Green Power Market Size and Future Growth Prospects: Analysis to 2032

WESTFORD, Mass. - April 25, 2025 - PRLog -- The global green power market is experiencing a significant transformation as the world increasingly shifts towards renewable energy sources in response to environmental concerns, the need for sustainable energy solutions, and growing governmental support for clean energy initiatives. Green power, which includes energy generated from renewable sources such as solar, wind, hydropower, geothermal, and biomass, is playing a pivotal role in reshaping the energy landscape.

Market Size and Forecast

The green power market has witnessed robust growth in recent years, driven by an accelerated transition from fossil fuels to cleaner energy alternatives. As governments and industries ramp up efforts to meet climate goals, the global green power market is poised for continued expansion. The green power market was valued at 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).

The transition towards green energy is being further bolstered by the increasing availability of cost-effective renewable technologies, falling prices for solar and wind power infrastructure, and growing public awareness of climate change. These factors are expected to fuel the demand for green power and lead to an increase in both investment and innovation within the sector.

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Top Player's Company Profiles

1. Trina Solar
2. First Solar
3. Canadian Solar
4. ABB
5. GE
6. Tata Power Solar Systems Limited
7. Innergex
8. Enel Green Power
9. Xcel Energy
10. EDF
11. Geronimo Energy
12. Invenergy LLC
13. ACCIONA
14. Vestas
15. UpWind Solutions Inc.
16. Senvion
17. Sinovel Wind Group Co. Ltd.

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The green power market is expected to continue its upward trajectory over the next decade, driven by technological innovation, supportive policies, and growing demand for sustainable energy solutions. By 2032, green power will be an integral component of the global energy mix, providing cleaner, more reliable energy while contributing to climate change mitigation efforts. As challenges related to intermittency and infrastructure are overcome, the market's growth will accelerate, opening new opportunities for businesses, consumers, and governments alike. The shift toward renewable energy is not just an economic opportunity, but a vital step in ensuring a sustainable and resilient energy future for generations to come.