Green Power Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application

May 2025 | 87 pages | ID: GF275B590942EN
Prof Research

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Green Power Market Summary

Introduction to the Green Power Industry

Green power encompasses electricity generated from renewable sources, including solar, wind, hydropower, bioenergy, geothermal, and marine energy, offering a low-carbon alternative to fossil fuels. With global renewable capacity reaching 4,448 GW in 2024, per IRENA, solar (1,865 GW) and wind (1,133 GW) dominate, accounting for 96.6% of new additions. Green power serves industrial, commercial, and residential sectors, driven by decarbonization policies, cost declines in solar and wind, and rising energy demand. The industry benefits from technological advancements, such as high-efficiency solar panels and offshore wind, but faces challenges from grid integration, land use conflicts, and intermittency, necessitating storage and smart grid solutions.

Market Size and Growth Forecast

The global green power market is projected to reach USD 1.2 trillion to USD 1.4 trillion by 2025, with an estimated CAGR of 8% to 10% through 2030, fueled by policy mandates and renewable technology advancements.

Regional Analysis

Asia Pacific expects a growth rate of 9% to 11%. China leads with massive solar and wind additions, while India and South Korea accelerate renewable deployments through subsidies.

North America anticipates a growth rate of 7% to 9%. The U.S. drives growth with solar and wind projects, supported by federal tax credits and state renewable mandates.

Europe projects a growth rate of 7% to 9%. Germany and the UK prioritize offshore wind and solar, aligning with EU’s 2030 climate goals.

South America expects a growth rate of 5% to 7%. Brazil’s hydropower and wind sectors grow, though grid constraints limit scalability.

Middle East and Africa anticipate a growth rate of 4% to 6%. The UAE and South Africa invest in solar, but funding gaps hinder broader adoption.

Application Analysis

Industrial: Projected at 8% to 10%, driven by energy-intensive sectors like manufacturing adopting renewables for cost savings and emissions compliance.

Commercial: Expected at 7% to 9%, used in offices and retail for green certifications, with rooftop solar gaining traction.

Residential: Anticipated at 6% to 8%, supported by home solar systems and community wind projects, with affordability driving adoption.

Key Market Players

Exelon: A U.S. leader, Exelon focuses on renewable utilities and grid integration.

Duke Energy: A U.S. firm, Duke invests in solar and wind projects.

NextEra Energy: A U.S. company, NextEra excels in wind and solar generation.

Southern: A U.S. player, Southern expands renewable portfolios.

Dominion Energy: A U.S. firm, Dominion prioritizes offshore wind.

EDF: A French company, EDF drives solar and wind in Europe.

Rosatom: A Russian player, Rosatom supports renewable energy projects.

Engie SA: A French firm, Engie focuses on green power solutions.

Public Service Enterprise: A U.S. company, PSEG invests in solar and wind.

FirstEnergy: A U.S. player, FirstEnergy supports renewable utilities.

CNNC: A Chinese firm, CNNC integrates renewables with nuclear.

Porter’s Five Forces Analysis
  • Threat of New Entrants: Moderate. High capital costs and regulatory hurdles create barriers, but declining solar and wind costs enable new players like CNNC in emerging markets. Established firms like NextEra Energy leverage scale and grid access, limiting entrants’ impact.
  • Threat of Substitutes: Moderate. Fossil fuels and nuclear energy compete, but renewables’ cost declines and policy support reduce their appeal. Green hydrogen and storage solutions challenge standalone renewables, pushing EDF to integrate hybrid systems.
  • Bargaining Power of Buyers: High. Industrial and commercial buyers negotiate due to abundant renewable suppliers and government incentives. Residential customers have less leverage, but utilities like Exelon face pressure to offer competitive green tariffs.
  • Bargaining Power of Suppliers: Moderate. Suppliers of solar panels, wind turbines, and grid equipment influence costs, but diversified sourcing by Duke Energy mitigates risks. Specialized offshore wind components grant some supplier power.
  • Competitive Rivalry: High. NextEra Energy, EDF, and CNNC compete on capacity, cost, and innovation, with rapid solar and wind deployments driving R&D. Regional players like Engie SA leverage local policies, intensifying global rivalry.
Market Opportunities and Challenges

Opportunities
  • Renewable Capacity Growth: The 4,448 GW renewable capacity in 2024 drives demand, benefiting NextEra Energy’s wind and solar projects.
  • Policy Mandates: EU’s 2030 targets and U.S. tax credits favor EDF’s renewable expansion.
  • Cost Declines: Falling solar and wind costs enhance affordability, supporting Duke Energy’s mass-market adoption.
  • Offshore Wind: Europe’s offshore wind boom creates niches for Dominion Energy’s coastal projects.
  • Emerging Markets: India’s solar push offers export potential for CNNC, leveraging scale.
  • Grid Modernization: Smart grids enhance renewable integration, favoring Exelon’s utility solutions.
  • Corporate Sustainability: Industrial demand for green certifications drives Engie SA’s commercial contracts.
Challenges
  • Grid Integration: Intermittency strains grids, impacting Southern’s renewable scaling.
  • Land Use Conflicts: Wind and solar projects face opposition, challenging FirstEnergy’s deployments.
  • Raw Material Shortages: Silicon and rare earths constrain supply, pressuring EDF’s solar growth.
  • High Initial Costs: Capital-intensive projects deter investment, impacting Rosatom in developing regions.
  • Policy Uncertainty: Shifting subsidies in South America hinder PSEG’s planning.
  • Storage Dependency: Limited long-duration storage pressures Duke Energy to invest in PHS.
  • Regulatory Complexity: Diverse global standards raise compliance costs for CNNC.
CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 2 ABBREVIATION AND ACRONYMS

CHAPTER 3 PREFACE

3.1 Research Scope
3.2 Research Sources
  3.2.1 Data Sources
  3.2.2 Assumptions
3.3 Research Method
Chapter Four Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users

CHAPTER 5 MARKET TREND ANALYSIS

5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats

CHAPTER 6 INDUSTRY CHAIN ANALYSIS

6.1 Upstream/Suppliers Analysis
6.2 Green Power Analysis
  6.2.1 Technology Analysis
  6.2.2 Cost Analysis
  6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users

CHAPTER 7 LATEST MARKET DYNAMICS

7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics

CHAPTER 8 HISTORICAL AND FORECAST GREEN POWER MARKET IN NORTH AMERICA (2020-2030)

8.1 Green Power Market Size
8.2 Green Power Market by End Use
8.3 Competition by Players/Suppliers
8.4 Green Power Market Size by Type
8.5 Key Countries Analysis
  8.5.1 United States
  8.5.2 Canada
  8.5.3 Mexico

CHAPTER 9 HISTORICAL AND FORECAST GREEN POWER MARKET IN SOUTH AMERICA (2020-2030)

9.1 Green Power Market Size
9.2 Green Power Market by End Use
9.3 Competition by Players/Suppliers
9.4 Green Power Market Size by Type
9.5 Key Countries Analysis
  9.5.1 Brazil
  9.5.2 Argentina
  9.5.3 Chile
  9.5.4 Peru

CHAPTER 10 HISTORICAL AND FORECAST GREEN POWER MARKET IN ASIA & PACIFIC (2020-2030)

10.1 Green Power Market Size
10.2 Green Power Market by End Use
10.3 Competition by Players/Suppliers
10.4 Green Power Market Size by Type
10.5 Key Countries Analysis
  10.5.1 China
  10.5.2 India
  10.5.3 Japan
  10.5.4 South Korea
  10.5.5 Southest Asia
  10.5.6 Australia

CHAPTER 11 HISTORICAL AND FORECAST GREEN POWER MARKET IN EUROPE (2020-2030)

11.1 Green Power Market Size
11.2 Green Power Market by End Use
11.3 Competition by Players/Suppliers
11.4 Green Power Market Size by Type
11.5 Key Countries Analysis
  11.5.1 Germany
  11.5.2 France
  11.5.3 United Kingdom
  11.5.4 Italy
  11.5.5 Spain
  11.5.6 Belgium
  11.5.7 Netherlands
  11.5.8 Austria
  11.5.9 Poland
  11.5.10 Russia

CHAPTER 12 HISTORICAL AND FORECAST GREEN POWER MARKET IN MEA (2020-2030)

12.1 Green Power Market Size
12.2 Green Power Market by End Use
12.3 Competition by Players/Suppliers
12.4 Green Power Market Size by Type
12.5 Key Countries Analysis
  12.5.1 Egypt
  12.5.2 Israel
  12.5.3 South Africa
  12.5.4 Gulf Cooperation Council Countries
  12.5.5 Turkey

CHAPTER 13 SUMMARY FOR GLOBAL GREEN POWER MARKET (2020-2025)

13.1 Green Power Market Size
13.2 Green Power Market by End Use
13.3 Competition by Players/Suppliers
13.4 Green Power Market Size by Type

CHAPTER 14 GLOBAL GREEN POWER MARKET FORECAST (2025-2030)

14.1 Green Power Market Size Forecast
14.2 Green Power Application Forecast
14.3 Competition by Players/Suppliers
14.4 Green Power Type Forecast

CHAPTER 15 ANALYSIS OF GLOBAL KEY VENDORS

15.1 Exelon
  15.1.1 Company Profile
  15.1.2 Main Business and Green Power Information
  15.1.3 SWOT Analysis of Exelon
  15.1.4 Exelon Green Power Revenue, Gross Margin and Market Share (2020-2025)
15.2 Duke Energy
  15.2.1 Company Profile
  15.2.2 Main Business and Green Power Information
  15.2.3 SWOT Analysis of Duke Energy
  15.2.4 Duke Energy Green Power Revenue, Gross Margin and Market Share (2020-2025)
15.3 NextEra Energy
  15.3.1 Company Profile
  15.3.2 Main Business and Green Power Information
  15.3.3 SWOT Analysis of NextEra Energy
  15.3.4 NextEra Energy Green Power Revenue, Gross Margin and Market Share (2020-2025)
15.4 Southern
  15.4.1 Company Profile
  15.4.2 Main Business and Green Power Information
  15.4.3 SWOT Analysis of Southern
  15.4.4 Southern Green Power Revenue, Gross Margin and Market Share (2020-2025)
15.5 Dominion Energy
  15.5.1 Company Profile
  15.5.2 Main Business and Green Power Information
  15.5.3 SWOT Analysis of Dominion Energy
  15.5.4 Dominion Energy Green Power Revenue, Gross Margin and Market Share (2020-2025)
15.6 EDF
  15.6.1 Company Profile
  15.6.2 Main Business and Green Power Information
  15.6.3 SWOT Analysis of EDF
  15.6.4 EDF Green Power Revenue, Gross Margin and Market Share (2020-2025)
15.7 Rosatom
  15.7.1 Company Profile
  15.7.2 Main Business and Green Power Information
  15.7.3 SWOT Analysis of Rosatom
  15.7.4 Rosatom Green Power Revenue, Gross Margin and Market Share (2020-2025)
Please ask for sample pages for full companies list
Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Green Power Report
Table Data Sources of Green Power Report
Table Major Assumptions of Green Power Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Green Power Picture
Table Green Power Classification
Table Green Power Applications
Table Drivers of Green Power Market
Table Restraints of Green Power Market
Table Opportunities of Green Power Market
Table Threats of Green Power Market
Table Covid-19 Impact For Green Power Market
Table Raw Materials Suppliers
Table Different Production Methods of Green Power
Table Cost Structure Analysis of Green Power
Table Key End Users
Table Latest News of Green Power Market
Table Merger and Acquisition
Table Planned/Future Project of Green Power Market
Table Policy of Green Power Market
Table 2020-2030 North America Green Power Market Size
Figure 2020-2030 North America Green Power Market Size and CAGR
Table 2020-2030 North America Green Power Market Size by Application
Table 2020-2025 North America Green Power Key Players Revenue
Table 2020-2025 North America Green Power Key Players Market Share
Table 2020-2030 North America Green Power Market Size by Type
Table 2020-2030 United States Green Power Market Size
Table 2020-2030 Canada Green Power Market Size
Table 2020-2030 Mexico Green Power Market Size
Table 2020-2030 South America Green Power Market Size
Figure 2020-2030 South America Green Power Market Size and CAGR
Table 2020-2030 South America Green Power Market Size by Application
Table 2020-2025 South America Green Power Key Players Revenue
Table 2020-2025 South America Green Power Key Players Market Share
Table 2020-2030 South America Green Power Market Size by Type
Table 2020-2030 Brazil Green Power Market Size
Table 2020-2030 Argentina Green Power Market Size
Table 2020-2030 Chile Green Power Market Size
Table 2020-2030 Peru Green Power Market Size
Table 2020-2030 Asia & Pacific Green Power Market Size
Figure 2020-2030 Asia & Pacific Green Power Market Size and CAGR
Table 2020-2030 Asia & Pacific Green Power Market Size by Application
Table 2020-2025 Asia & Pacific Green Power Key Players Revenue
Table 2020-2025 Asia & Pacific Green Power Key Players Market Share
Table 2020-2030 Asia & Pacific Green Power Market Size by Type
Table 2020-2030 China Green Power Market Size
Table 2020-2030 India Green Power Market Size
Table 2020-2030 Japan Green Power Market Size
Table 2020-2030 South Korea Green Power Market Size
Table 2020-2030 Southeast Asia Green Power Market Size
Table 2020-2030 Australia Green Power Market Size
Table 2020-2030 Europe Green Power Market Size
Figure 2020-2030 Europe Green Power Market Size and CAGR
Table 2020-2030 Europe Green Power Market Size by Application
Table 2020-2025 Europe Green Power Key Players Revenue
Table 2020-2025 Europe Green Power Key Players Market Share
Table 2020-2030 Europe Green Power Market Size by Type
Table 2020-2030 Germany Green Power Market Size
Table 2020-2030 France Green Power Market Size
Table 2020-2030 United Kingdom Green Power Market Size
Table 2020-2030 Italy Green Power Market Size
Table 2020-2030 Spain Green Power Market Size
Table 2020-2030 Belgium Green Power Market Size
Table 2020-2030 Netherlands Green Power Market Size
Table 2020-2030 Austria Green Power Market Size
Table 2020-2030 Poland Green Power Market Size
Table 2020-2030 Russia Green Power Market Size
Table 2020-2030 MEA Green Power Market Size
Figure 2020-2030 MEA Green Power Market Size and CAGR
Table 2020-2030 MEA Green Power Market Size by Application
Table 2020-2025 MEA Green Power Key Players Revenue
Table 2020-2025 MEA Green Power Key Players Market Share
Table 2020-2030 MEA Green Power Market Size by Type
Table 2020-2030 Egypt Green Power Market Size
Table 2020-2030 Israel Green Power Market Size
Table 2020-2030 South Africa Green Power Market Size
Table 2020-2030 Gulf Cooperation Council Countries Green Power Market Size
Table 2020-2030 Turkey Green Power Market Size
Table 2020-2025 Global Green Power Market Size by Region
Table 2020-2025 Global Green Power Market Size Share by Region
Table 2020-2025 Global Green Power Market Size by Application
Table 2020-2025 Global Green Power Market Share by Application
Table 2020-2025 Global Green Power Key Vendors Revenue
Figure 2020-2025 Global Green Power Market Size and Growth Rate
Table 2020-2025 Global Green Power Key Vendors Market Share
Table 2020-2025 Global Green Power Market Size by Type
Table 2020-2025 Global Green Power Market Share by Type
Table 2025-2030 Global Green Power Market Size by Region
Table 2025-2030 Global Green Power Market Size Share by Region
Table 2025-2030 Global Green Power Market Size by Application
Table 2025-2030 Global Green Power Market Share by Application
Table 2025-2030 Global Green Power Key Vendors Revenue
Figure 2025-2030 Global Green Power Market Size and Growth Rate
Table 2025-2030 Global Green Power Key Vendors Market Share
Table 2025-2030 Global Green Power Market Size by Type
Table 2025-2030 Green Power Global Market Share by Type


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