The renewable energy market outlook 2025 reflects how the growing concern around global warming is impacting the energy market.
Industries that use large amounts of energy are switching to renewable sources like green hydrogen, wind energy, solar energy, tidal energy, etc.
Developments in energy storage, energy production, and energy distribution techniques are ensuring more availability of renewable sources of energy.
This report covers the current scenario of employment, investment, and startups. It also highlights the impact of major trends like bioenergy, hydropower plants, and wind farms on the renewable energy sector.
Executive Summary: Renewable Energy Market Outlook 2025
- Industry Growth Overview: The renewable energy domain is growing at a rate of 3.5% per year. The global renewable energy market size is set to be worth USD 1.74 billion in 2025 and will reach USD 7.28 billion by 2034. The CAGR during this period is predicted to be 17.23%. There are 145 000+ companies and 8100+ startups working in this field.
- Manpower and Employment Pattern: The renewable energy sector employs 14.9 million people currently and 725 400+ people joined last year.
- Global Footprint: Countries with the highest amount of activities in the renewable energy sector include the United States, the United Kingdom, India, Germany, and Spain. At the city level, London, New York City, Sydney, Melbourne, and Houston witness maximum activities of the sector.
- Grants and Patents: More than 123 000 applicants filed over 961 500 patents. Additionally, the sector received significant support from the government, evidenced by 21 000+ grants.
- Investment Landscape: The companies in the renewable energy sector held over 53 400 funding rounds, which supported more than 15 800 companies. Over 25 400 investors participated in the funding rounds, which raised an average of USD 80.5 million per round.
- Top Investors: Investors like the European Investment Bank, Goldman Sachs, Societe Generale, and more make a total investment of more than USD 80 billion in the renewable energy sector.
- Startup Environment: Emerging startups like Renewabl (Temporal Matching of Renewable Energy ), pvX (Solar Power Plant Design Software), SoCo Wind (Wind Turbine Blade Monitoring), Hephae Energy Technology (Hot Rock Drilling System), Tocardo (Advanced Hydro-turbines ) represent the current developments in the renewable energy sector.
What Data is Used to Create This Renewable Energy Market Report?
- News Coverage and Publications: The public interest in the sector and its continuous development is evident in the 57 100+ articles published by media sources last year.
- Funding Rounds: The companies in the sector held more than 53 400 fundraising rounds for supporting innovations in the domain.
- Manpower: Currently, 14.9 million people are working in the sector. Additionally, our database records over 725 400 new workers joining the renewable energy sector in the last year.
- Patents: Participants from renewable energy companies submitted over 961 500 patents.
- Grants: The government issued more than 21 000 grants to promote research and development in the renewable energy sector.
- Yearly Global Search Growth: Over the past year, there has been a 10.72% increase in global search interest in the renewable energy field.
Methodology: How We Created This Renewable Energy Report
This report is based on proprietary data from our AI-powered StartUs Insights Discovery Platform, which tracks 25 million companies and 20 000 technologies and trends globally, including detailed insights on approximately 5 million startups, scaleups, and tech companies. Leveraging this extensive database, we provide actionable insights on emerging technologies and market trends.
For this report, we focused on the evolution of renewable energy over the past 5 years, utilizing our platform’s trend intelligence feature. Key data points analyzed include:
- Total Companies working on the trend
- News Coverage and Annual Growth
- Market Maturity and Patents
- Global Search Volume & Growth
- Funding Activity and Top Countries
- Subtrends within renewable energy
Our data is refreshed regularly, enabling trend comparisons for deeper insights into their relative impact and importance.
Additionally, we reviewed external resources to supplement our findings with broader market data and predictions, ensuring a reliable and comprehensive overview of the renewable energy market.
Explore the Data-driven Renewable Energy Market Report for 2025
Approximately, one-seventh of the world’s energy requirement is fulfilled by renewable energy. Furthermore, solar photovoltaic (PV) capacity is set to double from 9029 TWh in 2023 to 17 577 TWh in 2030.
There are 8100+ startups and 145 000+ companies in the renewable energy sector. Additionally, the domain is growing at an annual rate of 3.5%.
Over 961 500 patents and 21 000+ grants for this field further support the development of the renewable energy sector.
Credit: Precedence Research
The global renewable energy market size is set to be worth USD 1.74 billion in 2025 and will reach USD 7.28 billion by 2034. The CAGR during this period is predicted to be 17.23%.
The Asia Pacific renewable energy market size is set to grow from USD 6 million in 2024 to USD 2.96 million by 2034, rising at a CAGR of 17.26% from 2025 to 2034.
Currently, 14.9 million people are working in the renewable energy sector. Additionally, 725 400+ people joined last year.
The United States, the United Kingdom, India, Germany, and Spain are the top countries with the highest activities in the renewable energy sector.
At the city level, London, New York City, Sydney, Melbourne, and Houston are at the forefront of breakthroughs in the field. These locations are home to important industry leaders, attract talent, and encourage innovation.
A Snapshot of the Global Renewable Energy Market
With companies working on new innovations in the renewable energy sector, it is growing at an annual rate of 3.5%. Solar PV and wind power account for 95% of capacity growth, with solar expected to contribute 80% of new capacity by 2030.
Currently, 8100+ startups are working in the renewable energy domain. Furthermore, 4300+ startups are in the early stage and 7500 more are in the merger and acquisition stage.
There are 961 500+ patents filed by over 123 000 applicants in the field. Patent activity is further growing at a rate of 6.01% every year.
China is leading in patent issuance with 370 200+ patents and the United States is following with 151 800+ patents.
Explore the Funding Landscape of the Renewable Energy Market
The funding rounds held by the renewable energy companies raise an average sum of USD 80.5 million, which supports 15 800+ companies. More than 25 400 investors take part in 53 400+ funding rounds. These diverse investments assist in major technological advancements and build a supportive ecosystem for newer startups.
Who is Investing in the Renewable Energy Market?
Top investors invested USD 88 billion for research and development in the renewable energy sector.
- The European Investment Bank invested USD 23.5 billion in 99 companies. EIB along with Natgury decided on a USD 1.25 billion loan to develop solar energy and onshore wind projects.
- Goldman Sachs contributed USD 9.4 billion to 43 companies. It also invested USD 440 million BrightNight Renewable Platform.
- Societe Generale invested USD 8 billion in 40 companies.
- Rabobank distributed USD 7.5 billion among 49 companies.
- The US Department of Energy spent USD 7.3 billion on 64 companies.
- Deutsche Bank invested USD 7 billion in 37 companies. It also partnered with Intera Renewables on a USD 258 million project financing deal.
- BNP Paribas contributed USD 6.6 billion to 64 companies.
- GIC spent USD 6.6 billion on 28 companies. InterContinental Energy (ICE) received a strategic investment from GIC back in 2022.
- Blackrock invested USD 6.4 billion in 47 companies. It also committed USD 500 million to energy storage and solar project developer Recurrent Energy.
- KKR invested USD 5.7 billion in 33 companies. It also invested USD 650 million in Serentica Renewables, with an initial USD 400 million in 2022 and an additional USD 250 million in 2023.
Top Renewable Energy Innovations & Trends with the Discovery Platform
Discover the emerging trends in the renewable energy market along with their firmographic details:
- Bioenergy sector employs 157 000+ people currently and added 7400+ people in the last year. 1700+ companies are working towards innovating bioenergy production, storage, and applications. Additionally, the sector is growing at a rate of 12.73% annually. The latest methods of bioenergy production include cellulosic ethanol production using non-food biomass sources, hydrothermal liquefaction, anaerobic digestion, advanced membrane technology, etc.
- The Hydropower Plant sector has 1500+ companies working in it. The companies employ 388 600+ people currently and 11 000 more people joined the field last year. The sector is growing at a rate of 9.87% per year. Innovative turbine designs, digitization, smart systems, and aquatic life-friendly technologies are forming the base of current developments in the hydropower plant sector.
- The Wind Farm sector is growing at a rate of -0.54% annually. Currently, 866 200+ people are employed in 4600 companies functioning in the wind farm sector. Last year, 35 900+ people joined the workforce. Recent projects in the wind farm field are focusing on increasing power generation capacity, incorporating floating onshore wind farms, and developing vortex turbines for low-speed flows.
5 Top Examples from 8100+ Innovative Renewable Energy Startups
The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Book a demo to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.
Renewabl offers Temporal Matching of Renewable Energy
UK-based startup Renewabl builds platforms for the transition to renewable energy, which includes assessment, planning, goal setting, reporting, procuring, and hitting targets.
The Track platform manages all clean energy data. It gathers contracts and represents data with intuitive charts. It also tracks carbon-free energy scores and development towards a net zero journey with hourly specifications. The platform additionally generates reports following CDP and SBTi standards.
The Trade platform simplifies the renewable energy procurement process and assists the users in running tender competitions and gaining time-stamped clean energy certificates.
It reduces operational costs, eliminates over-procurement, and provides traceability and verification. It is suitable for sustainability leaders in industries like manufacturing, automotive, and retail, along with data centers for renewable energy procurement and transition.
pvX develops Solar Power Plant Design Software
Turkish startup pvX provides a SaaS platform for designing and implementing solar photovoltaic (PV) design. The platform performs earthwork analysis of the terrain and provides power and production calculations, which decide suitable land for PV. It also evaluates the excavation, provides accurate pricing, and generates a balance of systems (BoS).
The startup’s platform utilizes advanced tools and automated processes to simplify engineering workflow and decrease errors or delays. Engineers, EPC companies, and project developers use the software to automate and accelerate the PV plant designing process.
SoCo Wind provides Wind Turbine Blade Monitoring
Spanish startup SoCo Wind offers a system for real-time monitoring of wind turbine blades called Blade Artificial Intelligence Monitoring System (BAIMS). It is an AI-based condition monitoring SaaS system that sends critical information directly to the control room and provides instant identification of failures.
BAIMS includes sensors installed on the inside of the blade near the flange. The sensors use wireless connections and assist with signal preprocessing and feature extraction. The AI engine runs multiple simulations to train a multi-layer neural network that predicts the cross-sectional fatigue of the blades.
The system performs autonomously on the servers or the sites. The system also forecasts the blade lifetime, improves maintenance planning, reduces maintenance costs and downtime, and allows swift intervention.
Hephae Energy Technology develops Hot Rock Drilling System
US-based startup Hephae Energy Technology builds a geothermal drilling system Pandora210. It supports high-temperature limits of electronics and sensor technology to ensure uninterrupted exploitation of geothermal energy.
The drilling system features 210 degrees celsius operating temperature, integrated measurement while drilling (MWD) and RSS electronics, a short low-cost collar, and site service.
The Pandora210 circuit boards combine a Sonde-based approach with Hephae’s unique board design. This allows for sufficient cooling during operations.
The inbuilt temperature resistance further allows reduced staging into the hole. The drilling system ensures better energy recovery, decreased nonproductive time (NPT) in high-temperature drilling, repairs, and maintenance (R&M) in remote locations, and more.
Tocardo builds Advanced Hydro-Turbines
Dutch startup Tocardo makes hydro turbines for harnessing ocean energy from tidal streams. Its products include T-1, a small-sized tidal turbine, T-2, a medium-sized tidal turbine, and T-2si, a large-sized tidal turbine.
The variable speed, direct drive, and horizontal axis turbines come with a passive pitch mechanism, which does not require hydraulic or electric support.
The passive pitch mechanism along with a direct drive generator ensures the turbine operates in a large bandwidth of water speeds.
The turbines last long with minimal maintenance. Further, the Hydrowing, a lightweight, modular platform, containing lightweight modular components and wet mate connectors assists in completing offshore construction.
The startup also builds the Subhub Tidal platform, which is a submersible, seabed-mounted, gravity-based platform for the maintenance of tidal turbines and increasing the yield from the tidal site. The processes are monitored remotely using the Subsea Manifold, which carries all mechanical and electrical control equipment.
Gain Comprehensive Insights into Renewable Energy Trends, Startups, or Technologies
The renewable energy report represents the impact of the current investment, employment, and startup landscape on the sector.
It also covers how major trends like bioenergy, hydropower plants, and wind farms are contributing towards creating more eco-friendly energy options.
Get in touch to explore all 8100+ renewable energy startups and scaleups, as well as all market trends impacting Renewable Energy companies.
