Clean Energy Transition - Global Strategic Business Report

The global market for Clean Energy Transition was valued at US$2.5 Trillion in 2024 and is projected to reach US$4.1 Trillion by 2030, growing at a CAGR of 8.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Clean Energy Transition market.

Global Clean Energy Transition - Key Trends & Drivers Summarized

Why Is the Clean Energy Transition Central to Climate Resilience, Economic Recovery, and Energy Security?

The global shift from fossil fuels to clean energy is no longer a policy ambition - it is an economic and environmental imperative. As nations face intensifying climate impacts, volatile fuel markets, and supply chain vulnerabilities, clean energy offers a pathway to decarbonize power generation, strengthen energy independence, and stimulate green industrial development. Renewable energy, electrification, and energy efficiency are being prioritized across policy frameworks, with over 140 countries now committed to net-zero emissions targets by mid-century.

This transition is also emerging as a catalyst for job creation, technology innovation, and infrastructure modernization. Governments are leveraging the clean energy shift to reboot post-pandemic economies through stimulus programs and green industrial policy. Multilateral institutions, financial regulators, and development banks are aligning investment flows with clean energy priorities, signaling a systemic transformation that goes beyond isolated project deployment to a comprehensive restructuring of energy systems and value chains.

How Are Renewable Energy Technologies Reshaping the Global Power Mix?

Solar photovoltaics, onshore and offshore wind, hydropower, and emerging technologies like green hydrogen and geothermal are displacing conventional coal and gas-based generation in power grids across regions. Advancements in energy storage, power electronics, and digital grid management are improving the flexibility and reliability of renewables, enabling them to scale in both centralized and distributed formats. Falling levelized costs of energy (LCOE) for wind and solar - now competitive or lower than fossil fuel alternatives in most markets - are accelerating adoption by utilities, corporates, and governments.

Clean energy procurement is also being driven by corporate sustainability targets, power purchase agreements (PPAs), and ESG-aligned investment mandates. As grid parity becomes the norm, renewables are no longer dependent on subsidies, and are instead becoming core pillars of national energy strategies. Hybrid renewable systems, battery-integrated solar farms, and multi-use energy parks are creating new operating models, while digital platforms are enhancing predictive maintenance, real-time monitoring, and energy yield optimization.

Which Regions and Sectors Are Leading the Clean Energy Transition?

Europe continues to lead in policy maturity, grid integration, and investment volume, propelled by the EU Green Deal, carbon pricing, and aggressive renewable targets. The U.S. is accelerating momentum through the Inflation Reduction Act, which unlocks large-scale tax incentives for clean power, electric vehicles, and energy storage. Asia-Pacific - particularly China and India - is expanding renewable capacity at scale while addressing challenges in transmission, curtailment, and coal phase-down pathways. Africa and Latin America are leveraging decentralized solar and mini-grids to expand access while pursuing climate finance for larger infrastructure.

Sector-wise, power generation remains the primary focus, but electrification is now expanding into transport, industry, and buildings. Electric vehicles, heat pumps, green steel, and low-carbon cement are moving from pilot stages to commercial adoption, requiring integrated energy planning and cross-sector coordination. Green hydrogen is gaining attention as a decarbonization lever for hard-to-abate sectors, with early projects in industrial hubs and export-oriented economies. Together, these developments reflect a broadening transition narrative that spans both horizontal (technology) and vertical (sectoral) dimensions.

What Are the Infrastructure, Policy, and Investment Bottlenecks Slowing Down Progress?

Despite rapid growth, clean energy deployment faces persistent structural barriers. Grid infrastructure is often outdated or insufficiently designed to accommodate high levels of variable renewable input. Permitting delays, land use constraints, and transmission bottlenecks slow project timelines and inflate costs. In emerging markets, lack of access to affordable capital, currency risk, and policy uncertainty remain key impediments to scaling investment and technology transfer.

Policy fragmentation, regulatory inconsistency, and weak carbon pricing frameworks continue to hinder investor confidence and long-term planning. Many countries still lack integrated energy transition roadmaps or fail to align energy, industrial, and climate policies. At the institutional level, capacity gaps in planning, implementation, and technical expertise pose challenges for developing regions. Accelerating the transition will require streamlined permitting processes, market redesign, targeted subsidies removal, and robust public-private coordination mechanisms.

Can the Clean Energy Transition Achieve Speed, Scale, and Social Equity Amid Competing Global Pressures?

While the clean energy transition is technically feasible and economically compelling, it must also be socially inclusive, geopolitically resilient, and synchronized across sectors. The global landscape is increasingly shaped by competing imperatives - energy affordability, supply security, industrial competitiveness, and climate urgency - each requiring careful balancing. The transition must deliver not just emissions reductions, but also equitable access, workforce reskilling, and regional development benefits.

Achieving this will demand coordinated multilateral action, massive investment mobilization, and transparent governance. The defining question is: Can the global clean energy transition maintain momentum and deliver on its triple mandate - climate stability, economic revitalization, and social justice - while navigating geopolitical fragmentation, supply chain volatility, and widening energy access gaps across developed and developing markets?

Report Scope

The report analyzes the Clean Energy Transition market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Type (Renewable Energy, Energy Efficiency, Electrification, Hydrogen, Other Types); End-Use (Industrial, Commercial, Residential, Utility).

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Renewable Energy Transition segment, which is expected to reach US$1.9 Trillion by 2030 with a CAGR of a 9.7%. The Energy Efficiency Transition segment is also set to grow at 5.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $682.8 Billion in 2024, and China, forecasted to grow at an impressive 13.3% CAGR to reach $890.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Clean Energy Transition Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Clean Energy Transition Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Clean Energy Transition Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ABO Energy GmbH & Co. KGaA, AES Corporation, Bloom Energy Corporation, Brookfield Renewable Partners, Canadian Solar Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Clean Energy Transition market report include:

• ABO Energy GmbH & Co. KGaA
• AES Corporation
• Bloom Energy Corporation
• Brookfield Renewable Partners
• Canadian Solar Inc.
• Constellation Energy Corporation
• EDF Renewables
• Enel Green Power S.p.A.
• ENGIE SA
• First Solar, Inc.
• Iberdrola, S.A.
• Invenergy LLC
• JinkoSolar Holding Co., Ltd.
• NextEra Energy, Inc.
• Ørsted A/S
• Plug Power Inc.
• Renewable Energy Systems Ltd.
• Scatec ASA
• Siemens Gamesa Renewable Energy
• Vestas Wind Systems A/S

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What's Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry