In 2024, the Indian Ministry of New and Renewable Energy reported that India had received over USD 3.8 billion in foreign direct investments (FDI) in the solar energy sector from the financial year 2019 up to 2023.
According to MarkNtel Advisors study, The Global Renewable Energy Market size was valued at around USD 1080 billion in 2024 and is projected to reach USD 1918 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12.17% during the forecast period, i.e., 2025-30.
In the past, sudden incidents such as the COVID-19 pandemic, the Russia-Ukraine War, the Israel-Hamas War, etc., have caused major disruptions in the routine activities of the global economy. The manufacturing of components for these power plants follows a well-defined flow of global supply chain activities, from the sourcing of raw materials from various locations around the globe, transforming them, and finally supplying them to the place of establishment. Any hindrance in this process hampers the production of goods, leading to delays in order completion and installation and, in the end, disturbing revenue generation and capacity addition. Since the historical period, such global events have been majorly creating issues for the smooth functioning of the market and restraining market growth & development.
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Key Findings in Renewable Energy Market:
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Historical Years |
2019-2022 |
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Base Years |
2023 |
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Forecast Years |
2025-2030 |
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Key Report Highlights |
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Reports Delivery Format
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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Renewable Energy Market Key Players:
Iberdrola, Siemens Gamesa, Ørsted A/S, NextEra Energy, Inc., EDf Renewable, General Electric, Vestas, Acciona, S.A., Canadian Solar, Enel Green Power SpA, Lightsource BP, Adani Green Energy Ltd., Tata Power Renewables, Enterprize Energy, JSW Energy, and others
Market Segmentation Overview:
By Source
-Solar
-Wind
-Hydro
-Others (Biomass, geothermal, etc.)
By End User
-Residential
-Commercial
-Industrial
The residential sector has observed tremendous growth in the Renewable Energy Market in the past few years. Even though the market share is comparatively small, the growth in the sector due to the soaring adoption of small renewable power plants, predominantly solar power plants, has been the key factor supporting the development of the industry. The subsidies in terms of reduced installation costs or reduced monthly electricity bills, among others, offered by the national governments have led to the blooming of the residential sectors. Such projects, such as rooftop solar power plants, help governments meet their renewable energy targets in an early and effective manner. Governments, along with the private energy players of countries such as Bangladesh, Vietnam, India, Malaysia, Mexico, and numerous others, have been pushing the installation of small rooftop solar power plants.
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Renewable Energy Industry Recent Development:
2025: Spanish renewable energy giant Siemens Gamesa attained a contract for the production, delivery, and servicing of wind turbines with a capacity of 14.4 MW for a 1.44 GW offshore wind farm in Poland. The company had received this contract from Equinor and Polenergia. This project aims to supply electricity to nearly 2 million Polish homes.
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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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