Clean Energy Global Market Report 2025

The clean energy market size has grown rapidly in recent years. It will grow from $867.63 billion in 2024 to $959.44 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%.The growth during the historic period can be attributed to the expansion of government policies, increased awareness of climate change, decreasing costs of renewable energy, concerns over energy security, corporate commitments to sustainability, and growing public demand for cleaner air.

The clean energy market size is expected to see rapid growth in the next few years. It will grow to $1.42 trillion in 2029 at a compound annual growth rate (CAGR) of 10.3%.The projected growth in the forecast period can be attributed to the emergence of green hydrogen technologies, the increasing adoption of corporate sustainability commitments, the rising electrification of transport and industry, the development of carbon pricing mechanisms, and changing geopolitical priorities emphasizing energy independence and security. Key trends expected during this period include the adoption of next-generation battery storage systems, the integration of AI for grid optimization, rapid development of offshore wind projects, the expansion of solar PV within urban infrastructure, the scaling up of carbon capture technologies, and advancements in electrification.

The increasing demand for energy is anticipated to drive the growth of the clean energy market in the coming years. Energy, defined as the capacity to perform work or induce change, appears in various forms such as heat, light, motion, electrical, chemical, and nuclear energy, and is essential for operating physical systems and processes. This growing energy demand is being driven by rising populations, expanding economies, and rapid technological advancements that boost energy consumption. Clean energy meets this demand by converting natural sources like sunlight, wind, and water into electricity or heat used in homes, industries, and transportation. For example, in February 2025, the World Resources Institute, a U.S.-based non-profit organization, reported that solar energy reached a new milestone in 2024 by adding approximately 39.6 gigawatts (GW) of capacity, surpassing the 27.4 GW added in 2023. Hence, the surge in energy demand is fueling the clean energy market.

Leading companies in the clean energy industry are advancing through initiatives such as the development of green energy platforms to enhance the integration of renewables, improve grid performance, support decarbonization goals, and deliver scalable, data-driven clean power solutions. A green energy platform is a system that facilitates the production and management of clean energy from renewable sources. For instance, in September 2022, Serentica Renewables, an India-based energy management company, launched a green energy platform aimed at supplying uninterrupted clean power to industrial clients. The initiative began with 1,500 MW of solar and wind projects, with plans to expand to 5,000 MW and reduce 20 million tonnes of CO₂ emissions. These projects are designed as hybrid installations, combining solar and wind power and supported by energy storage and smart grid technologies to ensure consistent and reliable green energy delivery.

In June 2022, Chevron Corporation, a U.S.-based energy company, acquired Renewable Energy Group Inc. for $3.15 billion. This acquisition was part of Chevron’s strategy to accelerate its presence in the renewable fuels sector and strengthen its position in the low-carbon energy market. Renewable Energy Group Inc., also based in the U.S., is a biodiesel producer that focuses on providing lower-carbon fuel solutions.

Major players in the clean energy market are Enel Spa, Siemens AG, General Electric Company, ABB Ltd., Next Era Energy Partners, Acconia SA, Orsted A/S, Jinko Solar Holding Co., Vestas Wind Systems, Trina Solar Limited, JA Solar Technology Co., Canadian Solar, Nordex SE, Renewable Energy Group, First Solar Inc., Sun Power Corporation, Suzlon Energy Ltd., Plug Power, Neoen Pty Ltd., Scatec ASA.

Asia Pacific was the largest region in the clean energy market in 2024. The regions covered in clean energy report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the clean energy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Clean energy refers to power generated using methods that do not emit harmful pollutants into the environment, especially greenhouse gases. It is derived from renewable sources like wind, solar, hydro, and geothermal energy, which have a significantly lower environmental impact compared to fossil fuels.

The primary products in the clean energy sector include solar panels, wind turbines, hydroelectric generators, geothermal heat pumps, biomass boilers, wave energy converters, hydrogen fuel cells, and nuclear reactors. Solar panels utilize semiconductor materials to absorb sunlight and convert it into electricity. These systems can be installed in multiple formats, such as rooftop, ground-mounted, building-integrated, off-grid, grid-connected, in retrofit projects, and new construction. Core technologies involve photovoltaic (PV), concentrated solar power (CSP), horizontal and vertical axis wind turbines, run-of-the-river hydro systems, binary cycle geothermal plants, anaerobic digestion, and tidal stream technology. These are implemented through various deployment approaches including onshore, offshore, floating, distributed, centralized, microgrid, and standalone models. They are applied across a wide range of sectors such as residential, commercial, industrial, utility-scale, transportation, agriculture, and marine industries.

The clean energy market research report is one of a series of new reports that provides clean energy market statistics, including the clean energy industry global market size, regional shares, competitors with the clean energy market share, detailed clean energy market segments, market trends, and opportunities, and any further data you may need to thrive in the clean energy industry. This clean energy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The clean energy market consists of revenues earned by entities by providing services such as energy storage solutions, grid integration and management, energy efficiency consulting, and microgrid and distributed energy services. The market value includes the value of related goods sold by the service provider or included within the service offering. The clean energy market also includes sales of solar panels and solar power systems, wind turbines, hydrogen fuel cells and electrolyzers, and geothermal and biomass systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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