Global Clean Energy Market Size is valued at USD 990.8 Billion in the year 2024 and is predicted to reach USD 2,485.0 Billion by the year 2034 at an 9.9% CAGR during the forecast period for 2025-2034.
Clean energy is energy from clean or low-emission sources that have little to no effect on the environment and release few greenhouse gases. One of the main factors is the quick uptake of wind and solar technologies, which are becoming increasingly efficient and affordable. Governments are further driving market expansion by enacting advantageous regulations and incentives to hasten the switch to clean energy sources. Furthermore, technological developments in energy storage solutions are also becoming increasingly important. Advancements in battery technology are bringing about increased grid integration and dependability of renewable energy. Additionally, the demand for clean energy and related infrastructure is rising due to the popularity of electric vehicles. The growing use of energy storage devices and electric cars further enhances market development potential. Advancements greatly influence prospects in grid integration and battery technologies.
However, the market growth is hampered by the high cost, insufficient energy storage, reduced grid reliability, regulatory uncertainty, and lack of infrastructure, which are major obstacles to the adoption of the clean energy market. Furthermore, the growth of the clean energy market is anticipated to be fueled by rising energy consumption and global power demand, as well as growing environmental concerns, government regulations, cost-cutting and efficiency-enhancing technological advancements, and supportive policies that encourage the deployment of renewable energy and corporate sustainability pledges worldwide, which is growing market in the coming years.
The clean energy market is segmented based on type, product, services, technology, component, application, deployment, end-user, installation type, and solutions. Based on the type, the market is segmented into solar energy, wind energy, hydroelectric energy, geothermal energy, biomass energy, ocean energy, hydrogen energy, and nuclear energy. By product, the market is segmented into solar panels, wind turbines, hydroelectric generators, geothermal heat pumps, biomass boilers, wave energy converters, hydrogen fuel cells, and nuclear reactors. By services, the market is segmented into installation, maintenance, consulting, energy auditing, system integration, project management, and financing.
By technology, the market is segmented into photovoltaic, concentrated solar power, horizontal axis wind turbines, vertical axis wind turbines, run-of-the-river, binary cycle power plants, anaerobic digestion, and tidal stream. By component, the market is segmented into solar inverters, wind blades, hydraulic turbines, geothermal drills, biomass feedstock, wave buoys, hydrogen electrolyzes, and nuclear fuel rods. By application, the market is segmented into residential, commercial, industrial, utility, transportation, agriculture, and marine.
By deployment, the market is segmented into onshore, offshore, floating, distributed, centralized, microgrid, and standalone. By end-user, the market is segmented into households, businesses, governments, utilities, transport operators, and agricultural producers. By installation type, the market is segmented into rooftop, ground-mounted, building-integrated, off-grid, grid-connected, retrofitting, and new construction. By solutions, the market is segmented into energy storage, smart grids, demand response, virtual power plants, and energy management systems.
Solar energy in the clean energy market is expected to hold a major global market share. As a result of solar energy becoming the most affordable new power-generating method due to rapid cost reductions brought about by economies of scale and advancing technology. Moreover, record deployment was sparked by favorable government policies and incentives around the world; in 2021, solar PV added 170 GW of capacity, far exceeding other renewables, and adoption was further accelerated by rising consumer and business demand for low-carbon, decentralized energy, which further support the growth of this market.
Rooftop are growing in the clean energy market because of the growing need for renewable energy and encouraging government programs that reduce upfront costs and increase financial returns, such as tax credits, subsidies, and net metering. Additionally, affordability and ease of installations due to economies of scale and declining equipment prices brought on by technology breakthroughs also support the segmental growth. Moreover, distributed generation appeals to residential and commercial customers because it offers resilience, energy independence, and lower transmission losses. Integration with battery storage boosts reliability, while corporate sustainability pledges and increased environmental consciousness further push rooftop solar adoption worldwide.
The North American clean energy market is expected to register the highest market share in revenue in the near future. It can be attributed to favorable regulatory environments, large public and private investments backed by tax subsidies, and an emphasis on sustainability that propels the growth of clean energy infrastructure, reducing costs and hastening adoption in the clean energy industry. In addition, Asia Pacific is projected to grow rapidly in the global clean energy market because of robust government policies and incentives, technological advancements and rising energy demand brought on by fast urbanization and industrialization, and significant investments in renewable infrastructure and grid modernization that increase the capacity and integration of clean energy sources, and growing environmental consciousness, all of which promote faster market expansion.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 990.8 Billion |
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Revenue Forecast In 2034 |
USD 2,485.0 Billion |
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Growth Rate CAGR |
CAGR of 9.9% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Product, Services, Technology, Component, Application, Deployment, End User, Installation Type, Solutions |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Orsted, Vestas Wind Systems, Siemens Gamesa Renewable Energy, Enel Green Power, First Solar, Nordex SE, Canadian Solar, Jinko Solar Holding Co, Sun Power Corporation, JA Solar Technology Co, Trina Solar Limited, Iberdrola Renovables, Next Era Energy Partners, Brookfield Renewable Partners, Renewable Energy Group, Plug Power, Ballard Power Systems, Neoen, Scatec ASA, Acciona Energia |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Clean Energy Market Snapshot
Chapter 4. Global Clean Energy Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2034
4.8. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.9. Use/impact of AI on Clean Energy Market Industry Trends
4.10. Global Clean Energy Market Penetration & Growth Prospect Mapping (US$ Mn), 2021-2034
Chapter 5. Clean Energy Market Segmentation 1: By Type, Estimates & Trend Analysis
5.1. Market Share by Type, 2024 & 2034
5.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Type:
5.2.1. Solar Energy
5.2.2. Wind Energy
5.2.3. Hydroelectric Energy
5.2.4. Geothermal Energy
5.2.5. Biomass Energy
5.2.6. Ocean Energy
5.2.7. Hydrogen Energy
5.2.8. Nuclear Energy
Chapter 6. Clean Energy Market Segmentation 2: By Product, Estimates & Trend Analysis
6.1. Market Share by Product, 2024 & 2034
6.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Product:
6.2.1. Solar Panels
6.2.2. Wind Turbines
6.2.3. Hydroelectric Generators
6.2.4. Geothermal Heat Pumps
6.2.5. Biomass Boilers
6.2.6. Wave Energy Converters
6.2.7. Hydrogen Fuel Cells
6.2.8. Nuclear Reactors
Chapter 7. Clean Energy Market Segmentation 3: By Services, Estimates & Trend Analysis
7.1. Market Share by Services, 2024 & 2034
7.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Services:
7.2.1. Installation
7.2.2. Maintenance
7.2.3. Consulting
7.2.4. Energy Auditing
7.2.5. System Integration
7.2.6. Project Management
7.2.7. Financing
Chapter 8. Clean Energy Market Segmentation 4: By Technology, Estimates & Trend Analysis
8.1. Market Share by Technology, 2024 & 2034
8.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Technology:
8.2.1. Photovoltaic
8.2.2. Concentrated Solar Power
8.2.3. Horizontal Axis Wind Turbines
8.2.4. Vertical Axis Wind Turbines
8.2.5. Run-of-the-River
8.2.6. Binary Cycle Power Plants
8.2.7. Anaerobic Digestion
8.2.8. Tidal Stream
Chapter 9. Clean Energy Market Segmentation 5: By Component, Estimates & Trend Analysis
9.1. Market Share by Component, 2024 & 2034
9.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Component:
9.2.1. Solar Inverters
9.2.2. Wind Blades
9.2.3. Hydraulic Turbines
9.2.4. Geothermal Drills
9.2.5. Biomass Feedstock
9.2.6. Wave Buoys
9.2.7. Hydrogen Electrolyzers
9.2.8. Nuclear Fuel Rods
Chapter 10. Clean Energy Market Segmentation 6: By Application, Estimates & Trend Analysis
10.1. Market Share by Application, 2024 & 2034
10.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Application:
10.2.1. Residential
10.2.2. Commercial
10.2.3. Industrial
10.2.4. Utility
10.2.5. Transportation
10.2.6. Agriculture
10.2.7. Marine
Chapter 11. Clean Energy Market Segmentation 7: By Deployment, Estimates & Trend Analysis
11.1. Market Share by Deployment, 2024 & 2034
11.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Deployment:
11.2.1. Onshore
11.2.2. Offshore
11.2.3. Floating
11.2.4. Distributed
11.2.5. Centralized
11.2.6. Microgrid
11.2.7. Standalone
Chapter 12. Clean Energy Market Segmentation 8: By End User, Estimates & Trend Analysis
12.1. Market Share by End User, 2024 & 2034
12.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following End User:
12.2.1. Households
12.2.2. Businesses
12.2.3. Governments
12.2.4. Utilities
12.2.5. Transport Operators
12.2.6. Agricultural Producers
Chapter 13. Clean Energy Market Segmentation 9: By Installation Type, Estimates & Trend Analysis
13.1. Market Share by Installation Type, 2024 & 2034
13.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Installation Type:
13.2.1. Rooftop
13.2.2. Ground-Mounted
13.2.3. Building-Integrated
13.2.4. Off-Grid
13.2.5. Grid-Connected
13.2.6. Retrofitting
13.2.7. New Construction
Chapter 14. Clean Energy Market Segmentation 10: By Solutions, Estimates & Trend Analysis
14.1. Market Share by Solutions, 2024 & 2034
14.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Solutions:
14.2.1. Energy Storage
14.2.2. Smart Grids
14.2.3. Demand Response
14.2.4. Virtual Power Plants
14.2.5. Energy Management Systems
Chapter 15. Clean Energy Market Segmentation 11: Regional Estimates & Trend Analysis
15.1. Global Clean Energy Market, Regional Snapshot 2024 & 2034
15.2. North America
15.2.1. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
15.2.1.1. US
15.2.1.2. Canada
15.2.2. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
15.2.3. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
15.2.4. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Services, 2021-2034
15.2.5. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
15.2.6. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
15.2.7. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
15.2.8. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
15.2.9. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
15.2.10. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Installation Type, 2021-2034
15.2.11. North America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Solutions, 2021-2034
15.3. Europe
15.3.1. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
15.3.1.1. Germany
15.3.1.2. U.K.
15.3.1.3. France
15.3.1.4. Italy
15.3.1.5. Spain
15.3.1.6. Rest of Europe
15.3.2. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
15.3.3. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
15.3.4. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Services, 2021-2034
15.3.5. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
15.3.6. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
15.3.7. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
15.3.8. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
15.3.9. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
15.3.10. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Installation Type, 2021-2034
15.3.11. Europe Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Solutions, 2021-2034
15.4. Asia Pacific
15.4.1. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
15.4.1.1. India
15.4.1.2. China
15.4.1.3. Japan
15.4.1.4. Australia
15.4.1.5. South Korea
15.4.1.6. Hong Kong
15.4.1.7. Southeast Asia
15.4.1.8. Rest of Asia Pacific
15.4.2. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
15.4.3. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
15.4.4. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Services, 2021-2034
15.4.5. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
15.4.6. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
15.4.7. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
15.4.8. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
15.4.9. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
15.4.10. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Installation Type, 2021-2034
15.4.11. Asia Pacific Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Solutions, 2021-2034
15.5. Latin America
15.5.1. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
15.5.1.1. Brazil
15.5.1.2. Mexico
15.5.1.3. Rest of Latin America
15.5.2. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
15.5.3. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
15.5.4. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Services, 2021-2034
15.5.5. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
15.5.6. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
15.5.7. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
15.5.8. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
15.5.9. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
15.5.10. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Installation Type, 2021-2034
15.5.11. Latin America Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Solutions, 2021-2034
15.6. Middle East & Africa
15.6.1. Middle East & Africa Wind Turbine Rotor Blade Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
15.6.1.1. GCC Countries
15.6.1.2. Israel
15.6.1.3. South Africa
15.6.1.4. Rest of Middle East and Africa
15.6.2. Middle East & Africa Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
15.6.3. Middle East & Africa Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Product, 2021-2034
15.6.4. Middle East & Africa Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Services, 2021-2034
15.6.5. Middle East & Africa Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
15.6.6. Middle East & Africa Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
15.6.7. Middle East & Africa Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
15.6.8. Middle East & Africa Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
15.6.9. Middle East & Africa Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
15.6.10. Middle East & Africa Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Installation Type, 2021-2034
15.6.11. Middle East & Africa Clean Energy Market Revenue (US$ Million) Estimates and Forecasts by Solutions, 2021-2034
Chapter 16. Competitive Landscape
16.1. Major Mergers and Acquisitions/Strategic Alliances
16.2. Company Profiles
16.2.1. Orsted
16.2.1.1. Business Overview
16.2.1.2. Key Service/Service Overview
16.2.1.3. Financial Performance
16.2.1.4. Geographical Presence
16.2.1.5. Recent Developments with Business Strategy
16.2.2. Vestas Wind Systems
16.2.3. Siemens Gamesa Renewable Energy
16.2.4. Enel Green Power
16.2.5. First Solar
16.2.6. Nordex SE
16.2.7. Canadian Solar
16.2.8. Jinko Solar Holding Co
16.2.9. Sun Power Corporation
16.2.10. JA Solar Technology Co
16.2.11. Trina Solar Limited
16.2.12. Iberdrola Renovables
16.2.13. Next Era Energy Partners
16.2.14. Brookfield Renewable Partners
16.2.15. Renewable Energy Group
16.2.16. Plug Power
16.2.17. Ballard Power Systems
16.2.18. Neoen
16.2.19. Scatec ASA
16.2.20. Acciona Energia
Segmentation of the Clean Energy Market-
Clean Energy Market By Type-
Clean Energy Market By Product-
Clean Energy Market By Services-
Clean Energy Market By Technology-
Clean Energy Market By Component-
Clean Energy Market By Application-
Clean Energy Market By Deployment-
Clean Energy Market By End-User-
Clean Energy Market By Installation Type-
Clean Energy Market By Solution-
Clean Energy Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
