Green Power Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Power, By Application, By End User, By Region & Competition, 2021-2031F

Description

The Global Green Power Market will grow from USD 45.98 Billion in 2025 to USD 89.69 Billion by 2031 at a 11.78% CAGR. Green power comprises electricity generated from renewable resources such as solar, wind, geothermal, biomass, and low-impact hydroelectric systems that produce minimal greenhouse gas emissions.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 45.98 Billion
Market Size 2031	USD 89.69 Billion
CAGR 2026-2031	11.78%
Fastest Growing Segment	Utility
Largest Market	Asia Pacific

Key Market Drivers

The declining levelized cost of energy (LCOE) for solar and wind technologies serves as a primary catalyst for the Global Green Power Market, fundamentally reshaping the economics of electricity generation. Continuous improvements in manufacturing efficiency, material science, and economies of scale have drastically reduced the capital expenditure required for renewable energy projects, enabling them to achieve grid parity with conventional fossil fuel sources in many regions. This improved cost competitiveness allows for the rapid deployment of utility-scale and distributed energy systems without sole reliance on subsidies.

Key Market Challenges

Grid infrastructure limitations, specifically aging transmission networks and lengthy interconnection queues, represent a formidable barrier directly hampering the growth of the Global Green Power Market. As renewable energy projects are developed at a pace that significantly outstrips the expansion of transmission capacity, a critical bottleneck has emerged. This physical and administrative constraint prevents viable projects from connecting to the grid, leading to substantial delays in commissioning and commercial operation.

Key Market Trends

The industrial application of green hydrogen in hard-to-abate sectors is transitioning from pilot demonstrations to large-scale commercial execution, creating a new demand vertical for renewable energy. Industries such as steel manufacturing, heavy transport, and chemical production are integrating low-emission hydrogen to decarbonize processes that direct electrification cannot address, effectively mitigating carbon pricing risks. This shift toward implementation is underscored by a substantial increase in capital allocation for mature projects, indicating that the market is moving past the initial hype cycle into a phase of concrete infrastructure development.

Key Market Players

NextEra Energy, Inc.
Vestas Wind Systems A/S
Siemens AG
Orsted A/S
Iberdrola, S.A.
NTPC Limited
Enbridge Inc.
Enel Green Power S.p.A.
First Solar, Inc
Canadian Solar Inc.

Report Scope:

In this report, the Global Green Power Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Green Power Market, By Power:

Wind Energy
Solar Energy
Geothermal Energy
Hydropower
Bioenergy

Green Power Market, By Application:

Electricity Generation
Transportation
Heating
Others

Green Power Market, By End User:

Utility
Residential
Industrial
Commercial

Green Power Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Green Power Market.

Available Customizations:

Global Green Power Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Green Power Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Power (Wind Energy, Solar Energy, Geothermal Energy, Hydropower, Bioenergy)
- 5.2.2. By Application (Electricity Generation, Transportation, Heating, Others)
- 5.2.3. By End User (Utility, Residential, Industrial, Commercial)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
5.3. Market Map

6. North America Green Power Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Power
- 6.2.2. By Application
- 6.2.3. By End User
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Green Power Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Power
    - 6.3.1.2.2. By Application
    - 6.3.1.2.3. By End User
- 6.3.2. Canada Green Power Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Power
    - 6.3.2.2.2. By Application
    - 6.3.2.2.3. By End User
- 6.3.3. Mexico Green Power Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Power
    - 6.3.3.2.2. By Application
    - 6.3.3.2.3. By End User

7. Europe Green Power Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Power
- 7.2.2. By Application
- 7.2.3. By End User
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Green Power Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Power
    - 7.3.1.2.2. By Application
    - 7.3.1.2.3. By End User
- 7.3.2. France Green Power Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Power
    - 7.3.2.2.2. By Application
    - 7.3.2.2.3. By End User
- 7.3.3. United Kingdom Green Power Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Power
    - 7.3.3.2.2. By Application
    - 7.3.3.2.3. By End User
- 7.3.4. Italy Green Power Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Power
    - 7.3.4.2.2. By Application
    - 7.3.4.2.3. By End User
- 7.3.5. Spain Green Power Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Power
    - 7.3.5.2.2. By Application
    - 7.3.5.2.3. By End User

8. Asia Pacific Green Power Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Power
- 8.2.2. By Application
- 8.2.3. By End User
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Green Power Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Power
    - 8.3.1.2.2. By Application
    - 8.3.1.2.3. By End User
- 8.3.2. India Green Power Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Power
    - 8.3.2.2.2. By Application
    - 8.3.2.2.3. By End User
- 8.3.3. Japan Green Power Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Power
    - 8.3.3.2.2. By Application
    - 8.3.3.2.3. By End User
- 8.3.4. South Korea Green Power Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Power
    - 8.3.4.2.2. By Application
    - 8.3.4.2.3. By End User
- 8.3.5. Australia Green Power Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Power
    - 8.3.5.2.2. By Application
    - 8.3.5.2.3. By End User

9. Middle East & Africa Green Power Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Power
- 9.2.2. By Application
- 9.2.3. By End User
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Green Power Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Power
    - 9.3.1.2.2. By Application
    - 9.3.1.2.3. By End User
- 9.3.2. UAE Green Power Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Power
    - 9.3.2.2.2. By Application
    - 9.3.2.2.3. By End User
- 9.3.3. South Africa Green Power Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Power
    - 9.3.3.2.2. By Application
    - 9.3.3.2.3. By End User

10. South America Green Power Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Power
- 10.2.2. By Application
- 10.2.3. By End User
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Green Power Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Power
    - 10.3.1.2.2. By Application
    - 10.3.1.2.3. By End User
- 10.3.2. Colombia Green Power Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Power
    - 10.3.2.2.2. By Application
    - 10.3.2.2.3. By End User
- 10.3.3. Argentina Green Power Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Power
    - 10.3.3.2.2. By Application
    - 10.3.3.2.3. By End User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Green Power Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. NextEra Energy, Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Vestas Wind Systems A/S
15.3. Siemens AG
15.4. Orsted A/S
15.5. Iberdrola, S.A.
15.6. NTPC Limited
15.7. Enbridge Inc.
15.8. Enel Green Power S.p.A.
15.9. First Solar, Inc
15.10. Canadian Solar Inc.