The global renewable energy market is expected to continue its upward growth over the next years. According to the Group Next Move Strategy Consulting, the market will reach over two trillion U.S. dollars by 2030. Environmental concerns regarding fossil fuels, rapid urbanization, and economic growth in emerging regions are all major factors that are contributing to the projected market growth.
Renewable energy market size worldwide in 2021, with a forecast for 2022 to 2030
(in billion U.S. dollars)
Characteristic
Market size in billion U.S. dollars
2030*
2,025.94
2029*
1,889.87
2028*
1,753.31
2027*
1,617.07
2026*
1,482
2025*
1,349
2024*
1,219
2023*
1,092.91
2022*
971.65
2021
856.08
Created with Highcharts 7.2.2Market size in billion U.S. dollars856.08856.08971.65971.651,092.911,092.911,2191,2191,3491,3491,4821,4821,617.071,617.071,753.311,753.311,889.871,889.872,025.942,025.9420212022*2023*2024*2025*2026*2027*2028*2029*2030*
05001,0001,5002,0002,500
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Next Move Strategy Consulting. (December 30, 2022). Renewable energy market size worldwide in 2021, with a forecast for 2022 to 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 23, 2025, from https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/
Next Move Strategy Consulting. "Renewable energy market size worldwide in 2021, with a forecast for 2022 to 2030 (in billion U.S. dollars)." Chart. December 30, 2022. Statista. Accessed January 23, 2025. https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/
Next Move Strategy Consulting. (2022). Renewable energy market size worldwide in 2021, with a forecast for 2022 to 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 23, 2025. https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/
Next Move Strategy Consulting. "Renewable Energy Market Size Worldwide in 2021, with a Forecast for 2022 to 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Dec 2022, https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/
Next Move Strategy Consulting, Renewable energy market size worldwide in 2021, with a forecast for 2022 to 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/ (last visited January 23, 2025)
Renewable energy market size worldwide in 2021, with a forecast for 2022 to 2030 (in billion U.S. dollars) [Graph], Next Move Strategy Consulting, December 30, 2022. [Online]. Available: https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/
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