U.S. Renewable Energy Market Size & Outlook, 2022-2030
U.S. renewable energy market, 2018-2030 (US$B)
Related Markets
U.S. renewable energy market highlights
- The U.S. renewable energy market generated a revenue of USD 121.7 billion in 2022 and is expected to reach USD 373.4 billion by 2030.
- The U.S. 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.
Renewable energy market data book summary
| Market revenue in 2022 | USD 121.7 billion |
| Market revenue in 2030 | USD 373.4 billion |
| Growth rate | 15% (CAGR from 2022 to 2030) |
| Largest segment | Hydropower |
| Fastest growing segment | Solar |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hydropower, Wind, Solar, Bioenergy |
| Key market players worldwide | ABB 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, U.S. accounted for 11.5% 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 North America, U.S. renewable energy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 213.0 billion by 2030.
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Renewable Energy Market Scope
Renewable Energy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 41.25% in 2022. Horizon Databook has segmented the U.S. 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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Target buyers of U.S. 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. renewable energy market , including forecasts for subscribers. This country databook contains high-level insights into U.S. renewable energy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. renewable energy market size, by product, 2018-2030 (US$B)
U.S. Renewable Energy Market Outlook Share, 2022 & 2030 (US$B)
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