100+ datasets found
  1. m

    US Renewable Energy Market - Size, Share, Industry Growth & Forecast

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Oct 15, 2024
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    Mordor Intelligence (2024). US Renewable Energy Market - Size, Share, Industry Growth & Forecast [Dataset]. https://www.mordorintelligence.com/industry-reports/united-states-renewable-energy-market
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    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Oct 15, 2024
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    United States
    Description

    The Report Covers the US Renewable Energy Market Trends and Companies. The Market is Segmented Into Source (Wind, Solar, Hydropower, Bioenergy, and Other Sources [Geothermal and Renewable Municipal Waste]). The Market Size and Forecasts are Provided for Renewable Energy in Installed Capacity (GW) for all the Above Segments.

  2. Global renewable energy market size 2021-2030

    • statista.com
    Updated Sep 11, 2024
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    Statista (2024). Global renewable energy market size 2021-2030 [Dataset]. https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/
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    Dataset updated
    Sep 11, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2021
    Area covered
    Worldwide
    Description

    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.

  3. E

    North America Renewable Energy Market Growth Analysis - Market Size, Share,...

    • expertmarketresearch.com
    Updated Jan 22, 2025
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    Claight Corporation (Expert Market Research) (2025). North America Renewable Energy Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2025-2034) [Dataset]. https://www.expertmarketresearch.com/reports/north-america-renewable-energy-market
    Explore at:
    pdf, excel, csv, pptAvailable download formats
    Dataset updated
    Jan 22, 2025
    Dataset authored and provided by
    Claight Corporation (Expert Market Research)
    License

    https://www.expertmarketresearch.com/privacy-policyhttps://www.expertmarketresearch.com/privacy-policy

    Time period covered
    2025 - 2034
    Area covered
    North America
    Variables measured
    CAGR, Forecast Market Value, Historical Market Value
    Measurement technique
    Secondary market research, data modeling, expert interviews
    Dataset funded by
    Claight Corporation (Expert Market Research)
    Description

    The North America renewable energy market is primarily supporting the global industry growth, in which nearly 3058.36 Gigawatt of renewable energy was installed in 2024. Aided by the adoption of solar power as a part of renewable portfolio targets (RPS) and Federal investment tax credit (ITC), the global renewable energy installations is projected to grow at a CAGR of nearly 7.60% in the forecast period of 2025-2034 to reach 6362.26 Gigawatt by 2034.

  4. m

    North American Renewable Energy Market - Forecast, Size, Growth & Trends

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jun 16, 2024
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    North American Renewable Energy Market - Forecast, Size, Growth & Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/north-america-renewable-energy-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jun 16, 2024
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2021 - 2030
    Area covered
    North America
    Description

    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.

  5. Global renewable energy market outlook 2017-2025

    • statista.com
    Updated Jun 26, 2025
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    Statista (2025). Global renewable energy market outlook 2017-2025 [Dataset]. https://www.statista.com/statistics/639788/renewable-energy-market-size-worldwide-projection/
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    Dataset updated
    Jun 26, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2017
    Area covered
    Worldwide
    Description

    The renewable energy market is projected to reach **** trillion U.S. dollars worldwide in 2025. The growth in the renewable energy market has seen the propensity for non-renewable energy sources, such as coal, subsiding and the demand for renewable sources rising as long-term cost-effectiveness becomes increasingly feasible. Renewable sources like wind and solar have reached price parity along the electricity grid and are getting ever closer to reaching the performance potential of conventional sources. Increased use of technological advancements like automation, artificial intelligence, and blockchain will also increase renewable capacity deployment by decreasing costs and easing the integration of new energy infrastructure. Clean energy investment Clean energy investment has also generally risen in the past decade. Lower investment figures during this time are usually due to the reduction in project development costs. Investors focusing on long-term investments over short-term will also drive these investment trends. It is estimated that clean energy investment must accelerate to a faster pace in order to reduce emissions to levels recommended by the United Nations Intergovernmental Panel on Climate Change (IPCC).

  6. m

    US Renewable Energy Market Size, Share, Trends and Forecasts 2030

    • mobilityforesights.com
    pdf
    Updated May 19, 2025
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    Mobility Foresights (2025). US Renewable Energy Market Size, Share, Trends and Forecasts 2030 [Dataset]. https://mobilityforesights.com/product/us-renewable-energy-market
    Explore at:
    pdfAvailable download formats
    Dataset updated
    May 19, 2025
    Dataset authored and provided by
    Mobility Foresights
    License

    https://mobilityforesights.com/page/privacy-policyhttps://mobilityforesights.com/page/privacy-policy

    Area covered
    United States
    Description

    In US Renewable Energy Market, Technological breakthroughs in battery storage, floating solar, and offshore wind will open new frontiers for deployment.

  7. Renewable Energy Market Analysis, Size, and Forecast 2025-2029: North...

    • technavio.com
    Updated Feb 15, 2025
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    Technavio (2025). Renewable Energy Market Analysis, Size, and Forecast 2025-2029: North America (US and Canada), Europe (France, Germany, Italy, and UK), Middle East and Africa (Egypt, KSA, Oman, and UAE), APAC (China, India, and Japan), South America (Argentina and Brazil), and Rest of World (ROW) [Dataset]. https://www.technavio.com/report/renewable-energy-market-industry-analysis
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    TechNavio
    Authors
    Technavio
    Time period covered
    2021 - 2025
    Area covered
    Global, United States
    Description

    Snapshot img

    Renewable Energy Market Size 2025-2029

    The renewable energy market size is forecast to increase by USD 2266.2 billion, at a CAGR of 9.6% between 2024 and 2029.

    The market is experiencing significant growth, driven by the increasing global energy demand and the rising popularity of clean energy technologies. As traditional fossil fuel sources face scrutiny for their environmental impact, renewable energy sources such as solar, wind, and hydroelectric power are gaining traction. This shift is further fueled by advancements in technology, making renewable energy sources more efficient and cost-effective. However, the market is not without challenges. The competition from alternative energy sources, such as natural gas, presents a significant obstacle. Natural gas is currently a more economically viable option in many regions, making it a formidable competitor.
    Additionally, the intermittency of renewable energy sources, particularly solar and wind, poses operational challenges. Ensuring a consistent energy supply requires significant investment in energy storage solutions and infrastructure. Geothermal energy, another clean energy technology, is also gaining attention due to its potential for consistent power generation. Companies seeking to capitalize on the opportunities in the market must navigate these challenges effectively, focusing on innovation, efficiency, and strategic partnerships to stay competitive.
    

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

    Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
    Request Free Sample

    The market continues to evolve, driven by the global push towards sustainable development and net-zero emissions. Geothermal energy, harnessing the earth's heat, and wind energy, with its turbines spinning in the breeze, are two key players in this dynamic landscape. Decentralized energy solutions, such as solar panels and wind turbines, are gaining traction, enabling energy generation closer to the point of consumption. Climate change mitigation and energy transition are primary catalysts for this shift. Renewable energy sources, including solar and wind, are increasingly integrated into the energy grid, addressing intermittency issues through energy storage solutions. Hydroelectric power, a long-standing renewable energy player, undergoes reassessment due to land use impact concerns.

    Geothermal power plants and hydroelectric dams, while providing significant power generation capacity, face environmental impact assessments. Biomass power plants and geothermal wells, meanwhile, offer potential as renewable energy sources but require careful consideration of biomass fuels and sustainable practices. Energy management systems, smart grids, and energy efficiency measures are essential components of this transition, ensuring optimal energy usage and reducing carbon emissions. Renewable energy research, financing, and investment continue to shape the market, with green bonds and energy audits playing crucial roles. The renewable energy sector's ongoing unfolding is a testament to its adaptability and resilience, as it navigates the complexities of energy policy, energy grid integration, and the ever-evolving energy landscape.

    How is this Renewable Energy Industry segmented?

    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-userResidentialIndustrialCommercialTypeHydropowerWindSolarOthersDeploymentOn-gridOff-gridGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAEAPACChinaIndiaJapanSouth AmericaArgentinaBrazilRest of World (ROW)

    By End-user Insights

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

    The market is experiencing significant growth and innovation as the world shifts towards sustainable energy practices. Photovoltaic cells and solar panels are increasingly being adopted for power generation, with solar energy becoming a viable alternative to traditional energy sources. Biomass power plants and hydropower plants continue to contribute substantially to the power generation capacity, while wind energy, with its storage solutions and smart grids, is addressing intermittency issues. Geothermal power plants and geothermal wells are also gaining traction as reliable sources of renewable energy. Energy policy and sustainable development are driving the transition to renewable energy.

    Distributed generation and decentralized energy systems are enabling energy independence and reducing carbon emissions. Energy efficiency and energy conservation are essential components of this transition, with energy management systems and ene

  8. i

    U.S. Renewable Energy Market - Size, Share & Outlook | Forecast Upto 2033

    • imrmarketreports.com
    Updated Apr 2025
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    Swati Kalagate; Akshay Patil; Vishal Kumbhar (2025). U.S. Renewable Energy Market - Size, Share & Outlook | Forecast Upto 2033 [Dataset]. https://www.imrmarketreports.com/reports/u-s-renewable-energy-market
    Explore at:
    Dataset updated
    Apr 2025
    Dataset provided by
    IMR Market Reports
    Authors
    Swati Kalagate; Akshay Patil; Vishal Kumbhar
    License

    https://www.imrmarketreports.com/privacy-policy/https://www.imrmarketreports.com/privacy-policy/

    Description

    The U.S. Renewable Energy market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

  9. E

    United States Renewable Energy Market Growth Analysis - Forecast Trends,...

    • expertmarketresearch.com
    Updated Mar 11, 2024
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    Claight Corporation (Expert Market Research) (2024). United States Renewable Energy Market Growth Analysis - Forecast Trends, Market Size, Share and Outlook (2025-2034) [Dataset]. https://www.expertmarketresearch.com/reports/united-states-renewable-energy-market
    Explore at:
    pdf, excel, csv, pptAvailable download formats
    Dataset updated
    Mar 11, 2024
    Dataset authored and provided by
    Claight Corporation (Expert Market Research)
    License

    https://www.expertmarketresearch.com/privacy-policyhttps://www.expertmarketresearch.com/privacy-policy

    Time period covered
    2025 - 2034
    Area covered
    United States
    Variables measured
    CAGR
    Measurement technique
    Secondary market research, data modeling, expert interviews
    Dataset funded by
    Claight Corporation (Expert Market Research)
    Description

    The United States renewable energy market size is projected to grow at a CAGR of 10.10% between 2025 and 2034.

  10. The global renewable energy market size will be USD 1124514.6 million in...

    • cognitivemarketresearch.com
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    Cognitive Market Research, The global renewable energy market size will be USD 1124514.6 million in 2024. [Dataset]. https://www.cognitivemarketresearch.com/renewable-energy-market-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset authored and provided by
    Cognitive Market Research
    License

    https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy

    Time period covered
    2021 - 2033
    Area covered
    Global
    Description

    According to Cognitive Market Research, the global Renewable energy market size will be USD 1124514.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.00% 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 449805.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
    Europe accounted for a market share of over 30% of the global revenue with a market size of USD 337354.38 million.
    Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 258638.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
    Latin America had a market share of more than 5% of the global revenue with a market size of USD 56225.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% 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 22490.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
    The Solar PV segment is the dominant category in the renewable energy market, driven by its widespread adoption and decreasing cost
    

    Market Dynamics of Renewable energy Market

    Key Drivers for Renewable energy Market

    Rising Global Awareness About Climate Change to Boost Market Growth

    As climate change concerns intensify worldwide, there is a significant push for sustainable energy sources. The environmental impact of fossil fuels, including carbon emissions, has led governments, businesses, and individuals to prioritize the transition to renewable energy. This shift is further supported by scientific studies linking climate change to extreme weather patterns, which has made the public more conscious of the urgent need for eco-friendly energy solutions. Governments are increasingly setting ambitious renewable energy targets, which are contributing to the accelerated adoption of clean energy technologies globally. For instance, In February 2023, Green World Renewable Energy LLC launched innovative solar panel and combiner box at ISNA, solar storage exhibition. This solar energy product provides a reliable and efficient solution for harnessing the power of the sun. This system is designed to meet the growing demand for renewable energy sources and provides a clean, cost-effective, and sustainable alternative to traditional energy sources

    Technological Advancements Reducing Costs to Drive Market Growth

    The renewable energy market has witnessed significant technological advancements, particularly in solar and wind energy production, which have driven down production and installation costs. Innovations such as more efficient photovoltaic panels, larger and more efficient wind turbines, and energy storage systems have made renewable energy more affordable and accessible. As these technologies continue to evolve, economies of scale are improving, further reducing the cost of renewable energy generation. The decreasing costs, combined with increased efficiency, have encouraged both private and public sector investments, contributing to the market's growth.

    Restraint Factor for the Renewable energy Market

    High Initial Capital Investment, will Limit Market Growth

    Despite the long-term savings and environmental benefits, one of the key barriers to the widespread adoption of renewable energy is the high upfront capital investment required for infrastructure development. The installation of solar panels, wind turbines, and other renewable energy systems demands substantial financial resources, which can be a deterrent for smaller businesses or individuals. Although costs have decreased over the years, the financial commitment for setting up renewable energy facilities, including grid integration, can still be prohibitive. This makes it challenging for emerging economies or less affluent communities to transition to renewable energy solutions.

    Impact of Covid-19 on the Renewable energy Market

    Covid-19 pandemic had a significant impact on the renewable energy market, causing delays in project timelines and disruptions in supply chains. Global lockdowns led to the temporary closure of manufacturing plants, resulting in shortages of essential components like solar panels and wind turbine parts. Construction activities were also hinde...

  11. m

    Renewable Energy Market Size, Share | CAGR of 12.9%

    • market.us
    csv, pdf
    Updated Jan 16, 2025
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    Market.us (2025). Renewable Energy Market Size, Share | CAGR of 12.9% [Dataset]. https://market.us/report/renewable-energy-market/
    Explore at:
    csv, pdfAvailable download formats
    Dataset updated
    Jan 16, 2025
    Dataset provided by
    Market.us
    License

    https://market.us/privacy-policy/https://market.us/privacy-policy/

    Time period covered
    2022 - 2032
    Area covered
    Global
    Description

    Renewable Energy Market is projected to reach USD 4,393.6 Billion by 2034, with a 12.9% CAGR from 2025 to 2034.

  12. k

    USA Renewable Energy Market Outlook to 2030

    • kenresearch.com
    pdf
    Updated Jun 24, 2024
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    Ken Research (2024). USA Renewable Energy Market Outlook to 2030 [Dataset]. https://www.kenresearch.com/industry-reports/usa-renewable-energy-market
    Explore at:
    pdfAvailable download formats
    Dataset updated
    Jun 24, 2024
    Dataset authored and provided by
    Ken Research
    License

    https://www.kenresearch.com/terms-and-conditionshttps://www.kenresearch.com/terms-and-conditions

    Area covered
    United States
    Description

    Explore the US Renewable Energy Market size, revenue, outlook, future trends, key players, and insights in this comprehensive research report, forecasting growth till 2028.

  13. CAGR of the renewable energy market in Latin America 2023-2030, by country

    • statista.com
    Updated Nov 15, 2023
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    Statista (2023). CAGR of the renewable energy market in Latin America 2023-2030, by country [Dataset]. https://www.statista.com/statistics/1425381/cagr-renewables-latin-america-by-country/
    Explore at:
    Dataset updated
    Nov 15, 2023
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    LAC, Latin America
    Description

    Chile was the Latin American country with the largest compound annual growth rate (CAGR) in the renewable energy market. From 2023 to 2030, Chile's renewable market is forecast to grow with an annual average rate of 11.76 percent. In that last year, Chile is forecast to reach a renewable market size of some 19.41 billion U.S. dollars.

    More information about the renewable energy sector in Latin America can be found here.

  14. Renewable energy production in the U.S. 2005-2024, by source

    • statista.com
    Updated May 15, 2025
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    Statista (2025). Renewable energy production in the U.S. 2005-2024, by source [Dataset]. https://www.statista.com/statistics/189369/electricity-net-generation-from-renewables-in-the-us-since-2005/
    Explore at:
    Dataset updated
    May 15, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    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.

  15. North America Renewable Energy Market By Energy Source (Hydropower, Biomass,...

    • verifiedmarketresearch.com
    Updated Feb 12, 2025
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    North America Renewable Energy Market By Energy Source (Hydropower, Biomass, Geothermal), Application (Residential, Commercial, Industrial), Technology (Photovoltaic Solar, Concentrated Solar Power, Onshore Wind), End-User (Utility, Non-Utility) & Region for 2024-2031 [Dataset]. https://www.verifiedmarketresearch.com/product/north-america-renewable-energy-market/
    Explore at:
    Dataset updated
    Feb 12, 2025
    Dataset provided by
    Verified Market Researchhttps://www.verifiedmarketresearch.com/
    Authors
    VERIFIED MARKET RESEARCH
    License

    https://www.verifiedmarketresearch.com/privacy-policy/https://www.verifiedmarketresearch.com/privacy-policy/

    Time period covered
    2024 - 2031
    Area covered
    North America
    Description

    North America Renewable Energy Market size was valued at USD 116.82 Billion in 2023 and is projected to reach USD 363.8 Billion by 2031, growing at a CAGR of 16.80 % from 2024 to 2031.

    North America Renewable Energy Market: Definition/ Overview

    Renewable energy is defined as energy generated from natural sources that are constantly renewed, such as solar, wind, geothermal and hydropower. These sources are considered sustainable since they have a low environmental impact and can recover. Renewable energy, unlike fossil fuels, does not pollute or emit greenhouse gases, making it critical for sustainable development.

  16. The global Electricity Generation market size will be USD 2154.2 million in...

    • cognitivemarketresearch.com
    pdf,excel,csv,ppt
    Updated May 15, 2025
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    Cognitive Market Research (2025). The global Electricity Generation market size will be USD 2154.2 million in 2024. [Dataset]. https://www.cognitivemarketresearch.com/electricity-generation-market-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    May 15, 2025
    Dataset authored and provided by
    Cognitive Market Research
    License

    https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy

    Time period covered
    2021 - 2033
    Area covered
    Global
    Description

    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...

  17. The global Renewable Energy Source market size will be USD 915245.5 million...

    • cognitivemarketresearch.com
    pdf,excel,csv,ppt
    Updated May 10, 2025
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    Cognitive Market Research (2025). The global Renewable Energy Source market size will be USD 915245.5 million in 2024. [Dataset]. https://www.cognitivemarketresearch.com/renewable-energy-sources-market-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    May 10, 2025
    Dataset authored and provided by
    Cognitive Market Research
    License

    https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy

    Time period covered
    2021 - 2033
    Area covered
    Global
    Description

    According to Cognitive Market Research, the global Renewable Energy Source market size will be USD 915245.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 17.20% 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 366098.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.
    Europe accounted for a market share of over 30% of the global revenue with a market size of USD 274573.65 million.
    Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 210506.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.
    Latin America had a market share of more than 5% of the global revenue with a market size of USD 45762.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.6% 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 18304.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031.
    The Solar Energy category is the fastest growing segment of the Renewable Energy Source industry
    

    Market Dynamics of Renewable Energy Source Market

    Key Drivers for Renewable Energy Source Market

    Increasing awareness of climate change to Boost Market Growth

    Increasing awareness of climate change is significantly driving the renewable energy source market as individuals and organizations recognize the urgent need to transition away from fossil fuels. Public concern over environmental issues has led to heightened demand for sustainable energy solutions that can mitigate climate impacts. This awareness has influenced governments to implement supportive policies and incentives to promote renewable technologies, encouraging investments in clean energy projects. Additionally, corporations are increasingly adopting sustainability goals, driving further investment in renewable energy sources. As consumers demand greener products and practices, the market is shifting towards cleaner energy alternatives, reinforcing the commitment to combat climate change and ensuring a more sustainable future. For instance, ArcelorMittal announced that its Brazilian division, ArcelorMittal Brazil, has partnered with Casa dos Ventos, a Brazilian renewable energy firm, to create a joint venture for the Babilonia wind power project, which has a capacity of 554 MW. This initiative is projected to require an investment of USD 800 million and will be situated in Bahia’s central region in northeastern Brazil. ArcelorMittal is expected to retain a 55% stake in the joint venture, with Casa dos Ventos owning the remaining share.

    Declining costs of renewable technologies to Drive Market Growth

    The declining costs of renewable technologies are a significant driver of the renewable energy source market, making clean energy solutions more accessible and appealing. Advances in manufacturing processes, economies of scale, and increased competition have led to substantial reductions in the prices of solar panels, wind turbines, and energy storage systems. As these technologies become more affordable, both businesses and consumers are more inclined to invest in renewable energy solutions, resulting in higher adoption rates. Lower costs also enhance the financial viability of renewable projects, attracting investments from various sectors. This trend not only supports the global transition towards sustainable energy but also encourages innovation and development within the industry, fostering further advancements in renewable technologies.

    Restraint Factor for the Renewable Energy Source Market

    High Initial Costs will Limit Market Growth

    High initial costs are a significant restraint on the renewable energy source market, often deterring investment and adoption. Many renewable technologies, such as solar panels, wind turbines, and energy storage systems, require substantial upfront capital for installation and infrastructure development. This financial barrier can be particularly challenging for small businesses and low-income households, limiting their access to renewable energy solutions. While long-term savings on energy bills can offset these costs, the lack of immediate affordability may discourage potential users. Additionally, financing options ma...

  18. Renewable Energy Investment Market Analysis APAC, North America, Europe,...

    • technavio.com
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    Technavio, Renewable Energy Investment Market Analysis APAC, North America, Europe, South America, Middle East and Africa - China, US, Japan, Germany, Brazil - Size and Forecast 2024-2028 [Dataset]. https://www.technavio.com/report/renewable-energy-investment-market-industry-analysis
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    Dataset provided by
    TechNavio
    Authors
    Technavio
    Time period covered
    2021 - 2025
    Area covered
    Global, United States
    Description

    Snapshot img

    Renewable Energy Investment Market Size 2024-2028

    The renewable energy investment market size is forecast to increase by USD 181.9 billion at a CAGR of 8.11% between 2023 and 2028.

    The market is experiencing significant growth, driven by supportive government policies and increased spending on utility-scale projects. According to the latest market analysis, the global renewable energy sector is anticipated to witness substantial investments due to the increasing focus on reducing carbon emissions and transitioning away from fossil fuels. Governments worldwide are implementing policies and incentives to promote renewable energy adoption, creating a favorable business environment for investors. Moreover, the trend towards large-scale renewable energy projects is gaining momentum, with utility-scale solar and wind farms attracting substantial investments. However, the market is not without challenges. Competition from traditional energy sources, particularly fossil fuels, remains a significant barrier to growth. The volatility of renewable energy sources and the intermittency of solar and wind power generation are also concerns for investors. To capitalize on market opportunities and navigate challenges effectively, companies must stay informed about regulatory developments, technological advancements, and market trends. Strategic partnerships, innovation, and operational efficiency will be key differentiators for success in the market.

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

    Request Free SampleThe market in the US is experiencing growth, driven by the increasing deployment of solar technology and offshore wind for electricity generation. Utility-scale solar projects are leading the charge, with capacity additions expected to continue due to grid resilience and energy affordability concerns. Federal investments and energy security considerations are also significant growth factors, as the US seeks to reduce greenhouse gas emissions in line with the Paris Agreement and various clean energy laws. Policy developments, such as renewable portfolio standards and tax-credit transfer markets, are further fueling the market's expansion. The manufacturing sector is also playing a crucial role, with advancements in solar, wind, and biofuels technology driving innovation and efficiency. The renewable energy sector's growth is not limited to the US, as the EU and other regions are also making substantial investments in renewable energy. The IEA assessment indicates that renewable energy will continue to dominate new electricity capacity additions, with biofuels and generative artificial intelligence also playing a role in the energy transition. The energy crisis and decarbonization targets are further emphasizing the importance of renewable energy in the power system integration. The UN Climate Change Conference's Energy Transitions Stocktake and the Paris Agreement's policy developments are also influencing the market's direction. Overall, the renewable energy market is a dynamic and growing sector, with significant potential for continued expansion.

    How is this Renewable Energy Investment Industry segmented?

    The renewable energy investment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. TypeAsset financeSmall distributed capacityGeographyAPACChinaJapanNorth AmericaUSEuropeGermanySouth AmericaBrazilMiddle East and Africa

    By Type Insights

    The asset finance segment is estimated to witness significant growth during the forecast period.The market is experiencing significant growth as businesses seek energy affordability and decarbonization solutions amidst increasing energy crisis and regulatory boosts. companies offering financial services for renewable power projects, such as the Clean Energy Finance Corporation, are playing a crucial role in this expansion. These entities provide investments for small-scale clean energy projects, enabling businesses, manufacturers, commercial property owners, and farmers to transition to a low-emission future. However, investments in solar thermal projects, including concentrated solar power (CSP) and solar heating systems, have declined, with offshore wind now holding the third-largest share of investments at 7%. Hydroelectric power accounts for 4%, while other renewables account for 3%. Policy developments, such as renewable portfolio standards and clean energy laws, are driving the demand for fossil fuel alternatives, particularly wind technology and solar PV. Infrastructure investment in distributed systems, grid resilience, and power system integration is also essential for the competitiveness of renewable energy. Despite challenges, such as labor costs, transmission limitatio

  19. m

    North America Renewable Energy Market Size, Share, Trends and Forecasts 2030...

    • mobilityforesights.com
    pdf
    Updated May 19, 2025
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    Mobility Foresights (2025). North America Renewable Energy Market Size, Share, Trends and Forecasts 2030 [Dataset]. https://mobilityforesights.com/product/north-america-renewable-energy-market-1
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    pdfAvailable download formats
    Dataset updated
    May 19, 2025
    Dataset authored and provided by
    Mobility Foresights
    License

    https://mobilityforesights.com/page/privacy-policyhttps://mobilityforesights.com/page/privacy-policy

    Area covered
    North America
    Description

    In North America Renewable Energy Market, Technological breakthroughs in battery storage, floating solar, and offshore wind will open new frontiers for deployment.

  20. Forecast renewable market value in Latin America 2020-2030

    • statista.com
    Updated Feb 21, 2025
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    Statista (2025). Forecast renewable market value in Latin America 2020-2030 [Dataset]. https://www.statista.com/statistics/1425286/renewables-market-size-latin-america-forecast/
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    Dataset updated
    Feb 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    LAC, Latin America
    Description

    The market size of the renewable energy sector in Latin America grew from roughly 84 billion U.S. dollars in 2020 to more than 97 billion U.S. dollars in 2022. By 2030, the sector is forecast to reach a market size of 195 billion U.S. dollars.

    More information about the renewable energy sector in Latin America can be found here.

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Close
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Mordor Intelligence (2024). US Renewable Energy Market - Size, Share, Industry Growth & Forecast [Dataset]. https://www.mordorintelligence.com/industry-reports/united-states-renewable-energy-market

US Renewable Energy Market - Size, Share, Industry Growth & Forecast

Explore at:
pdf,excel,csv,pptAvailable download formats
Dataset updated
Oct 15, 2024
Dataset authored and provided by
Mordor Intelligence
License

https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

Time period covered
2019 - 2030
Area covered
United States
Description

The Report Covers the US Renewable Energy Market Trends and Companies. The Market is Segmented Into Source (Wind, Solar, Hydropower, Bioenergy, and Other Sources [Geothermal and Renewable Municipal Waste]). The Market Size and Forecasts are Provided for Renewable Energy in Installed Capacity (GW) for all the Above Segments.

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