Global Renewable Energy Market 2025-2029

Renewable Energy Market 2025-2029

The renewable energy market is forecasted to grow by USD 2266.2 billion during 2024-2029, accelerating at a CAGR of 9.6% during the forecast period. The report on the renewable energy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in global energy demand, rising government support, and increase in investments in clean energy technologies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's renewable energy market is segmented as below:

By End-user

• Residential
• Industrial
• Commercial

By Type

• Hydropower
• Wind
• Solar
• Others

By Deployment

• On-grid
• Off-grid

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the rising popularity of clean energy technologies as one of the prime reasons driving the renewable energy market growth during the next few years. Also, emergence of zero-energy buildings and increasing popularity of hybrid power projects will lead to sizable demand in the market.

The report on the renewable energy market covers the following areas:

• Renewable Energy Market sizing
• Renewable Energy Market forecast
• Renewable Energy Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading renewable energy market vendors that include ABB Ltd., Acciona SA, Duke Energy Corp., EnBW Energie Baden Wurttemberg AG, Enel Spa, ENERCON GmbH, General Electric Co., Goldwind Australia, Innergex Renewable Energy Inc., Invenergy, Nextera Energy Inc., Schneider Electric SE, Siemens AG, Sinovel Wind Group Co. Ltd., Sunrun Inc., Suzlon Energy Ltd., Tata Power Co. Ltd., Vattenfall AB, Vestas Wind Systems AS, and Xcel Energy Inc.. Also, the renewable energy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.