Global Renewable Energy Market Size & Outlook, 2022-2030
Global renewable energy market, 2018-2030 (US$B)
Related Markets
Global renewable energy market highlights
- The global renewable energy market generated a revenue of USD 1,060.5 billion in 2022 and is expected to reach USD 3,601.0 billion by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 16.5% by 2030.
- In terms of segment, wind accounted for a revenue of USD 328.0 billion in 2022.
- Solar is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,060.5 billion |
| Market revenue in 2030 | USD 3,601.0 billion |
| Growth rate | 16.5% (CAGR from 2022 to 2030) |
| Largest segment | Wind |
| Fastest growing segment | Solar |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hydropower, Wind, Solar, Bioenergy |
Other key industry trends
- In terms of revenue, the North America accounted for 19.2% of the global renewable energy market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 35.4 billion by 2030.
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Renewable Energy Market Scope
Renewable Energy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global renewable energy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to renewable energy market will help companies and investors design strategic landscapes.
Wind was the largest segment with a revenue share of 30.93% in 2022. Horizon Databook has segmented the Global renewable energy market based on hydropower, wind, solar, bioenergy covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Renewable Energy Product Outlook (Revenue, USD Billion, 2018-2030)
- Hydropower
- Wind
- Solar
- Bioenergy
- Others
- Global Renewable Energy Application Outlook (Revenue, USD Billion, 2018-2030)
- Industrial
- Commercial
- Residential
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global renewable energy market databook
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Our clientele includes a mix of renewable energy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global renewable energy market , including forecasts for subscribers. This global databook contains high-level insights into Global renewable energy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global renewable energy market size, by regions, 2018-2030 (US$B)
Top 10 countries: Renewable energy market size, 2022 (US$B)
Global renewable energy market share, by product, 2022 & 2030 (%, US$B)
Renewable energy market: Opportunity assessment by country
Global renewable energy market, by region, 2022 (US$B)
Related regional statistics
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