The global market for Green Energy was valued at US$1.1 Trillion in 2024 and is projected to reach US$2.5 Trillion by 2030, growing at a CAGR of 15.0% 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 Green Energy market.
National governments, global corporations, and development institutions are aligning to create massive momentum behind green energy investment. Over 140 countries have now committed to net-zero targets, and renewable energy forms the backbone of these commitments. Simultaneously, volatile fossil fuel prices, geopolitical conflicts disrupting energy supply chains, and concerns over energy independence have accelerated the urgency for cleaner, domestically sourced alternatives. Renewable energy’s falling cost curve - especially for solar and wind - has made it not just viable but competitive, even in regions traditionally dependent on coal and oil.
Grid modernization is another major driver of growth. Smart grids, high-voltage transmission networks, and distributed energy resource (DER) platforms are enabling better integration of variable renewables into national power systems. Decentralized generation models - such as rooftop solar, community wind, and microgrids - are empowering consumers, improving energy access in rural areas, and reducing strain on centralized power infrastructure. Additionally, the rise of green hydrogen - produced via electrolysis using renewable electricity - is opening pathways to decarbonize hard-to-electrify sectors like steel, cement, shipping, and aviation, significantly broadening the scope of green energy.
End-use demand is expanding across multiple sectors. Utilities remain the primary offtakers of renewable power through power purchase agreements (PPAs) and utility-scale projects. However, corporate procurement of green energy is surging, led by tech companies, manufacturers, and data center operators seeking to meet ESG commitments and reduce operational emissions. Residential and commercial rooftop solar adoption is also growing, fueled by falling installation costs, energy bill savings, and supportive policy frameworks. Meanwhile, the transportation sector is integrating renewables through electric vehicle (EV) charging infrastructure, while heavy industries are beginning to pivot to green hydrogen and electrified processes.
On the end-use side, rising global energy demand, coupled with decarbonization mandates across power generation, transport, and industry, is fueling sustained demand for renewables. Corporate sustainability goals and mandatory carbon disclosure frameworks are pressuring businesses to procure clean energy at scale, while consumers increasingly favor renewable-powered homes and vehicles. Furthermore, regulatory support in the form of feed-in tariffs, tax credits, renewable portfolio standards, and green bond financing is unlocking capital and de-risking investments. As global institutions redirect capital from fossil fuels to sustainable energy infrastructure, the green energy market is poised for exponential growth and long-term transformation.
Segments: Product Type (Solar Photovoltaic, Wind Energy, Hydroelectric Power, Biofuels, Geothermal Energy); End-User (Residential, Commercial, Industrial).
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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.
Global Green Energy Market - Key Trends & Drivers Summarized
Why Is Green Energy No Longer Optional but a Global Imperative?
Green energy - derived from natural, renewable sources like solar, wind, hydro, geothermal, and biomass - has moved from niche to necessity as the world faces the dual crises of climate change and energy security. The shift away from fossil fuels is being driven by the urgent need to decarbonize economies, reduce greenhouse gas emissions, and achieve global climate targets such as those outlined in the Paris Agreement. Green energy is now recognized not only as an environmental solution but also as a long-term economic strategy for sustainable growth, resilience, and technological leadership.National governments, global corporations, and development institutions are aligning to create massive momentum behind green energy investment. Over 140 countries have now committed to net-zero targets, and renewable energy forms the backbone of these commitments. Simultaneously, volatile fossil fuel prices, geopolitical conflicts disrupting energy supply chains, and concerns over energy independence have accelerated the urgency for cleaner, domestically sourced alternatives. Renewable energy’s falling cost curve - especially for solar and wind - has made it not just viable but competitive, even in regions traditionally dependent on coal and oil.
How Are Technologies and Infrastructure Shaping the Evolution of Green Power?
Technological advancements have been central to the global scale-up of green energy. Solar photovoltaic (PV) technology has achieved record-low prices due to improvements in module efficiency, scalable manufacturing, and widespread deployment. Wind power, both onshore and offshore, has benefitted from larger turbine designs, better grid integration systems, and improved predictive analytics that enhance uptime and energy yield. Battery storage, once a key bottleneck, is advancing rapidly with innovations in lithium-ion, solid-state, and flow battery technologies, enabling round-the-clock green power availability and grid stability.Grid modernization is another major driver of growth. Smart grids, high-voltage transmission networks, and distributed energy resource (DER) platforms are enabling better integration of variable renewables into national power systems. Decentralized generation models - such as rooftop solar, community wind, and microgrids - are empowering consumers, improving energy access in rural areas, and reducing strain on centralized power infrastructure. Additionally, the rise of green hydrogen - produced via electrolysis using renewable electricity - is opening pathways to decarbonize hard-to-electrify sectors like steel, cement, shipping, and aviation, significantly broadening the scope of green energy.
Which Regions and End-Use Sectors Are Accelerating the Green Energy Transition?
The green energy transition is global, but growth dynamics vary by region. Europe leads in regulatory ambition and adoption rates, with aggressive renewable targets, carbon pricing mechanisms, and subsidies driving clean energy deployment. The U.S. market has been revitalized by the Inflation Reduction Act, which offers sweeping incentives for clean energy projects, manufacturing, and green technology innovation. In the Asia-Pacific region, China remains the world’s largest installer of solar and wind capacity, while countries like India, Japan, South Korea, and Australia are rapidly expanding their green energy infrastructure.End-use demand is expanding across multiple sectors. Utilities remain the primary offtakers of renewable power through power purchase agreements (PPAs) and utility-scale projects. However, corporate procurement of green energy is surging, led by tech companies, manufacturers, and data center operators seeking to meet ESG commitments and reduce operational emissions. Residential and commercial rooftop solar adoption is also growing, fueled by falling installation costs, energy bill savings, and supportive policy frameworks. Meanwhile, the transportation sector is integrating renewables through electric vehicle (EV) charging infrastructure, while heavy industries are beginning to pivot to green hydrogen and electrified processes.
The Growth in the Green Energy Market Is Driven by Several Factors…
The growth in the green energy market is driven by several factors directly tied to technology scalability, sectoral integration, and evolving policy landscapes. Technologically, the rapid cost declines and efficiency gains in solar PV, wind turbines, battery storage, and green hydrogen electrolysis have significantly improved the feasibility of widespread renewable deployment. Continued innovation in digital energy management, smart grid systems, and predictive analytics is enhancing system reliability and reducing intermittency challenges.On the end-use side, rising global energy demand, coupled with decarbonization mandates across power generation, transport, and industry, is fueling sustained demand for renewables. Corporate sustainability goals and mandatory carbon disclosure frameworks are pressuring businesses to procure clean energy at scale, while consumers increasingly favor renewable-powered homes and vehicles. Furthermore, regulatory support in the form of feed-in tariffs, tax credits, renewable portfolio standards, and green bond financing is unlocking capital and de-risking investments. As global institutions redirect capital from fossil fuels to sustainable energy infrastructure, the green energy market is poised for exponential growth and long-term transformation.
Report Scope
The report analyzes the Green Energy market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Product Type (Solar Photovoltaic, Wind Energy, Hydroelectric Power, Biofuels, Geothermal Energy); End-User (Residential, Commercial, Industrial).
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Solar Photovoltaic segment, which is expected to reach US$963.1 Billion by 2030 with a CAGR of a 17.1%. The Wind Energy segment is also set to grow at 12.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $283.3 Billion in 2024, and China, forecasted to grow at an impressive 14.0% CAGR to reach $384.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Green Energy Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Green Energy Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Green Energy Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ 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 Adani Green Energy Ltd., AES Corporation, Brookfield Renewable Partners, Canadian Solar Inc., Daqo New Energy Corp. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 36 companies featured in this Green Energy market report include:
- Adani Green Energy Ltd.
- AES Corporation
- Brookfield Renewable Partners
- Canadian Solar Inc.
- Daqo New Energy Corp.
- EDF Renewables
- Enel Green Power
- First Solar, Inc.
- GE Vernova
- Iberdrola S.A.
- JinkoSolar Holding Co., Ltd.
- Neoen S.A.
- NextEra Energy, Inc.
- Ørsted A/S
- Ørsted A/S
- ReNew Energy Global PLC
- Siemens Gamesa Renewable Energy
- SunPower Corporation
- TotalEnergies SE
- 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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adani Green Energy Ltd.
- AES Corporation
- Brookfield Renewable Partners
- Canadian Solar Inc.
- Daqo New Energy Corp.
- EDF Renewables
- Enel Green Power
- First Solar, Inc.
- GE Vernova
- Iberdrola S.A.
- JinkoSolar Holding Co., Ltd.
- Neoen S.A.
- NextEra Energy, Inc.
- Ørsted A/S
- Ørsted A/S
- ReNew Energy Global PLC
- Siemens Gamesa Renewable Energy
- SunPower Corporation
- TotalEnergies SE
- Vestas Wind Systems A/S
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | May 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.1 Trillion |
| Forecasted Market Value ( USD | $ 2.5 Trillion |
| Compound Annual Growth Rate | 15.0% |
| Regions Covered | Global |
