再生可能エネルギー市場の2030年までの予測： タイプ別、用途別、地域別の世界分析

Stratistics MRCによると、世界の再生可能エネルギー市場は2024年に1兆2,691億4,000万米ドルを占め、予測期間中のCAGRは18.8％で成長し、2030年には3兆5,678億5,000万米ドルに達すると予想されています。

再生可能エネルギーとは、太陽光、風、雨、潮汐、波、地熱などの天然資源から得られるエネルギーのことで、人間の時間スケールで復元可能なものを指します。再生可能エネルギー源は、化石燃料に比べて温室効果ガスの排出量が少なく、環境汚染への寄与も少ないため、気候変動を食い止め、持続可能な開発を保証するために不可欠です。

国際エネルギー機関（IEA）によれば、世界の再生可能エネルギー容量は、加速シナリオのもとでは2030年までに3倍近くに増加し、1万1000GW近くに達するといいます。

再生可能エネルギー技術コストの削減

再生可能エネルギー技術は、過去10年間の大幅なコスト削減により、化石燃料に対して経済的に競争力を持つようになった。国際再生可能エネルギー機関（IRENA）の報告によると、陸上風力発電のコストは2010年以降40％低下し、太陽光発電モジュールの価格は80％低下しました。この動向は、技術革新、規模の経済、製造の進歩によってもたらされています。さらに、例えばソーラーパネルの生産における中国の覇権が世界の価格下落に貢献し、タービンの効率向上が風力発電をより安価なものにしました。

高額な初期投資コスト

大幅なコスト削減にもかかわらず、再生可能エネルギー技術は、従来の化石燃料システムと比較すると、依然として多額の初期投資を必要とします。風力タービン、太陽光発電所、高度な送電網システムなどのインフラには、多額の資金投資が必要です。例えば、大規模な洋上風力発電プロジェクトは、送電網の統合、海底ケーブル配線、タービン設置などのコストがかかるため、投資家を尻込みさせる可能性があります。さらに、発展途上国の財源が限られているため、外部からの援助や融資なしに再生可能エネルギー・プロジェクトのための資金を確保することが困難であることも多いです。

グリーン水素の開発

再生可能エネルギーは、急成長するグリーン水素セクターという画期的なチャンスを手にしています。重工業、海運、航空など、脱炭素化が困難な産業の脱炭素化は、再生可能な電力で発電されるグリーン水素で可能になるかもしれないです。オーストラリア、日本、ドイツは、グリーン水素のインフラやプロジェクトに多額の投資を行っている国のひとつです。さらに、産業界と再生可能エネルギー企業とのコラボレーションが、水素技術の商業化を後押ししています。

従来型エネルギーの競合

化石燃料は、環境問題への懸念にもかかわらず、特に豊富で多額の補助金を得ている地域では、主要なライバルであり続けています。石炭や天然ガスは、多くの国で再生可能エネルギーよりも手頃な価格で入手できます。再生可能エネルギーの競争優位性は、化石燃料産業に減税や補助金を提供する政府によってさらに妨げられています。さらに、化石燃料を支える確立されたエネルギーネットワークやインフラも、再生可能エネルギーへの転換を難しくしています。

COVID-19の影響：

COVID-19の流行は、再生可能エネルギー市場にさまざまな影響を与えました。再生可能エネルギー・プロジェクトの開発は、一方ではサプライチェーンの混乱や、ロックダウンや規制によってもたらされたプロジェクト開発の遅れによって遅滞しました。緊急の経済問題や公衆衛生問題に対処するために投資が一時的に再配分されたため、再生可能エネルギーへの資金は特定の地域で影響を受けた。しかし、エネルギー需要のパターンが変化し、多くの国々でエネルギーミックスに占める自然エネルギーの割合が高まったため、パンデミックは化石燃料と比較して自然エネルギーの回復力を実証しました。

予測期間中、水力発電分野が最大となる見込み

再生可能エネルギー市場は、水力発電部門が支配的であると予想されます。その確立されたインフラ、拡張性、安定したエネルギー源としての信頼性が優位性の理由です。水力発電所は、ベースロード電力を供給するため、世界のエネルギーミックスに欠かせない存在です。水力発電所は、太陽光や風力のような断続的なエネルギー源とは対照的に、変化するエネルギー需要を満たすために出力を迅速に変更することができます。さらに、水力発電は中国、ブラジル、カナダなど多くの国で再生可能エネルギーの主要な供給源となっています。高い初期資本投資や環境への懸念といった障害にもかかわらず、この分野は長い運転寿命と低い運転コストを享受しています。

住宅用セグメントは予測期間中最も高いCAGRが見込まれる

再生可能エネルギー市場では、住宅分野が最も高いCAGRで成長すると予測されています。家庭用蓄電池システム、屋上ソーラーパネル、住宅用風力タービンなど、小規模な再生可能エネルギーの利用が拡大していることが、この成長をもたらしています。世界各国の政府が、税額控除、固定価格買取制度、補助金などのインセンティブを提供し、住宅所有者に再生可能エネルギーへの転換を促すことで、市場の成長はさらに加速しています。さらに、技術開発によって再生可能エネルギー・システムのコスト削減と効率向上が進み、環境の持続可能性とエネルギー自給に対する消費者の要求が満たされています。

最大のシェアを占める地域：

再生可能エネルギー市場は、アジア太平洋地域が支配的であると予想されます。特に世界のソーラーパネル市場の主要参入企業である中国やインドなどの国々で、太陽光発電プロジェクトに多額の投資が行われていることが、この優位性の原動力となっています。この地域の急速な都市化と工業化がエネルギー需要を高めているため、各国政府は再生可能エネルギーの利用を奨励するインセンティブを制定しています。さらに、オーストラリアや日本のような国々が再生可能インフラに多額の投資を行っており、再生可能エネルギー開発のパイオニアとしてのこの地域の地位を強化しています。

CAGRが最も高い地域：

予測期間中、再生可能エネルギー市場のCAGRが最も高いのは北米地域です。二酸化炭素排出量の削減と持続可能なエネルギー慣行の奨励を目的とした政府プログラムと、再生可能技術、特に太陽エネルギーと風力エネルギーへの投資の増加が、この成長を後押ししています。この地域では、最先端の再生可能エネルギー生産技術が重視されており、経済成長の結果として電力需要が増加し続けているため、市場の拡大がさらに加速すると予想されます。

無料のカスタマイズサービス

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場企業の包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 用途分析
• 新興市場
• COVID-19の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界の再生可能エネルギー市場：タイプ別

• 水力発電
• 風力
• バイオエネルギー
• 太陽エネルギー
• 地熱エネルギー
• 海洋エネルギー

第6章 世界の再生可能エネルギー市場：用途別

• 住宅
• コマーシャル
• 産業
  • 発電
  • 化学・石油化学製品
  • 石油・ガス
  • 食品・飲料
• ユーティリティ
• その他のアプリケーション

第7章 世界の再生可能エネルギー市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東とアフリカ

第8章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品発売
• 事業拡大
• その他の主要戦略

第9章 企業プロファイリング

• ABB Ltd
• EDF Renewables
• Innergex
• Schneider Electric
• Adani Green Energy Ltd
• Tata Power Company Limited
• General Electric（GE）
• Enel Green Power S.p.A
• Acconia S.A.
• Invenergy
• Suzlon Energy Ltd.
• Geronimo Energy
• Xcel Energy Inc
• Orient Green Power Company Ltd
• Siemens Gamesa Renewable Energy, S.A.

List of Tables

• Table 1 Global Renewable Energy Market Outlook, By Region (2022-2030) ($MN)
• Table 2 Global Renewable Energy Market Outlook, By Type (2022-2030) ($MN)
• Table 3 Global Renewable Energy Market Outlook, By Hydroelectric Power (2022-2030) ($MN)
• Table 4 Global Renewable Energy Market Outlook, By Wind Power (2022-2030) ($MN)
• Table 5 Global Renewable Energy Market Outlook, By Bioenergy (2022-2030) ($MN)
• Table 6 Global Renewable Energy Market Outlook, By Solar Energy (2022-2030) ($MN)
• Table 7 Global Renewable Energy Market Outlook, By Geothermal Energy (2022-2030) ($MN)
• Table 8 Global Renewable Energy Market Outlook, By Ocean Energy (2022-2030) ($MN)
• Table 9 Global Renewable Energy Market Outlook, By Application (2022-2030) ($MN)
• Table 10 Global Renewable Energy Market Outlook, By Residential (2022-2030) ($MN)
• Table 11 Global Renewable Energy Market Outlook, By Commercial (2022-2030) ($MN)
• Table 12 Global Renewable Energy Market Outlook, By Industrial (2022-2030) ($MN)
• Table 13 Global Renewable Energy Market Outlook, By Power (2022-2030) ($MN)
• Table 14 Global Renewable Energy Market Outlook, By Chemicals & Petrochemicals (2022-2030) ($MN)
• Table 15 Global Renewable Energy Market Outlook, By Oil & Gas (2022-2030) ($MN)
• Table 16 Global Renewable Energy Market Outlook, By Food & Beverage (2022-2030) ($MN)
• Table 17 Global Renewable Energy Market Outlook, By Utilities (2022-2030) ($MN)
• Table 18 Global Renewable Energy Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 19 North America Renewable Energy Market Outlook, By Country (2022-2030) ($MN)
• Table 20 North America Renewable Energy Market Outlook, By Type (2022-2030) ($MN)
• Table 21 North America Renewable Energy Market Outlook, By Hydroelectric Power (2022-2030) ($MN)
• Table 22 North America Renewable Energy Market Outlook, By Wind Power (2022-2030) ($MN)
• Table 23 North America Renewable Energy Market Outlook, By Bioenergy (2022-2030) ($MN)
• Table 24 North America Renewable Energy Market Outlook, By Solar Energy (2022-2030) ($MN)
• Table 25 North America Renewable Energy Market Outlook, By Geothermal Energy (2022-2030) ($MN)
• Table 26 North America Renewable Energy Market Outlook, By Ocean Energy (2022-2030) ($MN)
• Table 27 North America Renewable Energy Market Outlook, By Application (2022-2030) ($MN)
• Table 28 North America Renewable Energy Market Outlook, By Residential (2022-2030) ($MN)
• Table 29 North America Renewable Energy Market Outlook, By Commercial (2022-2030) ($MN)
• Table 30 North America Renewable Energy Market Outlook, By Industrial (2022-2030) ($MN)
• Table 31 North America Renewable Energy Market Outlook, By Power (2022-2030) ($MN)
• Table 32 North America Renewable Energy Market Outlook, By Chemicals & Petrochemicals (2022-2030) ($MN)
• Table 33 North America Renewable Energy Market Outlook, By Oil & Gas (2022-2030) ($MN)
• Table 34 North America Renewable Energy Market Outlook, By Food & Beverage (2022-2030) ($MN)
• Table 35 North America Renewable Energy Market Outlook, By Utilities (2022-2030) ($MN)
• Table 36 North America Renewable Energy Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 37 Europe Renewable Energy Market Outlook, By Country (2022-2030) ($MN)
• Table 38 Europe Renewable Energy Market Outlook, By Type (2022-2030) ($MN)
• Table 39 Europe Renewable Energy Market Outlook, By Hydroelectric Power (2022-2030) ($MN)
• Table 40 Europe Renewable Energy Market Outlook, By Wind Power (2022-2030) ($MN)
• Table 41 Europe Renewable Energy Market Outlook, By Bioenergy (2022-2030) ($MN)
• Table 42 Europe Renewable Energy Market Outlook, By Solar Energy (2022-2030) ($MN)
• Table 43 Europe Renewable Energy Market Outlook, By Geothermal Energy (2022-2030) ($MN)
• Table 44 Europe Renewable Energy Market Outlook, By Ocean Energy (2022-2030) ($MN)
• Table 45 Europe Renewable Energy Market Outlook, By Application (2022-2030) ($MN)
• Table 46 Europe Renewable Energy Market Outlook, By Residential (2022-2030) ($MN)
• Table 47 Europe Renewable Energy Market Outlook, By Commercial (2022-2030) ($MN)
• Table 48 Europe Renewable Energy Market Outlook, By Industrial (2022-2030) ($MN)
• Table 49 Europe Renewable Energy Market Outlook, By Power (2022-2030) ($MN)
• Table 50 Europe Renewable Energy Market Outlook, By Chemicals & Petrochemicals (2022-2030) ($MN)
• Table 51 Europe Renewable Energy Market Outlook, By Oil & Gas (2022-2030) ($MN)
• Table 52 Europe Renewable Energy Market Outlook, By Food & Beverage (2022-2030) ($MN)
• Table 53 Europe Renewable Energy Market Outlook, By Utilities (2022-2030) ($MN)
• Table 54 Europe Renewable Energy Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 55 Asia Pacific Renewable Energy Market Outlook, By Country (2022-2030) ($MN)
• Table 56 Asia Pacific Renewable Energy Market Outlook, By Type (2022-2030) ($MN)
• Table 57 Asia Pacific Renewable Energy Market Outlook, By Hydroelectric Power (2022-2030) ($MN)
• Table 58 Asia Pacific Renewable Energy Market Outlook, By Wind Power (2022-2030) ($MN)
• Table 59 Asia Pacific Renewable Energy Market Outlook, By Bioenergy (2022-2030) ($MN)
• Table 60 Asia Pacific Renewable Energy Market Outlook, By Solar Energy (2022-2030) ($MN)
• Table 61 Asia Pacific Renewable Energy Market Outlook, By Geothermal Energy (2022-2030) ($MN)
• Table 62 Asia Pacific Renewable Energy Market Outlook, By Ocean Energy (2022-2030) ($MN)
• Table 63 Asia Pacific Renewable Energy Market Outlook, By Application (2022-2030) ($MN)
• Table 64 Asia Pacific Renewable Energy Market Outlook, By Residential (2022-2030) ($MN)
• Table 65 Asia Pacific Renewable Energy Market Outlook, By Commercial (2022-2030) ($MN)
• Table 66 Asia Pacific Renewable Energy Market Outlook, By Industrial (2022-2030) ($MN)
• Table 67 Asia Pacific Renewable Energy Market Outlook, By Power (2022-2030) ($MN)
• Table 68 Asia Pacific Renewable Energy Market Outlook, By Chemicals & Petrochemicals (2022-2030) ($MN)
• Table 69 Asia Pacific Renewable Energy Market Outlook, By Oil & Gas (2022-2030) ($MN)
• Table 70 Asia Pacific Renewable Energy Market Outlook, By Food & Beverage (2022-2030) ($MN)
• Table 71 Asia Pacific Renewable Energy Market Outlook, By Utilities (2022-2030) ($MN)
• Table 72 Asia Pacific Renewable Energy Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 73 South America Renewable Energy Market Outlook, By Country (2022-2030) ($MN)
• Table 74 South America Renewable Energy Market Outlook, By Type (2022-2030) ($MN)
• Table 75 South America Renewable Energy Market Outlook, By Hydroelectric Power (2022-2030) ($MN)
• Table 76 South America Renewable Energy Market Outlook, By Wind Power (2022-2030) ($MN)
• Table 77 South America Renewable Energy Market Outlook, By Bioenergy (2022-2030) ($MN)
• Table 78 South America Renewable Energy Market Outlook, By Solar Energy (2022-2030) ($MN)
• Table 79 South America Renewable Energy Market Outlook, By Geothermal Energy (2022-2030) ($MN)
• Table 80 South America Renewable Energy Market Outlook, By Ocean Energy (2022-2030) ($MN)
• Table 81 South America Renewable Energy Market Outlook, By Application (2022-2030) ($MN)
• Table 82 South America Renewable Energy Market Outlook, By Residential (2022-2030) ($MN)
• Table 83 South America Renewable Energy Market Outlook, By Commercial (2022-2030) ($MN)
• Table 84 South America Renewable Energy Market Outlook, By Industrial (2022-2030) ($MN)
• Table 85 South America Renewable Energy Market Outlook, By Power (2022-2030) ($MN)
• Table 86 South America Renewable Energy Market Outlook, By Chemicals & Petrochemicals (2022-2030) ($MN)
• Table 87 South America Renewable Energy Market Outlook, By Oil & Gas (2022-2030) ($MN)
• Table 88 South America Renewable Energy Market Outlook, By Food & Beverage (2022-2030) ($MN)
• Table 89 South America Renewable Energy Market Outlook, By Utilities (2022-2030) ($MN)
• Table 90 South America Renewable Energy Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 91 Middle East & Africa Renewable Energy Market Outlook, By Country (2022-2030) ($MN)
• Table 92 Middle East & Africa Renewable Energy Market Outlook, By Type (2022-2030) ($MN)
• Table 93 Middle East & Africa Renewable Energy Market Outlook, By Hydroelectric Power (2022-2030) ($MN)
• Table 94 Middle East & Africa Renewable Energy Market Outlook, By Wind Power (2022-2030) ($MN)
• Table 95 Middle East & Africa Renewable Energy Market Outlook, By Bioenergy (2022-2030) ($MN)
• Table 96 Middle East & Africa Renewable Energy Market Outlook, By Solar Energy (2022-2030) ($MN)
• Table 97 Middle East & Africa Renewable Energy Market Outlook, By Geothermal Energy (2022-2030) ($MN)
• Table 98 Middle East & Africa Renewable Energy Market Outlook, By Ocean Energy (2022-2030) ($MN)
• Table 99 Middle East & Africa Renewable Energy Market Outlook, By Application (2022-2030) ($MN)
• Table 100 Middle East & Africa Renewable Energy Market Outlook, By Residential (2022-2030) ($MN)
• Table 101 Middle East & Africa Renewable Energy Market Outlook, By Commercial (2022-2030) ($MN)
• Table 102 Middle East & Africa Renewable Energy Market Outlook, By Industrial (2022-2030) ($MN)
• Table 103 Middle East & Africa Renewable Energy Market Outlook, By Power (2022-2030) ($MN)
• Table 104 Middle East & Africa Renewable Energy Market Outlook, By Chemicals & Petrochemicals (2022-2030) ($MN)
• Table 105 Middle East & Africa Renewable Energy Market Outlook, By Oil & Gas (2022-2030) ($MN)
• Table 106 Middle East & Africa Renewable Energy Market Outlook, By Food & Beverage (2022-2030) ($MN)
• Table 107 Middle East & Africa Renewable Energy Market Outlook, By Utilities (2022-2030) ($MN)
• Table 108 Middle East & Africa Renewable Energy Market Outlook, By Other Applications (2022-2030) ($MN)

According to Stratistics MRC, the Global Renewable Energy Market is accounted for $1269.14 billion in 2024 and is expected to reach $3567.85 billion by 2030 growing at a CAGR of 18.8% during the forecast period. Renewable energy describes energy that comes from natural resources like sunlight, wind, rain, tides, waves, and geothermal heat that are restored on a human timescale. Since renewable energy sources emit fewer greenhouse gases and contribute to less environmental pollution than fossil fuels, they are essential for halting climate change and guaranteeing sustainable development.

According to the International Energy Agency (IEA), global renewable energy capacity is set to nearly triple by 2030 under its accelerated scenario, reaching almost 11,000 GW.

Market Dynamics:

Driver:

Reduction in renewable technology costs

Renewable energy technologies have become economically competitive with fossil fuels due to a significant decrease in cost over the last ten years. The International Renewable Energy Agency (IRENA) reports that onshore wind costs have dropped by 40% since 2010, while solar PV module prices have dropped by 80%. This trend is being driven by technological innovations, economies of scale, and manufacturing advancements. Additionally, China's hegemony in the production of solar panels, for instance, has helped to lower prices globally, and advancements in turbine efficiency have made wind power more affordable.

Restraint:

Expensive initial investment costs

Despite considerable cost reductions, renewable energy technologies still require a large initial investment when compared to conventional fossil fuel systems. Large financial investments are needed for infrastructure such as wind turbines, solar farms, and sophisticated grid systems. Large offshore wind projects, for example, can put off investors due to the costs of grid integration, subsea cabling, and turbine installation. Furthermore, adoption rates are also slowed by developing nations limited financial resources, which frequently make it difficult to set aside money for renewable energy projects without outside assistance or loans.

Opportunity:

Development of green hydrogen

Renewable energy has a revolutionary opportunity with the burgeoning green hydrogen sector. Decarbonizing hard-to-abate industries like heavy industry, shipping, and aviation may be possible with green hydrogen, which is generated using renewable electricity. Australia, Japan, and Germany are among the nations making significant investments in green hydrogen infrastructure and projects. Moreover, collaborations between industries and renewable energy firms are propelling the commercialization of hydrogen technologies.

Threat:

Conventional energy's competitiveness

Fossil fuels continue to be a major rival despite environmental concerns, particularly in areas where they are plentiful and heavily subsidized. Coal and natural gas continue to be more affordable and available than renewable alternatives in many nations. The competitive advantage of renewable energy is further hampered by governments that offer tax breaks or subsidies to the fossil fuel industry. Additionally, the established energy networks and infrastructure that support fossil fuels also make the switch to renewable energy sources more difficult.

Covid-19 Impact:

The COVID-19 pandemic affected the market for renewable energy in different ways. The deployment of renewable energy projects was slowed down, on the one hand, by supply chain disruptions and project development delays brought on by lockdowns and restrictions. Funding for renewable energy was impacted in certain areas as investments were momentarily reallocated to address pressing economic and public health issues. However, as energy demand patterns changed and renewables grew in proportion to the energy mix in many nations, the pandemic demonstrated the resilience of renewables in comparison to fossil fuels.

The Hydroelectric Power segment is expected to be the largest during the forecast period

The market for renewable energy is expected to be dominated by the hydroelectric power segment. Its established infrastructure, scalability, and dependability as a steady energy source are the reasons for its dominance. Hydroelectric plants are an essential part of the world's energy mix because they supply base load electricity. Hydropower plants can swiftly modify their output to satisfy changing energy demands, in contrast to intermittent sources like solar and wind. Furthermore, hydropower is a major source of renewable energy in many nations, such as China, Brazil, and Canada. Despite obstacles like high initial capital investment and environmental concerns, the segment enjoys long operational life spans and low operating costs.

The Residential segment is expected to have the highest CAGR during the forecast period

In the market for renewable energy, the residential segment is projected to grow at the highest CAGR. The growing use of small-scale renewable energy sources like home battery storage systems, rooftop solar panels, and residential wind turbines is what is causing this growth. The growth of the market is being further accelerated by governments around the world offering incentives such as tax credits, feed-in tariffs, and subsidies to entice homeowners to switch to renewable energy. Moreover, technological developments have reduced the cost and increased the efficiency of renewable energy systems, satisfying consumer demands for environmental sustainability and energy independence.

Region with largest share:

The market for renewable energy is expected to be dominated by the Asia Pacific region. Significant investments in solar power projects, especially in nations like China and India, which are major participants in the global solar panel market, are the driving force behind this dominance. Rapid urbanization and industrialization in the area have raised energy demands, which is why governments are enacting incentives to encourage the use of renewable energy. Additionally, countries like Australia and Japan are making significant investments in renewable infrastructure, strengthening the region's standing as a pioneer in the development of renewable energy.

Region with highest CAGR:

Over the course of the forecast period, the renewable energy market is expected to grow at the highest CAGR in the North American region. Government programs aimed at lowering carbon emissions and encouraging sustainable energy practices, as well as growing investments in renewable technologies, particularly solar and wind energy, are driving this growth. The region's emphasis on cutting-edge renewable energy production techniques is anticipated to further accelerate market expansion as the demand for electricity continues to rise as a result of economic growth.

Key players in the market

Some of the key players in Renewable Energy market include ABB Ltd, EDF Renewables, Innergex, Schneider Electric, Adani Green Energy Ltd, Tata Power Company Limited, General Electric (GE), Enel Green Power S.p.A, Acconia S.A., Invenergy, Suzlon Energy Ltd., Geronimo Energy, Xcel Energy Inc, Orient Green Power Company Ltd and Siemens Gamesa Renewable Energy, S.A.

Key Developments:

In November 2024, EDF Renewables North America has signed a 20-year Energy Storage Power Purchase Agreement (PPA) with Arizona Public Service (APS) for the development of the Beehive Battery Energy Storage System in Peoria, Arizona. This stand-alone battery energy storage system (BESS), with a capacity of 250 MW and four-hour duration, is expected to begin construction in 2025 and reach commercial operation in 2026.

In October 2024, Schneider Electric and StarCharge have signed a joint venture agreement aimed at driving innovation in the European electric vehicle (EV) and energy storage markets. The joint venture will create a leading European prosumer company delivering EV charging infrastructure, photovoltaic inverters, AC and DC chargers, and storage systems to the European market.

In May 2024, ABB Canada and Powrmatic Canada Ltd announced a new regional distribution agreement. Powrmatic will provide electrical contractors increased access to a complete portfolio of cutting-edge ABB products and smart building solutions including, safety switches, switchboards, panelboards, amongst others, aimed at lowering energy consumption and ensuring electrical safety in residential and commercial buildings.

Types Covered:

• Hydroelectric Power
• Wind Power
• Bioenergy
• Solar Energy
• Geothermal Energy
• Ocean Energy

Applications Covered:

• Residential
• Commercial
• Industrial
• Utilities
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Renewable Energy Market, By Type

• 5.1 Introduction
• 5.2 Hydroelectric Power
• 5.3 Wind Power
• 5.4 Bioenergy
• 5.5 Solar Energy
• 5.6 Geothermal Energy
• 5.7 Ocean Energy

6 Global Renewable Energy Market, By Application

• 6.1 Introduction
• 6.2 Residential
• 6.3 Commercial
• 6.4 Industrial
  • 6.4.1 Power
  • 6.4.2 Chemicals & Petrochemicals
  • 6.4.3 Oil & Gas
  • 6.4.4 Food & Beverage
• 6.5 Utilities
• 6.6 Other Applications

7 Global Renewable Energy Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 ABB Ltd
• 9.2 EDF Renewables
• 9.3 Innergex
• 9.4 Schneider Electric
• 9.5 Adani Green Energy Ltd
• 9.6 Tata Power Company Limited
• 9.7 General Electric (GE)
• 9.8 Enel Green Power S.p.A
• 9.9 Acconia S.A.
• 9.10 Invenergy
• 9.11 Suzlon Energy Ltd.
• 9.12 Geronimo Energy
• 9.13 Xcel Energy Inc
• 9.14 Orient Green Power Company Ltd
• 9.15 Siemens Gamesa Renewable Energy, S.A.