North America Renewable Energy Market Summary, Competitive Analysis and Forecast to 2027
Summary
Renewable Energy in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The renewable energy market consists of the net generation of electricity through renewable sources. It is divided into five segments, these being hydroelectricity, wind energy, solar, biomass, and geothermal. The volume of the market is calculated as the net volume of electricity produced through renewable means. The value of the industry is the amount of electricity produced multiplied by the wholesale price data for electricity generation.
- The North American renewable energy market had total revenues of $114.5 billion in 2022, representing a compound annual growth rate (CAGR) of 4.6% between 2017 and 2022.
- Market production volume increased with a CAGR of 5% between 2017 and 2022, to reach a total of 1,526,943.2 GWh in 2022.
- The growth of the region’s renewable energy market is driven by the increasing government initiatives to encourage the adoption of clean and green energy, emerging public, and private efforts to reduce carbon emissions, and rising environmental awareness
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in North America
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America renewable energy market with five year forecasts
- What was the size of the North America renewable energy market by value in 2022?
- What will be the size of the North America renewable energy market in 2027?
- What factors are affecting the strength of competition in the North America renewable energy market?
- How has the market performed over the last five years?
- What are the main segments that make up North America's renewable energy market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strengths and weaknesses do leading players have?
- 7.3. What have been the most significant mergers and acquisitions over the last year?
- 7.4. Which companies are responsible for the most significant renewable projects under development?
- 8 Company Profiles
- 8.1. NextEra Energy, Inc.
- 8.2. Enel Green Power North America Inc.
- 8.3. Hydro-Quebec
- 8.4. General Electric Company
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: North America renewable energy market value: $ million, 2017–22
- Table 2: North America renewable energy market volume: GWh, 2017–22
- Table 3: North America renewable energy market category segmentation: % share, by value, 2017–2022
- Table 4: North America renewable energy market category segmentation: $ million, 2017-2022
- Table 5: North America renewable energy market geography segmentation: $ million, 2022
- Table 6: North America renewable energy market value forecast: $ million, 2022–27
- Table 7: North America renewable energy market volume forecast: GWh, 2022–27
- Table 8: NextEra Energy, Inc.: key facts
- Table 9: NextEra Energy, Inc.: Annual Financial Ratios
- Table 10: NextEra Energy, Inc.: Key Employees
- Table 11: NextEra Energy, Inc.: Key Employees Continued
- Table 12: Enel Green Power North America Inc.: key facts
- Table 13: Enel Green Power North America Inc.: Key Employees
- Table 14: Hydro-Quebec: key facts
- Table 15: Hydro-Quebec: Key Employees
- Table 16: General Electric Company: key facts
- Table 17: General Electric Company: Annual Financial Ratios
- Table 18: General Electric Company: Key Employees
- Table 19: General Electric Company: Key Employees Continued
- Table 20: General Electric Company: Key Employees Continued
- Table 21: North America exchange rate, 2018–22
- List of Figures
- Figure 1: North America renewable energy market value: $ million, 2017–22
- Figure 2: North America renewable energy market volume: GWh, 2017–22
- Figure 3: North America renewable energy market category segmentation: $ million, 2017-2022
- Figure 4: North America renewable energy market geography segmentation: % share, by value, 2022
- Figure 5: North America renewable energy market value forecast: $ million, 2022–27
- Figure 6: North America renewable energy market volume forecast: GWh, 2022–27
- Figure 7: Forces driving competition in the renewable energy market in North America, 2022
- Figure 8: Drivers of buyer power in the renewable energy market in North America, 2022
- Figure 9: Drivers of supplier power in the renewable energy market in North America, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in North America, 2022
- Figure 11: Factors influencing the threat of substitutes in the renewable energy market in North America, 2022
- Figure 12: Drivers of degree of rivalry in the renewable energy market in North America, 2022
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook