Renewable Energy Market Summary, Competitive Analysis and Forecast to 2027

Renewable Energy Market Summary, Competitive Analysis and Forecast to 2027


Summary

Global Renewable Energy industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-22, 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.
  • All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
  • The global renewable energy market had total revenues of $514.7 billion in 2022, representing a compound annual growth rate (CAGR) of 7.1% between 2017 and 2022.
  • Market production volume increased with a CAGR of 7.1% between 2017 and 2022, to reach a total of 7,642,441.3 GWh in 2022.
  • Due to mounting environmental concerns and pressure to lessen the adverse impacts of greenhouse gases (GHG), the energy generation market has seen growth in terms of the installed capacity of renewable sources in recent years.
  • Scope
    • 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
    Reasons to Buy
    • What was the size of the global renewable energy market by value in 2022?
    • What will be the size of the global renewable energy market in 2027?
    • 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
    1.7. Competitive landscape
    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. China Three Gorges Corp
    30.2. Adani Green Energy Ltd
    30.3. Direct Energie SA
    30.4. Electricite de France SA
    30.5. Engie SA
    30.6. EnBW Energie Baden-Wurttemberg A.G.
    30.7. Edison S.p.A.
    30.8. Enel Green Power SpA
    30.9. ERG SpA
    30.10. Eni S.p.A
    30.11. The Tokyo Electric Power Company Holdings., Incorporated
    30.12. Tohoku Electric Power Company, Incorporated
    30.13. Iberdrola, S.A.
    30.14. The Kansai Electric Power Co, Incorporated
    30.15. Origin Energy Limited
    30.16. AGL Energy Limited
    30.17. Snowy Hydro Ltd
    30.18. BC Hydro
    30.19. Hydro-Quebec
    30.20. Ontario Power Generation Inc.
    30.21. TransAlta Corporation
    30.22. Hanergy Holding Group Ltd
    30.23. Huaneng Renewables Corporation Ltd
    30.24. Vattenfall AB.
    30.25. Eneco UK Ltd
    30.26. Acciona SA
    30.27. Naturgy Energy Group SA
    30.28. Orsted AS
    30.29. E.ON Climate & Renewables GmbH
    30.30. EDF Energy Renewables Ltd
    30.31. SSE Plc.
    30.32. NextEra Energy, Inc.
    30.33. Enel Green Power North America Inc.
    30.34. First Solar, Inc.
    30.35. General Electric Company
    31 Appendix
    31.1. Methodology
    31.2. About MarketLine
    List of Tables
    Table 1: Global renewable energy market value: $ million, 2017-22
    Table 2: Global renewable energy market volume: GWh, 2017–22
    Table 3: Global renewable energy market category segmentation: % share, by value, 2017–2022
    Table 4: Global renewable energy market category segmentation: $ million, 2017-2022
    Table 5: Global renewable energy market geography segmentation: $ million, 2022
    Table 6: Global renewable energy market value forecast: $ million, 2022–27
    Table 7: Global renewable energy market volume forecast: GWh, 2022–27
    Table 8: Global size of population (million), 2018–22
    Table 9: Global gdp (constant 2005 prices, $ billion), 2018–22
    Table 10: Global gdp (current prices, $ billion), 2018–22
    Table 11: Global inflation, 2018–22
    Table 12: Global consumer price index (absolute), 2018–22
    Table 13: Global exchange rate, 2018–22
    Table 14: Asia-Pacific renewable energy market value: $ million, 2017-22
    Table 15: Asia–Pacific renewable energy market volume: GWh, 2017–22
    Table 16: Asia–Pacific renewable energy market category segmentation: % share, by value, 2017–2022
    Table 17: Asia-Pacific renewable energy market category segmentation: $ million, 2017-2022
    Table 18: Asia–Pacific renewable energy market geography segmentation: $ million, 2022
    Table 19: Asia-Pacific renewable energy market value forecast: $ million, 2022–27
    Table 20: Asia–Pacific renewable energy market volume forecast: GWh, 2022–27
    Table 21: Europe renewable energy market value: $ million, 2017-22
    Table 22: Europe renewable energy market volume: GWh, 2017–22
    Table 23: Europe renewable energy market category segmentation: % share, by value, 2017–2022
    Table 24: Europe renewable energy market category segmentation: $ million, 2017-2022
    Table 25: Europe renewable energy market geography segmentation: $ million, 2022
    Table 26: Europe renewable energy market value forecast: $ million, 2022–27
    Table 27: Europe renewable energy market volume forecast: GWh, 2022–27
    Table 28: Europe size of population (million), 2018–22
    Table 29: Europe gdp (constant 2005 prices, $ billion), 2018–22
    Table 30: Europe gdp (current prices, $ billion), 2018–22
    Table 31: Europe inflation, 2018–22
    Table 32: Europe consumer price index (absolute), 2018–22
    Table 33: Europe exchange rate, 2018–22
    Table 34: France renewable energy market value: $ million, 2017-22
    Table 35: France renewable energy market volume: GWh, 2017–22
    Table 36: France renewable energy market category segmentation: % share, by value, 2017–2022
    Table 37: France renewable energy market category segmentation: $ million, 2017-2022
    Table 38: France renewable energy market geography segmentation: $ million, 2022
    Table 39: France renewable energy market value forecast: $ million, 2022–27
    Table 40: France renewable energy market volume forecast: GWh, 2022–27
    Table 41: France size of population (million), 2018–22
    Table 42: France gdp (constant 2005 prices, $ billion), 2018–22
    Table 43: France gdp (current prices, $ billion), 2018–22
    Table 44: France inflation, 2018–22
    Table 45: France consumer price index (absolute), 2018–22
    Table 46: France exchange rate, 2018–22
    Table 47: Germany renewable energy market value: $ million, 2017-22
    Table 48: Germany renewable energy market volume: GWh, 2017–22
    Table 49: Germany renewable energy market category segmentation: % share, by value, 2017–2022
    Table 50: Germany renewable energy market category segmentation: $ million, 2017-2022
    Table 51: Germany renewable energy market geography segmentation: $ million, 2022
    Table 52: Germany renewable energy market value forecast: $ million, 2022–27
    Table 53: Germany renewable energy market volume forecast: GWh, 2022–27
    Table 54: Germany size of population (million), 2018–22
    Table 55: Germany gdp (constant 2005 prices, $ billion), 2018–22
    Table 56: Germany gdp (current prices, $ billion), 2018–22
    Table 57: Germany inflation, 2018–22
    Table 58: Germany consumer price index (absolute), 2018–22
    Table 59: Germany exchange rate, 2018–22
    Table 60: Italy renewable energy market value: $ million, 2017-22
    Table 61: Italy renewable energy market volume: GWh, 2017–22
    Table 62: Italy renewable energy market category segmentation: % share, by value, 2017–2022
    Table 63: Italy renewable energy market category segmentation: $ million, 2017-2022
    Table 64: Italy renewable energy market geography segmentation: $ million, 2022
    Table 65: Italy renewable energy market value forecast: $ million, 2022–27
    Table 66: Italy renewable energy market volume forecast: GWh, 2022–27
    Table 67: Italy size of population (million), 2018–22
    Table 68: Italy gdp (constant 2005 prices, $ billion), 2018–22
    Table 69: Italy gdp (current prices, $ billion), 2018–22
    Table 70: Italy inflation, 2018–22
    Table 71: Italy consumer price index (absolute), 2018–22
    Table 72: Italy exchange rate, 2018–22
    Table 73: Japan renewable energy market value: $ million, 2017-22
    Table 74: Japan renewable energy market volume: GWh, 2017–22
    Table 75: Japan renewable energy market category segmentation: % share, by value, 2017–2022
    Table 76: Japan renewable energy market category segmentation: $ million, 2017-2022
    Table 77: Japan renewable energy market geography segmentation: $ million, 2022
    Table 78: Japan renewable energy market value forecast: $ million, 2022–27
    Table 79: Japan renewable energy market volume forecast: GWh, 2022–27
    Table 80: Japan size of population (million), 2018–22
    Table 81: Japan gdp (constant 2005 prices, $ billion), 2018–22
    Table 82: Japan gdp (current prices, $ billion), 2018–22
    Table 83: Japan inflation, 2018–22
    Table 84: Japan consumer price index (absolute), 2018–22
    Table 85: Japan exchange rate, 2018–22
    Table 86: Australia renewable energy market value: $ million, 2017-22
    Table 87: Australia renewable energy market volume: GWh, 2017–22
    Table 88: Australia renewable energy market category segmentation: % share, by value, 2017–2022
    Table 89: Australia renewable energy market category segmentation: $ million, 2017-2022
    Table 90: Australia renewable energy market geography segmentation: $ million, 2022
    List of Figures
    Figure 1: Global renewable energy market value: $ million, 2017-22
    Figure 2: Global renewable energy market volume: GWh, 2017–22
    Figure 3: Global renewable energy market category segmentation: $ million, 2017-2022
    Figure 4: Global renewable energy market geography segmentation: % share, by value, 2022
    Figure 5: Global renewable energy market value forecast: $ million, 2022–27
    Figure 6: Global renewable energy market volume forecast: GWh, 2022–27
    Figure 7: Forces driving competition in the global renewable energy market, 2022
    Figure 8: Drivers of buyer power in the global renewable energy market, 2022
    Figure 9: Drivers of supplier power in the global renewable energy market, 2022
    Figure 10: Factors influencing the likelihood of new entrants in the global renewable energy market, 2022
    Figure 11: Factors influencing the threat of substitutes in the global renewable energy market, 2022
    Figure 12: Drivers of degree of rivalry in the global renewable energy market, 2022
    Figure 13: Asia-Pacific renewable energy market value: $ million, 2017-22
    Figure 14: Asia–Pacific renewable energy market volume: GWh, 2017–22
    Figure 15: Asia-Pacific renewable energy market category segmentation: $ million, 2017-2022
    Figure 16: Asia–Pacific renewable energy market geography segmentation: % share, by value, 2022
    Figure 17: Asia-Pacific renewable energy market value forecast: $ million, 2022–27
    Figure 18: Asia–Pacific renewable energy market volume forecast: GWh, 2022–27
    Figure 19: Forces driving competition in the renewable energy market in Asia-Pacific, 2022
    Figure 20: Drivers of buyer power in the renewable energy market in Asia-Pacific, 2022
    Figure 21: Drivers of supplier power in the renewable energy market in Asia-Pacific, 2022
    Figure 22: Factors influencing the likelihood of new entrants in the renewable energy market in Asia-Pacific, 2022
    Figure 23: Factors influencing the threat of substitutes in the renewable energy market in Asia-Pacific, 2022
    Figure 24: Drivers of degree of rivalry in the renewable energy market in Asia-Pacific, 2022
    Figure 25: Europe renewable energy market value: $ million, 2017-22
    Figure 26: Europe renewable energy market volume: GWh, 2017–22
    Figure 27: Europe renewable energy market category segmentation: $ million, 2017-2022
    Figure 28: Europe renewable energy market geography segmentation: % share, by value, 2022
    Figure 29: Europe renewable energy market value forecast: $ million, 2022–27
    Figure 30: Europe renewable energy market volume forecast: GWh, 2022–27
    Figure 31: Forces driving competition in the renewable energy market in Europe, 2022
    Figure 32: Drivers of buyer power in the renewable energy market in Europe, 2022
    Figure 33: Drivers of supplier power in the renewable energy market in Europe, 2022
    Figure 34: Factors influencing the likelihood of new entrants in the renewable energy market in Europe, 2022
    Figure 35: Factors influencing the threat of substitutes in the renewable energy market in Europe, 2022
    Figure 36: Drivers of degree of rivalry in the renewable energy market in Europe, 2022
    Figure 37: France renewable energy market value: $ million, 2017-22
    Figure 38: France renewable energy market volume: GWh, 2017–22
    Figure 39: France renewable energy market category segmentation: $ million, 2017-2022
    Figure 40: France renewable energy market geography segmentation: % share, by value, 2022
    Figure 41: France renewable energy market value forecast: $ million, 2022–27
    Figure 42: France renewable energy market volume forecast: GWh, 2022–27
    Figure 43: Forces driving competition in the renewable energy market in France, 2022
    Figure 44: Drivers of buyer power in the renewable energy market in France, 2022
    Figure 45: Drivers of supplier power in the renewable energy market in France, 2022
    Figure 46: Factors influencing the likelihood of new entrants in the renewable energy market in France, 2022
    Figure 47: Factors influencing the threat of substitutes in the renewable energy market in France, 2022
    Figure 48: Drivers of degree of rivalry in the renewable energy market in France, 2022
    Figure 49: Germany renewable energy market value: $ million, 2017-22
    Figure 50: Germany renewable energy market volume: GWh, 2017–22
    Figure 51: Germany renewable energy market category segmentation: $ million, 2017-2022
    Figure 52: Germany renewable energy market geography segmentation: % share, by value, 2022
    Figure 53: Germany renewable energy market value forecast: $ million, 2022–27
    Figure 54: Germany renewable energy market volume forecast: GWh, 2022–27
    Figure 55: Forces driving competition in the renewable energy market in Germany, 2022
    Figure 56: Drivers of buyer power in the renewable energy market in Germany, 2022
    Figure 57: Drivers of supplier power in the renewable energy market in Germany, 2022
    Figure 58: Factors influencing the likelihood of new entrants in the renewable energy market in Germany, 2022
    Figure 59: Factors influencing the threat of substitutes in the renewable energy market in Germany, 2022
    Figure 60: Drivers of degree of rivalry in the renewable energy market in Germany, 2022
    Figure 61: Italy renewable energy market value: $ million, 2017-22
    Figure 62: Italy renewable energy market volume: GWh, 2017–22
    Figure 63: Italy renewable energy market category segmentation: $ million, 2017-2022
    Figure 64: Italy renewable energy market geography segmentation: % share, by value, 2022
    Figure 65: Italy renewable energy market value forecast: $ million, 2022–27
    Figure 66: Italy renewable energy market volume forecast: GWh, 2022–27
    Figure 67: Forces driving competition in the renewable energy market in Italy, 2022
    Figure 68: Drivers of buyer power in the renewable energy market in Italy, 2022
    Figure 69: Drivers of supplier power in the renewable energy market in Italy, 2022
    Figure 70: Factors influencing the likelihood of new entrants in the renewable energy market in Italy, 2022
    Figure 71: Factors influencing the threat of substitutes in the renewable energy market in Italy, 2022
    Figure 72: Drivers of degree of rivalry in the renewable energy market in Italy, 2022
    Figure 73: Japan renewable energy market value: $ million, 2017-22
    Figure 74: Japan renewable energy market volume: GWh, 2017–22
    Figure 75: Japan renewable energy market category segmentation: $ million, 2017-2022
    Figure 76: Japan renewable energy market geography segmentation: % share, by value, 2022
    Figure 77: Japan renewable energy market value forecast: $ million, 2022–27
    Figure 78: Japan renewable energy market volume forecast: GWh, 2022–27
    Figure 79: Forces driving competition in the renewable energy market in Japan, 2022
    Figure 80: Drivers of buyer power in the renewable energy market in Japan, 2022
    Figure 81: Drivers of supplier power in the renewable energy market in Japan, 2022
    Figure 82: Factors influencing the likelihood of new entrants in the renewable energy market in Japan, 2022
    Figure 83: Factors influencing the threat of substitutes in the renewable energy market in Japan, 2022
    Figure 84: Drivers of degree of rivalry in the renewable energy market in Japan, 2022
    Figure 85: Australia renewable energy market value: $ million, 2017-22
    Figure 86: Australia renewable energy market volume: GWh, 2017–22
    Figure 87: Australia renewable energy market category segmentation: $ million, 2017-2022
    Figure 88: Australia renewable energy market geography segmentation: % share, by value, 2022
    Figure 89: Australia renewable energy market value forecast: $ million, 2022–27
    Figure 90: Australia renewable energy market volume forecast: GWh, 2022–27

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