Press release
Renewable Energy Market Accelerates as Asia-Pacific Holds the Largest Share and the United States Leads Clean Power Innovation
Renewable Energy Market
United States: Recent Industry Developments
✅ In October 2025, NextEra Energy expanded its U.S. solar + storage portfolio with a new 500 MW hybrid project in Texas, partnering with major utilities to enhance grid reliability and reduce curtailment by 20% amid surging demand for clean baseload power.
✅ In September 2025, First Solar launched its advanced Series 7 thin-film modules certified for higher efficiency, targeting large-scale utility projects via e-commerce platforms and driving down levelized cost of energy (LCOE) for solar PV.
✅ In August 2025, GE Vernova introduced next-generation onshore wind turbines with larger rotors compliant with DOE guidelines, distributed through supply chains for offshore and onshore wind farm expansions.
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Japan: Recent Industry Developments
✅ In October 2025, Mitsubishi Heavy Industries adopted advanced hydrogen co-firing tech in its Japanese facilities, improving renewable integration by 18% for export-grade gas turbines to Asia-Pacific energy markets.
✅ In September 2025, Toshiba Energy Systems & Solutions collaborated with local utilities to develop floating offshore wind platforms, focusing on typhoon-resistant designs under national carbon neutrality goals.
✅ In August 2025, Japan's Ministry of Economy, Trade and Industry subsidized green hydrogen and battery storage R&D for 10 GW of annual renewable capacity additions, supporting offshore wind and solar-plus-storage projects.
Asia-Pacific: Recent Industry Developments
✅ In October 2025, Adani Green Energy opened Asia's largest single-site solar park in India (30 GW planned), supplying B2B clients in power distribution with low-cost renewable electricity for grid decarbonization.
✅ In September 2025, China's State Power Investment Corporation imported record volumes of wind turbine components from Europe, driven by massive offshore wind auctions during the 14th Five-Year Plan.
✅ In August 2025, ReNew Power launched hybrid solar-wind-storage projects in Southeast Asia, integrating advanced digital platforms for real-time grid balancing in high-growth renewable markets.
Market Trends & Drivers
The Global Renewable Energy Market is thriving due to surging demand for clean power amid net-zero commitments and rising energy security concerns, expanding applications in solar PV, onshore/offshore wind, hydropower, bioenergy, and green hydrogen for electricity generation and industrial decarbonization, and increasing awareness around cost competitiveness and energy independence. Key trends include innovation in technologies (e.g., bifacial solar, larger offshore turbines, long-duration storage), growth in hybrid systems (solar + wind + battery), and increasing adoption in emerging economies (utility-scale projects, distributed solar). The rise of corporate PPAs, premiumization in green energy, and regulatory pushes for renewable targets (EU Fit for 55, U.S. IRA, China 2030/2060 goals) are significantly accelerating market expansion amid shifting preferences for reliable, affordable, and low-carbon renewable energy solutions.
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Competitive Landscape
The market is moderately consolidated among global and regional players, with intense competition in project scale, technology integration, and cost reduction.
» NextEra Energy dominates North America with vertically integrated solar and wind assets for utility-scale generation.
» Iberdrola leads in offshore wind and hybrid renewables, supplying clean power across Europe and beyond.
» Ørsted excels in offshore wind leadership, focusing on large-scale projects for global energy transition.
» Adani Green Energy drives APAC growth with massive solar parks and diversified renewable portfolios.
» Enel Green Power specializes in Latin America and Europe with hydro, solar, and wind integration.
» EDF Renewables innovates in battery storage and green hydrogen for grid stability.
» JinkoSolar focuses on high-efficiency solar modules for utility and distributed generation.
» Vestas Wind Systems strengthens presence with advanced turbine technology for onshore/offshore.
» Longi Green Energy pioneers low-cost solar PV manufacturing for emerging markets.
» Brookfield Renewable Partners targets global acquisitions for diversified clean energy assets.
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Segmentation
☛ By Type
The renewable energy market is segmented into Solar Energy, Wind Energy, Hydropower, Bioenergy, Geothermal Energy, and Others. Solar Energy dominates global consumption due to rapidly declining costs and massive capacity additions. Meanwhile, Wind Energy is rapidly growing with significant offshore developments and onshore repowering.
☛ By Application
Applications of renewable energy span Electricity Generation, Heating & Cooling, Transport, and Others. The Electricity Generation segment leads due to grid-scale solar and wind deployments. Additionally, Transport is expanding with green hydrogen and biofuels for decarbonization.
☛ By End-User
Based on end-user, the market is bifurcated into Residential, Commercial & Industrial, and Utilities. The Utilities segment dominates, driven by large-scale renewable procurement. The Commercial & Industrial channel is also growing, with rising corporate PPAs and onsite generation.
Regional Analysis
» Asia-Pacific leads the global renewable energy market, holding over 40% share driven by China's massive solar and wind additions, India's ambitious targets, and Southeast Asia's emerging projects. Regional expansions in utility-scale solar bolster supply for exports.
» North America exhibits robust demand fueled by the U.S. Inflation Reduction Act and Canada's clean energy incentives. The U.S. is a key market for wind and solar-plus-storage.
» Europe shows steady growth supported by REPowerEU and Fit for 55 goals. Countries such as Germany, Spain, and the UK prioritize offshore wind and green hydrogen.
» The Middle East and Africa hold potential amid solar mega-projects and green hydrogen ambitions. Meanwhile, South America is emerging with hydropower and solar in Brazil and Chile.
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