MarkNtel Advisors recently published a detailed industry analysis of the Global Renewable Energy Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Renewable Energy Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Renewable Energy Market size was valued at around USD 1080 billion in 2024 and is projected to reach USD 1918 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12.17% during the forecast period, i.e., 2025-30.

Key Findings in Global Renewable Energy Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- Iberdrola, Siemens Gamesa, Ørsted A/S, NextEra Energy, Inc., EDf Renewable, General Electric, Vestas, Acciona, S.A., Canadian Solar, Enel Green Power SpA, Lightsource BP, Adani Green Energy Ltd., Tata Power Renewables, Enterprize Energy, JSW Energy, and others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Renewable Energy industry?

Rising Energy Security Concerns to Drive Market Growth – In today’s world, being energy-dependent is a serious threat to the nation’s economy. The conventional energy sources being limited to some parts of the globe disturbed the balance of power & income between nations. Therefore, a crucial need for upgrading and transitioning to new energy sources arose. Nations with low reserves of fossil fuels have been the first to deploy renewable energy in their existing power grids. Countries such as China and India have rapidly increased the share of renewables, especially solar, in their energy mix, helping in the steady addition of global renewable energy capacity each year. As per the IEA, in 2023 alone, approximately 510 GW was added to the existing capacity, which is estimated to be an increase of about 50% in contrast with that of 2022. For this, the countries have extended support to the private players in terms of policy support, financial support, etc., which has been fueling the market size & volume of renewable energy globally. For Instance,

• In 2023, the Indian government aimed to invest nearly USD 4.3 billion for its energy security goals and green energy transition plans.

Download now and gain valuable insights to inform your business strategy, drive growth, and stay ahead of the competition – Download Free PDF Sample– https://www.marknteladvisors.com/query/request-sample/renewable-energy-market.html

What segments define the Global Renewable Energy Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Source

• Solar – Market Size & Forecast, 2020-2030, MWh
• Wind – Market Size & Forecast, 2020-2030, MWh
• Hydro – Market Size & Forecast, 2020-2030, MWh
• Others (Biomass, geothermal, etc.) – Market Size & Forecast, 2020-2030, MWh

According to report, Solar as a renewable energy source has been experiencing the fastest growth in the previous years, with a major market share, and is expected to follow the same trend in the upcoming years too.

By End User

• Residential – Market Size & Forecast, 2020-2030, MWh
• Commercial – Market Size & Forecast, 2020-2030, MWh
• Industrial – Market Size & Forecast, 2020-2030, MWh

According to report, The residential sector has observed tremendous growth in the Renewable Energy Market in the past few years.

Explore the Complete Global Renewable Energy Market Analysis Report – https://www.marknteladvisors.com/research-library/renewable-energy-market.html

Geographical Analysis: Global Renewable Energy Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The Global Renewable Energy Industry Recent Development:

• 2024: Spanish renewable energy giant Siemens Gamesa attained a contract for the production, delivery, and servicing of wind turbines with a capacity of 14.4 MW for a 1.44 GW offshore wind farm in Poland. The company had received this contract from Equinor and Polenergia. This project aims to supply electricity to nearly 2 million Polish homes.
• 2023: The Indian Ministry of New and Renewable Energy and the Saudi Arabian Ministry of Investment agreed to support investments in each other’s new & renewable energy, specifically solar, wind, and green hydrogen. A Memorandum of Understanding (MoU) was signed for synergy between the two countries regarding the electrical connection between India and Saudi Arabia, the supply of electricity during peak load and emergency cases, a better supply chain, the co-development of projects, etc.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Renewable Energy Market?
• How is the Global Renewable Energy Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/renewable-energy-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

More Research Studies Report:

–Biocomposites Market size was valued at around USD 36.9 billion in 2025 and is projected to reach USD 89 billion by 2030 with a CAGR of around 119.27%.

–Green Solvents Market size was valued at around USD 1.34 billion in 2025 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.

For Media Inquiries, Please Contact:

Email: sales@marknteladvisors.com

Trending Blogs : www.marknteladvisors.com/blogs

Export-import Data : https://www.marknteladvisors.com/export-import-data