Green Energy Market Size

Green Energy Market size was valued at USD 119.63 billion in 2024 and is set to cross USD 379.23 billion by the end of 2037, registering more than 9.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of green energy is estimated at USD 128.53 billion.

The growth of the market can primarily be ascribed to the global shift from non-renewable sources of energy, such as coal and petroleum, to renewable energy. According to the data from the International Energy Agency (IEA), the annual renewable capacity additions increased by 45% in 2020, which accounted for almost 280 GW. Despite the aftereffects of the COVID-19 pandemic, installed renewable power capacity experienced a raise of 6% globally.

Green energy is important as it aids in mitigating the negative consequences of fossil-fuel-generated energy. Since green energy is a clean source of energy, it emits no greenhouse gases, protecting the environment while producing efficient and desired results. The global green energy market is used in a wide range of industries and sectors. Moreover, green energy has been a replacement for the energy generated from burning fossil fuels. Furthermore, there has been an increase in greenhouse gas emissions from the industry sector. Hence, the rapid growth of industrialization is anticipated to surge the growth of the global green energy market. Nearly 24 percent of the greenhouse emission in the year 2020 came from the industry sector in the United States.