Clean and renewable energy market seen topping $1.1 trillion by 2030

The global clean and renewable energy market is projected to grow from $425.22 billion in 2025 to $1.1 trillion by 2030, driven by cheaper solar and wind power, policy support and rising corporate demand. Asia-Pacific led the market in 2025 as investment in clean energy and related infrastructure continues to expand worldwide. Why it matters: - The clean and renewable energy market is moving from a fast-growth niche to a much larger part of the global energy system. - The projected jump to $1,101.8 billion by 2030 signals rising demand for low-emission power, grid infrastructure and related technologies. - The market’s growth is tied to climate policy, corporate procurement and electrification across transport, industry and rural communities. What happened: - The Business Research Company released its Clean and Renewable Energy Market Report 2026 covering market size, trends and global forecasts for 2026-2035. - The report says the market will rise from $425.22 billion in 2025 to $515.85 billion in 2026. - The report projects a 21.3% CAGR from 2025 to 2026. - The report forecasts the market will reach $1,101.8 billion by 2030 at a 20.9% CAGR. - Asia-Pacific was the largest regional market in 2025. The details: - Falling solar and wind costs helped drive near-term growth. - Government incentives, including subsidies and feed-in tariffs, also supported expansion. - Stronger commitments to cut emissions boosted investment in clean power. - Large-scale renewable projects and rural electrification programs added demand. - Long-term growth is expected to come from clean energy use in transportation. - The report points to renewable-powered desalination plants as another growth area. - Integrated renewable heating and cooling systems are also expected to expand. - Hydrogen and ocean energy technologies are listed as emerging contributors. - Corporate commitments to buy renewable power are expected to support demand. - The report highlights growth in renewable microgrids, hybrid renewable systems and large-scale energy storage. - Community-based renewable initiatives and decentralized rural electrification projects are also expected to expand. - Clean and renewable energy in the report includes solar, wind, hydro, geothermal, hydrogen and tidal energy. - The market report covers South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa in addition to Asia-Pacific. - The report includes a free sample and the full market report . Between the lines: - The forecast reflects a market still benefiting from policy support, but increasingly shaped by infrastructure buildout and end-use demand. - The emphasis on storage, microgrids and decentralized electrification suggests clean energy growth is spreading beyond utility-scale generation. - Investment data from the International Energy Agency underscores how capital flowing into energy systems is moving toward lower-carbon assets. - The IEA said global energy investments reached $1,740 billion in 2023, up from $1,617 billion in 2022. - The IEA expects about $2.8 trillion to be invested in energy this year, with more than $1.7 trillion directed to clean energy projects. - Those projects include renewable power generation, nuclear energy, grid infrastructure, energy storage, low-emission fuels, efficiency improvements, end-use renewables and electrification. What’s next: - The report expects the market to keep expanding through 2030 as transportation, desalination, heating and cooling, hydrogen and ocean energy use cases scale up. - The next phase of growth will likely depend on how quickly storage, microgrids and grid upgrades can support broader renewable adoption. - The 2026 report edition adds market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, and updated technology and trend analysis.