The Japan Renewable Energy Market Report is Segmented by Technology (Solar Energy, Wind Energy, Hydropower, Bioenergy, Geothermal, and Ocean Energy) and End-User (Utilities, Commercial and Industrial, and Residential). The Market Sizes and Forecasts are Provided in Terms of Installed Capacity (GW).

In the fiscal year 2022, the final energy consumption of the business sector, including agriculture, manufacturing, and other services, amounted to approximately **** thousand exajoules, down from around **** thousand exajoules in the fiscal year 2013. The industrial and commercial sector accounted for most of the total final energy consumption in Japan.

In 2023, the carbon dioxide emissions of the energy industry in Japan amounted to around *** thousand kilotons of CO₂. The carbon dioxide emissions peaked in 2016 at around ***** thousand kilotons, but recent figures indicate a downward trend. To reduce its carbon footprint, Japan aims to increase the shares of nuclear and renewable energy it uses. The energy industry as the main CO₂ polluter In recent years, the largest sector to create CO2 emissions in Japan was the energy conversion sector, followed by the industry and the transportation sector. The main reason is that fossil fuels remain the largest sources in energy production.Tokyo represents the largest region to consume electricity. The capital is one of the world's most populated cities and the largest industrial region in Japan. Japan's efforts to restructure its energy sector Due to its own scarce natural resources, Japan is heavily dependent on fossil fuel imports to produce its energy. In order to reduce its energy insecurity and to reduce greenhouse gas emissions, Japan is currently working on restructuring its energy sector. The government aims to replace fossil fuels with renewables and nuclear energy to become entirely carbon-neutral by 2050. These measures are already showing an effect, as the primary energy self-sufficiency rate increased in recent years.

The Japan Power Market Report is Segmented by Power Generation Source (Thermal, Hydroelectric, Nuclear, and Renewable) and Power Transmission and Distribution. The Report Offers Market Sizes and Forecasts for Installed Capacity (GW) for all the Above Segments.

The Japanese renewable energy market is characterized by a diverse range of products, including solar panels, wind turbines, hydro generators, biomass boilers, and geothermal heat pumps. Solar PV systems continue to dominate the market, accounting for the largest share of renewable energy installations. Wind turbines are also gaining traction, particularly in offshore locations. Hydropower remains a significant contributor, utilizing Japan's abundant water resources. Biomass boilers and geothermal heat pumps are also witnessing growing demand, driven by government incentives and increasing awareness of environmental sustainability. Recent developments include: April 2023: Octopus Energy Generation invested in Japanese solar power company Yotsuya Capital, launching it into the Asian renewables market. The agreement aims to accelerate the country's energy transition. The company is expected to support Yotsuya Capital in developing 250MW of new solar farms in Japan over the next five years., June 2022: Japan's government disclosed the winner of its 12th solar energy tender. Pacifico Energy KK won the tender for the solar project with a capacity of 76.8 MW. The company was expected to offer a tariff of USD 0.073 per kWh. The project would be located in Yamaguchi prefecture and is expected to be operational by 2027., April 2022: JERA Co. Inc., one of the leading power companies, finalized a deal to develop a 1GW solar plant with West Holdings Corp., one of the top renewable engineering companies. The project was expected to be operational by 2025. The company would likely invest about USD 1.4 billion in the next three years.. Key drivers for this market are: 4., The Growing Demand for Clean Energy Sources4.; Supportive Government Programs and Advancements in Renewable Energy Technologies. Potential restraints include: 4., Increasing Penetration of Natural Gas for Power Generation. Notable trends are: Solar Energy Segment to Witness Significant Growth.

In the fiscal year 2023, around ** percent of electricity in Japan was generated from natural gas. Renewable energy accounted for almost ** percent of the electricity generation in the country, reaching a peak in the last decade.  Electricity market in Japan  In recent years, the Japanese electricity market was dominated by ten regional electricity companies. Competition remained limited since retailers of low voltage electricity mainly sell their product locally to homes and small shops.  The nuclear disaster in 2011 influenced the electricity market insofar that nuclear energy was replaced by fossil fuels such as natural gas and coal. Since Japan lacks domestic reserves of fossil fuels, it is heavily dependent on imports. This caused a decline in the self-sufficiency rate of primary energy, and an increase in electricity rates for homes shortly after the disaster.  Current energy policy in Japan  To be more independent of fossil fuel imports as well as to reduce its carbon footprint and electric power costs, Japan currently aims to replace fossil fuels with low carbon energies such as nuclear and renewable energy sources. To realize its climate goals, the Japanese government plans to reduce its greenhouse gas emissions by 46 percent, compared to the level of 2013, until 2030. Furthermore, it announced its intention for the country to be entirely emission-free by 2050. In recent years, the share of renewable energy in electricity production increased significantly, with solar and hydropower representing the largest renewable energy sources. Nevertheless, there was international criticism that Japan is unlikely to expand its renewable energy share sufficiently to achieve its climate goals for 2050.

The Japan Waste To Energy Market Report is Segmented by Technology (Physical, Thermal, and Biological).

The size of the Japan Wind Energy Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 13.60% during the forecast period. Recent developments include: In February 2023, Akita Offshore Wind Corporation announced the commencement of new offshore wind turbines in Noshiro Port. It is one of the first large-scale facilities in the country to begin commercially producing power. The project has 20 turbines, each of which can create 4,200 kilowatts of power, and they will generate up to 140 megawatts when combined, enough to power around 130,000 Japanese houses., In February 2023, Siemens Gamesa Renewable Energy S.A., a global provider of wind power solutions, entered into an agreement with Nippon Yūsen Kabushiki Kaisha (i.e., NYK Line), a Japanese shipping company for a crew transport vessel (CTV) for an offshore wind power generation facility. As per the agreement, the vessel will be engaged in transporting workers to the offshore wind power generation facility at Ishikari Bay New Port, which is scheduled to begin by the end of 2023.. Key drivers for this market are: 4., Increasing Investment in Upcoming Wind Power Projects4.; Favorable Government Policies. Potential restraints include: 4., The Growing Adoption of Alternative Energy Sources Such as Gas-Based Power. Notable trends are: Onshore Segment is Expected to Dominate the Market.

In the fiscal year 2023, the total electricity consumption in Japan amounted to around **** thousand petajoules, which was a decrease compared to the previous fiscal years. As a leading industrial nation, Japan has a high electricity demand for its production.  Leading industry of electricity consumption Within the industrial sector, manufacturing was the leading industry to consume electricity. Japan is one of the global leaders in the manufacturing industry, with major exports including automobiles, consumer electronics, and computers. Therefore, its industry accounted for most of the electricity demand.  Energy mix in Japan Natural gas and coal constituted the leading sources for electricity production. Historically, the country heavily depended on imports of oil, coal, and natural gas. Therefore, Japan's current energy policy aims to diversify its energy mix, including renewable and nuclear energy, to secure a stable energy supply, reduce electric power costs, and decrease carbon dioxide emissions. The share of the electricity production from renewable sources is currently at around ** percent, with the main renewable sources being solar and hydropower. The Japanese government plans to increase the share of renewable energy significantly in order for the country to become carbon neutral by 2050.

Japan JP: Renewable Energy Consumption: % of Total Final Energy Consumption data was reported at 6.297 % in 2015. This records an increase from the previous number of 5.625 % for 2014. Japan JP: Renewable Energy Consumption: % of Total Final Energy Consumption data is updated yearly, averaging 4.040 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 6.297 % in 2015 and a record low of 3.568 % in 1994. Japan JP: Renewable Energy Consumption: % of Total Final Energy Consumption data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank: Energy Production and Consumption. Renewable energy consumption is the share of renewables energy in total final energy consumption.; ; World Bank, Sustainable Energy for All (SE4ALL) database from the SE4ALL Global Tracking Framework led jointly by the World Bank, International Energy Agency, and the Energy Sector Management Assistance Program.; Weighted Average;

The Report Covers Japan Wind Energy Farms and Developments and is Segmented by Location Of Deployment (Onshore and Offshore). The Report Offers the Market Size and Forecasts for the Japan Wind Energy Market in Giga-Watt (GW) for all the above Segments.

Japan Renewable Energy Market size was valued at USD 79.81 Billion in 2023 and is projected to reach USD 132.09 Billion by 2031, growing at a CAGR of 6.5% from 2024 to 2031.

Japan Renewable Energy Market: Definition/ Overview

Renewable energy is defined as energy obtained from naturally replenished resources such as solar, wind, hydropower, geothermal, and biomass. These sources offer sustainable alternatives to fossil fuels, thereby reducing greenhouse gas emissions and mitigating climate change. Renewable energy is widely used in electricity generation, heating, and transportation, providing power for households, businesses, and industries while encouraging environmental sustainability. As technology progresses and global demand for clean energy rises, the future of renewable energy looks bright, with more investment, advancements in energy storage, and the development of smart grids driving growth.

The Japan Solar Energy Market Report is Segmented by Deployment (Rooftop, Ground-Mounted, Floating Solar, and Building-Integrated PV), Application (Residential, Commercial and Industrial, Utility-Scale, and Agrivoltaics), and Component (PV Modules Inverters, Mounting and Tracking Systems, Balance-Of-System, and Co-Located Battery Storage). The Market Size and Forecasts are Provided in Terms of Installed Capacity (GW).

Forecast: Energy Consumption in Industry in Japan 2023 - 2027 Discover more data with ReportLinker!

The Japan Solar Energy Market size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 9.20">> 9.20 % during the forecasts periods. Recent developments include: In February 2022, US-based Enfinity Global acquired a USD 1 billion utility-scale solar photovoltaic (PV) power portfolio in Japan., In February 2022, X-Elio closed a financing deal for its Sodegaura solar PV plant in Japan with Societe Generale and ING. The funding will be used for the construction, operation, and management of the 16MW Sodegaura solar PV plant in the Chiba prefecture of Japan in Tokyo Bay., In February 2022, JERA and West Holdings Corporation (West HD) reached heads of agreement on a business alliance to develop solar power generation projects in Japan.. Key drivers for this market are: 4., Increasing Solar Energy Demand4.; Declining Cost of Solar PV Systems. Potential restraints include: 4., Strong Dependence on Prevailing Weather Condition. Notable trends are: Ground-mounted to Dominate the Market.

Discover the latest insights into Japan's power market, a $250B+ industry undergoing a dynamic shift towards renewable energy. Explore market size, CAGR, key players, and future trends shaping this stable yet evolving sector. Learn about the challenges and opportunities presented by this significant market. Recent developments include: May 2024: JERA, a Japanese power utility company, announced plans to invest USD 32.4 billion in the development of renewable energies, LNG, hydrogen, and ammonia by 2035. The company has a target of 35 Mt in annual LNG transaction volumes, 20 GW of renewable energy capacity, and 7 Mt of hydrogen and ammonia.October 2023: J-Power, a major player in the Japanese power sector, unveiled its strategy to shutter two coal-fired power plants at its Matsushima facility in southern Japan. Each of these plants has a capacity of 500 MW. This move aligns with J-Power's goal of curbing carbon dioxide (CO2) emissions by 2025. As the second-largest coal-fired power producer in Japan, trailing only JERA, J-Power is set to permanently close its No.1 plant and temporarily halt operations at the No.2 plant by March 2025. In a bid to enhance efficiency and reduce emissions, J-Power is considering constructing a gasification facility at the No.2 plant, with plans to recommence operations in 2028.. Key drivers for this market are: 4., Declining Price and Installation Cost of Solar PV Systems​4.; Advancements in Renewable Energy Technologies and Supportive Government Initiatives. Potential restraints include: 4., Declining Price and Installation Cost of Solar PV Systems​4.; Advancements in Renewable Energy Technologies and Supportive Government Initiatives. Notable trends are: Thermal Power Generating Source is Expected to Dominate the Market.

The size of the Power Market in Japan market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 1.27% during the forecast period. The power market in Japan has experienced considerable changes in recent years, influenced by regulatory reforms and the need for energy diversification. Traditionally characterized by regional monopolies, the Japanese electricity sector has witnessed a rise in competition since the initiation of deregulation in 2016. These reforms aimed to improve market efficiency and lower consumer costs by permitting new players to enter the market alongside established utilities. The establishment of retail competition, which allows consumers to select their electricity providers, signifies a substantial departure from the previously insulated market framework. In the wake of the Fukushima Daiichi nuclear disaster in 2011, Japan's energy policy has increasingly focused on renewable energy sources. The government has introduced various incentive programs, including the Feed-in Tariff (FiT) system, to encourage investment in solar, wind, and other renewable technologies. Nevertheless, Japan continues to depend significantly on fossil fuels, especially liquefied natural gas (LNG), due to the closure of numerous nuclear reactors and the gradual advancement in renewable energy adoption. Additionally, Japan is investigating advanced technologies such as smart grids and energy storage solutions to improve grid stability and accommodate a larger proportion of intermittent renewable energy. The transforming power market illustrates Japan's overarching objectives of energy security, sustainability, and market efficiency in the context of a shifting global energy environment. Recent developments include: October 2023: J-Power, a major player in the Japanese power sector, unveiled its strategy to shutter two coal-fired power plants at its Matsushima facility in southern Japan. Each of these plants has a capacity of 500 MW. This move aligns with J-Power's goal of curbing carbon dioxide (CO2) emissions by 2025. As the second-largest coal-fired power producer in Japan, trailing only JERA, J-Power is set to permanently close its No.1 plant and temporarily halt operations at the No.2 plant by March 2025. In a bid to enhance efficiency and reduce emissions, J-Power is considering constructing a gasification facility at the No.2 plant, with plans to recommence operations in 2028., October 2022: Wartsila's technology group supplied gas-fueled engines for the new 100 MW Japanese power plant. The new plant is going to operate with 10 Wartsila 34SG gas engines, replacing a 100 MW combined cycle gas turbine previously located on the site.. Key drivers for this market are: 4., Declining Price and Installation Cost of Solar PV Systems​4.; Advancements in Renewable Energy Technologies and Supportive Government Initiatives. Potential restraints include: 4., Rising LNG Costs and High Reliance on Imports Impact Natural Gas Power Generation. Notable trends are: Thermal Power Generating Source is Expected to Dominate the Market.

In the fiscal year 2023, the overall final energy consumption in Japan amounted to around **** thousand petajoules. When compared to the amount in fiscal year 2013, which is the base year of the Paris Agreement on climate change for Japan, the final energy consumption decreased significantly. Consumption trends by sectorThe final energy consumption diminished in every sector in Japan. In terms of share, the industrial and commercial sector accounted for the majority of the final energy consumption, while the household sector represented the smallest consumer. Within the industrial sector, the manufacturing industry consumed the highest amount of energy, but still managed to reduce consumption compared to previous fiscal years. As a result of the improvement of fuel efficiency and a decrease in gasoline consumption, the transportation sector also achieved to further lower its energy consumption. Consumption trends by energy sourceWhen it comes to energy sources, petroleum still accounted for the highest share of around ** percent, illustrating a gradual downward trend over the years. Since the country lacks domestic reserves of fossil fuels, it is heavily dependent on imports. To be more independent of fossil fuel imports as well as to reduce greenhouse gas emissions and electric power costs, the country's current energy policy aims to replace fossil fuels with nuclear and renewable energy sources.

Japan JP: Access to Electricity: % of Population data was reported at 100.000 % in 2016. This stayed constant from the previous number of 100.000 % for 2015. Japan JP: Access to Electricity: % of Population data is updated yearly, averaging 100.000 % from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 100.000 % in 2016 and a record low of 100.000 % in 2016. Japan JP: Access to Electricity: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank: Energy Production and Consumption. Access to electricity is the percentage of population with access to electricity. Electrification data are collected from industry, national surveys and international sources.; ; World Bank, Sustainable Energy for All (SE4ALL) database from the SE4ALL Global Tracking Framework led jointly by the World Bank, International Energy Agency, and the Energy Sector Management Assistance Program.; Weighted average;

Japan energy as a service market ​size reached USD 4.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.2 Billion by 2033, exhibiting a growth rate (CAGR) of 9.79% during 2025-2033. The growing emphasis on environmental sustainability, which promote businesses to adopt energy solutions that help them comply with standards and reduce their carbon footprint, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on service type and end user.