Us Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers the US Renewable Energy Market Trends and Companies. The Market is Segmented Into Source (Wind, Solar, Hydropower, Bioenergy, and Other Sources [Geothermal and Renewable Municipal Waste]). The Market Size and Forecasts are Provided for Renewable Energy in Installed Capacity (GW) for all the Above Segments.

Us Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

United States Renewable Energy Market Size

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United States Renewable Energy Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 480.08 gigawatt
Market Volume (2030) 790.19 gigawatt
CAGR 10.48 %
Market Concentration Medium

Major Players

United States Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of United States Renewable Energy Market with other markets in Energy & Power Industry

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United States Renewable Energy Market Analysis

The United States Renewable Energy Market size in terms of installed base is expected to grow from 480.08 gigawatt in 2025 to 790.19 gigawatt by 2030, at a CAGR of 10.48% during the forecast period (2025-2030).

  • Over the medium term, factors such as increasing solar and wind energy installations, supportive government policies, declining solar panel costs, and additional subsidies on renewables are expected to drive the renewable energy market during the forecast period.
  • On the other hand, factors like a booming natural gas market competing with renewable energy and the limited energy supply from variable renewable energy sources are a few factors expected to restrain the US renewable energy market during the forecast period.
  • Nevertheless, the US government announced a framework to invest USD 555 billion in funding for clean energy programs. This is expected to be an opportunity for the country's renewable energy market.

United States Renewable Energy Industry Overview

The US renewable energy market is fragmented. Some of the major players in the market (in no particular order) include Vestas Wind Systems AS, Siemens Gamesa Renewable Energy SA, General Electric Company, First Solar Inc., and Sunrun Inc.

United States Renewable Energy Market Leaders

  1. Vestas Wind Systems A/S

  2. Siemens Gamesa Renewable Energy S.A.

  3. First Solar Inc.

  4. Sunrun Inc.

  5. General Electric Company

  6. *Disclaimer: Major Players sorted in no particular order
United States Renewable Energy Market Concentration
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United States Renewable Energy Market News

  • November 2023: The Biden-Harris administration authorized the Empire Wind offshore wind project, marking President Biden's sixth approval of a large-scale offshore wind energy project. This decision aligns with the administration's objective of installing 30 GW offshore wind energy capacity by 2030.
  • November 2023: The US Department of Energy (DOE) announced the Puerto Rico Energy Resilience Fund (PR-ERF), which will provide up to USD 453.5 million to increase residential rooftop solar PV and battery storage installations across the region, with a focus on reaching and supporting Puerto Rico's most vulnerable residents. This round of funding will support consumer protection and education initiatives to support the long-term use of solar systems by residents, as well as a Solar Ambassador Prize for community groups to assist the Department in identifying and connecting with eligible households, thereby assisting Puerto Rico and President Biden in meeting their goals of lowering energy costs through a resilient grid powered by 100% renewable energy.

US Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumption

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Installed Capacity and Forecast in GW, till 2029
  • 4.3 Renewable Energy Mix, United States, 2023
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.1.1 Supportive Government Policies and Incentives
    • 4.6.1.2 Environmental Concerns
    • 4.6.2 Restraints
    • 4.6.2.1 Fossil Fuel Subsidies
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION - BY SOURCE

  • 5.1 Wind
  • 5.2 Solar
  • 5.3 Hydropower
  • 5.4 Bioenergy
  • 5.5 Other Sources (Geothermal and Renewable Municipal Waste)

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 General Electric Company
    • 6.3.2 First Solar Inc.
    • 6.3.3 Sunrun Inc.
    • 6.3.4 NextEra Energy Inc.
    • 6.3.5 Vestas Wind Systems AS
    • 6.3.6 Mitsubishi Heavy Industries Ltd
    • 6.3.7 Siemens Gamesa Renewable Energy SA
    • 6.3.8 Canadian Solar Inc
    • 6.3.9 Trina Solar Co. Ltd
    • 6.3.10 JinkoSolar Holding Co. Ltd
  • *List Not Exhaustive
  • 6.4 Market Ranking/Share(%) Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Integration of Energy Storage Technologies
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United States Renewable Energy Industry Segmentation

Renewable energy refers to energy derived from naturally replenishing sources that are virtually inexhaustible and have minimal environmental impact. Unlike finite fossil fuels, which contribute to climate change and pollution, renewable energy sources can be sustainably harnessed to meet the world's energy needs.

The US renewable energy market is segmented into source. By source, the market is segmented into wind, solar, hydropower, bioenergy, and other sources.

For each segment, the market sizing and forecasts have been done based on installed capacity (GW).

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US Renewable Energy Market Research FAQs

How big is the United States Renewable Energy Market?

The United States Renewable Energy Market size is expected to reach 480.08 gigawatt in 2025 and grow at a CAGR of 10.48% to reach 790.19 gigawatt by 2030.

What is the current United States Renewable Energy Market size?

In 2025, the United States Renewable Energy Market size is expected to reach 480.08 gigawatt.

Who are the key players in United States Renewable Energy Market?

Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy S.A., First Solar Inc., Sunrun Inc. and General Electric Company are the major companies operating in the United States Renewable Energy Market.

What years does this United States Renewable Energy Market cover, and what was the market size in 2024?

In 2024, the United States Renewable Energy Market size was estimated at 429.77 gigawatt. The report covers the United States Renewable Energy Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

US Renewable Energy Industry Report

The US Renewable Energy Market is poised for significant growth, driven by supportive government policies and initiatives aimed at increasing electricity demand from renewable sources such as wind, hydropower, solar, biomass, and geothermal energy. The market is segmented by type, including solar, wind, biofuel, hydropower, and others, with the solar segment expected to hold a key share due to the rising number of solar projects. The market caters to various end users, including industrial, residential, and commercial sectors.

Key factors contributing to market growth include increasing solar and wind energy installations, declining solar panel costs, and additional subsidies on renewables. However, challenges such as the booming natural gas market and the limited energy supply from variable renewable energy sources may impact market expansion.

The industry analysis reveals that the market growth is supported by industry statistics and industry trends. The industry outlook remains positive, with market data indicating a promising future. The market forecast suggests continued growth, driven by market leaders and their strategic initiatives. The market overview highlights the current state of the market, while market segmentation provides insights into different market segments.

Industry reports and market reports offer detailed insights into the market structure and market value. Research companies contribute to industry research, providing valuable industry information and industry size estimates. The market predictions and market review suggest a robust market outlook, with market growth driven by various factors.

The report example and report pdf provide comprehensive data, enabling stakeholders to make informed decisions. The industry trends and industry statistics underscore the dynamic nature of the market, while the industry size and market value reflect the market's economic significance. The market leaders continue to play a pivotal role in shaping the market's future, supported by industry reports and market data.

In conclusion, the US Renewable Energy Market is set for substantial growth, driven by supportive policies, technological advancements, and increasing demand for renewable energy sources. The industry analysis and market forecast indicate a positive trajectory, with market leaders and research companies playing a crucial role in driving market growth. The market overview and market segmentation provide a detailed understanding of the market, while the report example and report pdf offer valuable insights for stakeholders.