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Green Power Market Report by Power Source (Wind, Solar, Low Impact Hydro, Biomass, and Others), End Use Sector (Transport, Industrial, Non-combusted, Buildings, and Others), and Region 2024-2032

April 2024 | 137 pages | ID: GE9253E16438EN
IMARC Group

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The global green power market size reached US$ 65.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 160.7 Billion by 2032, exhibiting a growth rate (CAGR) of 10.1% during 2024-2032.

Green power refers to the electrical energy generated from environment-friendly and renewable sources, such as geothermal, wind, solar, and low-impact biomass and hydropower. Its production does not release toxic greenhouse gases into the atmosphere, resulting in very little or no environmental impact. It helps offset the emissions of oxide, nitrogen dioxide, and sulfur dioxide, which causes less damage to the environment and human health compared to their conventional counterparts.

Green Power Market Trends:
The growing global population and rapid urbanization are leading to the rising need for electricity generation. This represents one of the key factors positively influencing the market. The increasing construction of residential and commercial buildings, along with the expansion of various industries, are driving the consumption of electricity, which is impelling the market growth. Apart from this, the rising awareness among the masses about the health and environmental benefits of green power is creating a positive market outlook. The shifting consumer preference towards electric vehicles (EVs) is also contributing to the market growth. EVs eliminate tailpipe emissions, minimize dependence on fossil fuels, enhance community health, safeguard energy security, and improve employment and upskilling. This, in turn, is catalyzing the demand for naturally replenished green power sources. The rapid electrification of the transportation and industrial sectors, along with the expansion of the electrical value chain in the oil and gas industry, is stimulating market growth. Furthermore, rising government initiatives to install renewable energy sources are offering lucrative growth opportunities to manufacturers. Additionally, governments of various countries are organizing awareness campaigns to educate individuals about the availability of green power sources. Moreover, numerous innovations and advantages associated with renewable energy are resulting in faster energy transition, thus bolstering the green power industry.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global green power market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on power source and end use sector.

Breakup by Power Source:

Wind
Solar
Low Impact Hydro
Biomass
Others

Breakup by End Use Sector:

Transport
Industrial
Non-combusted
Buildings
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Acciona S.A., Adani Green Energy Limited (Adani Group), Йlectricitй de France S.A., GE Renewable Energy (General Electric Company), Iberdrola S.A., Innergex Renewable Energy (Hydro-Quйbec), Invenergy LLC, NextEra Energy Inc., Orsted AS, Siemens Energy AG, Suzlon Energy Limited and Tata Power Company Limited.

Key Questions Answered in This Report

1. What was the size of the global green power market in 2023?
2. What is the expected growth rate of the global green power market during 2024-2032?
3. What are the key factors driving the global green power market?
4. What has been the impact of COVID-19 on the global green power market?
5. What is the breakup of the global green power market based on the power source?
6. What is the breakup of the global green power market based on the end use sector?
7. What are the key regions in the global green power market?
8. Who are the key players/companies in the global green power market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL GREEN POWER MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY POWER SOURCE

6.1 Wind
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Solar
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Low Impact Hydro
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Biomass
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY END USE SECTOR

7.1 Transport
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Industrial
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Non-combusted
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Buildings
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 ABB Ltd.
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
    13.3.1.4 SWOT Analysis
  13.3.2 Acciona S.A.
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
    13.3.2.3 Financials
    13.3.2.4 SWOT Analysis
  13.3.3 Adani Green Energy Limited (Adani Group)
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
    13.3.3.3 Financials
  13.3.4 Йlectricitй de France S.A.
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
    13.3.4.3 Financials
    13.3.4.4 SWOT Analysis
  13.3.5 GE Renewable Energy (General Electric Company)
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
    13.3.5.3 Financials
    13.3.5.4 SWOT Analysis
  13.3.6 Iberdrola S.A.
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
    13.3.6.3 Financials
    13.3.6.4 SWOT Analysis
  13.3.7 Innergex Renewable Energy (Hydro-Quйbec)
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
    13.3.7.3 Financials
    13.3.7.4 SWOT Analysis
  13.3.8 Invenergy LLC
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
    13.3.8.3 SWOT Analysis
  13.3.9 NextEra Energy Inc.
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
    13.3.9.3 Financials
    13.3.9.4 SWOT Analysis
  13.3.10 Orsted AS
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
    13.3.10.3 Financials
    13.3.10.4 SWOT Analysis
  13.3.11 Siemens Energy AG
    13.3.11.1 Company Overview
    13.3.11.2 Product Portfolio
    13.3.11.3 Financials
  13.3.12 Suzlon Energy Limited
    13.3.12.1 Company Overview
    13.3.12.2 Product Portfolio
    13.3.12.3 Financials
    13.3.12.4 SWOT Analysis
  13.3.13 Tata Power Company Limited
    13.3.13.1 Company Overview
    13.3.13.2 Product Portfolio
    13.3.13.3 Financials
    13.3.13.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Green Power Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Green Power Market Forecast: Breakup by Power Source (in Million US$), 2024-2032
Table 3: Global: Green Power Market Forecast: Breakup by End Use Sector (in Million US$), 2024-2032
Table 4: Global: Green Power Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Green Power Market: Competitive Structure
Table 6: Global: Green Power Market: Key Players

LIST OF FIGURES

Figure 1: Global: Green Power Market: Major Drivers and Challenges
Figure 2: Global: Green Power Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Green Power Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Green Power Market: Breakup by Power Source (in %), 2023
Figure 5: Global: Green Power Market: Breakup by End Use Sector (in %), 2023
Figure 6: Global: Green Power Market: Breakup by Region (in %), 2023
Figure 7: Global: Green Power (Wind) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Green Power (Wind) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Green Power (Solar) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Green Power (Solar) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Green Power (Low Impact Hydro) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Green Power (Low Impact Hydro) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Green Power (Biomass) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Green Power (Biomass) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Green Power (Other Power Sources) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Green Power (Other Power Sources) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Green Power (Transport) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Green Power (Transport) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Green Power (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Green Power (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Green Power (Non-combusted) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Green Power (Non-combusted) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Green Power (Buildings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Green Power (Buildings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Green Power (Other End Use Sectors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Green Power (Other End Use Sectors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: North America: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: North America: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: United States: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: United States: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Canada: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Canada: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Asia-Pacific: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Asia-Pacific: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: China: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: China: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Japan: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Japan: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: India: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: India: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: South Korea: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: South Korea: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Australia: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Australia: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Indonesia: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Indonesia: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Others: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Others: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Europe: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Europe: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Germany: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Germany: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: France: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: France: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: United Kingdom: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: United Kingdom: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Italy: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Italy: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Spain: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Spain: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Russia: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Russia: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Others: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Others: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Latin America: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Latin America: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Brazil: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Brazil: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Mexico: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Mexico: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Middle East and Africa: Green Power Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Middle East and Africa: Green Power Market: Breakup by Country (in %), 2023
Figure 75: Middle East and Africa: Green Power Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Global: Green Power Industry: SWOT Analysis
Figure 77: Global: Green Power Industry: Value Chain Analysis
Figure 78: Global: Green Power Industry: Porter's Five Forces Analysis


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