Global Renewable Energy Forecasting Services Market Growth (Status and Outlook) 2025-2031

The global Renewable Energy Forecasting Services market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Renewable energy forecasting services are specialized solutions that provide accurate predictions of the electricity generation from renewable energy sources, such as wind, solar, hydro, and other renewable technologies. These services use advanced meteorological data, historical performance data, and predictive modeling techniques to forecast the expected output of renewable energy systems. The primary purpose of these forecasting services is to assist grid operators, utilities, and renewable energy project operators in effectively managing and integrating variable renewable energy sources into the power grid.

Key aspects of renewable energy forecasting services include:

Data Integration: These services integrate a wide range of data sources, including real-time weather data, historical energy production data, and data from renewable energy assets. This data is used to make accurate forecasts of renewable energy generation.

Meteorological Data: Accurate meteorological data, such as wind speed, solar radiation, temperature, and other weather-related parameters, is a fundamental component of renewable energy forecasting.

Short-Term and Long-Term Forecasting: These services offer forecasts at different time horizons, including short-term forecasts (hours or minutes ahead) and long-term forecasts (several days or weeks ahead).

Machine Learning and Models: Advanced forecasting models, machine learning algorithms, and statistical techniques are used to analyze historical data and predict future renewable energy generation.

Renewable energy forecasting services are vital for the efficient and reliable integration of renewable energy into the power grid. They help utilities, grid operators, and renewable energy project developers optimize their operations, improve grid reliability, and reduce greenhouse gas emissions by efficiently utilizing clean energy resources. Accurate forecasts are essential for planning and managing the dynamic nature of renewable energy generation.

United States market for Renewable Energy Forecasting Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Renewable Energy Forecasting Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Renewable Energy Forecasting Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Renewable Energy Forecasting Services players cover IBM, Vaisala, DTU Wind Energy, NREL, NRG Systems, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Renewable Energy Forecasting Services Industry Forecast” looks at past sales and reviews total world Renewable Energy Forecasting Services sales in 2024, providing a comprehensive analysis by region and market sector of projected Renewable Energy Forecasting Services sales for 2025 through 2031. With Renewable Energy Forecasting Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Renewable Energy Forecasting Services industry.

This Insight Report provides a comprehensive analysis of the global Renewable Energy Forecasting Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Renewable Energy Forecasting Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Renewable Energy Forecasting Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Renewable Energy Forecasting Services and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Renewable Energy Forecasting Services.

This report presents a comprehensive overview, market shares, and growth opportunities of Renewable Energy Forecasting Services market by product type, application, key players and key regions and countries.

Segmentation by Type:
Short-term Forecasts (A Few Hours Ahead)
Longer-term Forecasts (Several Days Ahead)

Segmentation by Application:
Energy Providers
Power Traders
Grid Operators

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Vaisala
DTU Wind Energy
NREL
NRG Systems
Reuniwatt
Deutscher Wetterdienst
AccuWeather
Weathernews
Aphelion
Energy Meteo Systems

Please note: The report will take approximately 2 business days to prepare and deliver.