Clean Energy Transition

Global Clean Energy Transition Market to Reach US$4.1 Trillion by 2030

The global market for Clean Energy Transition estimated at US$2.5 Trillion in the year 2024, is expected to reach US$4.1 Trillion by 2030, growing at a CAGR of 8.4% over the analysis period 2024-2030. Renewable Energy Transition, one of the segments analyzed in the report, is expected to record a 9.7% CAGR and reach US$1.9 Trillion by the end of the analysis period. Growth in the Energy Efficiency Transition segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$682.8 Billion While China is Forecast to Grow at 13.3% CAGR

The Clean Energy Transition market in the U.S. is estimated at US$682.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$890.4 Billion by the year 2030 trailing a CAGR of 13.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.2% and 8.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.

Global Clean Energy Transition – Key Trends & Drivers Summarized

Why Is the Clean Energy Transition Central to Climate Resilience, Economic Recovery, and Energy Security?
The global shift from fossil fuels to clean energy is no longer a policy ambition—it is an economic and environmental imperative. As nations face intensifying climate impacts, volatile fuel markets, and supply chain vulnerabilities, clean energy offers a pathway to decarbonize power generation, strengthen energy independence, and stimulate green industrial development. Renewable energy, electrification, and energy efficiency are being prioritized across policy frameworks, with over 140 countries now committed to net-zero emissions targets by mid-century.

This transition is also emerging as a catalyst for job creation, technology innovation, and infrastructure modernization. Governments are leveraging the clean energy shift to reboot post-pandemic economies through stimulus programs and green industrial policy. Multilateral institutions, financial regulators, and development banks are aligning investment flows with clean energy priorities, signaling a systemic transformation that goes beyond isolated project deployment to a comprehensive restructuring of energy systems and value chains.

How Are Renewable Energy Technologies Reshaping the Global Power Mix?
Solar photovoltaics, onshore and offshore wind, hydropower, and emerging technologies like green hydrogen and geothermal are displacing conventional coal and gas-based generation in power grids across regions. Advancements in energy storage, power electronics, and digital grid management are improving the flexibility and reliability of renewables, enabling them to scale in both centralized and distributed formats. Falling levelized costs of energy (LCOE) for wind and solar—now competitive or lower than fossil fuel alternatives in most markets—are accelerating adoption by utilities, corporates, and governments.

Clean energy procurement is also being driven by corporate sustainability targets, power purchase agreements (PPAs), and ESG-aligned investment mandates. As grid parity becomes the norm, renewables are no longer dependent on subsidies, and are instead becoming core pillars of national energy strategies. Hybrid renewable systems, battery-integrated solar farms, and multi-use energy parks are creating new operating models, while digital platforms are enhancing predictive maintenance, real-time monitoring, and energy yield optimization.

Which Regions and Sectors Are Leading the Clean Energy Transition?
Europe continues to lead in policy maturity, grid integration, and investment volume, propelled by the EU Green Deal, carbon pricing, and aggressive renewable targets. The U.S. is accelerating momentum through the Inflation Reduction Act, which unlocks large-scale tax incentives for clean power, electric vehicles, and energy storage. Asia-Pacific—particularly China and India—is expanding renewable capacity at scale while addressing challenges in transmission, curtailment, and coal phase-down pathways. Africa and Latin America are leveraging decentralized solar and mini-grids to expand access while pursuing climate finance for larger infrastructure.

Sector-wise, power generation remains the primary focus, but electrification is now expanding into transport, industry, and buildings. Electric vehicles, heat pumps, green steel, and low-carbon cement are moving from pilot stages to commercial adoption, requiring integrated energy planning and cross-sector coordination. Green hydrogen is gaining attention as a decarbonization lever for hard-to-abate sectors, with early projects in industrial hubs and export-oriented economies. Together, these developments reflect a broadening transition narrative that spans both horizontal (technology) and vertical (sectoral) dimensions.

What Are the Infrastructure, Policy, and Investment Bottlenecks Slowing Down Progress?
Despite rapid growth, clean energy deployment faces persistent structural barriers. Grid infrastructure is often outdated or insufficiently designed to accommodate high levels of variable renewable input. Permitting delays, land use constraints, and transmission bottlenecks slow project timelines and inflate costs. In emerging markets, lack of access to affordable capital, currency risk, and policy uncertainty remain key impediments to scaling investment and technology transfer.

Policy fragmentation, regulatory inconsistency, and weak carbon pricing frameworks continue to hinder investor confidence and long-term planning. Many countries still lack integrated energy transition roadmaps or fail to align energy, industrial, and climate policies. At the institutional level, capacity gaps in planning, implementation, and technical expertise pose challenges for developing regions. Accelerating the transition will require streamlined permitting processes, market redesign, targeted subsidies removal, and robust public-private coordination mechanisms.

Can the Clean Energy Transition Achieve Speed, Scale, and Social Equity Amid Competing Global Pressures?
While the clean energy transition is technically feasible and economically compelling, it must also be socially inclusive, geopolitically resilient, and synchronized across sectors. The global landscape is increasingly shaped by competing imperatives—energy affordability, supply security, industrial competitiveness, and climate urgency—each requiring careful balancing. The transition must deliver not just emissions reductions, but also equitable access, workforce reskilling, and regional development benefits.

Achieving this will demand coordinated multilateral action, massive investment mobilization, and transparent governance. The defining question is: Can the global clean energy transition maintain momentum and deliver on its triple mandate—climate stability, economic revitalization, and social justice—while navigating geopolitical fragmentation, supply chain volatility, and widening energy access gaps across developed and developing markets?

SCOPE OF STUDY:

The report analyzes the Clean Energy Transition market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Renewable Energy, Energy Efficiency, Electrification, Hydrogen, Other Types); End-Use (Industrial, Commercial, Residential, Utility)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• ABO Energy GmbH & Co. KGaA
• AES Corporation
• Bloom Energy Corporation
• Brookfield Renewable Partners
• Canadian Solar Inc.
• Constellation Energy Corporation
• EDF Renewables
• Enel Green Power S.p.A.
• ENGIE SA
• First Solar, Inc.
• Iberdrola, S.A.
• Invenergy LLC
• JinkoSolar Holding Co., Ltd.
• NextEra Energy, Inc.
• Ørsted A/S
• Plug Power Inc.
• Renewable Energy Systems Ltd.
• Scatec ASA
• Siemens Gamesa Renewable Energy
• Vestas Wind Systems A/S

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.