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Global Renewable Energy Market Research Report: Forecast (2025-2030)

Renewable Energy Market Report - By Source (Solar, Wind, Hydro, Others (Biomass, geothermal, etc.)), By End User (Residential, Commercial, Industrial), and Others... Read more

Energy
May 2024
Pages 198
Report Format: PDF, Excel, PPT

Market Definition

The energy generated from non-polluting and abundant resources, such as solar, wind, water, etc., is known as a renewable form of energy. The infinite availability of these resources showcases them as lucrative raw materials for energy generation. Low-to-zero combustion processes during the generation of electricity through renewable energy sources make them non-polluting and green energy sources.

Market Insights & Analysis: Global Renewable Energy Market (2025-30):

The Global Renewable Energy Market size was valued at around USD 1080 billion in 2024 and is projected to reach USD 1918 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12.17% during the forecast period, i.e., 2025-30. The rapid growth of the market is attributed to increased research & development for the advancement of renewable systems & infrastructure, along with the strategic initiatives launched by national governments across the globe. The technological enhancements made by the players in the renewable energy market for better integration of renewable systems across residential, commercial, and industrial sectors are also key to the growth of the market.

Moreover, renewable authorities in countries across the globe have been allocating a considerable amount of funds to the research institute for the innovation of more efficient solar photovoltaic panels, floating solar & wind power plants, etc., hence portraying an opportunistic picture for market growth & expansion in the coming years. For Instance:

In 2023, a grant of nearly USD 48 million was announced by the US Department of Energy’s Wind Energy Technologies Office for research on Offshore Wind National and Regional Research and Development. This research aims to improve offshore wind infrastructure and wildlife protection on offshore plants through the latest monitoring technologies.

Report Coverage	Details
Historical Years	2020-23
Base Years	2024
Forecast Years	2025-30
Market Value in 2024	USD 1080 Billion
Market Value by 2030	USD 1918 Billion
CAGR (2025-30)	12.17%
Top Key Players	Iberdrola, Siemens Gamesa, Ørsted A/S, NextEra Energy, Inc., EDf Renewable, General Electric, Vestas, Acciona, S.A., Canadian Solar, Enel Green Power SpA, Lightsource BP, Adani Green Energy Ltd., Tata Power Renewables, Enterprize Energy, JSW Energy, and others
Key Report Highlights	Market Dimensions & Projections Pricing Evaluation, Recent Strategic Moves by Companies, Primary Stakeholders, Analysis of Import and Export Trends, Competitive Landscape Assessment, Emerging Opportunities, Market Trends and Indicators

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Furthermore, the surging demand for electricity from new and budding consumers, such as transportation, has been further pushing the installation of larger renewable power plants around the world. Carbon emissions from power generation are one of the main reasons for climate change. According to the International Energy Agency (IEA), energy-related carbon emissions soared by almost 0.9% in 2022 when compared with 2021. Vehicle manufacturers from around the world have been introducing clean transportation systems, i.e., electric vehicles, to reduce carbon emissions from the transport sector.

Both passenger and commercial vehicles have observed a booming trend in the launch of new vehicles targeting each consumer segment, such as individual cars, family cars, medium commercial trucks, and a few others. This is in line with the climate-change goals of these automotive players. Volkswagen AG, to support the Paris Agreement 2050, has vowed to launch about 70 all-electric vehicle models by 2030 and aims to be completely carbon neutral by 2050 in both vehicle production and vehicle offerings. Such tremendous steps towards decarbonization and improving the overall health of the environment are further anticipated to propel the size & volume of the Renewable Energy Market during the forecast period.

In addition, the growing efficiency of renewable energy power plants as opposed to traditional coal, oil, or natural gas power plants has also increased the establishment of green energy power plants. The decreasing rate of intermittency issues, with the help of battery storage and advanced design and engineering of the plant infrastructure, is pushing the installation of electricity generation units from solar and wind sources, and hence augmenting market growth & expansion.

Market Segmentation
Introduction
1. Research Process
2. Market Definition
3. Assumption
Executive Summary
Global Renewable Energy Market Trends & Development
Global Renewable Energy Market Dynamics
1. Growth Drivers
2. Challenges
Global Renewable Energy Market Hotspots & Opportunities
Global Renewable Energy Market Value Chain Analysis
Global Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWh)
2. Market Share & Analysis
  1. By Source
    1. Solar – Market Size & Forecast, 2020-2030, MWh
    2. Wind – Market Size & Forecast, 2020-2030, MWh
    3. Hydro – Market Size & Forecast, 2020-2030, MWh
    4. Others (Biomass, geothermal, etc.) – Market Size & Forecast, 2020-2030, MWh
  2. By End User
    1. Residential – Market Size & Forecast, 2020-2030, MWh
    2. Commercial – Market Size & Forecast, 2020-2030, MWh
    3. Industrial – Market Size & Forecast, 2020-2030, MWh
  3. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  4. By Company
    1. Competition Characteristics
    2. Market Share & Analysis
North America Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWh)
2. Market Share & Analysis
  1. By Source – Market Size & Forecast, 2020-2030, MWh
  2. By End User – Market Size & Forecast, 2020-2030, MWh
  3. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
4. Canada Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
5. Mexico Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
South America Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWh)
2. Market Share & Analysis
  1. By Source – Market Size & Forecast, 2020-2030, MWh
  2. By End User – Market Size & Forecast, 2020-2030, MWh
  3. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
4. Argentina Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
Europe Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWh)
2. Market Share & Analysis
  1. By Source – Market Size & Forecast, 2020-2030, MWh
  2. By End User – Market Size & Forecast, 2020-2030, MWh
  3. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Spain
    6. Scandinavia
    7. Benelux
    8. Rest of Europe
3. Germany Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
4. The UK Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
5. France Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
6. Italy Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
7. Spain Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
8. Scandinavia Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
9. Benelux Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
The Middle East & Africa Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWh)
2. Market Share & Analysis
  1. By Source – Market Size & Forecast, 2020-2030, MWh
  2. By End User – Market Size & Forecast, 2020-2030, MWh
  3. By Country
    1. Saudi Arabia
    2. The UAE
    3. South Africa
    4. Egypt
    5. Turkey
    6. Israel
    7. Rest of The Middle East & Africa
3. Saudi Arabia Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
4. The UAE Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
5. South Africa Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
6. Egypt Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
7. Turkey Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
8. Israel Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
Asia-Pacific Renewable Energy Market Analysis, 2020-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWh)
2. Market Share & Analysis
  1. By Source – Market Size & Forecast, 2020-2030, MWh
  2. By End User – Market Size & Forecast, 2020-2030, MWh
  3. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Oceania
    6. Southeast Asia
    7. Rest of Asia-Pacific
3. China Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
4. India Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
5. Japan Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
6. South Korea Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
7. Oceania Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
8. Southeast Asia Renewable Energy Market Analysis, 2020-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Installed Capacity (MWh)
  2. Market Share & Analysis
    1. By Source – Market Size & Forecast, 2020-2030, MWh
    2. By End User – Market Size & Forecast, 2020-2030, MWh
Global Renewable Energy Market Strategic Imperatives for Growth & Success
Competition Outlook
1. Company Profiles
  1. Iberdrola
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Siemens Gamesa
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Ørsted A/S
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. NextEra Energy, Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. EDF Renewable
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Vestas
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. General Electric
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Acciona, S.A.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Canadian Solar
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Enel Green Power SpA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Lightsource BP
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Adani Green Energy Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Tata Power Renewables
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Enterprize Energy
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. JSW Energy
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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