Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1530805

Cover Image

PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1530805

Clean Energy Market Forecasts to 2030 - Global Analysis By Type (Solar Energy, Wind Energy, Hydropower, Bioenergy, Geothermal Energy and Other Types), Technology, Application, End User and By Geography

PUBLISHED:
PAGES: 200+ Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
PDF (Single User License)
USD 4150
PDF (2-5 User License)
USD 5250
PDF & Excel (Site License)
USD 6350
PDF & Excel (Global Site License)
USD 7500

Add to Cart

According to Stratistics MRC, the Global Clean Energy Market is growing at a CAGR of 12.7% during the forecast period. Clean energy is the energy derived from sources that produce little to no pollution or greenhouse gases, contributing to environmental sustainability and reduced climate impact. It encompasses renewable energy sources such as solar, wind, hydro, and geothermal power, which generate electricity with minimal environmental footprint. Clean energy also includes technologies that improve energy efficiency and reduce emissions, such as advanced energy storage, electric vehicles, and smart grid systems. Unlike fossil fuels, clean energy sources are sustainable and have a lower impact on natural resources and ecosystems. The transition to clean energy aims to mitigate climate change, reduce air and water pollution, and promote a healthier, more resilient energy infrastructure.

Market Dynamics:

Driver:

Supportive regulations, subsidies, and tax incentives

Regulations that mandate renewable energy targets and emissions reductions drive demand for clean technologies. Subsidies and financial incentives, such as grants and rebates, reduce the upfront costs for both consumers and businesses, making clean energy projects more financially viable. Tax incentives, like credits and deductions, further reduce the financial burden, making investments in renewable energy more attractive. These supportive measures accelerate the adoption of clean technologies, stimulate innovation, and enhance market competitiveness.

Restraint:

High upfront investment

The substantial initial capital required for technologies such as solar panels, Clean Energys, and energy storage systems can deter investment, particularly for smaller entities or those in developing regions. This financial hurdle can slow the adoption of clean energy technologies, limiting market growth and delaying the transition to sustainable energy sources. Additionally, high initial costs may result in longer payback periods, reducing the attractiveness of clean energy projects compared to conventional energy options.

Opportunity:

Increasing awareness of climate change and environmental impacts

As public and governmental understanding of climate issues grows, there is heightened demand for sustainable energy solutions that reduce carbon emissions and mitigate environmental damage. This awareness fuels consumer preferences for green energy options, prompting businesses and governments to invest more in renewable technologies. Enhanced awareness also leads to stronger regulatory frameworks and policies that support clean energy adoption, such as stricter emissions standards and renewable energy mandates encouraging the markets growth.

Threat:

Inadequate infrastructure & intermittency issues

Insufficient infrastructure, such as outdated grid systems and limited energy storage facilities, hampers the efficient integration and distribution of renewable energy. This can lead to inefficiencies, higher costs, and reduced reliability of clean energy systems. Intermittency issues, where renewable sources like solar and wind produce energy inconsistently, further complicate grid management and reliability. These challenges necessitate substantial investments in modernizing infrastructure and developing advanced energy storage solutions to ensure a stable and continuous energy supply.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the clean energy market through supply chain interruptions and reduced investments. However, it also accelerated the shift towards green recovery, with governments increasing focus on sustainable and resilient energy systems in their economic recovery plans. The pandemic highlighted the importance of energy security and sustainability, leading to greater investment in renewable technologies and energy efficiency.

The solar energy segment is expected to be the largest during the forecast period

The solar energy is expected to be the largest during the forecast period owing to advances in photovoltaic technology and declining installation costs have made solar power more accessible and competitive with traditional energy sources. The widespread adoption of solar energy reduces reliance on fossil fuels, significantly cutting greenhouse gas emissions and contributing to climate change mitigation. Solar power's flexibility allows it to be deployed at various scales, from residential rooftops to large utility-scale farms, further driving market growth.

The energy storage technologies segment is expected to have the highest CAGR during the forecast period

The energy storage technologies segment is expected to have the highest CAGR during the forecast period. These technologies, including batteries, pumped hydro storage, and thermal storage, address the intermittency of renewable sources like solar and wind, enabling a steady supply of clean energy even when generation is low. Improved energy storage solutions reduce the need for fossil fuel backup, thereby lowering emissions and supporting a more stable grid. Advances in storage technology also drive down costs, making renewable energy more competitive with traditional sources.

Region with largest share:

North America is projected to hold the largest market share during the forecast period driven by strong governmental policies, technological advancements, and increasing environmental awareness. The United States and Canada are key players, investing heavily in renewable energy sources such as solar, wind, and hydro power. Further innovations in energy storage and smart grid technologies further enhance market growth. Additionally, corporate sustainability goals and consumer demand for green energy contribute to the shift.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period owing to countries like China and India are major contributors, investing heavily in renewable energy sources such as solar, wind, and hydro power. The region's commitment to reducing greenhouse gas emissions and transitioning from fossil fuels to cleaner alternatives is supported by ambitious targets and incentives. Technological advancements and declining costs of renewable technologies further boost market expansion.

Key players in the market

Some of the key players in Clean Energy market include First Solar, Inc., SunPower Corporation, Canadian Solar Inc., Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy, GE Renewable Energy, Andritz Hydro, Voith Hydro, Ormat Technologies, Inc., Enel Green Power, Calpine Corporation, Novozymes, POET LLC, Renewable Energy Group, Inc., Tesla, Inc., LG Energy Solution, BYD Company Limited, Plug Power Inc., Ballard Power Systems and Schneider Electric

Key Developments:

In July 2024, First Solar announced ownership of TOPCon technology patents, undertakes infringement investigation. First Solar evaluating options including asserting patent rights against potential infringers

In April 2024, GE Aerospace launched as independent, investment-grade public company following completion of GE Vernova spin-off. Launch of GE Aerospace marks successful completion of GE's multi-year transformation

In November 2023, Maxeon solar technologies and SunPower Corporation announced supply agreement amendment and resolution of disputes. Additionally, all outstanding disputes regarding the master supply agreements between the two companies have been resolved.

Types Covered:

  • Solar Energy
  • Wind Energy
  • Hydropower
  • Bioenergy
  • Geothermal Energy
  • Other Types

Technologies Covered:

  • Renewable Power Generation Technologies
  • Energy Storage Technologies
  • Energy Efficiency Technologies
  • Hydrogen Technologies
  • Other Technologies

Applications Covered:

  • Electricity Generation
  • Transportation
  • Heating and Cooling
  • Industrial Processes
  • Grid Management & Stabilization
  • Other Applications

End Users Covered:

  • Residential
  • Commercial
  • Industrial
  • Agriculture
  • Healthcare
  • Government & Public Sector
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC26917

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Technology Analysis
  • 3.7 Application Analysis
  • 3.8 End User Analysis
  • 3.9 Emerging Markets
  • 3.10 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Clean Energy Market, By Type

  • 5.1 Introduction
  • 5.2 Solar Energy
  • 5.3 Wind Energy
  • 5.4 Hydropower
  • 5.5 Bioenergy
  • 5.6 Geothermal Energy
  • 5.7 Other Types

6 Global Clean Energy Market, By Technology

  • 6.1 Introduction
  • 6.2 Renewable Power Generation Technologies
    • 6.2.1 Biomass
    • 6.2.2 Biofuels
    • 6.2.3 Concentrated Solar Power
    • 6.2.4 Solar Photovoltaic
  • 6.3 Energy Storage Technologies
    • 6.3.1 Batteries
    • 6.3.2 Pumped Hydro Storage
    • 6.3.3 Flywheel Energy Storage
    • 6.3.4 Thermal Energy Storage
    • 6.3.5 Compressed Air Energy Storage
  • 6.4 Energy Efficiency Technologies
    • 6.4.1 Smart Grids
    • 6.4.2 LED Lighting
    • 6.4.3 Advanced HVAC Systems
  • 6.5 Hydrogen Technologies
    • 6.5.1 Hydrogen Production
    • 6.5.2 Hydrogen Fuel Cells
  • 6.6 Other Technologies

7 Global Clean Energy Market, By Application

  • 7.1 Introduction
  • 7.2 Electricity Generation
  • 7.3 Transportation
  • 7.4 Heating and Cooling
  • 7.5 Industrial Processes
  • 7.6 Grid Management & Stabilization
  • 7.7 Other Applications

8 Global Clean Energy Market, By End User

  • 8.1 Introduction
  • 8.2 Residential
  • 8.3 Commercial
  • 8.4 Industrial
  • 8.5 Agriculture
  • 8.6 Healthcare
  • 8.7 Government & Public Sector
  • 8.8 Other End Users

9 Global Clean Energy Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 First Solar, Inc.
  • 11.2 SunPower Corporation
  • 11.3 Canadian Solar Inc.
  • 11.4 Vestas Wind Systems A/S
  • 11.5 Siemens Gamesa Renewable Energy
  • 11.6 GE Renewable Energy
  • 11.7 Andritz Hydro
  • 11.8 Voith Hydro
  • 11.9 Ormat Technologies, Inc.
  • 11.10 Enel Green Power
  • 11.11 Calpine Corporation
  • 11.12 Novozymes
  • 11.13 POET LLC
  • 11.14 Renewable Energy Group, Inc.
  • 11.15 Tesla, Inc.
  • 11.16 LG Energy Solution
  • 11.17 BYD Company Limited
  • 11.18 Plug Power Inc.
  • 11.19 Ballard Power Systems
  • 11.20 Schneider Electric
Product Code: SMRC26917

List of Tables

  • Table 1 Global Clean Energy Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Clean Energy Market Outlook, By Type (2022-2030) ($MN)
  • Table 3 Global Clean Energy Market Outlook, By Solar Energy (2022-2030) ($MN)
  • Table 4 Global Clean Energy Market Outlook, By Wind Energy (2022-2030) ($MN)
  • Table 5 Global Clean Energy Market Outlook, By Hydropower (2022-2030) ($MN)
  • Table 6 Global Clean Energy Market Outlook, By Bioenergy (2022-2030) ($MN)
  • Table 7 Global Clean Energy Market Outlook, By Geothermal Energy (2022-2030) ($MN)
  • Table 8 Global Clean Energy Market Outlook, By Other Types (2022-2030) ($MN)
  • Table 9 Global Clean Energy Market Outlook, By Technology (2022-2030) ($MN)
  • Table 10 Global Clean Energy Market Outlook, By Renewable Power Generation Technologies (2022-2030) ($MN)
  • Table 11 Global Clean Energy Market Outlook, By Biomass (2022-2030) ($MN)
  • Table 12 Global Clean Energy Market Outlook, By Biofuels (2022-2030) ($MN)
  • Table 13 Global Clean Energy Market Outlook, By Concentrated Solar Power (2022-2030) ($MN)
  • Table 14 Global Clean Energy Market Outlook, By Solar Photovoltaic (2022-2030) ($MN)
  • Table 15 Global Clean Energy Market Outlook, By Energy Storage Technologies (2022-2030) ($MN)
  • Table 16 Global Clean Energy Market Outlook, By Batteries (2022-2030) ($MN)
  • Table 17 Global Clean Energy Market Outlook, By Pumped Hydro Storage (2022-2030) ($MN)
  • Table 18 Global Clean Energy Market Outlook, By Flywheel Energy Storage (2022-2030) ($MN)
  • Table 19 Global Clean Energy Market Outlook, By Thermal Energy Storage (2022-2030) ($MN)
  • Table 20 Global Clean Energy Market Outlook, By Compressed Air Energy Storage (2022-2030) ($MN)
  • Table 21 Global Clean Energy Market Outlook, By Energy Efficiency Technologies (2022-2030) ($MN)
  • Table 22 Global Clean Energy Market Outlook, By Smart Grids (2022-2030) ($MN)
  • Table 23 Global Clean Energy Market Outlook, By LED Lighting (2022-2030) ($MN)
  • Table 24 Global Clean Energy Market Outlook, By Advanced HVAC Systems (2022-2030) ($MN)
  • Table 25 Global Clean Energy Market Outlook, By Hydrogen Technologies (2022-2030) ($MN)
  • Table 26 Global Clean Energy Market Outlook, By Hydrogen Production (2022-2030) ($MN)
  • Table 27 Global Clean Energy Market Outlook, By Hydrogen Fuel Cells (2022-2030) ($MN)
  • Table 28 Global Clean Energy Market Outlook, By Other Technologies (2022-2030) ($MN)
  • Table 29 Global Clean Energy Market Outlook, By Application (2022-2030) ($MN)
  • Table 30 Global Clean Energy Market Outlook, By Electricity Generation (2022-2030) ($MN)
  • Table 31 Global Clean Energy Market Outlook, By Transportation (2022-2030) ($MN)
  • Table 32 Global Clean Energy Market Outlook, By Heating and Cooling (2022-2030) ($MN)
  • Table 33 Global Clean Energy Market Outlook, By Industrial Processes (2022-2030) ($MN)
  • Table 34 Global Clean Energy Market Outlook, By Grid Management & Stabilization (2022-2030) ($MN)
  • Table 35 Global Clean Energy Market Outlook, By Other Applications (2022-2030) ($MN)
  • Table 36 Global Clean Energy Market Outlook, By End User (2022-2030) ($MN)
  • Table 37 Global Clean Energy Market Outlook, By Residential (2022-2030) ($MN)
  • Table 38 Global Clean Energy Market Outlook, By Commercial (2022-2030) ($MN)
  • Table 39 Global Clean Energy Market Outlook, By Industrial (2022-2030) ($MN)
  • Table 40 Global Clean Energy Market Outlook, By Agriculture (2022-2030) ($MN)
  • Table 41 Global Clean Energy Market Outlook, By Healthcare (2022-2030) ($MN)
  • Table 42 Global Clean Energy Market Outlook, By Government & Public Sector (2022-2030) ($MN)
  • Table 43 Global Clean Energy Market Outlook, By Other End Users (2022-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!