Japan Renewable Energy Market Size & Outlook, 2022-2030

The renewable energy market in Japan is expected to reach a projected revenue of US$ 85.4 billion by 2030. A compound annual growth rate of 14.8% is expected of Japan renewable energy market from 2023 to 2030.

Revenue, 2022 (US$B)
$28.4
Forecast, 2030 (US$B)
$85.4
CAGR, 2023 - 2030
14.8%
Report Coverage
Japan

Japan renewable energy market highlights

  • The Japan renewable energy market generated a revenue of USD 28.4 billion in 2022 and is expected to reach USD 85.4 billion by 2030.
  • The Japan market is expected to grow at a CAGR of 14.8% from 2023 to 2030.
  • In terms of segment, wind was the largest revenue generating product in 2022.
  • Solar is the most lucrative product segment registering the fastest growth during the forecast period.

Renewable energy market data book summary

Market revenue in 2022USD 28.4 billion
Market revenue in 2030USD 85.4 billion
Growth rate14.8% (CAGR from 2022 to 2030)
Largest segmentWind
Fastest growing segmentSolar
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationHydropower, Wind, Solar, Bioenergy
Key market players worldwideABB Ltd, Acciona SA, Enel SpA, Haier Smart Home Co Ltd ADR, Innergex Renewable Energy Inc, Invenergy, Schneider Electric SE, Siemens Gamesa Renewable Energy, Suzlon Energy, Tata Power Renewable Energy

Other key industry trends

  • In terms of revenue, Japan accounted for 2.7% of the global renewable energy market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China renewable energy market is projected to lead the regional market in terms of revenue in 2030.
  • Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 118.5 billion by 2030.

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Renewable Energy Market Companies

Name Profile # Employees HQ Website

Japan 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 37.32% in 2022. Horizon Databook has segmented the Japan renewable energy market based on hydropower, wind, solar, bioenergy covering the revenue growth of each sub-segment from 2018 to 2030.


  • Japan Renewable Energy Product Outlook (Revenue, USD Billion, 2018-2030)
    • Hydropower
    • Wind
    • Solar
    • Bioenergy
    • Others
  • Japan Renewable Energy Application Outlook (Revenue, USD Billion, 2018-2030)
    • Industrial
    • Commercial
    • Residential

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Target buyers of Japan renewable energy market databook

  • Our clientele includes a mix of renewable energy market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 country-level data and insights on the Japan renewable energy market , including forecasts for subscribers. This country databook contains high-level insights into Japan renewable energy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Japan renewable energy market size, by product, 2018-2030 (US$B)

Japan Renewable Energy Market Outlook Share, 2022 & 2030 (US$B)

Japan renewable energy market size, by product, 2018-2030 (US$B)

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