Energy Transition Market, By Energy Source (Renewable Energy and Non-Renewable Energy), By Technology (Energy Storage Systems (Batteries, Pumped Hydro), Electric Vehicles (EVs), Smart Grids, and Carbon Capture and Storage (CCS)), By Application (Power Gen

Energy Transition Market, By Energy Source (Renewable Energy and Non-Renewable Energy), By Technology (Energy Storage Systems (Batteries, Pumped Hydro), Electric Vehicles (EVs), Smart Grids, and Carbon Capture and Storage (CCS)), By Application (Power Generation, Transportation, Industrial, Residential, and Commercial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

The global energy transition market is witnessing rapid growth driven by the focus on renewable energy sources and reduced dependence on fossil fuels. Factors such as stringent government regulations toward carbon emissions, growing emphasis on clean energy technologies, and rising investments in solar and wind energy projects are fueling the demand for energy transition solutions. Additionally, the inclusion of climate change policies in the development plans of various countries and setting of targets to achieve carbon neutrality by 2050 are further propelling the energy transition market. The market is anticipated to grow at a significant rate in the coming years on account of these favorable trends.

Market Dynamics:

The key drivers influencing the global energy transition market include growing commitment of nations to meet climate change goals through renewable energy adoption, favorable government policies supporting clean energy installations, and technological advancements enabling greater efficiency and productivity of renewable sources. However, high initial investment requirements for setting up renewable infrastructure and intermittent nature of wind and solar power pose challenges. Meanwhile, significant opportunities lie in continuous decline in the prices of solar panels and batteries, emergence of vehicle-to-grid technology, growing demand for lithium-ion batteries in electric vehicles, and integration of artificial intelligence in energy management systems.

Key Features of the Study:

This report provides in-depth analysis of the global energy transition market, and provides market size (US$ Tn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global energy transition market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Siemens AG, General Electric Company, Vestas Wind Systems A/S, First Solar, Inc., SunPower Corporation, Tesla, Inc., Enphase Energy, Inc., Ørsted A/S, ABB Ltd., Schneider Electric SE, NextEra Energy, Inc., Canadian Solar Inc., Brookfield Renewable Partners L.P., Duke Energy Corporation, and BP plc

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global energy transition market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global energy transition market

Detailed Segmentation-

Energy Source Insights (Revenue, US$ Tn, 2019 - 2031)

Renewable Energy

Non-Renewable Energy

Technology Insights (Revenue, US$ Tn, 2019 - 2031)

Energy Storage Systems (Batteries, Pumped Hydro)

Electric Vehicles (EVs)

Smart Grids

Carbon Capture and Storage (CCS)

Application Insights (Revenue, US$ Tn, 2019 - 2031)

Power Generation

Transportation

Industrial

Residential

Commercial

Regional Insights (Revenue, US$ Tn, 2019 - 2031)

North America

U.S.

Canada

Latin America

Brazil

Argentina

Mexico

Rest of Latin America

Europe

Germany

U.K.

Spain

France

Italy

Russia

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

South Africa

North Africa

Central Africa

Key Players Insights

Siemens AG

General Electric Company

Vestas Wind Systems A/S

First Solar, Inc.

SunPower Corporation

Tesla, Inc.

Enphase Energy, Inc.

Ørsted A/S

ABB Ltd.

Schneider Electric SE

NextEra Energy, Inc.

Canadian Solar Inc.

Brookfield Renewable Partners L.P.

Duke Energy Corporation

BP plc