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PUBLISHER: IMARC | PRODUCT CODE: 1236956
PUBLISHER: IMARC | PRODUCT CODE: 1236956
Green Power Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global green power market size reached US$ 59.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 96.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.56% during 2023-2028.
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 2023-2028. 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), Electricite de France S.A., GE Renewable Energy (General Electric Company), Iberdrola S.A., Innergex Renewable Energy (Hydro-Quebec), 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 2022?
- 2. What is the expected growth rate of the global green power market during 2023-2028?
- 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?
Product Code: SR1523A221_Report
Table of Contents
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
- 8.1.1 United States
- 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
- 8.2.1 China
- 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
- 8.3.1 Germany
- 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
- 8.4.1 Brazil
- 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 Electricite 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-Quebec)
- 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
- 13.3.1 ABB Ltd.
Product Code: SR1523A221_Report
List of Figures
- Figure 1: Global: Green Power Market: Major Drivers and Challenges
- Figure 2: Global: Green Power Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Green Power Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Green Power Market: Breakup by Power Source (in %), 2022
- Figure 5: Global: Green Power Market: Breakup by End Use Sector (in %), 2022
- Figure 6: Global: Green Power Market: Breakup by Region (in %), 2022
- Figure 7: Global: Green Power (Wind) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Green Power (Wind) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Green Power (Solar) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Green Power (Solar) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Green Power (Low Impact Hydro) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Green Power (Low Impact Hydro) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Green Power (Biomass) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Green Power (Biomass) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Green Power (Other Power Sources) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Green Power (Other Power Sources) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Green Power (Transport) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Green Power (Transport) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Green Power (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Green Power (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Green Power (Non-combusted) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Green Power (Non-combusted) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Green Power (Buildings) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Green Power (Buildings) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Green Power (Other End Use Sectors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Green Power (Other End Use Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: North America: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: North America: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: United States: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: United States: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Canada: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Canada: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Asia-Pacific: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Asia-Pacific: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: China: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: China: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Japan: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Japan: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: India: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: India: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: South Korea: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: South Korea: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Australia: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Australia: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Indonesia: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Indonesia: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Others: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Others: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Europe: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Europe: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Germany: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Germany: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: France: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: France: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: United Kingdom: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: United Kingdom: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Italy: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Italy: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Spain: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Spain: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Russia: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Russia: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Latin America: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Latin America: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Brazil: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Brazil: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Mexico: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Mexico: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Others: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Others: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Middle East and Africa: Green Power Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Middle East and Africa: Green Power Market: Breakup by Country (in %), 2022
- Figure 75: Middle East and Africa: Green Power Market Forecast: Sales Value (in Million US$), 2023-2028
- 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
List of Tables
- Table 1: Global: Green Power Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Green Power Market Forecast: Breakup by Power Source (in Million US$), 2023-2028
- Table 3: Global: Green Power Market Forecast: Breakup by End Use Sector (in Million US$), 2023-2028
- Table 4: Global: Green Power Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Green Power Market: Competitive Structure
- Table 6: Global: Green Power Market: Key Players
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