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.
The Asia-Pacific market for renewable energy is estimated to increase from $603.9 billion in 2024 to reach $1.0 trillion by 2029, at a CAGR of 11.2% from 2024 through 2029.
The European market for renewable energy is estimated to increase from $388.2 billion in 2024 to reach $531.7 billion by 2029, at a CAGR of 6.5% from 2024 through 2029.
Report Scope
This report analyzes the global renewable energy technologies market and its market dynamics. The market size has been provided in value ($ 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 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
Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Chapter 2 Market Overview
Overview
Porter's Five Forces Analysis
Bargaining Power of Buyers
Bargaining Power of Suppliers
Potential of New Entrants
Threat of Substitutes
Competition in the Industry
Value Chain Analysis: Renewable Energy Technologies and Global Markets
Overview
Strengths, Weaknesses, Opportunities and Threats Analysis: Renewable Energy Technologies and Global Markets
Chapter 3 Regulatory Landscape
Regulatory Landscape
Paris Agreement
Carbon Pricing
Feed-In Tariffs
Renewable Portfolio Standards
Power Purchase Agreements
Solar Energy Technologies Program
BIPV Policies, Regulations and Incentive Programs in North America
Renewable Energy
Hydropower Regulation
Chapter 4 Market Dynamics
Market Dynamics Snapshot
Market Drivers
Renewable Energy's Race to Cost Reduction
Increasing Industrial Demand for Renewable Energy
Fast Growth Momentum of Green Hydrogen Industry
Market Challenges
Lack of Efficient Infrastructure
Dominance of Crystalline Silicon Modules Across All Applications
Market Opportunities
Harnessing Offshore Renewable Energy for Green Chemical Production
Increasing Demand for Biofuels
Market Restraint
Short-Term Impacts of Crude Oil Price Fluctuations
Chapter 5 Emerging Technologies and Developments
Overview
Organic Photovoltaics, Plastic Solar Cells and Polymer Solar Cells
Dye-Sensitized Solar Cells
Perovskites Solar Cells
TOPCon Solar Cells
Multi-Junction Photovoltaics and Concentrating Photovoltaics