Global Renewable Energy Market Size & Outlook, 2025-2033

Global Renewable Energy Market Highlights

According to Market Strides analysis, the Global Renewable Energy Market size was USD 1510 Billion in 2024 and is projected to reach USD 5,319.60 Billion by 2033.
The Global market is projected to grow at a CAGR of 14.9% between 2025 and 2033.
By segment, Solar emerged as the largest By Technology in terms of market size in 2024.
Solar is anticipated to remain the most attractive By Technology segment, recording the fastest growth during the forecast period.

Source: MS Analysis Company Publications, Primary Interviews.

Other Key Findings

United States is forecasted to account for the leading share of the global market by 2033.
In Global, Middle East and Africa is forecasted to be the fastest-expanding market, projected to reach USD 11342.69 Billion by 2033.

Report Summary

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 1510 Billion
Market Size In 2033	USD 5,319.60 Billion
Largest segment	Solar
Units	Revenue in USD Billion
CAGR	14.9% (2025-2033)
Segmnetation Covered
Region	North America Europe Asia Pacific Middle East and Africa LATAM
By Technology	Solar Wind Bioenergy
By Application	Utility-Scale Distributed
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Global Renewable Energy Market Region 2025-2033 (USD Billion)

Region	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
North America	XX.x	XX.x	XX.x	477.92	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Europe	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Asia Pacific	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Middle East and Africa	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
LATAM	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Global Renewable Energy Market By Technology 2025-2033 (USD Billion)

By Technology	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Solar	XX.x	XX.x	XX.x	791.84	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Wind	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Bioenergy	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Global Renewable Energy Market By Application 2025-2033 (USD Billion)

By Application	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Utility-Scale	XX.x	XX.x	XX.x	953.87	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Distributed	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Author :

Market Strides Research Team

The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.