Energy Transition Market, By Energy Source, By Technology (Energy Storage Systems, Electric Vehicles, Smart Grids, and Carbon Capture and Storage ), By Application, By Geography

Description

The global energy transition market is estimated to be valued at US$ 2.83 Tn in 2024 and is expected to reach US$ 5.42 Tn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 2.83 Tn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	9.70%	2031 Value Projection:	US$ 5.42 Tn

Figure. Energy Transition Market Share (%), By Region, 2024

The global energy transition market is witnessing rapid growth driven by the focus on renewable energy sources and reduced dependence on fossil fuels. Factors such as stringent government regulations toward carbon emissions, growing emphasis on clean energy technologies, and rising investments in solar and wind energy projects are fueling the demand for energy transition solutions. Additionally, the inclusion of climate change policies in the development plans of various countries and setting of targets to achieve carbon neutrality by 2050 are further propelling the energy transition market. The market is anticipated to grow at a significant rate in the coming years on account of these favorable trends.

Market Dynamics:

The key drivers influencing the global energy transition market include growing commitment of nations to meet climate change goals through renewable energy adoption, favorable government policies supporting clean energy installations, and technological advancements enabling greater efficiency and productivity of renewable sources. However, high initial investment requirements for setting up renewable infrastructure and intermittent nature of wind and solar power pose challenges. Meanwhile, significant opportunities lie in continuous decline in the prices of solar panels and batteries, emergence of vehicle-to-grid technology, growing demand for lithium-ion batteries in electric vehicles, and integration of artificial intelligence in energy management systems.

Key Features of the Study:

This report provides in-depth analysis of the global energy transition market, and provides market size (US$ Tn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global energy transition market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Siemens AG, General Electric Company, Vestas Wind Systems A/S, First Solar, Inc., SunPower Corporation, Tesla, Inc., Enphase Energy, Inc., Orsted A/S, ABB Ltd., Schneider Electric SE, NextEra Energy, Inc., Canadian Solar Inc., Brookfield Renewable Partners L.P., Duke Energy Corporation, and BP plc

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global energy transition market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global energy transition market

Detailed Segmentation-

Energy Source Insights (Revenue, US$ Tn, 2019 - 2031)
- Renewable Energy
- Non-Renewable Energy
Technology Insights (Revenue, US$ Tn, 2019 - 2031)
- Energy Storage Systems (Batteries, Pumped Hydro)
- Electric Vehicles (EVs)
- Smart Grids
- Carbon Capture and Storage (CCS)
Application Insights (Revenue, US$ Tn, 2019 - 2031)
- Power Generation
- Transportation
- Industrial
- Residential
- Commercial
Regional Insights (Revenue, US$ Tn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Siemens AG
- General Electric Company
- Vestas Wind Systems A/S
- First Solar, Inc.
- SunPower Corporation
- Tesla, Inc.
- Enphase Energy, Inc.
- Orsted A/S
- ABB Ltd.
- Schneider Electric SE
- NextEra Energy, Inc.
- Canadian Solar Inc.
- Brookfield Renewable Partners L.P.
- Duke Energy Corporation
- BP plc

Product Code: CMI7433

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Energy Source
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Energy Transition Market, By Energy Source, 2019-2031, (US$ Tn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Renewable Energy
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)
Non-Renewable Energy
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)

5. Global Energy Transition Market, By Technology, 2019-2031, (US$ Tn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Energy Storage Systems (Batteries, Pumped Hydro)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)
Electric Vehicles (EVs)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)
Smart Grids
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)
Carbon Capture and Storage (CCS)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)

6. Global Energy Transition Market, By Application, 2019-2031, (US$ Tn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Power Generation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)
Transportation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)
Industrial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)
Residential
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)
Commercial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Tn)

7. Global Energy Transition Market, By Region, 2019-2031, (US$ Tn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Energy Source, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Tn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Energy Source, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Tn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
- Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Energy Source, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Tn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Energy Source, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Tn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East
- Regional Trends
- Market Size and Forecast, By Energy Source, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Tn)
  - Israel
  - GCC Countries
  - Rest of the Middle East
Africa
- Regional Trends
- Market Size and Forecast, By Energy Source, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Tn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Tn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Company Profiles
- Siemens AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Electric Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Vestas Wind Systems A/S
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- First Solar, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SunPower Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Tesla, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Enphase Energy, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Orsted A/S
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ABB Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Schneider Electric SE
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- NextEra Energy, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Canadian Solar Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Brookfield Renewable Partners L.P.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Duke Energy Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- BP plc
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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