Global Renewable Energy Market Growth (Status and Outlook) 2025-2031

Global Renewable Energy Market Growth (Status and Outlook) 2025-2031

The global Renewable Energy market size is predicted to grow from US$ 779040 million in 2025 to US$ 1338500 million in 2031; it is expected to grow at a CAGR of 9.4% from 2025 to 2031.

Renewable energy is energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat.

Europe is the largest Renewable Energy market with about 28% market share. North America is follower, accounting for about 25% market share.The key manufacturers are Enel, Vattenfall AB, Iberdrola, Tokyo Electric Power, Xcel Energy, ACCIONA, RWE Group, Exelon Corporation, Hawaiian Electric, Duke Energy, Innergex, Tata Power, EnBW, Invenergy, China Three Gorges Corporation, China Huaneng Group, SDIC Power Holdings, China Energy, China Datang Corporation, China Resources Power etc. Top 3 companies occupied about 7% market share.

LPI (LP Information)' newest research report, the “Renewable Energy Industry Forecast” looks at past sales and reviews total world Renewable Energy sales in 2024, providing a comprehensive analysis by region and market sector of projected Renewable Energy sales for 2025 through 2031. With Renewable Energy sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Renewable Energy industry.

This Insight Report provides a comprehensive analysis of the global Renewable Energy landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Renewable Energy portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Renewable Energy market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Renewable Energy and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Renewable Energy.

This report presents a comprehensive overview, market shares, and growth opportunities of Renewable Energy market by product type, application, key players and key regions and countries.

Segmentation by Type:
Hydro & Ocean Energy
Wind Energy
Solar Energy
Bio-energy
Others

Segmentation by Application:
Industrial
Commercial
Residential
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Enel
Vattenfall AB
Iberdrola
Tokyo Electric Power
Xcel Energy
ACCIONA
RWE Group
Exelon Corporation
Hawaiian Electric
Duke Energy
Innergex
Tata Power
EnBW
Invenergy
China Three Gorges Corporation
China Huaneng Group
SDIC Power Holdings
China Energy
China Datang Corporation
China Resources Power