Solar Power, Wind Power & Renewable Energy Industry Market Research

Competitive Intelligence, Business Analysis, Forecasts, Market Size, Trends, Companies, Statistics

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Solar Power, Wind Power & Renewable Energy OVERVIEW

The renewable energy sector is undergoing transformative growth, driven by technological advancements, policy incentives, and global commitments to sustainability.  Solar, wind and other renewables are leading this green revolution.  Here's a concise overview of the most critical trends shaping the industry:
1. Solar Power: A Surge in Innovation and Deployment
Solar energy has seen remarkable advancements in efficiency and cost reduction.  Global installed photovoltaic (PV) capacity has skyrocketed from 41 GW in 2010 to over 1,400 GW in 2023.  Technological innovations, such as perovskite-based solar cells and hybrid silicon designs, are pushing efficiency boundaries while lowering costs.  Utility-scale solar farms and community solar projects are expanding rapidly, bolstered by government tax credits like the U.S. Inflation Reduction Act, which incentivizes domestic manufacturing and installation.
2. Wind Power: Scaling New Heights
Wind energy, particularly offshore, is scaling up.  Advanced turbine technology has increased capacity and efficiency, reducing costs to as low as 3.3 cents per kilowatt-hour.  Globally, wind capacity reached 1,017 GW in 2023, with projections suggesting a climb to 3,000 GW by 2030.  Offshore wind farms, such as the $10 billion Formosa 3 project in Taiwan, exemplify the sector’s potential, despite challenges like high initial costs and permitting delays.
3. Battery Storage and Grid Resilience
Energy storage is critical to managing intermittent renewable sources like solar and wind.  Investments in battery technology and capacity expansion are surging, with the U.S. projected to reach 94 GWh of utility-scale storage by 2025.  Enhanced grid technologies, coupled with AI integration, are also improving energy distribution and optimizing renewable energy utilization.
4. Green Hydrogen: The Next Frontier
Green hydrogen, produced through renewable-powered electrolysis, is drawing significant investment as a versatile, clean energy source.  Projects like BP’s $30 billion Asian Renewable Energy Hub highlight its potential to decarbonize industries and provide long-term energy storage.  However, challenges remain, including production costs and storage complexities.
5. Emerging Technologies: Geothermal, Tidal, and Biomass
Geothermal energy is advancing with techniques like Enhanced Geothermal Systems (EGS) and SuperHot Rock (SHR) technologies, offering emission-free, reliable power.  Tidal energy, leveraging predictable ocean movements, is gaining traction with innovative designs like the Orbital O2 turbine.  Meanwhile, biomass energy, including waste-to-energy projects, is addressing landfill management while contributing to the energy mix.
6. Policy and Global Investment
Policies like the EU's renewable mandates and the U.S.'s Inflation Reduction Act are catalyzing investments.  Countries like China, India and Brazil are ramping up renewable infrastructure, with China leading in solar and hydropower capacity.
The renewable energy sector is evolving rapidly, with solar and wind power spearheading the transition.  Innovations in storage, sodium-ion batteries, green hydrogen and emerging technologies further amplify this growth.  While challenges like supply chain constraints and environmental trade-offs persist, the future of renewables is undeniably promising, aligning with global decarbonization goals.  The continued synergy between technology, policy, and investment will be key to realizing this sustainable vision.

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The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.


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PLUNKETT PROVIDES UNIQUE ANALYSIS OF THE FOLLOWING TRENDS THAT ARE DRIVING THIS INDUSTRY:

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A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Solar Power, Wind Power & Renewable Energy Industry. Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

  • Business trends analysis
  • In-depth industry overview
  • Technology trends analysis
  • Forecasts
  • Spending, investment, and consumption discussions
  • In-depth industry statistics and metrics

  • Industry employment numbers

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

  • U.S. and Global Firms
  • Publicly held, Private and Subsidiaries
  • Executive Contacts
  • Revenues

  • For Public Companies: Detailed Financial Summaries

  • Statistical Tables

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Solar Power, Wind Power & Renewable Energy Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Solar Power, Wind Power & Renewable Energy Industry

  1. Major Trends Affecting the Solar Power, Wind Power & Renewable Energy Industry

  2. Introduction

  3. Solar Installations Boom Due to Government Incentives, Tax Credits and Lower Costs

  4. Photovoltaic Technologies, Thin Film Solar and Solar Panel Efficiency

  5. Utility Scale Solar Power Plants

  6. Space Power

  7. Wind Power, Including Offshore

  8. Hydroelectric Power

  9. Geothermal Power

  10. Biomass, Waste-to-Energy, Waste Methane and Biofuels from Algae

  11. Ethanol Production Soared, But U.S. Federal Subsidy Expired

  12. Cellulosic Ethanol Makes Slow Commercial Progress

  13. Tidal Power

  14. Green Hydrogen Draws Major Investment and Development

  15. The 2022 Inflation Reduction Act Creates Massive Tax Credits in the U.S.

  16. Fuel Cell and Hydrogen Power Research Continues/Fuel Cell Cars Enter Market

  17. Electric Cars and Plug-in Hybrids (PHEVs) See Massive New Investments by Auto Makers

  18. Major Technology Research in Batteries/Massive Investments in Battery Factories and Power Storage

  19. Natural Gas-Powered Vehicles Gain in Popularity/Long Term Potential Is Bright Thanks to Low Shale Gas Prices

  20. Homes and Commercial Buildings Seek Green Certification

  21. Smart Electric Grid Technologies Are Adopted/Massive Utilities Investment Needed

  22. Grid Enhancements Are Vital to Power Artificial Intelligence (AI) and Distribute Renewable Energy

  23. Storage Battery Technologies and Installations Boom Worldwide

  24. Safer Nuclear Power Plants Under Construction in Many Nations

  25. Small Modular Reactors (SMRs) Will Power Artificial Intelligence (AI)

  26. Nuclear Fusion Technologies Might Create Unlimited, Emission-Free Power

  27. New Display Technologies with PLEDs

  28. Electric Utilities Adopt Coal Emissions Scrubbers While the Industry Tests Carbon Capture and Clean Coal Technologies

  29. Superconductivity Provides Advanced Electricity Distribution Technology

  30. The Future of Solar, Wind and Renewable Energy

Plunkett Research Provides In-Depth Tables for the Following Solar Power, Wind Power & Renewable Energy Industry Statistics

  1. Global Alternative Energy Industry Statistics and Market Size Overview

  2. U.S. Solar, Wind and Other Renewable Energy Industry Statistics and Market Size Overview

  3. Approximate Energy Unit Conversion Factors

  4. Biomass Energy Resource Hierarchy

  5. Comparison of Alternative Fuels with Gasoline & Diesel

  6. World Total Primary Energy Consumption by Region: 2018-2050

  7. Share of Electricity Generation by Energy Source, U.S.: Projections, 2022-2050

  8. Energy Consumption by Source & Sector, U.S.: 2023

  9. Primary Energy Flow by Source & Sector, U.S.: 2023

  10. Net Electrical Power Generation by Fuel Type, U.S.: 1990-August 2023

  11. Energy Production by Renewable Energy, U.S.: Selected Years, 1955-2023

  12. U.S. Renewable Energy Consumption by Energy Source, 2017 vs. 2023

  13. Fuel Ethanol Production & Consumption, U.S.: 1990 - 2023

  14. Biodiesel Production & Consumption, U.S.: 2002 - 2023

  15. Top 10 Countries by Installed Wind Generating Capacity: 2023

  16. Top 15 U.S. States by Installed Wind Generating Capacity: 1st Quarter 2024

  17. U.S. Department of Energy Funding for Science & Energy Programs: 2023-2025

  18. Federal R&D & R&D Plant Funding for Energy, U.S.: Fiscal Years 2023-2025

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This industry onlyPublication date: Jan 2025
ISBN-13: 978-1-64788-551-9
ISBN-13: 978-1-64788-059-0
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