Renewable Energy Global Industry Guide 2019-2028
Summary
Global Renewable Energy industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). 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, hydroelectricity, wind energy, solar, biomass, and geothermal.
- The market volume represents the net volume of electricity produced through renewable means. The market value is calculated by multiplying the amount of electricity produced by the wholesale price.
- All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
- The global renewable energy market had total revenues of $519.1 billion in 2023, representing a compound annual growth rate (CAGR) of 6.5% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 7.1% between 2018 and 2023, to reach a total of 81,84,350.1 GWh in 2023.
- In 2023, Asia-Pacific accounted for a share of 47.7% and was the largest renewable energy market worldwide.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global renewable energy market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global renewable energy market
- 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 global renewable energy market with five year forecasts by both value and volume
- What was the size of the global renewable energy market by value in 2023?
- What will be the size of the global renewable energy market in 2028?
- What factors are affecting the strength of competition in the global renewable energy market?
- How has the market performed over the last five years?
- What are the main segments that make up the global 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
- 2 Introduction
- 2.1. What is this report about?
- 2.2. Who is the target reader?
- 2.3. How to use this report
- 2.4. Definitions
- 3 Global Renewable Energy
- 3.1. Market Overview
- 3.2. Market Data
- 3.3. Market Segmentation
- 3.4. Market outlook
- 3.5. Five forces analysis
- 4 Macroeconomic Indicators
- 4.1. Country data
- 5 Renewable Energy in Asia-Pacific
- 5.1. Market Overview
- 5.2. Market Data
- 5.3. Market Segmentation
- 5.4. Market outlook
- 5.5. Five forces analysis
- 6 Renewable Energy in Europe
- 6.1. Market Overview
- 6.2. Market Data
- 6.3. Market Segmentation
- 6.4. Market outlook
- 6.5. Five forces analysis
- 7 Macroeconomic Indicators
- 7.1. Country data
- 8 Renewable Energy in France
- 8.1. Market Overview
- 8.2. Market Data
- 8.3. Market Segmentation
- 8.4. Market outlook
- 8.5. Five forces analysis
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Renewable Energy in Germany
- 10.1. Market Overview
- 10.2. Market Data
- 10.3. Market Segmentation
- 10.4. Market outlook
- 10.5. Five forces analysis
- 11 Macroeconomic Indicators
- 11.1. Country data
- 12 Renewable Energy in Italy
- 12.1. Market Overview
- 12.2. Market Data
- 12.3. Market Segmentation
- 12.4. Market outlook
- 12.5. Five forces analysis
- 13 Macroeconomic Indicators
- 13.1. Country data
- 14 Renewable Energy in Japan
- 14.1. Market Overview
- 14.2. Market Data
- 14.3. Market Segmentation
- 14.4. Market outlook
- 14.5. Five forces analysis
- 15 Macroeconomic Indicators
- 15.1. Country data
- 16 Renewable Energy in Australia
- 16.1. Market Overview
- 16.2. Market Data
- 16.3. Market Segmentation
- 16.4. Market outlook
- 16.5. Five forces analysis
- 17 Macroeconomic Indicators
- 17.1. Country data
- 18 Renewable Energy in Canada
- 18.1. Market Overview
- 18.2. Market Data
- 18.3. Market Segmentation
- 18.4. Market outlook
- 18.5. Five forces analysis
- 19 Macroeconomic Indicators
- 19.1. Country data
- 20 Renewable Energy in China
- 20.1. Market Overview
- 20.2. Market Data
- 20.3. Market Segmentation
- 20.4. Market outlook
- 20.5. Five forces analysis
- 21 Macroeconomic Indicators
- 21.1. Country data
- 22 Renewable Energy in The Netherlands
- 22.1. Market Overview
- 22.2. Market Data
- 22.3. Market Segmentation
- 22.4. Market outlook
- 22.5. Five forces analysis
- 23 Macroeconomic Indicators
- 23.1. Country data
- 24 Renewable Energy in Spain
- 24.1. Market Overview
- 24.2. Market Data
- 24.3. Market Segmentation
- 24.4. Market outlook
- 24.5. Five forces analysis
- 25 Macroeconomic Indicators
- 25.1. Country data
- 26 Renewable Energy in The United Kingdom
- 26.1. Market Overview
- 26.2. Market Data
- 26.3. Market Segmentation
- 26.4. Market outlook
- 26.5. Five forces analysis
- 27 Macroeconomic Indicators
- 27.1. Country data
- 28 Renewable Energy in The United States
- 28.1. Market Overview
- 28.2. Market Data
- 28.3. Market Segmentation
- 28.4. Market outlook
- 28.5. Five forces analysis
- 29 Macroeconomic Indicators
- 29.1. Country data
- 30 Company Profiles
- 30.1. BC Hydro
- 30.2. Hydro-Quebec
- 30.3. Ontario Power Generation Inc.
- 30.4. TransAlta Corporation
- 30.5. Enel Green Power SpA
- 30.6. Naturgy Energy Group SA
- 30.7. The AES Corporation
- 30.8. NextEra Energy, Inc.
- 30.9. First Solar, Inc.
- 30.10. General Electric Company
- 30.11. Eskom Holdings SOC Limited
- 30.12. Engie SA
- 30.13. CPFL Energia S.A.
- 30.14. Companhia Paranaense de Energia SA
- 30.15. Centrais Eletricas Brasileiras S.A.
- 30.16. China Three Gorges Corp
- 30.17. Hanergy Holding Group Ltd
- 30.18. Huaneng Renewables Corporation Ltd
- 30.19. Adani Green Energy Ltd
- 30.20. Tata Power Renewable Energy Ltd
- 30.21. Torrent Power Limited
- 30.22. Iberdrola, S.A.
- 30.23. RWE AG
- 30.24. Electricite de France SA
- 30.25. Direct Energie SA
- 30.26. EnBW Energie Baden-Wurttemberg A.G.
- 30.27. Edison S.p.A.
- 30.28. ERG SpA
- 30.29. Eni S.p.A
- 30.30. Tokyo Electric Power Company Holdings, Inc.
- 30.31. Tohoku Electric Power Company, Incorporated
- 30.32. The Kansai Electric Power Co, Incorporated
- 30.33. Origin Energy Limited
- 30.34. AGL Energy Limited
- 30.35. Snowy Hydro Ltd
- 30.36. CWP Global
- 30.37. Vattenfall AB.
- 30.38. Eneco UK Ltd
- 30.39. Acciona SA
- 30.40. Orsted AS
- 30.41. SSE Plc.
- 31 Appendix
- 31.1. Methodology
- 31.2. About MarketLine
- List of Tables
- Table 1: Global renewable energy market value: $ million, 2018-23
- Table 2: Global renewable energy market volume: GWh, 2018-23
- Table 3: Global renewable energy market category segmentation: % share, by value, 2018-2023
- Table 4: Global renewable energy market category segmentation: $ million, 2018-2023
- Table 5: Global renewable energy market geography segmentation: $ million, 2023
- Table 6: Global renewable energy market value forecast: $ million, 2023-28
- Table 7: Global renewable energy market volume forecast: GWh, 2023-28
- Table 8: Global size of population (million), 2019-23
- Table 9: Global real gdp (constant 2010 prices, $ billion), 2019-23
- Table 10: Global gdp (current prices, $ billion), 2019-23
- Table 11: Global inflation, 2019-23
- Table 12: Global consumer price index (absolute), 2019-23
- Table 13: Global exchange rate, 2019-23
- Table 14: Asia-Pacific renewable energy market value: $ million, 2018-23
- Table 15: Asia-Pacific renewable energy market volume: GWh, 2018-23
- Table 16: Asia-Pacific renewable energy market category segmentation: % share, by value, 2018-2023
- Table 17: Asia-Pacific renewable energy market category segmentation: $ million, 2018-2023
- Table 18: Asia-Pacific renewable energy market geography segmentation: $ million, 2023
- Table 19: Asia-Pacific renewable energy market value forecast: $ million, 2023-28
- Table 20: Asia-Pacific renewable energy market volume forecast: GWh, 2023-28
- Table 21: Europe renewable energy market value: $ million, 2018-23
- Table 22: Europe renewable energy market volume: GWh, 2018-23
- Table 23: Europe renewable energy market category segmentation: % share, by value, 2018-2023
- Table 24: Europe renewable energy market category segmentation: $ million, 2018-2023
- Table 25: Europe renewable energy market geography segmentation: $ million, 2023
- Table 26: Europe renewable energy market value forecast: $ million, 2023-28
- Table 27: Europe renewable energy market volume forecast: GWh, 2023-28
- Table 28: Europe size of population (million), 2019-23
- Table 29: Europe real gdp (constant 2010 prices, $ billion), 2019-23
- Table 30: Europe gdp (current prices, $ billion), 2019-23
- Table 31: Europe inflation, 2019-23
- Table 32: Europe consumer price index (absolute), 2019-23
- Table 33: Europe exchange rate, 2019-23
- Table 34: France renewable energy market value: $ million, 2018-23
- Table 35: France renewable energy market volume: GWh, 2018-23
- Table 36: France renewable energy market category segmentation: % share, by value, 2018-2023
- Table 37: France renewable energy market category segmentation: $ million, 2018-2023
- Table 38: France renewable energy market geography segmentation: $ million, 2023
- Table 39: France renewable energy market value forecast: $ million, 2023-28
- Table 40: France renewable energy market volume forecast: GWh, 2023-28
- Table 41: France size of population (million), 2019-23
- Table 42: France real gdp (constant 2010 prices, $ billion), 2019-23
- Table 43: France gdp (current prices, $ billion), 2019-23
- Table 44: France inflation, 2019-23
- Table 45: France consumer price index (absolute), 2019-23
- Table 46: France exchange rate, 2019-23
- Table 47: Germany renewable energy market value: $ million, 2018-23
- Table 48: Germany renewable energy market volume: GWh, 2018-23
- Table 49: Germany renewable energy market category segmentation: % share, by value, 2018-2023
- Table 50: Germany renewable energy market category segmentation: $ million, 2018-2023
- Table 51: Germany renewable energy market geography segmentation: $ million, 2023
- Table 52: Germany renewable energy market value forecast: $ million, 2023-28
- Table 53: Germany renewable energy market volume forecast: GWh, 2023-28
- Table 54: Germany size of population (million), 2019-23
- Table 55: Germany real gdp (constant 2010 prices, $ billion), 2019-23
- Table 56: Germany gdp (current prices, $ billion), 2019-23
- Table 57: Germany inflation, 2019-23
- Table 58: Germany consumer price index (absolute), 2019-23
- Table 59: Germany exchange rate, 2019-23
- Table 60: Italy renewable energy market value: $ million, 2018-23
- Table 61: Italy renewable energy market volume: GWh, 2018-23
- Table 62: Italy renewable energy market category segmentation: % share, by value, 2018-2023
- Table 63: Italy renewable energy market category segmentation: $ million, 2018-2023
- Table 64: Italy renewable energy market geography segmentation: $ million, 2023
- Table 65: Italy renewable energy market value forecast: $ million, 2023-28
- Table 66: Italy renewable energy market volume forecast: GWh, 2023-28
- Table 67: Italy size of population (million), 2019-23
- Table 68: Italy real gdp (constant 2010 prices, $ billion), 2019-23
- Table 69: Italy gdp (current prices, $ billion), 2019-23
- Table 70: Italy inflation, 2019-23
- Table 71: Italy consumer price index (absolute), 2019-23
- Table 72: Italy exchange rate, 2019-23
- Table 73: Japan renewable energy market value: $ million, 2018-23
- Table 74: Japan renewable energy market volume: GWh, 2018-23
- Table 75: Japan renewable energy market category segmentation: % share, by value, 2018-2023
- Table 76: Japan renewable energy market category segmentation: $ million, 2018-2023
- Table 77: Japan renewable energy market geography segmentation: $ million, 2023
- Table 78: Japan renewable energy market value forecast: $ million, 2023-28
- Table 79: Japan renewable energy market volume forecast: GWh, 2023-28
- Table 80: Japan size of population (million), 2019-23
- Table 81: Japan real gdp (constant 2010 prices, $ billion), 2019-23
- Table 82: Japan gdp (current prices, $ billion), 2019-23
- Table 83: Japan inflation, 2019-23
- Table 84: Japan consumer price index (absolute), 2019-23
- Table 85: Japan exchange rate, 2019-23
- Table 86: Australia renewable energy market value: $ million, 2018-23
- Table 87: Australia renewable energy market volume: GWh, 2018-23
- Table 88: Australia renewable energy market category segmentation: % share, by value, 2018-2023
- Table 89: Australia renewable energy market category segmentation: $ million, 2018-2023
- Table 90: Australia renewable energy market geography segmentation: $ million, 2023
- Table 91: Australia renewable energy market value forecast: $ million, 2023-28
- Table 92: Australia renewable energy market volume forecast: GWh, 2023-28
- Table 93: Australia size of population (million), 2019-23
- Table 94: Australia real gdp (constant 2010 prices, $ billion), 2019-23
- Table 95: Australia gdp (current prices, $ billion), 2019-23
- Table 96: Australia inflation, 2019-23
- Table 97: Australia consumer price index (absolute), 2019-23
- Table 98: Australia exchange rate, 2019-23
- List of Figures
- Figure 1: Global renewable energy market value: $ million, 2018-23
- Figure 2: Global renewable energy market volume: GWh, 2018-23
- Figure 3: Global renewable energy market category segmentation: $ million, 2018-2023
- Figure 4: Global renewable energy market geography segmentation: % share, by value, 2023
- Figure 5: Global renewable energy market value forecast: $ million, 2023-28
- Figure 6: Global renewable energy market volume forecast: GWh, 2023-28
- Figure 7: Forces driving competition in the global renewable energy market, 2023
- Figure 8: Drivers of buyer power in the global renewable energy market, 2023
- Figure 9: Drivers of supplier power in the global renewable energy market, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the global renewable energy market, 2023
- Figure 11: Factors influencing the threat of substitutes in the global renewable energy market, 2023
- Figure 12: Drivers of degree of rivalry in the global renewable energy market, 2023
- Figure 13: Asia-Pacific renewable energy market value: $ million, 2018-23
- Figure 14: Asia-Pacific renewable energy market volume: GWh, 2018-23
- Figure 15: Asia-Pacific renewable energy market category segmentation: $ million, 2018-2023
- Figure 16: Asia-Pacific renewable energy market geography segmentation: % share, by value, 2023
- Figure 17: Asia-Pacific renewable energy market value forecast: $ million, 2023-28
- Figure 18: Asia-Pacific renewable energy market volume forecast: GWh, 2023-28
- Figure 19: Forces driving competition in the renewable energy market in Asia-Pacific, 2023
- Figure 20: Drivers of buyer power in the renewable energy market in Asia-Pacific, 2023
- Figure 21: Drivers of supplier power in the renewable energy market in Asia-Pacific, 2023
- Figure 22: Factors influencing the likelihood of new entrants in the renewable energy market in Asia-Pacific, 2023
- Figure 23: Factors influencing the threat of substitutes in the renewable energy market in Asia-Pacific, 2023
- Figure 24: Drivers of degree of rivalry in the renewable energy market in Asia-Pacific, 2023
- Figure 25: Europe renewable energy market value: $ million, 2018-23
- Figure 26: Europe renewable energy market volume: GWh, 2018-23
- Figure 27: Europe renewable energy market category segmentation: $ million, 2018-2023
- Figure 28: Europe renewable energy market geography segmentation: % share, by value, 2023
- Figure 29: Europe renewable energy market value forecast: $ million, 2023-28
- Figure 30: Europe renewable energy market volume forecast: GWh, 2023-28
- Figure 31: Forces driving competition in the renewable energy market in Europe, 2023
- Figure 32: Drivers of buyer power in the renewable energy market in Europe, 2023
- Figure 33: Drivers of supplier power in the renewable energy market in Europe, 2023
- Figure 34: Factors influencing the likelihood of new entrants in the renewable energy market in Europe, 2023
- Figure 35: Factors influencing the threat of substitutes in the renewable energy market in Europe, 2023
- Figure 36: Drivers of degree of rivalry in the renewable energy market in Europe, 2023
- Figure 37: France renewable energy market value: $ million, 2018-23
- Figure 38: France renewable energy market volume: GWh, 2018-23
- Figure 39: France renewable energy market category segmentation: $ million, 2018-2023
- Figure 40: France renewable energy market geography segmentation: % share, by value, 2023
- Figure 41: France renewable energy market value forecast: $ million, 2023-28
- Figure 42: France renewable energy market volume forecast: GWh, 2023-28
- Figure 43: Forces driving competition in the renewable energy market in France, 2023
- Figure 44: Drivers of buyer power in the renewable energy market in France, 2023
- Figure 45: Drivers of supplier power in the renewable energy market in France, 2023
- Figure 46: Factors influencing the likelihood of new entrants in the renewable energy market in France, 2023
- Figure 47: Factors influencing the threat of substitutes in the renewable energy market in France, 2023
- Figure 48: Drivers of degree of rivalry in the renewable energy market in France, 2023
- Figure 49: Germany renewable energy market value: $ million, 2018-23
- Figure 50: Germany renewable energy market volume: GWh, 2018-23
- Figure 51: Germany renewable energy market category segmentation: $ million, 2018-2023
- Figure 52: Germany renewable energy market geography segmentation: % share, by value, 2023
- Figure 53: Germany renewable energy market value forecast: $ million, 2023-28
- Figure 54: Germany renewable energy market volume forecast: GWh, 2023-28
- Figure 55: Forces driving competition in the renewable energy market in Germany, 2023
- Figure 56: Drivers of buyer power in the renewable energy market in Germany, 2023
- Figure 57: Drivers of supplier power in the renewable energy market in Germany, 2023
- Figure 58: Factors influencing the likelihood of new entrants in the renewable energy market in Germany, 2023
- Figure 59: Factors influencing the threat of substitutes in the renewable energy market in Germany, 2023
- Figure 60: Drivers of degree of rivalry in the renewable energy market in Germany, 2023
- Figure 61: Italy renewable energy market value: $ million, 2018-23
- Figure 62: Italy renewable energy market volume: GWh, 2018-23
- Figure 63: Italy renewable energy market category segmentation: $ million, 2018-2023
- Figure 64: Italy renewable energy market geography segmentation: % share, by value, 2023
- Figure 65: Italy renewable energy market value forecast: $ million, 2023-28
- Figure 66: Italy renewable energy market volume forecast: GWh, 2023-28
- Figure 67: Forces driving competition in the renewable energy market in Italy, 2023
- Figure 68: Drivers of buyer power in the renewable energy market in Italy, 2023
- Figure 69: Drivers of supplier power in the renewable energy market in Italy, 2023
- Figure 70: Factors influencing the likelihood of new entrants in the renewable energy market in Italy, 2023
- Figure 71: Factors influencing the threat of substitutes in the renewable energy market in Italy, 2023
- Figure 72: Drivers of degree of rivalry in the renewable energy market in Italy, 2023
- Figure 73: Japan renewable energy market value: $ million, 2018-23
- Figure 74: Japan renewable energy market volume: GWh, 2018-23
- Figure 75: Japan renewable energy market category segmentation: $ million, 2018-2023
- Figure 76: Japan renewable energy market geography segmentation: % share, by value, 2023
- Figure 77: Japan renewable energy market value forecast: $ million, 2023-28
- Figure 78: Japan renewable energy market volume forecast: GWh, 2023-28
- Figure 79: Forces driving competition in the renewable energy market in Japan, 2023
- Figure 80: Drivers of buyer power in the renewable energy market in Japan, 2023
- Figure 81: Drivers of supplier power in the renewable energy market in Japan, 2023
- Figure 82: Factors influencing the likelihood of new entrants in the renewable energy market in Japan, 2023
- Figure 83: Factors influencing the threat of substitutes in the renewable energy market in Japan, 2023
- Figure 84: Drivers of degree of rivalry in the renewable energy market in Japan, 2023
- Figure 85: Australia renewable energy market value: $ million, 2018-23
- Figure 86: Australia renewable energy market volume: GWh, 2018-23
- Figure 87: Australia renewable energy market category segmentation: $ million, 2018-2023
- Figure 88: Australia renewable energy market geography segmentation: % share, by value, 2023
- Figure 89: Australia renewable energy market value forecast: $ million, 2023-28
- Figure 90: Australia renewable energy market volume forecast: GWh, 2023-28
- Figure 91: Forces driving competition in the renewable energy market in Australia, 2023
- Figure 92: Drivers of buyer power in the renewable energy market in Australia, 2023
- Figure 93: Drivers of supplier power in the renewable energy market in Australia, 2023
- Figure 94: Factors influencing the likelihood of new entrants in the renewable energy market in Australia, 2023
- Figure 95: Factors influencing the threat of substitutes in the renewable energy market in Australia, 2023
- Figure 96: Drivers of degree of rivalry in the renewable energy market in Australia, 2023
- Figure 97: Canada renewable energy market value: $ million, 2018-23
- Figure 98: Canada renewable energy market volume: GWh, 2018-23
- Figure 99: Canada renewable energy market category segmentation: $ million, 2018-2023
- Figure 100: Canada renewable energy market geography segmentation: % share, by value, 2023
- Figure 101: Canada renewable energy market value forecast: $ million, 2023-28
- Figure 102: Canada renewable energy market volume forecast: GWh, 2023-28
- Figure 103: Forces driving competition in the renewable energy market in Canada, 2023
- Figure 104: Drivers of buyer power in the renewable energy market in Canada, 2023
- Figure 105: Drivers of supplier power in the renewable energy market in Canada, 2023
- Figure 106: Factors influencing the likelihood of new entrants in the renewable energy market in Canada, 2023
- Figure 107: Factors influencing the threat of substitutes in the renewable energy market in Canada, 2023
- Figure 108: Drivers of degree of rivalry in the renewable energy market in Canada, 2023
- Figure 109: China renewable energy market value: $ million, 2018-23
- Figure 110: China renewable energy market volume: GWh, 2018-23
- Figure 111: China renewable energy market category segmentation: $ million, 2018-2023
- Figure 112: China renewable energy market geography segmentation: % share, by value, 2023
- Figure 113: China renewable energy market value forecast: $ million, 2023-28
- Figure 114: China renewable energy market volume forecast: GWh, 2023-28
- Figure 115: Forces driving competition in the renewable energy market in China, 2023
- Figure 116: Drivers of buyer power in the renewable energy market in China, 2023
- Figure 117: Drivers of supplier power in the renewable energy market in China, 2023
- Figure 118: Factors influencing the likelihood of new entrants in the renewable energy market in China, 2023
- Figure 119: Factors influencing the threat of substitutes in the renewable energy market in China, 2023
- Figure 120: Drivers of degree of rivalry in the renewable energy market in China, 2023
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