The global renewable energy market is expected to continue its upward growth over the next years, reaching 1.1 trillion U.S. dollars by 2027. Environmental concerns regarding fossil fuels, rapid urbanization, and economic growth in emerging regions are all major factors that are contributing to the projected market growth.
Renewable energy market size worldwide in 2020, with a forecast for 2027
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
GlobeNewswire. (July 13, 2021). Renewable energy market size worldwide in 2020, with a forecast for 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 04, 2022, from https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/
GlobeNewswire. "Renewable energy market size worldwide in 2020, with a forecast for 2027 (in billion U.S. dollars)." Chart. July 13, 2021. Statista. Accessed July 04, 2022. https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/
GlobeNewswire. (2021). Renewable energy market size worldwide in 2020, with a forecast for 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 04, 2022. https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/
GlobeNewswire. "Renewable Energy Market Size Worldwide in 2020, with a Forecast for 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Jul 2021, https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/
GlobeNewswire, Renewable energy market size worldwide in 2020, with a forecast for 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1094309/renewable-energy-market-size-global/ (last visited July 04, 2022)
