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Report Highlights
The global market for renewable energy is estimated to increase from $1.3 trillion in 2024 to reach $2.0 trillion by 2029, at a compound annual growth rate (CAGR) of 8.7% from 2024 through 2029.
Report Includes
- 93 data tables and 64 additional tables
- An analysis of the current and future global market for renewable energy (or green energy) technologies and coverage of the major sources of renewable energy as primary fuels
- Estimates of the market size and growth forecasts for the global market in value and volumetric terms, and a corresponding market share analysis by energy type, technology, application and region
- Facts and figures pertaining to the market dynamics, technological advances, regulations and standards, innovations, prospects, and the impact of macroeconomic factors
- Insights derived from the Porter’s Five Forces model, as well as global value/supply chain and PESTLE analyses
- Assessment of the impact of rising global demand for energy, climate change and the availability of new materials for the generation of renewable energy
- Patent analysis, emerging technologies/trends and new developments in the power generation industry
- Analysis of the industry structure, including companies’ market shares and global rankings, strategic alliances, M&A activity and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Company profiles of major players within the industry, including Drax Group plc., GE Vernova, Jinko Solar, LONGi, and Siemens Gamesa Renewable Energy
Report Scope
This report analyzes the global renewable energy technologies market and its market dynamics. The market size has been provided in value ($ millions) and volume (gigawatts). It includes a discussion of the technological, competitive and economic trends affecting the market. This report covers the major renewable energy sources as primary fuels: hydroelectric, wind, solar, geothermal, ocean energy and bioenergy.
The report briefly covers renewable energy technologies and their sub-segments. The global market has been analyzed in terms of technology, application and region. The regional market has been further segmented based on technology and renewable energy installed capacity in 19 countries spanning five regions. It concludes with detailed profiles of 15 vendors operating in the global renewable energy technologies market. This report deals only with power generation through renewable resources and thus does not focus on other applications of renewable resources. It does, however, provide essential data on applications, such as heating and lighting.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $1.25 trillion | ||||||||||||||||
| Market size forecast | $2.0 trillion | ||||||||||||||||
| Growth rate | CAGR of 8.7% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Technology, Application, Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, Rest of the World | ||||||||||||||||
| Countries covered | China, India, Japan, Vietnam, Germany, Spain, Italy, Turkey, Russia, U.S., Canada, Mexico, Brazil, Chile, Venezuela, Iran, Egypt, South Africa, UAE | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global renewable energy market should reach $1,500 billion by 2027 from $932.3 billion in 2022 at a compound annual growth rate (CAGR) of 10.0% for the forecast period of 2022 to 2027.
Report Includes
- 150 data tables and 74 additional tables
- An up-to-date review and analysis of the global markets for renewable energy (or green energy) technologies
- Analyses of the global market trends, with data from 2021, estimates for 2022 and projections of compound annual growth rates (CAGRs) through 2027
- Evaluation and forecast the global renewable energy market size both in value and volumetric terms, and corresponding market share analysis by type of energy, technology, application and region
- Discussion of the major sources of renewable energy as primary fuels, including hydroelectric, wind, solar, liquid biofuels for transportation, geothermal and oceanic sources (wave, tidal and thermal)
- Highlights of market potential for renewable energy technologies, opportunities and gaps estimating current and future demand, and COVID-19 implications on the progress of this market
- Assessment of the impact on the renewable energy technologies market brought about by the surging global demand for energy, the impact of climate change on alternative fuels, improvements in technology and the availability of new materials
- Emphasis on the factors influencing the demand for renewable energy, economics and cost implications for solar PV installation, and government regulations for energy policy and taxation
- Review of the patents granted for innovations in renewable energy technology and assessment of new developments within the industry
- Insight into the competitive landscape for key market participants in the renewable energy industry
- Descriptive company profiles of the leading global players, including ABB Ltd., Fuji Electric Co. Ltd., Hitachi Ltd., Mitsubishi Heavy Industries Ltd. and Toshiba Corp.
Report Highlights
The global market for renewable energy (excluding biofuels) should grow from $636.1 billion in 2018 to reach $855.2 billion by 2023 at a compound annual growth rate (CAGR) of 6.1% for the period of 2018-2023.
Report Includes
- 132 data tables
- An overview of the global market for renewable energy and related applications and technologies
- Analyses of global market trends, with data from 2017 to 2018, and projections of CAGRs through 2023
- Coverage of the major sources of renewable energy as primary fuels, including hydroelectric, wind, solar, liquid biofuels for transportation, geothermal, and oceanic sources (wave, tidal and thermal)
- Examination of the impact on the renewable energy market brought about by the surging global demand for energy, the impact of climate change on alternative fuels, improvements in technology, and the availability of new materials
- Information on how each source of renewable energy may employ differing technologies, have differing constraints, and offer different possibilities to different classes of users
- Comprehensive profiles of major players in the field, including Alstom Power, Bharat Heavy Electricals Ltd., General Electric, Hitachi and Toshiba Corp.
Report Highlights
In terms of revenue, the global renewable energy market (excluding biofuels) reached $432.7 billion in 2013 and $476.3 billion in 2014. This market is expected to increase to $777.6 billion in 2019, with a compound annual growth rate (CAGR) of 10.3% from 2014 to 2019.
Report Includes
- An overview of the global market for renewable energy and related applications and technologies.
- Analyses of global market trends, with data from 2013 and 2014, and projections of CAGRs through 2019.
- Coverage of the major sources of renewable energy as primary fuels including: hydroelectric, wind, solar, liquid biofuels for transportation, geothermal, and oceanic sources (wave, tidal and thermal).
- Examination of the impact on the renewable energy market brought about by the surging global demand for energy, the impact of climate change on alternative fuels, improvements in technology, and the availability of new materials.
- Information on how each source of renewable energy may employ differing technologies, have differing constraints, and offer different possibilities to different classes of users.
- Comprehensive profiles of major players in the field.
Report Highlights
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BCC Research projects continued capacity growth of renewable energy. The global renewable energy market is valued at $224 billion in 2010 and is expected to reach $331 billion by 2015, a compound annual growth rate (CAGR) of 8.1%.
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Hydroelectric power contributes a significant percentage of global electricity. This sector is worth an estimated $62 billion in 2010 and is projected to reach nearly $74 billion in 2015, a compound annual growth rate (CAGR) of 3.5%.
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Solar energy will experience the most dramatic growth over the forecast period. This sector is valued at $44 billion in 2010 and should reach $97 billion by 2015, a compound annual growth rate (CAGR) of 17%.
Report Highlights
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The value of renewable energy projects worldwide was close to $22.3 billion in 2003 and is expected to rise at an average annual growth rate (AAGR) of 13.2% through 2008, to more than $41.4 billion.
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in excess of 1.2 MW each and minimum wind farm capacities are 20 MW.
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2008, an 8.9% AAGR, with revenues climbing to $10.6 billion.
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increase to $6.0 billion in 2008.
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