The Global Clean Energy Market size was estimated at USD 870.6 Billion in 2021 and is expected to hit around USD 2.1 Trillion by 2030, projected to grow at a compound annual growth rate (CAGR) of 16.8% during the forecast period 2022 to 2030.
The transition to low-carbon fuels and the strict environmental restrictions in most developed nations have significantly boosted the renewable energy industry. Due to the need to reduce greenhouse gas emissions and the growing environmental concerns, the installed capacity of renewable energy sources has increased in the energy generation sector during the past several years (GHG). This has greatly contributed to the growth of the solar and wind energy industries.
Clean energy is the driving force behind a sustainable and greener future. From clean energy sources such as solar power, wind power, biomass energy, geothermal energy, and hydroelectric power, to clean energy fuels and charging stations, the world is embracing renewable and alternative energy solutions. These initiatives promote energy efficiency, reduce carbon footprints, and foster energy conservation. By transitioning to clean energy, we can mitigate the adverse effects of climate change and create a cleaner, healthier planet for future generations.
Market Dynamics
Drivers:
The market in the United States is fueled by encouraging laws and strategies as well as the widespread availability of biomass feedstock. Due to the strict government emission rules, the number of renewable energy facilities in the nation has expanded. The rising use of gas-based and renewable power sources in comparison to coal-based power generation has changed the country's power landscape. The demand for renewable energy is expected to rise as a result of factors like rising distribution costs for electricity, power outages caused by problems with the main grid, and incentive programmes put out by the US government. Germany has a sophisticated economy and is one of the major markets in Europe.
To lessen its dependency on traditional sources like crude oil, coal, and others and to become energy independent, the nation has made investments in unconventional power production technologies over the past few years. The solar power generating industry has been expanding quickly over the past few years and is anticipated to continue doing so over the coming years due to investments made in renewable energy generation in significant quantities. Over the course of the projected period, the industry is anticipated to be driven by Germany's expanding solar sector.
Key players:
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ABB
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Acconia
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Enel Spa
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General Electric
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Innergex
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Invenergy
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Schneider Electric
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Siemens Gamesa Renewable Energy, S.A.
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Suzlon Energy Ltd.
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Tata Power
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Xcel Energy, Inc.
Market Segmentation:
Clean Energy Market, By Product
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Hydropower
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Wind
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Solar
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and Bioenergy
Clean Energy Market, By Application
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Industrial
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Residential
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and Commercial
Clean Energy Market, By Region
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa (MEA)
Regional Analysis:
With more than xx% of global revenue in 2021, the Asia Pacific region had the highest share. Because more solar power plants are being installed in China and India, there is a rising need for renewable energy in Asia-Pacific. Globally and in the Asia Pacific, these nations serve as the major markets for solar energy products. Since they have been spending heavily in solar power generation over the past few years, nations in the region including Australia and Japan, among others, have a strong development potential for the market. Throughout the projected period, North American markets are anticipated to expand significantly.
Scope of the Report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.8% |
YoY growth (%) |
XX% |
Regional analysis |
North America, Asia Pacific, Latin America, Europe, the Middle East, and Africa |
Current Market size |
USD 870.6 Billion |
Forecast market growth |
USD 2.1 Trillion |
User
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Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.

Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.

In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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