Renewable Energy in the United States
Summary
Renewable Energy in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 US renewable energy market recorded revenues of $79,008.7 million in 2023, representing a compound annual growth rate (CAGR) of 6.1% between 2018 and 2023.
- Market production volume increased with a CAGR of 7.3% between 2018 and 2023, to reach a total of 1,077,779.7 GWh in 2023.
- The US held a share of 15.2% of the global renewable energy market in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in the United States
- 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 United States renewable energy market with five year forecasts
- What was the size of the United States renewable energy market by value in 2023?
- What will be the size of the United States renewable energy market in 2028?
- What factors are affecting the strength of competition in the United States renewable energy market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States'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
- 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 Company Profiles
- 7.1. NextEra Energy, Inc.
- 7.2. Enel Green Power SpA
- 7.3. First Solar, Inc.
- 7.4. General Electric Company
- 8 Macroeconomic Indicators
- 8.1. Country data
- 9 Appendix
- 9.1. Methodology
- 9.2. Industry associations
- 9.3. Related MarketLine research
- 9.4. About MarketLine
- List of Tables
- Table 1: United States renewable energy market value: $ million, 2018-23
- Table 2: United States renewable energy market volume: GWh, 2018-23
- Table 3: United States renewable energy market category segmentation: % share, by value, 2018-2023
- Table 4: United States renewable energy market category segmentation: $ million, 2018-2023
- Table 5: United States renewable energy market geography segmentation: $ million, 2023
- Table 6: United States renewable energy market value forecast: $ million, 2023-28
- Table 7: United States renewable energy market volume forecast: GWh, 2023-28
- 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 SpA: key facts
- Table 13: Enel Green Power SpA: Key Employees
- Table 14: First Solar, Inc.: key facts
- Table 15: First Solar, Inc.: Annual Financial Ratios
- Table 16: First Solar, Inc.: Key Employees
- Table 17: General Electric Company: key facts
- Table 18: General Electric Company: Annual Financial Ratios
- Table 19: General Electric Company: Key Employees
- Table 20: General Electric Company: Key Employees Continued
- Table 21: General Electric Company: Key Employees Continued
- Table 22: United States size of population (million), 2019-23
- Table 23: United States gdp (constant 2005 prices, $ billion), 2019-23
- Table 24: United States gdp (current prices, $ billion), 2019-23
- Table 25: United States inflation, 2019-23
- Table 26: United States consumer price index (absolute), 2019-23
- Table 27: United States exchange rate, 2019-23
- List of Figures
- Figure 1: United States renewable energy market value: $ million, 2018-23
- Figure 2: United States renewable energy market volume: GWh, 2018-23
- Figure 3: United States renewable energy market category segmentation: $ million, 2018-2023
- Figure 4: United States renewable energy market geography segmentation: % share, by value, 2023
- Figure 5: United States renewable energy market value forecast: $ million, 2023-28
- Figure 6: United States renewable energy market volume forecast: GWh, 2023-28
- Figure 7: Forces driving competition in the renewable energy market in the United States, 2023
- Figure 8: Drivers of buyer power in the renewable energy market in the United States, 2023
- Figure 9: Drivers of supplier power in the renewable energy market in the United States, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in the United States, 2023
- Figure 11: Factors influencing the threat of substitutes in the renewable energy market in the United States, 2023
- Figure 12: Drivers of degree of rivalry in the renewable energy market in the United States, 2023
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