In 2022, the United States generated almost ** percent of its electricity from wind and solar, ranking second among countries in North America. Canada generated roughly *** percent of electricity from wind and solar sources that year.

United States US: Electricity Production From Coal Sources: % of Total data was reported at 34.233 % in 2015. This records a decrease from the previous number of 39.651 % for 2014. United States US: Electricity Production From Coal Sources: % of Total data is updated yearly, averaging 51.846 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 57.679 % in 1988 and a record low of 34.233 % in 2015. United States US: Electricity Production From Coal Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Coal refers to all coal and brown coal, both primary (including hard coal and lignite-brown coal) and derived fuels (including patent fuel, coke oven coke, gas coke, coke oven gas, and blast furnace gas). Peat is also included in this category.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

In 2022, Uruguay generated about ** percent of the renewable electricity from wind and solar sources in South America and was the leading country in that region. Chile generated about ** percent of renewable electricity from wind and solar sources and had the second-largest share in power generation in that region.

United States US: Electricity Production From Oil Sources: % of Total data was reported at 0.904 % in 2015. This records a decrease from the previous number of 0.923 % for 2014. United States US: Electricity Production From Oil Sources: % of Total data is updated yearly, averaging 4.834 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 17.167 % in 1977 and a record low of 0.774 % in 2012. United States US: Electricity Production From Oil Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Oil refers to crude oil and petroleum products.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

In 2024, around 453 terawatt hours of wind electricity were generated in the United States. Wind has advanced to become the main source of renewable power generation in the U.S., ahead of conventional hydropower. Clean energy on the rise Recent years have seen significant increases in U.S. clean energy investments, specially the years between 2022 and 2022. In 2022, renewable investments rose to 141 billion U.S. dollars, an increase of almost 25 percent compared to the previous year. Larger investments in clean energy in the past decade have brought higher generation of wind and solar power. The globalized U.S. wind market Based in Copenhagen, the Danish company Vestas holds a large portion of the global wind manufacturer market share. In 2024, Vestas electricity deliveries were the highest to the U.S. Though the U.S. has generated increasing amounts of wind power, it continues to source much of its wind power turbines and equipment from international companies such as Vestas.

United States US: Electricity Production From Renewable Sources: Excluding Hydroelectric: % of Total data was reported at 7.176 % in 2015. This records an increase from the previous number of 6.900 % for 2014. United States US: Electricity Production From Renewable Sources: Excluding Hydroelectric: % of Total data is updated yearly, averaging 0.471 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 7.176 % in 2015 and a record low of 0.015 % in 1960. United States US: Electricity Production From Renewable Sources: Excluding Hydroelectric: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Energy Production and Consumption. Electricity production from renewable sources, excluding hydroelectric, includes geothermal, solar, tides, wind, biomass, and biofuels.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted Average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

United States US: Electricity Production From Renewable Sources: Excluding Hydroelectric data was reported at 317,421,000,000.000 kWh in 2015. This records an increase from the previous number of 298,023,000,000.000 kWh for 2014. United States US: Electricity Production From Renewable Sources: Excluding Hydroelectric data is updated yearly, averaging 12,867,000,000.000 kWh from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 317,421,000,000.000 kWh in 2015 and a record low of 122,000,000.000 kWh in 1960. United States US: Electricity Production From Renewable Sources: Excluding Hydroelectric data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Energy Production and Consumption. Electricity production from renewable sources, excluding hydroelectric, includes geothermal, solar, tides, wind, biomass, and biofuels.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Sum; Restricted use: Please contact the International Energy Agency for third-party use of these data.

In the United States, electricity derived from coal has decreased over the past two decades, with the annual output declining by almost 65 percent between 2010 and 2024. In contrast, there has been a rise in natural gas and renewable sources within the energy mix. How is electricity generated in the U.S.? Most electricity in the U.S. is generated from steam turbines, which can be powered by fossil and nuclear fuels, biomass, geothermal, and solar thermal energy. Other systems such as gas turbines, hydro turbines, wind turbines, and solar photovoltaics are also major generation technologies. Electric utilities in the U.S. generated more than 2,241 terawatt hours in 2024, accounting for just over half of the power output in the country that year. Growing renewable capacity Renewable sources have become more prominent in the U.S. over the past years, particularly wind, hydro, and solar energy. The former has overtaken conventional hydropower, becoming the leading renewable energy source in the U.S. since 2019. Wind and solar power have also accounted for the largest share of electricity capacity additions in the country in recent years.

The size of the North America Power 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 % during the forecast period. The power industry in North America is experiencing a profound transformation, influenced by advancements in technology, changes in regulations, and evolving energy requirements. This sector, which includes the generation, transmission, and distribution of electricity, is essential to the economic framework of the region, catering to both residential and industrial consumers. Recent developments indicate a marked shift towards cleaner and more sustainable energy options, particularly renewables, while still maintaining a significant dependence on natural gas. This transition is driven by a mix of environmental regulations, technological progress, and an increasing focus on minimizing greenhouse gas emissions. The North American power industry is shaped by several key factors, including the growing incorporation of renewable energy sources such as wind and solar, which are altering the energy landscape and prompting necessary upgrades to grid infrastructure to enhance reliability and adaptability. Innovations in energy storage and smart grid technologies are also critical, improving the efficiency and stability of power distribution systems. Furthermore, regulatory frameworks and incentives designed to encourage energy efficiency and lower carbon emissions are expediting the adoption of cleaner technologies. As the region continues to progress through its energy transition, the North American power industry is set for expansion, characterized by a combination of upgraded infrastructure, cutting-edge technologies, and a robust commitment to sustainability. This transformation mirrors broader global movements towards cleaner and more resilient energy systems. Recent developments include: In August 2022, The U.S. Department of Energy's Water Power Technologies Office has given GE Research, the technological development division of General Electric Company, a 30-month, USD 4.3 million projects to increase the operating capacity and flexibility of hydropower assets., In October 2022, Belltown Power U.S. sold a 6 GW portfolio of solar, coupled, and stand-alone battery storage development projects to ENGIE North America (ENGIE). 33 projects totaling approximately 2.7 GW of solar energy, 0.7 GW of paired storage, and 2.6 GW of standalone battery storage are included in the transaction. Acquisition of 33 early to late-stage projects will accelerate renewables development across multiple states in North America., In November 2022, EE North America joined up with Elio Energy to build a 2GW solar power pipeline and energy storage assets in Arizona and neighboring states in the United States. The company intends to build 10GW of renewable energy capacity in the country by 2026 in order to assist state and local governments across the United States in meeting their net-zero emissions targets.. Key drivers for this market are: 4., Supportive Government Policies and Incentives4.; Environmental Concerns. Potential restraints include: 4., Fossil Fuel Subsidies. Notable trends are: Conventional Thermal is Likely Dominate the Market.

Renewable energy generation in the United States has seen remarkable growth, with wind power leading the charge. In 2024, wind is generated ***** terawatt hours of electricity, solidifying its position as the top renewable source since 2019. This surge in wind energy production reflects a broader trend of increasing renewable energy adoption across the country. Electricity landscape in the United States The growth in renewable electricity generation is supported by substantial investments and increasing production capacity. However, fossil fuels still dominated U.S. electricity generation in 2024. *********** remains the largest electricity source with a ** percent share in that year, while renewables accounted for ** percent of total electricity generation. Energy transition outlook in the United States Over the last few years, the country demonstrated its commitment to diversify its energy portfolio and reduce reliance on traditional fossil fuels, motivated by environmental concerns and economic factors. According to a recent forecast, renewable sources could provide approximately ** percent of U.S. electricity output by 2050, led by solar energy. The recent political turnover is expected to impact the country’s energy sector, as the new Trump administration is again shifting U.S. energy policy towards fossil fuels.

According to Cognitive Market Research, the global Electricity Generation market size will be USD 2154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 646.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 495.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 107.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 43.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Thermal Generation is the market leader in the Electricity Generation industry

Market Dynamics of Electricity Generation Market

Key Drivers for Electricity Generation Market

Rising need for cooling boosts the electricity generation market: The increased demand for cooling is projected to drive the electricity generating market in the future years. Cooling is the process of lowering the temperature of an object or environment, which is usually accomplished by transporting heat away from the intended location, typically utilizing air or a cooling medium. Power generation can be utilized to cool by running air conditioning (AC) and fans to keep indoor temperatures comfortable. For instance, According to the International Energy Agency, an autonomous intergovernmental body located in France, in July 2023, more than 90% of households in the United States and Japan had an air conditioner. Cooling accounts for around 10% of global electricity use. In warmer countries, this might result in a more than 50% increase in power demand during the summer months. As a result, increased demand for cooling is likely to drive expansion in the power generating industry.

Increasing applications of electricity in the transportation industry: The growing use of energy in the transportation industry is predicted to increase demand for electricity, hence pushing the power generation market. The electrification of railways in underdeveloped and developing countries, the establishment of public transportation networks such as rapid metro transit systems, and the growing use of electric vehicles in developed countries will all create significant market opportunities for power generation companies. For instance, in order to achieve net-zero carbon emissions, the Office of Rail and Road (ORR) predicts that 13,000 track kilometers - or roughly 450 km per year - of track in the UK will need to be electrified by 2050, with 179 km electrified between 2020 and 2021. According to the Edison Electric Institute (EEl), yearly electric car sales in the United States are estimated to exceed 1.2 million by 2025. Electric vehicles are projected to account for 9% of worldwide electricity demand by 2050.

Restraint Factor for the Electricity Generation Market

High initial capital investment for renewable projects: The high initial capital for renewable projects is indeed a limiting factor for the market growth of the electricity generation sector, as most such technologies, infrastructure, and installation depend on significant up-front funding. For instance, most renewable energy technologies are highly capital intensive-solar, and wind, in particular, scares investors away from taking action, especially if they are small or developing firms. There is thus an economic limitation that restricts competition and contributes toward slower development of cleaner energy solutions. Moreover, funding can be quite tricky and challenging-especially for a poor economic climate. The payback times attached to these investment options are long, leading to uncertainty and making stakeholders reluctant to commit. These financial constraints are, therefore, blighting the transition to renewable energy as well as, more broadly, the overall electricity generation market

Trends for the Ele...

The size of the North America Distributed Power Generation Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.00">> 7.00% during the forecast period. Distributed power generation refers to the production of electricity from small, modular energy sources located close to the point of use, rather than centralized power plants. These systems, known as Distributed Energy Resources (DERs), include solar panels, wind turbines, fuel cells, and combined heat and power (CHP) systems. Distributed generation reduces transmission and distribution losses, enhances grid reliability, and allows for greater integration of renewable energy sources. It also provides flexibility and resilience, as these systems can operate independently or in conjunction with the main power grid. By generating electricity locally, distributed power generation can lower greenhouse gas emissions and support energy security. Recent developments include: In October 2022, LONGi, a leading solar technology company, announced its plan to expand its presence in Canada. As part of the expansion, the company is introducing its flagship distributed solar module, the Hi-MO 5 54-cell module, to the Canadian residential and commercial sector., In May 2022, Hanwha Q Cells announced its plans to build a 1.4 GW solar panel factory in the United States. The company also plans to invest USD 320 million in the expansion plan, of which USD 170 million will be devoted to constructing a 1.4 GW factory in the United States.. Key drivers for this market are: 4., Declining Solar Panel Costs4.; Supportive Government Policies. Potential restraints include: 4., High Upfront Cost. Notable trends are: Solar PV Sector to Witness Significant Growth.

United States US: Electricity Production From Natural Gas Sources: % of Total data was reported at 31.942 % in 2015. This records an increase from the previous number of 26.888 % for 2014. United States US: Electricity Production From Natural Gas Sources: % of Total data is updated yearly, averaging 17.344 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 31.942 % in 2015 and a record low of 9.464 % in 1988. United States US: Electricity Production From Natural Gas Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Gas refers to natural gas but excludes natural gas liquids.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

United States US: Electricity Production From Hydroelectric Sources: % of Total data was reported at 5.842 % in 2015. This records a decrease from the previous number of 6.054 % for 2014. United States US: Electricity Production From Hydroelectric Sources: % of Total data is updated yearly, averaging 9.342 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 18.881 % in 1962 and a record low of 4.904 % in 2001. United States US: Electricity Production From Hydroelectric Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Hydropower refers to electricity produced by hydroelectric power plants.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

United States Energy Production: RE: Solar & Wind data was reported at 278.358 BTU tn in Aug 2018. This records an increase from the previous number of 247.255 BTU tn for Jul 2018. United States Energy Production: RE: Solar & Wind data is updated monthly, averaging 11.238 BTU tn from Jan 1983 (Median) to Aug 2018, with 428 observations. The data reached an all-time high of 335.539 BTU tn in Apr 2018 and a record low of -0.001 BTU tn in Jan 1984. United States Energy Production: RE: Solar & Wind data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB001: Energy Production.

The US power market, a significant segment of the global energy landscape, is experiencing robust growth, driven by increasing energy demand, supportive government policies promoting renewable energy sources, and the ongoing transition away from fossil fuels. The market's size in 2025 is estimated at $800 billion (this is an assumption based on the global market size and the US's significant share of the global energy market; actual data is needed for accuracy), exhibiting a Compound Annual Growth Rate (CAGR) exceeding 5.6% through 2033. Key growth drivers include the expanding adoption of renewable energy technologies like solar and wind power, fueled by decreasing costs and technological advancements. Furthermore, modernization of the aging transmission and distribution infrastructure is necessary to support the influx of renewable energy and increasing electricity consumption. Despite the positive outlook, challenges remain, including the intermittent nature of renewable sources requiring advanced energy storage solutions and the need for significant investment in grid upgrades to accommodate the evolving energy mix. Despite regulatory hurdles and potential supply chain disruptions, the US power market presents compelling opportunities for established players like General Electric and NextEra Energy, as well as emerging companies focusing on innovative technologies. The market is segmented by generation type (conventional thermal, hydro, nuclear, non-hydro renewables), and transmission and distribution infrastructure. North America, particularly the US, commands a substantial share of this market, followed by Europe and Asia Pacific. However, emerging economies in Asia and Africa are experiencing rapid growth, representing attractive investment prospects. Future growth will depend on the successful integration of renewable energy sources, smart grid technologies, and efficient energy management strategies. Continued investment in research and development will be critical to overcoming technological barriers and ensuring a sustainable and reliable power supply for the future. Recent developments include: In October 2020, Equinor has announced its Empire wind project with an installed capacity of 816MW is scheduled to commission by 2024. The project is expected to meet the power needs of more than half a million households in New York. Equinor is currently the sole owner of the Empire wind project and is likely to remain the operator throughout the development, construction, and operations phases., In April 2020, Seminole Electric planned to build a new natural gas-fired power plant at its Palatka plant in Florida. The project has an investment cost of USD 727 million and is scheduled for commissioning by the end of 2023.. Notable trends are: Thermal Power to Dominate the Market.

Offshore Wind Power Market Outlook

The global offshore wind power market size was valued at approximately USD 45 billion in 2023 and is projected to grow to an estimated USD 135 billion by 2032, reflecting a robust CAGR of 13.5% over the forecast period. This impressive growth trajectory can be attributed to a combination of technological advancements, supportive government policies, and increasing awareness about the environmental benefits of renewable energy sources.

One of the primary growth factors driving the offshore wind power market is the technological advancements in turbine design and efficiency. Innovations such as larger rotor diameters, floating wind turbines, and better grid integration have considerably reduced the cost per megawatt of offshore wind electricity, making it more competitive with traditional energy sources. These advancements also enhance the overall energy yield from offshore installations, thereby making investments in this sector more attractive to both private and public stakeholders.

Government policies and subsidies play a crucial role in the expansion of the offshore wind power market. Many countries have implemented favorable policies, tax incentives, and grants to promote the adoption of renewable energy. For instance, the European Union has set ambitious targets for reducing carbon emissions and increasing the share of renewable energy in its energy mix, thereby providing a strong impetus for the growth of the offshore wind sector. Similarly, nations like the United States and China are also investing heavily in offshore wind projects to diversify their energy portfolios and meet their environmental commitments.

Another significant growth driver is the increasing corporate and public awareness about the environmental benefits of offshore wind power. Unlike fossil fuels, offshore wind energy is a clean, inexhaustible resource that produces no greenhouse gas emissions during operation. This makes it an attractive option for companies looking to minimize their carbon footprint and for governments aiming to meet their climate goals. Additionally, the offshore wind sector is creating numerous job opportunities in areas such as manufacturing, installation, and maintenance, thereby offering socio-economic benefits as well.

Offshore Solar Farms are emerging as a complementary technology to offshore wind power, offering an innovative approach to harnessing renewable energy from the sea. These solar farms are designed to float on the ocean surface, capturing sunlight to generate electricity. The integration of offshore solar farms with wind power installations can maximize energy production by utilizing both wind and solar resources. This hybrid approach not only increases the overall energy yield but also enhances the reliability of renewable energy supply, as solar and wind resources often complement each other. Offshore solar farms can be particularly beneficial in regions with high solar irradiance and limited land availability, providing a sustainable solution to meet growing energy demands. As the technology matures, it is expected to play a significant role in the global transition to clean energy, contributing to the diversification of energy sources and the reduction of carbon emissions.

The regional outlook for the offshore wind power market is highly positive, with Europe leading the charge due to its well-established infrastructure and supportive regulatory framework. Asia Pacific is also emerging as a significant player, driven by substantial investments in countries like China, Japan, and South Korea. North America is catching up with new projects coming online, particularly in the United States, where individual states are setting ambitious offshore wind targets. Latin America and the Middle East & Africa are also exploring offshore wind potential, although they currently lag behind the more developed markets.

Component Analysis

The offshore wind power market is segmented by components into turbines, electrical infrastructure, substructures, and others. Turbines represent a significant portion of the market due to their critical role in converting wind energy into electricity. Modern offshore wind turbines are designed to be highly efficient and capable of operating in harsh marine environments. Companies are investing heavily in research and development to create larg

The report covers North America Renewable Energy Market Outlook and is segmented by type (Hydro, Solar, Wind, Bioenergy, and Others) and Geography (United States, Canada, and Rest of North America). The market size and forecasts are provided in installed capacity (Gigawatts) for all the above segments.

The size of the United States Distributed Solar 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 10.00">> 10.00% during the forecast period. Distributed solar energy refers to the generation of electricity from solar power systems located close to where the energy is used, such as on rooftops of homes, businesses, or public buildings. These systems typically use photovoltaic (PV) panels to convert sunlight directly into electricity. Unlike centralized power plants, distributed solar systems are smaller and decentralized, reducing the need for long-distance transmission. The electricity generated can be used on-site, lowering reliance on the grid, or fed back into the grid to support local energy needs. Distributed solar energy offers several benefits, including reduced transmission losses, enhanced energy security, and lower greenhouse gas emissions. Key drivers for this market are: 4., Increasing Investments in Offshore Wind Power Projects4.; Supportive Government Policies. Potential restraints include: 4., Increasing Adopting of Alternative Clean Energy Sources (Ex: Solar, Hydro). Notable trends are: Increasing Demand for Clean Electricity.

In 2024, net solar power generation in the United States reached its highest point yet at 218.5 terawatt hours of solar thermal and photovoltaic (PV) power. Solar power generation has increased drastically over the past two decades, especially since 2011, when it hovered just below two terawatt hours. The U.S. solar industry In the United States, an exceptionally high number of solar-related jobs are based in California. With a boost from state legislation, California has long been a forerunner in solar technology. In the second quarter of 2024, it had a cumulative solar PV capacity of more than 48 gigawatts. Outside of California, Texas, Florida, and North Carolina were the states with the largest solar PV capacity. Clean energy in the U.S. In recent years, solar power generation has seen more rapid growth than wind power in the United States. However, among renewables used for electricity, wind has been a more common and substantial source for the past decade. Wind power surpassed conventional hydropower as the largest source of renewable electricity in 2019. While there are major environmental costs often associated with the construction and operation of large hydropower facilities, hydro remains a vital source of electricity generation for the United States.