Green Power - Global Strategic Business Report

The global market for Green Power was estimated at US$44.8 Billion in 2024 and is projected to reach US$102.1 Billion by 2030, growing at a CAGR of 14.7% 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 Power market.

Global 'Green Power' Market - Key Trends & Drivers Summarized

Why Is Green Power Becoming the Backbone of Global Energy Transition Efforts?

Green power generated from renewable sources such as wind, solar, hydro, and geothermal is rapidly reshaping the global energy landscape. As concerns about climate change, energy security, and fossil fuel dependency intensify, green power is no longer just an environmental option but an economic and strategic imperative. Governments, corporations, and households are increasingly shifting toward renewable electricity to meet decarbonization targets, reduce emissions, and build more resilient energy systems. The rise of net-zero pledges and environmental, social, and governance (ESG) frameworks is accelerating demand for green energy across every sector, from transportation and manufacturing to real estate and data centers.

What Technological Advancements Are Making Green Power More Competitive?

Continuous innovation has drastically improved the efficiency, reliability, and cost-effectiveness of green power systems. Solar PV modules have achieved higher conversion rates, while wind turbines are being engineered for larger capacities and offshore deployment. Grid-scale battery storage systems are being integrated to address intermittency, ensuring power availability during peak demand. Digital solutions such as AI-driven energy management, smart inverters, and predictive maintenance are optimizing generation and distribution. Green hydrogen, produced using renewable electricity, is also emerging as a flexible storage medium and fuel substitute. These technological strides are enabling renewables to compete with and in many regions, outcompete traditional fossil fuels on both price and performance.

How Are Global Markets and Policy Frameworks Shaping Green Power Adoption?

Europe continues to lead green power adoption, driven by aggressive climate goals, carbon pricing mechanisms, and a well-developed regulatory ecosystem. North America is witnessing rapid expansion, particularly in the U.S., where federal tax incentives, state-level mandates, and corporate procurement initiatives are driving deployment. Asia-Pacific is poised for explosive growth, with China and India investing heavily in solar and wind capacity to meet both energy demand and carbon neutrality targets. In Latin America and Africa, abundant solar and hydro resources are unlocking new opportunities, especially as international funding and public-private partnerships support infrastructure development. The globalization of power purchase agreements (PPAs) is also enabling companies to directly procure green electricity across borders.

What Are the Market Drivers and Challenges in the Green Power Sector?

The growth in the green power market is driven by declining technology costs, regulatory mandates, growing corporate commitments to renewable energy, and rising public support for decarbonization. Investment in transmission upgrades, energy storage, and electrification of end-use sectors is further enhancing market potential. However, challenges persist, including grid integration issues, regulatory delays, land use conflicts, and supply chain disruptions for key materials like polysilicon and rare earth metals. Policy uncertainty and financing hurdles can also slow adoption in emerging markets. Nevertheless, the alignment of economic, technological, and environmental priorities ensures that green power will remain a foundational pillar in the global energy transition.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Wind Energy segment, which is expected to reach US$44.9 Billion by 2030 with a CAGR of a 16.4%. The Solar Energy segment is also set to grow at 14.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $12.2 Billion in 2024, and China, forecasted to grow at an impressive 19.8% CAGR to reach $22.3 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 Power 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 Power 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 Power 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 Acciona, S.A., Algonquin Power & Utilities Corp., 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 39 companies featured in this Green Power market report include:

• Acciona, S.A.
• Algonquin Power & Utilities Corp.
• Brookfield Renewable Partners
• Canadian Solar Inc.
• Constellation Energy Corporation
• Daqo New Energy Corp.
• EDP Renewables
• Enel Green Power
• Engie
• First Solar, Inc.
• Iberdrola, S.A.
• JinkoSolar Holding Co., Ltd.
• Longi Green Energy Technology Co.
• NextEra Energy, Inc.
• Ørsted A/S
• Pattern Energy Group Inc.
• RWE AG
• Siemens Gamesa Renewable Energy
• Statkraft AS
• SunPower Corporation
• Tata Power Solar Systems Ltd.
• Tesla, Inc.
• Trina Solar Limited
• Vattenfall AB
• Vestas Wind Systems A/S

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.