors, such as power station generation data, system operator demands, and consumer usage patterns. Participants in the market include power station owners, system operators, consumers, and ancillary service providers. Ancillary services, like frequency regulation and spinning reserves, help maintain grid stability. Market design and news reports shape the market's evolution, with initiatives like the European Green Paper and the Lisbon Strategy influencing the industry's direction towards increased sustainability and competition.
Short-term trading, through power purchase agreements and power distribution contracts, plays a significant role in the market's real-time dynamics. Power generation and power distribution are intricately linked, with the former influencing the availability and price of electricity, and the latter affecting demand patterns. Overall, the market is a complex, ever-evolving system that requires a deep understanding of both energy market fundamentals and financial market dynamics.

How is this Electricity Trading Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Day-ahead trading
  Intraday trading


Application

  Industrial
  Commercial
  Residential


Source

  Non-renewable energy
  Renewable energy


Geography

  Europe

    Germany
    UK
    France
    Italy
    Spain


  APAC

    China
    India
    Japan
    South Korea


  North America

    US


  South America



  Middle East and Africa

By Type Insights

The day-ahead trading segment is estimated to witness significant growth during the forecast period.

Day-ahead trading refers to the voluntary, financially binding forward electricity trading that occurs in exchanges such as the European Power Exchange (EPEX Spot) and Energy Exchange Austria (EXAA), as well as through bilateral contracts. This process involves sellers and buyers agreeing on the required volume of electricity for the next day, resulting in a schedule for everyday intervals. However, this schedule is subject to network security constraints and adjustments for real-time conditions and actual electricity supply and demand. Market operators, including ISOs and RTOs, oversee these markets and ensure grid reliability through balancing and ancillary services. Traders, including utilities, energy providers, and professional and institutional traders, participate in these markets to manage price risk, hedge against price volatility, and optimize profitability.

Key factors influencing electricity prices include weather conditions, fuel prices, availability, construction costs, and physical factors. Renewable energy sources, such as wind and solar power, also play a growing role in these markets, with the use of Renewable Energy Certificates and net metering providing consumer protection and incentives for homeowners and sustainable homes. Electricity trading encompasses power generators, power suppliers, consumers, and system operators, with contracts, generation data, and power station dispatch governed by market rules and regulations.

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The day-ahead trading

Table of Contents

• Energy Storage for Renewable Energy Grid Integration (ESRI) Market Scope:

The report on Energy Storage for Renewable Energy Grid Integration (ESRI) Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global energy storage for renewable energy grid integration (esri) market is segmented on the basis of type, application, and geography. The worldwide market for Energy Storage for Renewable Energy Grid Integration (ESRI) Market is expected to grow at a CAGR of roughly x.x% over the next ten years, and will reach US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018, according to a new Market.us (Prudour Research) study.

Energy Storage for Renewable Energy Grid Integration (ESRI) Market Scope:

By type, the market is segmented into Li-ion battery, Lead acid battery, and Others. By application, the market is divided into Agriculture, Construction, Power And Water Utility, Real Estate, Journalism, Cinematography, Transportation, and Energy Sector. Read More

The forecast for the global Energy Harvesting market predicts substantial growth, with market size projected to soar to USD 3.63 Billion by 2033, a significant increase from the USD 1.23 Billion recorded in 2024. This expansion reflects an impressive compound annual growth rate (CAGR) of 12.74% anticipated between 2025 and 2033.

The Global Energy Harvesting market size to cross USD 3.63 Billion b

The global market for this sector was estimated to reach around USD 42 billion in the year 2023 growing at a steady pace. It grew by 4.2% YOY in 2024 reaching USD 43.7 billion. This market is anticipated to grow to USD 45.5 billion by 2025. The sales of global energy supplements are predicted to grow at a CAGR of 4.7% during the period of 2025 to 2035, achieving a dollar value of USD 72 billion by the end of the aforementioned period.

Attributes	Description
Estimated Industry Size (2025E)	USD 45.5 billion
Projected Industry Value (2035F)	USD 72 billion
Value-based CAGR (2025 to 2035)	4.7%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	4.2%
H2 (2024 to 2034)	4.5%
H1 (2025 to 2035)	4.6%
H2 (2025 to 2035)	4.7%

Country-wise Insights

Countries	CAGR (2025 to 2035)
USA	5.1%
Germany	4.8%
China	4.5%
Japan	4.3%
India	5.3%

Category-Wise Insights

Segment	Value Share (2025)
Drinks (By Product Type)	38.7%

Segment	Value Share (2025)
Kids/Infants (By End-user)	25.4%

The global market value of the energy ingredients market was USD 23.4 billion in 2023. The market for energy ingredients increased 12.8% last year in 2024, and that would place the market globally at USD 26.4 billion in 2025. Global revenues during 2025 to 2035 will be estimated to expand at a 6.7% CAGR, reaching a market size of USD 50.5 billion at the final year of 2035.

Attribute	Description
Estimated Global Energy Ingredients Industry Size (2025E)	USD 26.4 billion
Projected Global Energy Ingredients Industry Value (2035F)	USD 50.5 billion
Value-based CAGR (2025 to 2035)	6.7%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	6.4%
H2 (2024 to 2034)	6.5%
H1 (2025 to 2035)	6.5%
H2 (2025 to 2035)	6.7%

Country-Wise Insights

Countries	CAGR, 2025 to 2035
USA	7.5%
Germany	4.9%
China	5.2%
Japan	3.4%
India	6.8%

Category-Wise Insights

Segment	Value Share (2025)
Energy Beverages & Sports Nutrition (By Application)	73.1%

Segment	Value Share (2025)
Dietary Supplements, Nootropics & Functional Foods (By Application)	26.9%

The global Energy as a Service Market to grow from USD 83.44 Billion in 2025 to USD 237.01 Billion by 2034, at a CAGR of 12.3% during the forecast period.

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Renewable Energy Market Size 2025-2029

The renewable energy market size is valued to increase USD 2266.2 billion, at a CAGR of 9.6% from 2024 to 2029. Rise in global energy demand will drive the renewable energy market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 76% growth during the forecast period.
By End-user - Residential segment was valued at USD 1934.50 billion in 2023
By Type - Hydropower segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 108.95 billion
Market Future Opportunities: USD 2266.20 billion
CAGR : 9.6%
APAC: Largest market in 2023

Market Summary

The market encompasses the production and utilization of electricity from renewable sources, such as solar, wind, hydro, and biomass. This dynamic market is driven by the rising global energy demand and the increasing popularity of clean energy technologies as a competitive alternative to traditional energy sources. According to recent reports, renewable energy sources accounted for approximately 27% of global electricity generation in 2020, with solar and wind energy leading the charge. However, the market faces challenges, including the intermittency of renewable energy sources and the high upfront costs of implementation.
Despite these hurdles, opportunities abound, particularly in the areas of energy storage solutions and grid integration. As the market continues to evolve, stakeholders can expect ongoing innovation and advancements in core technologies and applications, service types, and regulatory frameworks, with regional dynamics adding another layer of complexity.

What will be the Size of the Renewable Energy Market during the forecast period?

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How is the Renewable Energy Market Segmented and what are the key trends of market segmentation?

The renewable energy industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Residential
  Industrial
  Commercial


Type

  Hydropower
  Wind
  Solar
  Others


Deployment

  On-grid
  Off-grid


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

In the rapidly evolving energy landscape, the market is experiencing significant growth as businesses and residential sectors shift towards sustainable energy sources. Renewable energy production from biomass, wind, hydroelectric power, and solar photovoltaic systems has seen a notable increase, reducing carbon emissions by approximately 15% in 2020 compared to 2015 levels. Furthermore, the market is expected to expand further, with renewable energy investment projected to reach 30% of total energy investment by 2025. Energy audit methodologies, renewable energy certificates, and smart grids integration are crucial components driving the market's growth. Offshore wind farms, wave energy converters, and tidal energy conversion are gaining traction as promising new technologies, while grid stability analysis and energy storage systems ensure a reliable power supply.

The renewable energy sector is also witnessing advancements in onshore wind turbines, geothermal energy extraction, and concentrated solar power, among others. Moreover, the integration of demand-side management, battery energy storage, microgrids development, and pumped hydro storage into the energy infrastructure is essential for optimizing power system performance and ensuring grid modernization projects' success. The market's continuous evolution is essential in addressing the increasing energy demand while minimizing greenhouse gas emissions and promoting sustainable energy sources. In conclusion, the market is experiencing substantial growth, with a projected expansion in investment and production. The integration of various technologies and policies is crucial in ensuring a reliable, efficient, and sustainable energy future.

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The Residential segment was valued at USD 1934.50 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 76% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Renewable Energy Market Demand is Rising

Energy ESO Market Outlook

According to our latest research, the global Energy ESO market size reached USD 4.9 billion in 2024, reflecting a robust and expanding landscape. The market is expected to grow at a compelling CAGR of 8.4% from 2025 to 2033, reaching an estimated value of USD 10.1 billion by the end of the forecast period. This impressive growth trajectory is primarily driven by the increasing demand for energy optimization, integration of advanced analytics, and the rapid adoption of digital solutions across the energy sector. As per our latest research, the market’s upward momentum is underpinned by a confluence of technological advancements, regulatory support, and the global push towards sustainability and grid modernization.

The Energy ESO market is witnessing significant growth due to the widespread adoption of energy trading and risk management solutions. As energy markets become increasingly complex and volatile, organizations are investing in sophisticated ESO platforms to optimize trading strategies, mitigate risks, and ensure compliance with evolving regulatory frameworks. The integration of artificial intelligence, machine learning, and big data analytics into these solutions has enabled real-time decision-making, improved forecasting accuracy, and enhanced operational efficiency. Furthermore, the growing emphasis on renewable energy sources and decarbonization initiatives is compelling energy companies to seek out advanced ESO tools that can seamlessly integrate diverse energy portfolios and manage distributed energy resources effectively.

Another major growth driver for the Energy ESO market is the rising need for grid management and demand response management solutions. The proliferation of distributed energy resources, such as solar and wind, has introduced new challenges in grid stability, load balancing, and demand forecasting. ESO platforms are playing a pivotal role in enabling utilities and grid operators to monitor, control, and optimize grid operations in real time. The deployment of smart grids and advanced metering infrastructure is further accelerating the adoption of ESO solutions, as stakeholders seek to enhance grid resilience, reduce operational costs, and improve customer engagement. Additionally, the integration of IoT devices and edge computing capabilities is facilitating the development of more agile and responsive grid management systems.

The pursuit of energy efficiency and cost optimization across industrial, commercial, and residential sectors is also fueling the expansion of the Energy ESO market. Organizations are increasingly recognizing the value of energy analytics in identifying consumption patterns, detecting inefficiencies, and implementing targeted energy-saving measures. The growing awareness of sustainability goals and the need to comply with stringent environmental regulations are prompting end-users to invest in ESO solutions that support energy conservation and carbon footprint reduction. Moreover, the availability of flexible deployment models, including on-premises and cloud-based solutions, is enabling organizations of all sizes to access advanced ESO capabilities without substantial upfront investments.

Regionally, North America continues to dominate the Energy ESO market owing to its mature energy infrastructure, high adoption rate of digital technologies, and progressive regulatory environment. Europe follows closely, driven by ambitious renewable energy targets and grid modernization initiatives. The Asia Pacific region is emerging as a high-growth market, supported by rapid urbanization, industrialization, and government-led energy reforms. Latin America and the Middle East & Africa are also witnessing increasing investments in ESO solutions, particularly in response to energy diversification efforts and the need to enhance energy security. Overall, the global landscape for the Energy ESO market is characterized by dynamic shifts, with each region presenting unique opportunities and challenges for market participants.

Solution Type Analysis</h