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Green Power Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global green power market size reached US$ 52.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 104.18 Billion by 2027, exhibiting a growth rate (CAGR) of 11.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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 2022-2027. 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), Électricité de France S.A., GE Renewable Energy (General Electric Company), Iberdrola S.A., Innergex Renewable Energy (Hydro-Québec), Invenergy LLC, NextEra Energy Inc., Orsted AS, Siemens Energy AG, Suzlon Energy Limited and Tata Power Company Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Power Source, End Use Sector, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., Acciona S.A., Adani Green Energy Limited (Adani Group), Électricité de France S.A., GE Renewable Energy (General Electric Company), Iberdrola S.A., Innergex Renewable Energy (Hydro-Québec), Invenergy LLC, NextEra Energy Inc., Orsted AS, Siemens Energy AG, Suzlon Energy Limited and Tata Power Company Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global green power market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global green power market?
  • What are the key regional markets?
  • What is the breakup of the market based on the power source?
  • What is the breakup of the market based on the end use sector?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global green power market and who are the key players?
  • What is the degree of competition in the industry?

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    Électricité 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-Québec)
           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 Figures

Figure 1: Global: Green Power Market: Major Drivers and Challenges
Figure 2: Global: Green Power Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Green Power Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Green Power Market: Breakup by Power Source (in %), 2021
Figure 5: Global: Green Power Market: Breakup by End Use Sector (in %), 2021
Figure 6: Global: Green Power Market: Breakup by Region (in %), 2021
Figure 7: Global: Green Power (Wind) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Green Power (Wind) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Green Power (Solar) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Green Power (Solar) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Green Power (Low Impact Hydro) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Green Power (Low Impact Hydro) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Green Power (Biomass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Green Power (Biomass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Green Power (Other Power Sources) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Green Power (Other Power Sources) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Green Power (Transport) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Green Power (Transport) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Green Power (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Green Power (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Green Power (Non-combusted) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Green Power (Non-combusted) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Green Power (Buildings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Green Power (Buildings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Green Power (Other End Use Sectors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Green Power (Other End Use Sectors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia-Pacific: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia-Pacific: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: Green Power Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: Green Power Market: Breakup by Country (in %), 2021
Figure 75: Middle East and Africa: Green Power Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Green Power Market Forecast: Breakup by Power Source (in Million US$), 2022-2027
Table 3: Global: Green Power Market Forecast: Breakup by End Use Sector (in Million US$), 2022-2027
Table 4: Global: Green Power Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Green Power Market: Competitive Structure
Table 6: Global: Green Power Market: Key Players


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