North America Renewable Energy Market Size & Outlook

The renewable energy market in North America is expected to reach a projected revenue of US$ 621.8 billion by 2030. A compound annual growth rate of 15% is expected of North America renewable energy market from 2023 to 2030.
Revenue, 2022 (US$B)
$203.6
Forecast, 2030 (US$B)
$621.8
CAGR, 2023 - 2030
15%
Report Coverage
North America

North America renewable energy market highlights

  • The North America renewable energy market generated a revenue of USD 203.6 billion in 2022.
  • The market is expected to grow at a CAGR of 15% from 2023 to 2030.
  • In terms of segment, hydropower was the largest revenue generating product in 2022.
  • Solar is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.


North America data book summary

Market revenue in 2022USD 203.6 billion
Market revenue in 2030USD 621.8 billion
Growth rate15% (CAGR from 2022 to 2030)
Largest segmentHydropower
Fastest growing segmentSolar
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 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, North America region accounted for 19.2% of the global renewable energy market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,543.3 billion by 2030.

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Renewable Energy Market Companies

Name Profile # Employees HQ Website

North America 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.


Hydropower was the largest segment with a revenue share of 41.26% in 2022. Horizon Databook has segmented the North America renewable energy market based on hydropower, wind, solar, bioenergy covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of renewable energy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America renewable energy market , including forecasts for subscribers. This continent databook contains high-level insights into North America renewable energy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America renewable energy market size, by country, 2018-2030 (US$B)

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

North America renewable energy market size, by country, 2018-2030 (US$B)

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