Report Scope & Overview:
The global renewable energy market is poised for substantial expansion as governments, businesses, and consumers increasingly shift towards sustainable energy solutions. The market, valued at USD 757.38 billion in 2024, is projected to grow to USD 1.36 trillion by 2031, registering a CAGR of 8.9% during the forecast period.
Market Overview
Renewable energy, derived from naturally replenishing sources such as sunlight, wind, water, and bioenergy, plays a crucial role in reducing dependence on fossil fuels and mitigating climate change. The industry is witnessing rapid growth, fueled by technological advancements, favorable government policies, and increased investments in green energy infrastructure.
Market Segmentation
By Product:
Hydropower
Wind Power
Solar Power
Bioenergy
Others
By Application:
Industrial
Residential
Commercial
By Key Players:
Leading global players in the renewable energy market include:
Enel
Vattenfall AB
Iberdrola
Tokyo Electric Power
Xcel Energy
ACCIONA
RWE Group
Exelon Corporation
Hawaiian Electric
Duke Energy
Innergex
Tata Power
EnBW
Invenergy
China Three Gorges Corporation
China Huaneng Group
SDIC Power Holdings
China Energy
China Datang Corporation
China Resources Power
Regional Analysis
The renewable energy market is experiencing growth across all major regions:
North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, and Rest of APAC
Middle East & Africa: Saudi Arabia, UAE, South Africa, Egypt, Israel, and Rest of MEA
South America: Brazil, Argentina, and Rest of South America
Future Outlook & Key Trends
The renewable energy sector is expected to witness several transformative trends, including:
Energy Storage Integration: Advances in battery storage technology are enhancing the efficiency and reliability of renewable energy sources.
Grid Modernization: Smart grids and digital technologies are facilitating better energy distribution and consumption management.
Decentralized Energy Systems: Growth in off-grid and distributed energy solutions is increasing energy access in remote regions.
Corporate Sustainability Initiatives: Major corporations are investing heavily in renewable energy to meet net-zero carbon targets.
Government Incentives & Policies: Favorable regulatory frameworks, tax credits, and subsidies continue to drive market expansion.
Why Purchase the Renewable Energy Market Report?
Comprehensive Market Insights: Understand key trends, growth factors, and challenges in the industry.
Competitive Landscape Analysis: Identify major market players, their strategies, and market positioning.
Consumer Behavior & Demand Forecasting: Gain insights into energy consumption patterns and preferences.
Investment & Business Strategy Guidance: Evaluate market opportunities and develop data-driven investment strategies.
Regulatory & Policy Assessment: Stay updated on evolving policies and their impact on the renewable energy sector.
Frequently Asked Questions
TABLE OF CONTENT
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Renewable Energy by Type
1.3.1 Overview: Global Renewable Energy Market Size by Type: 2020 Versus 2024 Versus 2031
1.3.2 Global Renewable Energy Consumption Value Market Share by Type in 2024
1.3.3 Hydro & Ocean Energy
1.3.4 Wind Energy
1.3.5 Solar Energy
1.3.6 Bio-energy
1.3.7 Others
1.4 Global Renewable Energy Market by Application
1.4.1 Overview: Global Renewable Energy Market Size by Application: 2020 Versus 2024 Versus 2031
1.4.2 Industrial
1.4.3 Commercial
1.4.4 Residential
1.4.5 Others
1.5 Global Renewable Energy Market Size & Forecast
1.6 Global Renewable Energy Market Size and Forecast by Region
1.6.1 Global Renewable Energy Market Size by Region: 2020 VS 2024 VS 2031
1.6.2 Global Renewable Energy Market Size by Region, (2020-2031)
1.6.3 North America Renewable Energy Market Size and Prospect (2020-2031)
1.6.4 Europe Renewable Energy Market Size and Prospect (2020-2031)
1.6.5 Asia-Pacific Renewable Energy Market Size and Prospect (2020-2031)
1.6.6 South America Renewable Energy Market Size and Prospect (2020-2031)
1.6.7 Middle East & Africa Renewable Energy Market Size and Prospect (2020-2031)
2 Company Profiles
2.1 Enel
2.1.1 Enel Details
2.1.2 Enel Major Business
2.1.3 Enel Renewable Energy Product and Solutions
2.1.4 Enel Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Enel Recent Developments and Future Plans
2.2 Vattenfall AB
2.2.1 Vattenfall AB Details
2.2.2 Vattenfall AB Major Business
2.2.3 Vattenfall AB Renewable Energy Product and Solutions
2.2.4 Vattenfall AB Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 Vattenfall AB Recent Developments and Future Plans
2.3 Iberdrola
2.3.1 Iberdrola Details
2.3.2 Iberdrola Major Business
2.3.3 Iberdrola Renewable Energy Product and Solutions
2.3.4 Iberdrola Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Iberdrola Recent Developments and Future Plans
2.4 Tokyo Electric Power
2.4.1 Tokyo Electric Power Details
2.4.2 Tokyo Electric Power Major Business
2.4.3 Tokyo Electric Power Renewable Energy Product and Solutions
2.4.4 Tokyo Electric Power Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Tokyo Electric Power Recent Developments and Future Plans
2.5 Xcel Energy
2.5.1 Xcel Energy Details
2.5.2 Xcel Energy Major Business
2.5.3 Xcel Energy Renewable Energy Product and Solutions
2.5.4 Xcel Energy Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Xcel Energy Recent Developments and Future Plans
2.6 ACCIONA
2.6.1 ACCIONA Details
2.6.2 ACCIONA Major Business
2.6.3 ACCIONA Renewable Energy Product and Solutions
2.6.4 ACCIONA Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 ACCIONA Recent Developments and Future Plans
2.7 RWE Group
2.7.1 RWE Group Details
2.7.2 RWE Group Major Business
2.7.3 RWE Group Renewable Energy Product and Solutions
2.7.4 RWE Group Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 RWE Group Recent Developments and Future Plans
2.8 Exelon Corporation
2.8.1 Exelon Corporation Details
2.8.2 Exelon Corporation Major Business
2.8.3 Exelon Corporation Renewable Energy Product and Solutions
2.8.4 Exelon Corporation Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Exelon Corporation Recent Developments and Future Plans
2.9 Hawaiian Electric
2.9.1 Hawaiian Electric Details
2.9.2 Hawaiian Electric Major Business
2.9.3 Hawaiian Electric Renewable Energy Product and Solutions
2.9.4 Hawaiian Electric Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Hawaiian Electric Recent Developments and Future Plans
2.10 Duke Energy
2.10.1 Duke Energy Details
2.10.2 Duke Energy Major Business
2.10.3 Duke Energy Renewable Energy Product and Solutions
2.10.4 Duke Energy Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Duke Energy Recent Developments and Future Plans
2.11 Innergex
2.11.1 Innergex Details
2.11.2 Innergex Major Business
2.11.3 Innergex Renewable Energy Product and Solutions
2.11.4 Innergex Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 Innergex Recent Developments and Future Plans
2.12 Tata Power
2.12.1 Tata Power Details
2.12.2 Tata Power Major Business
2.12.3 Tata Power Renewable Energy Product and Solutions
2.12.4 Tata Power Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Tata Power Recent Developments and Future Plans
2.13 EnBW
2.13.1 EnBW Details
2.13.2 EnBW Major Business
2.13.3 EnBW Renewable Energy Product and Solutions
2.13.4 EnBW Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.13.5 EnBW Recent Developments and Future Plans
2.14 Invenergy
2.14.1 Invenergy Details
2.14.2 Invenergy Major Business
2.14.3 Invenergy Renewable Energy Product and Solutions
2.14.4 Invenergy Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.14.5 Invenergy Recent Developments and Future Plans
2.15 China Three Gorges Corporation
2.15.1 China Three Gorges Corporation Details
2.15.2 China Three Gorges Corporation Major Business
2.15.3 China Three Gorges Corporation Renewable Energy Product and Solutions
2.15.4 China Three Gorges Corporation Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.15.5 China Three Gorges Corporation Recent Developments and Future Plans
2.16 China Huaneng Group
2.16.1 China Huaneng Group Details
2.16.2 China Huaneng Group Major Business
2.16.3 China Huaneng Group Renewable Energy Product and Solutions
2.16.4 China Huaneng Group Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.16.5 China Huaneng Group Recent Developments and Future Plans
2.17 SDIC Power Holdings
2.17.1 SDIC Power Holdings Details
2.17.2 SDIC Power Holdings Major Business
2.17.3 SDIC Power Holdings Renewable Energy Product and Solutions
2.17.4 SDIC Power Holdings Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.17.5 SDIC Power Holdings Recent Developments and Future Plans
2.18 China Energy
2.18.1 China Energy Details
2.18.2 China Energy Major Business
2.18.3 China Energy Renewable Energy Product and Solutions
2.18.4 China Energy Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.18.5 China Energy Recent Developments and Future Plans
2.19 China Datang Corporation
2.19.1 China Datang Corporation Details
2.19.2 China Datang Corporation Major Business
2.19.3 China Datang Corporation Renewable Energy Product and Solutions
2.19.4 China Datang Corporation Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.19.5 China Datang Corporation Recent Developments and Future Plans
2.20 China Resources Power
2.20.1 China Resources Power Details
2.20.2 China Resources Power Major Business
2.20.3 China Resources Power Renewable Energy Product and Solutions
2.20.4 China Resources Power Renewable Energy Revenue, Gross Margin and Market Share (2020-2025)
2.20.5 China Resources Power Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Renewable Energy Revenue and Share by Players (2020-2025)
3.2 Market Share Analysis (2024)
3.2.1 Market Share of Renewable Energy by Company Revenue
3.2.2 Top 3 Renewable Energy Players Market Share in 2024
3.2.3 Top 6 Renewable Energy Players Market Share in 2024
3.3 Renewable Energy Market: Overall Company Footprint Analysis
3.3.1 Renewable Energy Market: Region Footprint
3.3.2 Renewable Energy Market: Company Product Type Footprint
3.3.3 Renewable Energy Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Renewable Energy Consumption Value and Market Share by Type (2020-2025)
4.2 Global Renewable Energy Market Forecast by Type (2026-2031)
5 Market Size Segment by Application
5.1 Global Renewable Energy Consumption Value Market Share by Application (2020-2025)
5.2 Global Renewable Energy Market Forecast by Application (2026-2031)
6 North America
6.1 North America Renewable Energy Consumption Value by Type (2020-2031)
6.2 North America Renewable Energy Market Size by Application (2020-2031)
6.3 North America Renewable Energy Market Size by Country
6.3.1 North America Renewable Energy Consumption Value by Country (2020-2031)
6.3.2 United States Renewable Energy Market Size and Forecast (2020-2031)
6.3.3 Canada Renewable Energy Market Size and Forecast (2020-2031)
6.3.4 Mexico Renewable Energy Market Size and Forecast (2020-2031)
7 Europe
7.1 Europe Renewable Energy Consumption Value by Type (2020-2031)
7.2 Europe Renewable Energy Consumption Value by Application (2020-2031)
7.3 Europe Renewable Energy Market Size by Country
7.3.1 Europe Renewable Energy Consumption Value by Country (2020-2031)
7.3.2 Germany Renewable Energy Market Size and Forecast (2020-2031)
7.3.3 France Renewable Energy Market Size and Forecast (2020-2031)
7.3.4 United Kingdom Renewable Energy Market Size and Forecast (2020-2031)
7.3.5 Russia Renewable Energy Market Size and Forecast (2020-2031)
7.3.6 Italy Renewable Energy Market Size and Forecast (2020-2031)
8 Asia-Pacific
8.1 Asia-Pacific Renewable Energy Consumption Value by Type (2020-2031)
8.2 Asia-Pacific Renewable Energy Consumption Value by Application (2020-2031)
8.3 Asia-Pacific Renewable Energy Market Size by Region
8.3.1 Asia-Pacific Renewable Energy Consumption Value by Region (2020-2031)
8.3.2 China Renewable Energy Market Size and Forecast (2020-2031)
8.3.3 Japan Renewable Energy Market Size and Forecast (2020-2031)
8.3.4 South Korea Renewable Energy Market Size and Forecast (2020-2031)
8.3.5 India Renewable Energy Market Size and Forecast (2020-2031)
8.3.6 Southeast Asia Renewable Energy Market Size and Forecast (2020-2031)
8.3.7 Australia Renewable Energy Market Size and Forecast (2020-2031)
9 South America
9.1 South America Renewable Energy Consumption Value by Type (2020-2031)
9.2 South America Renewable Energy Consumption Value by Application (2020-2031)
9.3 South America Renewable Energy Market Size by Country
9.3.1 South America Renewable Energy Consumption Value by Country (2020-2031)
9.3.2 Brazil Renewable Energy Market Size and Forecast (2020-2031)
9.3.3 Argentina Renewable Energy Market Size and Forecast (2020-2031)
10 Middle East & Africa
10.1 Middle East & Africa Renewable Energy Consumption Value by Type (2020-2031)
10.2 Middle East & Africa Renewable Energy Consumption Value by Application (2020-2031)
10.3 Middle East & Africa Renewable Energy Market Size by Country
10.3.1 Middle East & Africa Renewable Energy Consumption Value by Country (2020-2031)
10.3.2 Turkey Renewable Energy Market Size and Forecast (2020-2031)
10.3.3 Saudi Arabia Renewable Energy Market Size and Forecast (2020-2031)
10.3.4 UAE Renewable Energy Market Size and Forecast (2020-2031)
11 Market Dynamics
11.1 Renewable Energy Market Drivers
11.2 Renewable Energy Market Restraints
11.3 Renewable Energy Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Renewable Energy Industry Chain
12.2 Renewable Energy Upstream Analysis
12.3 Renewable Energy Midstream Analysis
12.4 Renewable Energy Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
Major Market Players
Enel
Vattenfall AB
Iberdrola
Tokyo Electric Power
Xcel Energy
ACCIONA
RWE Group
Exelon Corporation
Hawaiian Electric
Duke Energy
Innergex
Tata Power
EnBW
Invenergy
China Three Gorges Corporation
China Huaneng Group
SDIC Power Holdings
China Energy
China Datang Corporation
China Resources Power
Renewable Energy Market
Global Renewable Energy Market Size, Share, Trends, Growth, Industry Analysis, Key Players, Future Development & Forecast
Marine Watermakers Market
Global Marine Watermakers Market Size, Share, Trends, Growth, Industry Analysis, Key Players, Revenue, Future Development & Forecast
Marine Solar Panels Market
Global Marine Solar Panels Market Size, Share, Trends, Growth, Industry Analysis, Key Players, Revenue, Future Development & Forecast
Industrial Solar Power Generation Systems Market
Global Industrial Solar Power Generation Systems Market Size, Share, Trends, Growth, Industry Analysis, Key Players, Revenue, Future Development & Forecast
Commercial Solar Power Generation Systems Market
Global Commercial Solar Power Generation Systems Market Size, Share, Trends, Growth, Industry Analysis, Key Players, Revenue, Future Development & Forecast
