Inside the Renewable Energy Market: Capacity, Demand, Key Drivers and CAGR value of 8.94% | Says Mordor Intelligence

According to a 2025 report on the Renewable Energy Market by Mordor Intelligence, the global market size is projected to increase from 5.08 thousand gigawatts in 2025 to 7.04 thousand gigawatts by 2030, registering a CAGR of 8.94% over the forecast period (2025–2030).

Market Overview

According to recent market studies, the renewable energy sector is witnessing sustained investment inflows, technological improvements, and expanding project pipelines globally. The market is driven by a mix of policy incentives, environmental regulations, cost reductions in equipment, and the increasing viability of utility-scale and decentralized power generation.

Key Trends Shaping the Renewable Energy Market

Declining Technology Costs: Solar PV module and wind turbine prices have significantly dropped, improving cost competitiveness with fossil fuels.

Grid Modernization and Storage: As renewable penetration rises, investments in smart grids and battery storage are enabling greater system stability and flexibility.

Corporate Power Purchase Agreements (PPAs): Large businesses are signing long-term PPAs to meet ESG goals, driving new project developments.

Policy Support and Energy Auctions: Many countries have introduced feed-in tariffs, renewable portfolio standards, and competitive bidding mechanisms to scale up deployment.

Hybrid and Distributed Energy Models: Combining renewables with storage, microgrids, and distributed systems is expanding access in remote and off-grid areas.

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/global-renewable-energy-market-industry?utm_source=blogger

Market Segmentation

Energy Source:

Solar Energy (utility-scale and rooftop)

Wind Energy (onshore and offshore)

Hydropower (large and small)

Biomass

Geothermal

End-Use Sector:

Residential

Commercial & Industrial

Utility-scale power generation

Key Players:

The global renewable energy market includes a wide range of players—from vertically integrated utility companies to specialized renewable developers and equipment manufacturers. These companies are driving technological innovation, expanding global footprints, and forming public-private partnerships.

1. NextEra Energy, Inc. (United States)

A leading clean energy company in North America, NextEra operates one of the largest renewable portfolios in wind and solar energy. The company is heavily investing in battery storage and grid resilience.

2. Iberdrola S.A. (Spain)

Iberdrola is one of Europe’s largest producers of wind energy and has a diversified presence across Europe, North America, and Latin America. The company is aggressively expanding into offshore wind and green hydrogen projects.

3. Ørsted A/S (Denmark)

Initially a fossil fuel company, Ørsted has become a global leader in offshore wind and is expanding in markets like the UK, Taiwan, and the United States.

4. Enel Green Power (Italy)

A subsidiary of the Enel Group, Enel Green Power operates a global portfolio of renewable projects in more than 30 countries. It is actively involved in solar, wind, hydroelectric, and geothermal development.

5. JinkoSolar Holding Co., Ltd. (China)

As one of the world’s largest solar module manufacturers, JinkoSolar is a key equipment supplier in the solar energy market and has distribution across Asia, Europe, and the Americas.

6. Vestas Wind Systems A/S (Denmark)

Vestas is a major global wind turbine manufacturer and service provider, with installations in over 80 countries. It offers both onshore and offshore wind solutions.

Explore more insights on renewable energy market: https://www.mordorintelligence.com/industry-reports/global-renewable-energy-market-industry?utm_source=blogger

Outlook

The renewable energy market is positioned for sustained growth as global economies aim to decarbonize their energy systems. Policy frameworks, corporate sustainability agendas, and public awareness are all aligning to create a long-term shift towards clean energy. While challenges related to grid integration, storage, and financing persist in some markets, the momentum behind renewables remains strong.

As the world continues to move toward more resilient and sustainable energy models, renewable energy will remain at the forefront of the global energy agenda.

For a complete market analysis, visit the Mordor Intelligence page: https://www.mordorintelligence.com/industry-reports/global-renewable-energy-market-industry?utm_source=blogger

About Mordor Intelligence:

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

For any inquiries or to access the full report, please contact:

media@mordorintelligence.com
https://www.mordorintelligence.com/

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