Green Power Market Regional Analysis

Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the green power market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of green power market across North America, South America, Europe, Asia, the Middle East, and Africa.

Green Power Market Regional Insights

Why Should Green Power Companies Invest in Asia Pacific?

The Asia Pacific region is slated to emerge as a highly opportune region for green power providers in the long run. Rapidly surging demand for energy coupled with high emphasis on sustainability primarily promotes the adoption of green power in this region. High investments by governments and private organizations in improving sustainable energy generation are leading to launch of new green power projects.

Green Power Market in China

China is a dominant market for green power companies not just in this region but, on a global level as well. Rapidly surging adoption of solar power solutions and growing innovations in green technologies are helping cement China’s dominance. Launch of ambitious government policies for clean energy are also creating new opportunities in the country.

Green Power Market in India

Robust investments in the renewable energy industry and high emphasis on renewable energy capacity addition are helping India emerge as an opportune country. Rapidly increasing demand for energy due to population boom and urbanization are also slated to boost the adoption of green power projects. Government support to increase renewable energy projects is also helping boost revenue.

  • As per an article listed on Energy Monitor, India added 25 GW of renewable energy capacity in the fiscal year 2024-2025, marking a nearly 35% increase compared to the previous year's addition of 18.57 GW.

Why Europe is a Safe Haven for Green power Companies?

High government and consumer emphasis on green and clean energy in the European region makes it the dominant regional market. Launch of multiple new renewable and clean energy projects across several European countries along with government support are helping the dominance of this region. Launch of initiatives such as the European Green deal and ambitious emission reduction targets also promote green power demand.

Green Power Market in Norway

Norway is slated to emerge as the leading adopter of green power and renewable energy solutions in Europe. Extensive use of hydropower to generate electricity in the country is helping it lead green power adoption. Presence of leading green power companies and availability of government support and incentives are also helping Norway emerge as a leader in green power demand going forward.

Green Power Market in Germany

The demand for green power in Germany is slated to rise at an impressive pace over the coming years. Launch of new green power projects to increase renewable energy generation capacity are creating new opportunities. Ambitious "Energiewende" (energy transition) goals set by the government of Germany are also expected to boost green power demand. Efforts to sustainably improve energy security of the country are also slated to boost green power adoption.

  • As per data revealed by Bundesnetzagentur on their website, the renewable installed capacity in Germany increased by nearly 20 GW in 2024, totaling just under 190 GW—a year-on-year increase of 12%,

Is Investing in North America a Smart Move for Green power Providers?

Surge in demand for energy from different industry verticals is creating new business scope for green power providers. Growing electrification of transport and rising energy demand from data centers are also slated to boost green power adoption in this region. Boom in industrialization and infrastructure development in North America is also slated to create new moneymaking opportunities through 2032.

Green Power Market in United States

Surge in adoption of electric vehicles and growing number of data centers are boosting the demand for clean energy in the United States. Climate change and global warming concerns among end users are also promoting the use of green power technologies in the country. Solar energy is slated to be highly popular in most part of the United States through 2032.

Green Power Market in Canada

Increasing electrification of multiple industries across Canada are promoting the demand for green power solutions. High availability of multiple natural resources for renewable energy capacity expansion in the country are also slated to boost revenue generation. Emphasis on transition towards a clean and green economy is also estimated to open up new avenues of business for market players.

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Global Green Power Market size was valued at USD 59.21 Billion in 2023 and is poised to grow from USD 66.9 Billion in 2024 to USD 159.82 Billion by 2032, growing at a CAGR of 11.5% during the forecast period (2025-2032).

Green power providers should focus on improving the efficiency of their offerings and reduce emissions to comply with modern environmental mandates. Use of cleaner fuels to operate green powers is also slated to be a major opportunity for companies looking to make a mark in the long run. Targeting developing countries such as India, China, and Brazil is slated to be a key strategy for all companies as per this global green power market forecast. 'Trina Solar', 'First Solar', 'Canadian Solar', 'ABB', 'GE', 'Tata Power Solar Systems Limited', 'Innergex', 'Enel Green Power', 'Xcel Energy', 'EDF', 'Geronimo Energy', 'Invenergy LLC', 'ACCIONA', 'Vestas', 'UpWind Solutions Inc.', 'Senvion', 'Sinovel Wind Group Co. Ltd.'

Climate change has emerged as a major threat to the existence of the world. Renewable energy sources like wind, solar, and hydro emit little to no carbon, making them essential for meeting international agreements like the Paris Climate Accord. Corporations and governments are setting net-zero targets, leading to greater green energy procurement and a positive global green power market outlook.

Signing of New Corporate Power Purchase Agreements (PPAs): Corporations across tech, retail, and manufacturing sectors are increasingly signing long-term PPAs to source green electricity directly from renewable energy developers. Launch of ambitious net zero emission goals by corporations and their efforts to reduce emissions are making power purchase agreements a prominent global green power market trend for the future.

Why Should Green Power Companies Invest in Asia Pacific?

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Global Green Power Market
Green Power Market

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