Green Energy Market Share

APAC Market Statistics

The Asia Pacific green energy market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be ascribed to the highest utilization and adoption of solar and hydro energy in the region, along with high adoption of green energy in major countries such as China, India, and Japan which is also estimated to significantly boost the market growth. Solar power production in China increased from 39 TWh in 2015 to 260 TWh in 2020, while the total hydropower generated in 2019 crossed 1,302.00 TWh. Similarly, markets in India and Japan have witnessed robust growth in solar and wind energy respectively, which is estimated to boost the regional market growth.

North American Market Forecast   

Further, the market in North America is also anticipated to grow over the forecast period, backed by growing awareness regarding growing pollution and its adverse effect on the environment. Moreover, government are initiating various strategies in order to increase the adoption of green energy in this region. They are also investing in green energy which is also estimated to boost the growth of the market in this region.