Renewable Energy Market Size, Share, and Trends 2024 to 2034

The global renewable energy market size is calculated at USD 1.74 billion in 2025 and is forecasted to reach around USD 7.28 billion by 2034, accelerating at a CAGR of 17.23% from 2025 to 2034. The Asia Pacific renewable energy market size surpassed USD 600 million in 2025 and is expanding at a CAGR of 17.26% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1634
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Renewable Energy Market 

5.1. COVID-19 Landscape: Renewable Energy Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Renewable Energy Market, By Product

8.1. Renewable Energy Market, By Product

8.1.1. Hydropower

8.1.1.1. Market Revenue and Forecast

8.1.2. Wind Power

8.1.2.1. Market Revenue and Forecast

8.1.3. Solar Power

8.1.3.1. Market Revenue and Forecast

8.1.4. Bioenergy

8.1.4.1. Market Revenue and Forecast

8.1.5. Others

8.1.5.1. Market Revenue and Forecast

Chapter 9. Global Renewable Energy Market, By Application

9.1. Renewable Energy Market, By Application

9.1.1. Industrial

9.1.1.1. Market Revenue and Forecast

9.1.2. Residential

9.1.2.1. Market Revenue and Forecast

9.1.3. Commercial

9.1.3.1. Market Revenue and Forecast

Chapter 10. Global Renewable Energy Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, By Product

10.1.2. Market Revenue and Forecast, By Application

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, By Product

10.1.3.2. Market Revenue and Forecast, By Application

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, By Product

10.1.4.2. Market Revenue and Forecast, By Application

10.2. Europe

10.2.1. Market Revenue and Forecast, By Product

10.2.2. Market Revenue and Forecast, By Application

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, By Product

10.2.3.2. Market Revenue and Forecast, By Application

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, By Product

10.2.4.2. Market Revenue and Forecast, By Application

10.2.5. France

10.2.5.1. Market Revenue and Forecast, By Product

10.2.5.2. Market Revenue and Forecast, By Application

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, By Product

10.2.6.2. Market Revenue and Forecast, By Application

10.3. APAC

10.3.1. Market Revenue and Forecast, By Product

10.3.2. Market Revenue and Forecast, By Application

10.3.3. India

10.3.3.1. Market Revenue and Forecast, By Product

10.3.3.2. Market Revenue and Forecast, By Application

10.3.4. China

10.3.4.1. Market Revenue and Forecast, By Product

10.3.4.2. Market Revenue and Forecast, By Application

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, By Product

10.3.5.2. Market Revenue and Forecast, By Application

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, By Product

10.3.6.2. Market Revenue and Forecast, By Application

10.4. MEA

10.4.1. Market Revenue and Forecast, By Product

10.4.2. Market Revenue and Forecast, By Application

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, By Product

10.4.3.2. Market Revenue and Forecast, By Application

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, By Product

10.4.4.2. Market Revenue and Forecast, By Application

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, By Product

10.4.5.2. Market Revenue and Forecast, By Application

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, By Product

10.4.6.2. Market Revenue and Forecast, By Application

10.5. Latin America

10.5.1. Market Revenue and Forecast, By Product

10.5.2. Market Revenue and Forecast, By Application

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, By Product

10.5.3.2. Market Revenue and Forecast, By Application

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, By Product

10.5.4.2. Market Revenue and Forecast, By Application

Chapter 11. Company Profiles

11.1. ABB

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Xcel Energy Inc.

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. EDF

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. National Grid Renewables

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Acciona

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Enel Spa

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Innergex

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. The Tata Power Company Limited

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. General Electric

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Invenergy

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global renewable energy market size was reached at USD 1.48 billion in 2024 and is anticipated to rake around USD 7.28 billion by 2034.

The global renewable energy market is expected to drive growth at a CAGR of 17.23% from 2025 to 2034.

The major players operating in the renewable energy market are ABB, Xcel Energy Inc., EDF, National Grid Renewables, Acciona, Enel Spa, Innergex, The Tata Power Company Limited, General Electric, and Invenergy.

The rising government and corporate investments towards the adoption and deployment of the renewable energy sources in the industrial and commercial sectors is driving the growth of the renewable energy market.

Asia Pacific region will lead the global renewable energy market over the next ten years.

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