Global Renewable Energy Market: By Type (Hydroelectric energy, Geothermal energy, Wind energy, Solar energy and Biomass energy); By End-user (Commercial, Residential and Industrial); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
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Product Overview
Renewable energy is accumulated from natural resources or sources that can be naturally replenished such as wind, sun, geothermal heat, waves, etc. Renewable energy usually provides energy in areas such as transportation, electricity generation, water, and air heating/cooling, and rural energy services (off-grid). Renewable energy offers lower emissions of carbon dioxide and other types of pollution by replacing dirty fossil fuels in the power system. Sources of renewable energy are wind energy, solar energy, Biomass energy, geothermal energy, hydroelectric power energy, etc. The renewable energy industry is an emerging industry and a part of the energy industry that focuses on advance and appropriate renewable energy technologies. Renewable energy is a more labor-intensive centered industry than fossil fuels, thus, a transition towards the industry promises more employment opportunities.
Market Highlights
Global Renewable Energy market is expected to project a notable CAGR in 2030.
Global Renewable Energy market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX.X% throughout the forecast period, i.e. 2019-30. Global Renewable Energy market is expected to observe growth in the future due to rising emissions of greenhouse gases and carbon dioxide for a generation of energy after the utilization of fossil fuels. Moreover, fossil fuel is present in scarce amounts on the Earth due to which it has fluctuating prices which fosters the renewable energy market. Continuous government initiatives and funding in the renewable energy sector as well as advancement in technologies are also accelerating the growth of the global market.
Recent Highlights in Global Renewable Energy Market:
In August 2020, Omega Geracao SA a renewable energy company announced 50% acquisition of the stake in wind farms owned by France-based EDF renewables in Bahia, the Brazilian state.
Global Renewable Energy Market: Segments
Hydroelectric segment to grow with the highest CAGR during 2019-30
Global Renewable Energy market is segmented by type into Hydroelectric energy, Geothermal energy, Wind energy, Solar energy, and Biomass energy. The hydroelectric energy segment held the largest market share of XX.X% in the year 2018 and is anticipated to dominate the global market throughout the forecast period. Hydroelectric energy is a type of energy that channels the power of water in motion that generates electricity. Biomass energy is generated using plants such as soy, corn, etc. which can be converted into electricity or burned to create heat.
Industrial segment to grow with the highest CAGR during 2019-30
Global Renewable Energy market is segmented by the end-user into commercial, residential and industrial. The industrial segment held the largest market share of XX.X% in the year 2018 and is expected to maintain this trend throughout the forecast period since 75% of the feedstock for the chemical and petrochemical industry is contributed through the medium of carbon, this significantly impacts the carbon emissions and operating costs of the business. This encourages the industries to incline towards alternative ensuring sustenance.
Market Dynamics
Drivers
Sustainable energy
Renewable Energy sources such as wind, solar, hydroelectric, etc. are sustainable in nature. It generates energy that is not associated with any greenhouse gas emissions unlike fossil fuels, also reduces air pollution to some extent. Renewable energy provides a diversified supply of energy eliminating the dependence on imported fossil fuels which environment friendly and replenishable in nature.
Government initiative and employment opportunity
With the rise in climate awareness and environmental benefits of renewable energy, the government has introduced several regulations and policies and also provides aids for renewable energy since the sources are viable green substitutes to the carbon-based green energy sources that are contributing to sustainable development. Renewable energy also leads to economic development and creates jobs in installation, manufacturing, etc., being a labor-intensive technology.
Restraints
High investment
Renewable energy technologies are comparatively more expensive than traditional energy generators, also, there is a high need to store energy which is an expensive technology. Renewable energy sources are not available 24/7, unlike fossil fuels which is a key factor restraining the growth of the renewable energy market.
Covid-19 impact on Global Renewable Energy Market
Coronavirus (Covid-19) has adversely affected a majority of industries due to the disruption of business operations and disturbance in the supply chain due to the situation of lockdown which was undertaken to break the chain of the spread of the disease and maintain social distancing. The power sector is among one those sectors that have suffered due to the concurrent pandemic, decline in demand for power has been observed along with slow recovery and reduced collection which would unfavorably impact the services of distribution companies further hampering renewable energy market. In addition to this, a dearth of manpower for the maintenance of renewable energy plants would also impact the global market. However, this period has also added to several positive aspects such as work from the home policy which is the new normal for the renewable energy industry.
Global Organic Market: Key Players
NextEra Energy, Inc.
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Canadian Solar
Brookfield Renewable Partners L.P
Northland Power
Algonquin Power & Utilities Corp
Innergex Renewable Energy
TransAlta Corporation
Atlantic Power Corporation
Boralex
Other Prominent Players
Global Renewable Energy Market: Regions
Global Renewable Energy market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Global Renewable Energy market in Asia-Pacific held the largest market share of XX.X% in the year 2019 due to rapid industrialization, rise in population, and favorable government initiatives and policies encouraging the renewable resources market.
Global RENEWABLE ENERGY market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Renewable Energy market report also contains analysis on:
Renewable Energy Market Segments:
By Type
Hydroelectric energy
Geothermal energy
Wind energy
Solar energy
Biomass energy
By End-User:
Commercial
Residential
Industrial
Renewable Energy Market Dynamics
Renewable Energy Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Contents
1. Executive Summary
2. Global Renewable Energy Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Renewable Energy Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global Renewable Energy Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Global Renewable Energy Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Business Type: Market Share (2020-2030F)
12.2.1. Hydroelectric energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Geothermal energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Wind energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.4. Solar energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.5. Biomass energy, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3. By End-users: Market Share (2020-2030F)
12.3.1. Commercial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020- 2030F
12.3.2. Residential, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Industrial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020- 2030F
13. Company Profile
13.1. NextEra Energy, Inc.
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Canadian Solar
13.3. Brookfield Renewable Partners L.P
13.4. Northland Power
13.5. Algonquin Power & Utilities Corp
13.6. Innergex Renewable Energy
13.7. TransAlta Corporation
13.8. Atlantic Power Corporation
13.9. Boralex
13.10. Other Prominent Players
14. Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Research Methodology:
Renewable Energy Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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