Green Power Market Size, Share, Growth, Trends, and Industry Analysis: By Energy Source, By Application, By End User, and Region Forecast 2019-2030

Green Power Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Industry Analysis By Energy Source (Solar Energy, Wind Energy, Geothermal Energy, Hydroelectric Power, Bioenergy, and Others), By Application (Electricity Generation, Transportation, Heating, Others), By End User (Residential, Commercial, Industrial, Utility), and Region Forecast 2019-2030

Green Power Market size was valued at US$ 45,732.4 million in 2023 and is expected to grow at a 12.1% CAGR from 2024 to 2030. Green power is the electrical energy produced from various eco-friendly and renewable sources such as wind, solar, geothermal, and hydropower. The increasing awareness of eco-friendly renewable energy among the population, and growing government campaigns and initiatives in various countries to support the green environment and enhance green power sources availability is expected to increase the demand for green power and drive the growth of the market over the significant rate.

For instance, the Indian government is providing subsidies to setup residential solar panels. In addition, the cost of green energy is low compared to conventional energy sources, and the capability of green energy to replace fossil fuel in the future is expected to boost the market growth over the forecast years. Furthermore, various government bodies across the globe are shifting to renewable energy sources like wind, solar, and hydropower by replacing them with conventional electricity sources. For instance, the Indian government has taken advantage of community choice aggregation policies, which permit government bodies across the globe to procure renewable energy resources on behalf of their constituents while retaining their existing electricity provider for transmission and distribution services, and increasing investments in renewable energy sources in countries like India, China is expected to trigger the market growth in the Asia Pacific region over the forecast years.

However, factors like huge initial investments in the setup of renewable energy sources, procurement, and monitoring of acceptable solar sites to determine whether they are suitable or not, and training of personnel to install operate, and maintain advanced technologies are expected to hamper the growth of market over the forecast years.

Green Power Market Key Developments

  • In April 2021, Amazon, a corporate buyer of renewable energy invested in Canada to acquire electricity from the new solar projects in Newell County built by Greengate Power Corp.

Green Power Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

12.1%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Green Power Market Dynamics

The green power market is expected to grow over the forecast period due to the increasing environmental consciousness among the public to reduce carbon footprints and the low energy cost of renewable energy. Various initiatives and campaigns in reducing carbon footprint in the environment are conducted by the government in many emerging countries like India, China, USA, and other Middle east countries. For instance, Indian government is providing subsidies for the residential and industrial setup of solar panels. The renewable energy releases zero emission of carbon in environment. the green energy not only reduces the carbon foot prints in environment but also helps in preservation of natural resources.

Green Power Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 45,732.4 million

Market CAGR

12.1%

By Energy Source

  • Solar Energy
  • Wind Energy
  • Geothermal Energy
  • Hydroelectric power
  • Bioenergy
  • Others

By Application

  • Electricity generation
  • Transportation
  • Heating
  • Others

By End User

  • Residential
  • Commercial
  • Industrial
  • Utility

By Region

  • North America (USA, Canada)
  • Europe (Germany, UK, France, Spain, Italy , Rest of Europe)
  • The Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia- Pacific)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • MEA (Saudi Arabia, UAE, South Africa, Rest of MEA)

Key Features of the Report

  • The green power market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis 

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LOCATION

Geography

geography

Frequently Asked Questions

The global green power market size was valued at US$ 45,732.4 million in 2023 and is projected to grow at a CAGR of 12.1% by 2030.

The leading players in the global green power market are Trina Solar, Adani Green Energy Ltd, Canadian Solar, Tata Power Solar Systems Limited, Innergex, Enel Green Power, Xcel Energy, Acciona, Upwind Solutions, Sinovel Wind Group Co Ltd., Geronimo Energy.

Asia Pacific region is expected to have a larger market share value due to its increased population and increasing demand for electricity and increasing industrialization over the forecast period.

1. Executive Summary
2. Global Green Power Market Introduction 
2.1.Global Green Power Market  - Taxonomy
2.2.Global Green Power Market  - Definitions
2.2.1.Energy Source
2.2.2.Application
2.2.3.End Users
2.2.4.Geography
2.2.5.Region
3. Global Green Power Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Green Power Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Green Power Market  By Energy Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Solar Energy
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Wind Energy
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Geothermal Energy
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Hydroelectric power
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Bioenergy
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Others
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6. Global Green Power Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Electricity generation
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Transportation
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Heating
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Others
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7. Global Green Power Market  By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Residential
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Commercial
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Industrial
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Utility
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8. Global Green Power Market  By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. The Asia Pacific
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Latin America
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. MEA
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9. Global Green Power Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10. North America Green Power Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Energy Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Solar Energy
10.1.2.Wind Energy
10.1.3.Geothermal Energy
10.1.4.Hydroelectric power
10.1.5.Bioenergy
10.1.6.Others
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Electricity generation
10.2.2.Transportation
10.2.3.Heating
10.2.4.Others
10.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Residential
10.3.2.Commercial
10.3.3.Industrial
10.3.4.Utility
10.4.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.North America
10.4.2.Europe
10.4.3.The Asia Pacific
10.4.4.Latin America
10.4.5.MEA
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11. Europe Green Power Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Energy Source Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Solar Energy
11.1.2.Wind Energy
11.1.3.Geothermal Energy
11.1.4.Hydroelectric power
11.1.5.Bioenergy
11.1.6.Others
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Electricity generation
11.2.2.Transportation
11.2.3.Heating
11.2.4.Others
11.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Residential
11.3.2.Commercial
11.3.3.Industrial
11.3.4.Utility
11.4.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.North America
11.4.2.Europe
11.4.3.The Asia Pacific
11.4.4.Latin America
11.4.5.MEA
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12. Asia Pacific (APAC) Green Power Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Energy Source Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Solar Energy
12.1.2.Wind Energy
12.1.3.Geothermal Energy
12.1.4.Hydroelectric power
12.1.5.Bioenergy
12.1.6.Others
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Electricity generation
12.2.2.Transportation
12.2.3.Heating
12.2.4.Others
12.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Residential
12.3.2.Commercial
12.3.3.Industrial
12.3.4.Utility
12.4.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.North America
12.4.2.Europe
12.4.3.The Asia Pacific
12.4.4.Latin America
12.4.5.MEA
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13. Middle East and Africa (MEA) Green Power Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Energy Source Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Solar Energy
13.1.2.Wind Energy
13.1.3.Geothermal Energy
13.1.4.Hydroelectric power
13.1.5.Bioenergy
13.1.6.Others
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Electricity generation
13.2.2.Transportation
13.2.3.Heating
13.2.4.Others
13.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Residential
13.3.2.Commercial
13.3.3.Industrial
13.3.4.Utility
13.4.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.North America
13.4.2.Europe
13.4.3.The Asia Pacific
13.4.4.Latin America
13.4.5.MEA
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14. Latin America Green Power Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Energy Source Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Solar Energy
14.1.2.Wind Energy
14.1.3.Geothermal Energy
14.1.4.Hydroelectric power
14.1.5.Bioenergy
14.1.6.Others
14.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Electricity generation
14.2.2.Transportation
14.2.3.Heating
14.2.4.Others
14.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Residential
14.3.2.Commercial
14.3.3.Industrial
14.3.4.Utility
14.4.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.North America
14.4.2.Europe
14.4.3.The Asia Pacific
14.4.4.Latin America
14.4.5.MEA
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Trina Solar
15.2.2.Adani Green Energy Ltd
15.2.3.Canadian Solar
15.2.4.Tata Power Solar Systems Limited
15.2.5.Innergex
15.2.6.Enel Green Power
15.2.7.Xcel Energy
15.2.8.Acciona
15.2.9.Upwind Solutions
15.2.10.Sinovel Wind Group Co Ltd.
15.2.11.Geronimo Energy
16. Research Methodology 
17. Appendix and Abbreviations 

Key Market Players

  • Trina Solar
  • Adani Green Energy Ltd
  • Canadian Solar
  • Tata Power Solar Systems Limited
  • Innergex
  • Enel Green Power
  • Xcel Energy
  • Acciona
  • Upwind Solutions
  • Sinovel Wind Group Co Ltd.
  • Geronimo Energy

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