Add 2 More Reports For 20% off

Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Green Power Market Outlook

The global green power market attained a value of nearly USD 65.13 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 12.8% to reach a value of around USD 191.11 billion by 2032.

Global Green Power Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Environmental Awareness Owing to Rapid Climate Change to Cater to the Growth of the Green Power Industry

The global green power industry is expected to witness robust growth owing to rising awareness regarding the adverse impact of greenhouse gases (GHGs). Moreover, the extensive emission of carbon dioxide, nitrous oxide, and methane, among others, due to the use of outdated forms of energy extraction through fossil fuels is propelling the market growth. Also, the depletion of fossil fuels owing to their extensive usage is increasing the demand for green power, which is augmenting the industry growth. The growing demand for renewable energy sources,  the rapid electrification of the transportation and industrial sectors, and the expansion of the electrical value chain in the oil and gas industry are driving the growth of green power energy. These developments may encourage collaboration, resulting in new business models and a faster energy transition, thus boosting the green power industry.

Various innovations, as well as advantages associated with renewable energy, are resulting in faster energy transition, thus boosting the green power industry. Many industry stakeholders are contemplating hydrogen production and storage projects, in addition to wind and solar, as a strategy to reduce carbon emissions as decarbonisation progresses. This is increasing the development of green hydrogen due to the expansion of power grids and other renewable energy sources. Its potential to operate as a seasonal storage of fuel, which can be accessed on-demand to generate power for grid balancing, is providing impetus to the market growth.

Green Power: Market Segmentation

Green power is a subset of renewable energy that includes renewable energy resources and technologies that have the greatest environmental value. Green power is referred to as electricity generated from solar, wind, geothermal, biogas, suitable biomass, and low-impact small hydropower sources. Green power is popular among customers because of its low carbon footprint and zero emissions profile.

Global Green Power Market by Segment

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The major power sources of green power are:

  • Wind   
  • Solar  
  • Low Impact Hydro  
  • Biomass 
  • Others

The market can be broadly categorised on the basis of its end uses into:

  • Buildings 
  • Industrial 
  • Non-combusted 
  • Transport 
  • Others

The EMR report looks into the regional markets of green power like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Green Power Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Technological Advancement to Boost the Green Power Industry

More power-to-x ventures may emerge at the junction of the power sector and adjacent industries as the timescale to commercialise green hydrogen and novel storage technologies advances. As a result of the increased participation of different cross-sectoral firms, energy industry convergence may be accelerated and deal activity across the electrical value chain may expand. This is expected to augment the market growth. Due to the increasing efficiency of hybrid projects, battery storage business models are proliferating at the front of the metre, as well as behind the metre, according to FERC's recent rule allowing distributed energy resources to engage in wholesale markets. Energy storage is swiftly becoming one of the most popular asset types in the market, which is bolstering the market growth. Storage use cases are becoming more cost-effective due to technological advancements, which are enabling multi-functional storage ranging from supplementary grid services to on-demand electricity, which is anticipated to boost the market growth.

Key Industry Players in the Global Green Power Market

The report presents a detailed analysis of the following key players in the global green power market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Adani Green Energy Limited 
  • General Electric 
  • JinkoSolar Holding Co. Ltd. 
  • NextEra Energy, Inc. 
  • Siemens AG 
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Power Source
  • End Use
  • Region
Breakup by Power Source
  • Wind
  • Solar 
  • Low Impact Hydro 
  • Biomass
  • Others
Breakup by End Use
  • Buildings
  • Industrial
  • Non-combusted
  • Transport
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Adani Green Energy Limited
  • General Electric
  • JinkoSolar Holding Co. Ltd.
  • NextEra Energy, Inc.
  • Siemens AG
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

In 2023, the global green power market attained a value of nearly USD 65.13 billion.

The market is projected to grow at a CAGR of 12.8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 191.11 billion by 2032.

The market is being driven by the rising environmental awareness due to surging greenhouse emissions through conventional forms of energy and the rising demand for green power in the industrial sector.

The key trends of the market include favourable initiatives by various governments to control pollution generated by emission of fuels, incentives provided by these governments to increase the use of green power as an energy source, and technological advancements.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various power sources of green power in the market are wind, solar, low impact hydro, and biomass, among others.

The significant end uses of green power in the market are buildings, industrial, non-combusted, and transport, among others.

The key players in the global green power market are Adani Green Energy Limited, General Electric, JinkoSolar Holding Co. Ltd., NextEra Energy, Inc., and Siemens AG, among others.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124