Renewable Energy Market to Hit $2.0 Trillion by 2031, Driven by Clean Energy Transition, Grid Modernization & Sustainability Goals

Leander, Texas and Tokyo, Japan - Nov.24.2025
As per DataM intelligence research report" The Global Renewable Energy Market reached USD 1.1 trillion in 2022 and is expected to reach USD 2.0 trillion by 2031, growing with a CAGR of 8.4% during the forecast period 2024-2031."Global net-zero commitments and declining technology costs are accelerating large-scale investments in renewable energy.

Download your exclusive sample report today: (corporate email gets priority access): https://www.datamintelligence.com/download-sample/renewable-energy-market?Prasad

United States: Recent Industry Developments

✅ In November 2025, NextEra Energy accelerated solar-plus-storage deployments with the launch of new utility-scale renewable projects across California and Texas. The expansion boosts grid reliability and long-duration energy availability. This strengthens NextEra's leadership in U.S. clean energy generation.

✅ In October 2025, Tesla Energy announced a $420 million investment to expand its Megapack renewable-storage manufacturing capacity, supporting wind and solar integrations nationwide. The move enhances renewable load balancing. This reinforces Tesla's role in advancing large-scale renewable energy storage systems.

✅ In September 2025, General Electric Vernova deployed high-efficiency onshore wind turbines designed for improved power curves and grid stability. The technology increases output for U.S. wind farms. This strengthens GE Vernova's competitive edge in American wind energy solutions.

✅ In August 2025, Duke Energy expanded its renewable portfolio with new solar farms featuring AI-based predictive maintenance to optimize uptime and performance. The upgrade supports regional decarbonization goals. This solidifies Duke Energy's presence in modernized clean energy infrastructure.

Japan: Recent Industry Developments

✅ In November 2025, JERA launched next-generation offshore wind development programs integrating advanced turbine technology for higher capacity factors. The initiative supports Japan's long-term renewable transition. This reinforces JERA's leadership in large-scale clean energy projects.

✅ In October 2025, SoftBank Energy invested 28 billion in new solar parks equipped with automated cleaning and high-efficiency PV modules. The investment boosts output and reduces operational costs. This strengthens SoftBank Energy's footprint in Japan's solar energy sector.

✅ In September 2025, Mitsubishi Electric unveiled advanced renewable-integrated smart grid systems to improve stability for solar- and wind-dense regions. The systems enhance energy forecasting and balancing. This positions Mitsubishi Electric at the forefront of Japan's energy digitalization.

✅ In August 2025, Panasonic Green Energy expanded production of heterojunction (HJT) solar modules offering higher conversion efficiencies and better heat tolerance. The development supports Japan's demand for premium solar technologies. This elevates Panasonic's standing in high-performance PV solutions.

Renewable Energy Market: Drivers
The renewable energy market is experiencing robust growth as countries, corporations, and communities accelerate the transition from fossil fuels to sustainable, low-carbon energy sources. Renewable energy encompasses solar, wind, hydro, geothermal, and bioenergy solutions, providing clean, reliable, and scalable alternatives for electricity generation, heating, and transportation. Rising global awareness of climate change, energy security concerns, and government incentives are driving adoption across residential, commercial, and industrial sectors. Technological advancements in energy storage, grid integration, and generation efficiency are improving reliability, reducing costs, and enabling large-scale deployment. Additionally, increasing private-sector investment, green financing, and international climate commitments are further supporting market expansion.

Collaborations among energy developers, technology providers, and government agencies are accelerating the development of integrated renewable energy projects and infrastructure. Expansion of decentralized energy systems, microgrids, and off-grid solutions is enhancing energy access in remote and underserved regions. Growing corporate sustainability initiatives and renewable procurement targets are driving demand for clean energy solutions. Advancements in smart grids, predictive analytics, and digital energy management are optimizing generation, distribution, and consumption. With ongoing innovation, policy support, and increasing demand for sustainable energy, the renewable energy market is poised for strong and sustained global growth.

Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/renewable-energy-market?Prasad

Renewable Energy Market: Major Players
Acciona Energia, EDF Renewables, Vestas, Ørsted A/S, First Solar, Adani Green Energy, Tata Power, Duke Energy Corporation, Iberdrola, S.A. and NextEra Energy, Inc.

Segment Covered in the Renewable Energy Market:
By Type
Hydroelectric energy leads with 32% share, driven by established infrastructure, high efficiency, and consistent power generation. Solar energy holds 28%, fueled by declining costs, government incentives, and rooftop installations. Wind energy captures 25%, supported by large-scale onshore and offshore projects. Geothermal energy accounts for 15%, primarily in regions with high thermal activity.

By End-User
Industrial segment dominates with 38% share, driven by high energy demand in manufacturing, processing, and heavy industries. Residential users hold 30%, fueled by rooftop solar and small-scale renewable adoption. Commercial sector accounts for 25%, supported by office buildings, malls, and hospitals. Other end-users represent 7%, including public infrastructure and community energy projects.

Regional Analysis
North America - 30% Share
North America leads with 30%, driven by the U.S. and Canada, large-scale wind farms, solar adoption, and supportive policies. Industrial and residential renewable installations are growing steadily.

Europe - 28% Share
Europe holds 28%, supported by Germany, France, U.K., and Spain, with strong renewable mandates, offshore wind projects, and solar PV incentives. Residential rooftop adoption is also significant.

Asia Pacific - 27% Share
Asia Pacific accounts for 27%, led by China, India, Japan, and South Korea, with rapid solar, wind, and hydro project development. Industrial and commercial segments are the major adopters.

Latin America - 7% Share
Latin America holds 7%, led by Brazil, Mexico, and Chile, driven by hydroelectric projects and emerging solar and wind farms. Residential adoption is growing slowly.

Middle East - 5% Share
The Middle East accounts for 5%, supported by solar energy projects in UAE, Saudi Arabia, and Egypt. Industrial and commercial sectors drive the majority of demand.

Africa - 3% Share
Africa holds 3%, with adoption concentrated in South Africa, Morocco, and Egypt, mainly for solar and hydro projects. Limited infrastructure and investment slow market expansion.

Purchase this report before year-end and unlock an exclusive 30% discount:
https://www.datamintelligence.com/buy-now-page?report=renewable-energy-market
(Purchase 2 or more Repots and get 50% Discount)

Request for 2 Days FREE Trial Access:
https://www.datamintelligence.com/reports-subscription?Prasad

✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

Have a look at our Subscription Dashboard:
https://www.youtube.com/watch?v=x5oEiqEqTWg

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.