Renewable Energy Market Breakdown By Size, Share, Growth, Trends, and Industry 2030

0
355

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Renewable Energy Market Industry (2025-2030):

According to the latest report, the Renewable Energy Market size was valued at around USD 1080 billion in 2024 and is projected to reach USD 1918 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12.17% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the Renewable Energy Market.

Key Takeaways: Beneficial for Stakeholders and Clients

  • Historic Period: 2020-2023
  • Base year: 2024
  • Forecast Years: 2025-2030
  • CAGR (2025-30): 12.17%
  • Market Value in 2023: USD 1080 Billion
  • Market Value By 2030: USD 1918 Billion

What are the major Driver the Renewable Energy industry?

Rising Energy Security Concerns to Drive Market Growth – In today’s world, being energy-dependent is a serious threat to the nation’s economy. The conventional energy sources being limited to some parts of the globe disturbed the balance of power & income between nations. Therefore, a crucial need for upgrading and transitioning to new energy sources arose. Nations with low reserves of fossil fuels have been the first to deploy renewable energy in their existing power grids. Countries such as China and India have rapidly increased the share of renewables, especially solar, in their energy mix, helping in the steady addition of global renewable energy capacity each year. As per the IEA, in 2023 alone, approximately 510 GW was added to the existing capacity, which is estimated to be an increase of about 50% in contrast with that of 2022. For this, the countries have extended support to the private players in terms of policy support, financial support, etc., which has been fueling the market size & volume of renewable energy globally. For Instance,

In 2023, the Indian government aimed to invest nearly USD 4.3 billion for its energy security goals and green energy transition plans.

Download a sample PDF of this report to gain insights into the complete report structure

https://www.marknteladvisors.com/query/request-sample/renewable-energy-market.html

Renewable Energy Market Segmentation

The Renewable Energy Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

  • By Source
    • Solar – Market Size & Forecast, 2020-2030, MWh
    • Wind – Market Size & Forecast, 2020-2030, MWh
    • Hydro – Market Size & Forecast, 2020-2030, MWh
    • Others (Biomass, geothermal, etc.) – Market Size & Forecast, 2020-2030, MWh
  • By End User
    • Residential – Market Size & Forecast, 2020-2030, MWh
    • Commercial – Market Size & Forecast, 2020-2030, MWh
    • Industrial – Market Size & Forecast, 2020-2030, MWh
  • By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

As per the regional aspect, the Renewable Energy Market is expected to be dominated by North America by capturing the potential market share. 

Explore further details about this research report-

https://www.marknteladvisors.com/research-library/renewable-energy-market.html

Top Companies in the Renewable Energy Market

Iberdrola, Siemens Gamesa, Orsted A/S, NextEra Energy, Inc., EDf Renewable, General Electric, Vestas, Acciona, S.A., Canadian Solar, Enel Green Power SpA, Lightsource BP, Adani Green Energy Ltd, Tata Power Renewables, Enterprize Energy, JSW Energy, and others

Renewable Energy Industry Recent Development:

  • 2024: Spanish renewable energy giant Siemens Gamesa attained a contract for the production, delivery, and servicing of wind turbines with a capacity of 14.4 MW for a 1.44 GW offshore wind farm in Poland. The company had received this contract from Equinor and Polenergia. This project aims to supply electricity to nearly 2 million Polish homes.

 

  • 2023: The Indian Ministry of New and Renewable Energy and the Saudi Arabian Ministry of Investment agreed to support investments in each other's new & renewable energy, specifically solar, wind, and green hydrogen. A Memorandum of Understanding (MoU) was signed for synergy between the two countries regarding the electrical connection between India and Saudi Arabia, the supply of electricity during peak load and emergency cases, a better supply chain, the co-development of projects, etc.

 Why Markntel Advisor Report?

Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comparisons of products and services.

Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

Need personalized insights? Click here to customize this report-

https://www.marknteladvisors.com/query/request-customization/renewable-energy-market.html

For Further Queries:

Contact Us

MarkNtel Advisors

+1 628 895 8081, +91 120 4278433

sales@marknteladvisors.com

Corporate Office: Office No.109,

H-159, Sector 63, Noida, Uttar Pradesh - 201301, India

البحث
إعلان مُمول
Title of the document
إعلان مُمول
ABU STUDENT PACKAGE
الأقسام
إقرأ المزيد
Film
[News 18+] cristoferidas video morad video morad filtrado x twitter cristoferideas morad gdm
🌐 CLICK HERE 🟢==►► WATCH NOW 🔴 CLICK HERE 🌐==►► Download Now...
بواسطة Guifet Guifet 2025-03-25 03:35:31 0 193
Literature
Cage Innovations: A Comprehensive Analysis of the Interbody Fusion Market
Interbody Fusion Cage Market is expected to grow at a CAGR of 3.4% during the forecast...
بواسطة Aishwarya Bhasme 2024-01-16 14:02:27 0 2كيلو بايت
Film
[Trending!]] Sophie Rain SpiderMan Viral Video scm
CLICK THIS L!NKK 🔴📱👉...
بواسطة Guifet Guifet 2025-01-05 19:28:54 0 408
Shopping
China Labor Safety KN95 Mask suppliers
China Labor Safety KN95 Mask suppliers Ningbo Meiqi Tools Co., Ltd. was established in 2003. It...
بواسطة Xingdong511 Xingdong511 2023-05-11 04:51:12 0 4كيلو بايت
Film
MMS@@ Full Subhashree Sahu Leaked Video Viral original video Subhashree Sahu video mms link X peb
🌐 CLICK HERE 🟢==►► WATCH NOW 🔴 CLICK HERE 🌐==►► Download Now...
بواسطة Guifet Guifet 2025-03-23 15:33:57 0 166
Ayema https://ayema.ng