Renewable Energy Market Size, Growth, Trends and Forecast by 2033
The global renewable energy market size was valued at USD 1085 billion in 2024 and is anticipated to reach from USD 1101.27 billion in 2025 to USD 2271.2 billion by 2033, exhibiting a CAGR of 9.47% during the forecast period (2025-2033). The surging demand for energy, fueled by rapid population growth and urbanization, is driving the adoption of sustainable power sources for electricity generation. This shift is further supported by favorable government initiatives, acting as strong catalysts for market expansion.