Clean Energy Market
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
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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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
List of Tables
1 Global Clean Energy Market Outlook, By Region (2022-2030) ($MN)
2 Global Clean Energy Market Outlook, By Type (2022-2030) ($MN)
3 Global Clean Energy Market Outlook, By Solar Energy (2022-2030) ($MN)
4 Global Clean Energy Market Outlook, By Wind Energy (2022-2030) ($MN)
5 Global Clean Energy Market Outlook, By Hydropower (2022-2030) ($MN)
6 Global Clean Energy Market Outlook, By Bioenergy (2022-2030) ($MN)
7 Global Clean Energy Market Outlook, By Geothermal Energy (2022-2030) ($MN)
8 Global Clean Energy Market Outlook, By Other Types (2022-2030) ($MN)
9 Global Clean Energy Market Outlook, By Technology (2022-2030) ($MN)
10 Global Clean Energy Market Outlook, By Renewable Power Generation Technologies (2022-2030) ($MN)
11 Global Clean Energy Market Outlook, By Biomass (2022-2030) ($MN)
12 Global Clean Energy Market Outlook, By Biofuels (2022-2030) ($MN)
13 Global Clean Energy Market Outlook, By Concentrated Solar Power (2022-2030) ($MN)
14 Global Clean Energy Market Outlook, By Solar Photovoltaic (2022-2030) ($MN)
15 Global Clean Energy Market Outlook, By Energy Storage Technologies (2022-2030) ($MN)
16 Global Clean Energy Market Outlook, By Batteries (2022-2030) ($MN)
17 Global Clean Energy Market Outlook, By Pumped Hydro Storage (2022-2030) ($MN)
18 Global Clean Energy Market Outlook, By Flywheel Energy Storage (2022-2030) ($MN)
19 Global Clean Energy Market Outlook, By Thermal Energy Storage (2022-2030) ($MN)
20 Global Clean Energy Market Outlook, By Compressed Air Energy Storage (2022-2030) ($MN)
21 Global Clean Energy Market Outlook, By Energy Efficiency Technologies (2022-2030) ($MN)
22 Global Clean Energy Market Outlook, By Smart Grids (2022-2030) ($MN)
23 Global Clean Energy Market Outlook, By LED Lighting (2022-2030) ($MN)
24 Global Clean Energy Market Outlook, By Advanced HVAC Systems (2022-2030) ($MN)
25 Global Clean Energy Market Outlook, By Hydrogen Technologies (2022-2030) ($MN)
26 Global Clean Energy Market Outlook, By Hydrogen Production (2022-2030) ($MN)
27 Global Clean Energy Market Outlook, By Hydrogen Fuel Cells (2022-2030) ($MN)
28 Global Clean Energy Market Outlook, By Other Technologies (2022-2030) ($MN)
29 Global Clean Energy Market Outlook, By Application (2022-2030) ($MN)
30 Global Clean Energy Market Outlook, By Electricity Generation (2022-2030) ($MN)
31 Global Clean Energy Market Outlook, By Transportation (2022-2030) ($MN)
32 Global Clean Energy Market Outlook, By Heating and Cooling (2022-2030) ($MN)
33 Global Clean Energy Market Outlook, By Industrial Processes (2022-2030) ($MN)
34 Global Clean Energy Market Outlook, By Grid Management & Stabilization (2022-2030) ($MN)
35 Global Clean Energy Market Outlook, By Other Applications (2022-2030) ($MN)
36 Global Clean Energy Market Outlook, By End User (2022-2030) ($MN)
37 Global Clean Energy Market Outlook, By Residential (2022-2030) ($MN)
38 Global Clean Energy Market Outlook, By Commercial (2022-2030) ($MN)
39 Global Clean Energy Market Outlook, By Industrial (2022-2030) ($MN)
40 Global Clean Energy Market Outlook, By Agriculture (2022-2030) ($MN)
41 Global Clean Energy Market Outlook, By Healthcare (2022-2030) ($MN)
42 Global Clean Energy Market Outlook, By Government & Public Sector (2022-2030) ($MN)
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.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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