Green Energy Market Analysis 2021-2031 | Top Players
The Green Energy Market is expected to register a CAGR of 13.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Energy Source (Hydro, Wind, Solar, Geothermal, Others). The report further presents analysis based on the End User (Residential, Commercial, Industrial). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Green Energy Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Green Energy Market Segmentation
Energy Source- Hydro
- Wind
- Solar
- Geothermal
- Others
- Residential
- Commercial
- Industrial
Strategic Insights
Green Energy Market Growth Drivers- Climate Change and Environmental Concerns: The primary driver of the green energy market is the global recognition of the climate crisis. Rising greenhouse gas emissions from fossil fuels are the leading cause of global warming, resulting in adverse environmental impacts such as extreme weather events, rising sea levels, and biodiversity loss. Governments, businesses, and individuals are increasingly seeking clean energy solutions to mitigate these impacts, driving the growth of green energy.
- Government Policies and Regulations: Governments around the world are implementing supportive policies and regulations to accelerate the transition to green energy. These include renewable energy targets, tax incentives, subsidies, and carbon pricing mechanisms (e.g., carbon taxes or cap-and-trade systems). International agreements like the Paris Agreement are also pushing countries to adopt stricter emission reduction goals, which is spurring investment in renewable energy infrastructure.
- Energy Storage and Battery Technologies: The ability to store renewable energy is one of the most significant advancements in the green energy sector. As intermittent energy sources like solar and wind become more widely used, the development of advanced battery storage technologies (such as lithium-ion and solid-state batteries) is crucial to balancing supply and demand. This trend will enable more efficient use of renewable energy and will support the integration of clean energy into the grid, improving grid stability and flexibility.
- Green Hydrogen: Green hydrogen—hydrogen produced using renewable electricity—is an emerging trend in the green energy market. It has the potential to decarbonize hard-to-abate sectors like industrial manufacturing, transportation, and heavy industries, which are challenging to electrify directly. Green hydrogen can be used as a clean fuel for fuel cells, heating, and even power generation. Its versatility and potential to replace fossil fuels in multiple sectors make it a critical component of future decarbonization strategies.
- Rise in Renewable Energy Investments: As countries and corporations transition to renewable energy, there is a growing investment in green energy infrastructure. This includes the construction of new solar farms, wind farms, offshore wind installations, and geothermal plants. The global transition to clean energy presents enormous investment opportunities for developers, investors, and financial institutions looking to capitalize on the shift from fossil fuels to renewables.
- Growing Electric Vehicles (EVs) and Charging Infrastructure: The growth of the electric vehicle (EV) market presents a unique opportunity for green energy to play a critical role in the future of transportation. Charging EVs with clean energy from solar or wind sources will help reduce the carbon footprint of transportation. The development of EV charging infrastructure powered by green energy is an exciting opportunity for companies involved in both the renewable energy and electric vehicle industries.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Green Energy Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Green Energy Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Green Energy Market is estimated to witness a CAGR of 13.2% from 2023 to 2031
The major factors driving the Green Energy Market are: Increasing Residential and Utility Solar Installations and Government Intiatives towards Renewable Energy Installations
Increasing renewable power consumption coupled with significant efforts to minimize carbon footprint is the key future trend of the Green Energy Market
The leading players operating in the Green Energy Market include ACCIONA, Alstom SA, Xcel Energy, Enel Green Power S.P.A. , General Electric, Siemens Energy, Suzlon Energy Limited, Shenzhen Energy Group Co., Ltd., TATA Power Company Limited, and Terra-Gen, LLC
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Green Energy Market - By Type
1.3.2 Green Energy Market - By Application
1.3.3 Green Energy Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GREEN ENERGY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. GREEN ENERGY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GREEN ENERGY MARKET - GLOBAL MARKET ANALYSIS
6.1. GREEN ENERGY - GLOBAL MARKET OVERVIEW
6.2. GREEN ENERGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GREEN ENERGY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HYDROELECTRIC POWER
7.3.1. Overview
7.3.2. Hydroelectric Power Market Forecast and Analysis
7.4. WIND POWER
7.4.1. Overview
7.4.2. Wind Power Market Forecast and Analysis
7.5. BIOENERGY
7.5.1. Overview
7.5.2. Bioenergy Market Forecast and Analysis
7.6. SOLAR ENERGY
7.6.1. Overview
7.6.2. Solar Energy Market Forecast and Analysis
7.7. GEOTHERMAL ENERGY
7.7.1. Overview
7.7.2. Geothermal Energy Market Forecast and Analysis
8. GREEN ENERGY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. GREEN ENERGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Green Energy Market Overview
9.1.2 North America Green Energy Market Forecasts and Analysis
9.1.3 North America Green Energy Market Forecasts and Analysis - By Type
9.1.4 North America Green Energy Market Forecasts and Analysis - By Application
9.1.5 North America Green Energy Market Forecasts and Analysis - By Countries
9.1.5.1 United States Green Energy Market
9.1.5.1.1 United States Green Energy Market by Type
9.1.5.1.2 United States Green Energy Market by Application
9.1.5.2 Canada Green Energy Market
9.1.5.2.1 Canada Green Energy Market by Type
9.1.5.2.2 Canada Green Energy Market by Application
9.1.5.3 Mexico Green Energy Market
9.1.5.3.1 Mexico Green Energy Market by Type
9.1.5.3.2 Mexico Green Energy Market by Application
9.2. EUROPE
9.2.1 Europe Green Energy Market Overview
9.2.2 Europe Green Energy Market Forecasts and Analysis
9.2.3 Europe Green Energy Market Forecasts and Analysis - By Type
9.2.4 Europe Green Energy Market Forecasts and Analysis - By Application
9.2.5 Europe Green Energy Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Green Energy Market
9.2.5.1.1 Germany Green Energy Market by Type
9.2.5.1.2 Germany Green Energy Market by Application
9.2.5.2 France Green Energy Market
9.2.5.2.1 France Green Energy Market by Type
9.2.5.2.2 France Green Energy Market by Application
9.2.5.3 Italy Green Energy Market
9.2.5.3.1 Italy Green Energy Market by Type
9.2.5.3.2 Italy Green Energy Market by Application
9.2.5.4 United Kingdom Green Energy Market
9.2.5.4.1 United Kingdom Green Energy Market by Type
9.2.5.4.2 United Kingdom Green Energy Market by Application
9.2.5.5 Russia Green Energy Market
9.2.5.5.1 Russia Green Energy Market by Type
9.2.5.5.2 Russia Green Energy Market by Application
9.2.5.6 Rest of Europe Green Energy Market
9.2.5.6.1 Rest of Europe Green Energy Market by Type
9.2.5.6.2 Rest of Europe Green Energy Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Green Energy Market Overview
9.3.2 Asia-Pacific Green Energy Market Forecasts and Analysis
9.3.3 Asia-Pacific Green Energy Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Green Energy Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Green Energy Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Green Energy Market
9.3.5.1.1 Australia Green Energy Market by Type
9.3.5.1.2 Australia Green Energy Market by Application
9.3.5.2 China Green Energy Market
9.3.5.2.1 China Green Energy Market by Type
9.3.5.2.2 China Green Energy Market by Application
9.3.5.3 India Green Energy Market
9.3.5.3.1 India Green Energy Market by Type
9.3.5.3.2 India Green Energy Market by Application
9.3.5.4 Japan Green Energy Market
9.3.5.4.1 Japan Green Energy Market by Type
9.3.5.4.2 Japan Green Energy Market by Application
9.3.5.5 South Korea Green Energy Market
9.3.5.5.1 South Korea Green Energy Market by Type
9.3.5.5.2 South Korea Green Energy Market by Application
9.3.5.6 Rest of Asia-Pacific Green Energy Market
9.3.5.6.1 Rest of Asia-Pacific Green Energy Market by Type
9.3.5.6.2 Rest of Asia-Pacific Green Energy Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Green Energy Market Overview
9.4.2 Middle East and Africa Green Energy Market Forecasts and Analysis
9.4.3 Middle East and Africa Green Energy Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Green Energy Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Green Energy Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Green Energy Market
9.4.5.1.1 South Africa Green Energy Market by Type
9.4.5.1.2 South Africa Green Energy Market by Application
9.4.5.2 Saudi Arabia Green Energy Market
9.4.5.2.1 Saudi Arabia Green Energy Market by Type
9.4.5.2.2 Saudi Arabia Green Energy Market by Application
9.4.5.3 U.A.E Green Energy Market
9.4.5.3.1 U.A.E Green Energy Market by Type
9.4.5.3.2 U.A.E Green Energy Market by Application
9.4.5.4 Rest of Middle East and Africa Green Energy Market
9.4.5.4.1 Rest of Middle East and Africa Green Energy Market by Type
9.4.5.4.2 Rest of Middle East and Africa Green Energy Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Green Energy Market Overview
9.5.2 South and Central America Green Energy Market Forecasts and Analysis
9.5.3 South and Central America Green Energy Market Forecasts and Analysis - By Type
9.5.4 South and Central America Green Energy Market Forecasts and Analysis - By Application
9.5.5 South and Central America Green Energy Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Green Energy Market
9.5.5.1.1 Brazil Green Energy Market by Type
9.5.5.1.2 Brazil Green Energy Market by Application
9.5.5.2 Argentina Green Energy Market
9.5.5.2.1 Argentina Green Energy Market by Type
9.5.5.2.2 Argentina Green Energy Market by Application
9.5.5.3 Rest of South and Central America Green Energy Market
9.5.5.3.1 Rest of South and Central America Green Energy Market by Type
9.5.5.3.2 Rest of South and Central America Green Energy Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GREEN ENERGY MARKET, KEY COMPANY PROFILES
11.1. ABB LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ACCIONA, S.A.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ÉLECTRICITé DE FRANCE S.A.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ENEL SPA (ENEL)
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GENERAL ELECTRIC (GE)
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GERONIMO ENERGY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INNERGEX RENEWABLE ENERGY INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. INVENERGY, LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE TATA POWER COMPANY LIMITED (TATA POWER)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. XCEL ENERGY INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ABB Ltd.
2. Acciona, S.A.
3. Électricité de France S.A.
4. Enel Spa (Enel)
5. General Electric (GE)
6. Geronimo Energy
7. Innergex Renewable Energy Inc.
8. Invenergy, LLC
9. The Tata Power Company Limited (Tata Power)
10. Xcel Energy Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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