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Global renewable energy market outlook 2017-2025

The renewable energy market is projected to reach 2.15 trillion U.S. dollars worldwide in 2025. The growth in the renewable energy market has seen the propensity for non-renewable energy sources, such as coal, subsiding and the demand for renewable sources rising as long-term cost-effectiveness becomes increasingly feasible. Renewable sources like wind and solar have reached price parity along the electricity grid and are getting ever closer to reaching the performance potential of conventional sources. Increased use of technological advancements like automation, artificial intelligence, and blockchain will also increase renewable capacity deployment by decreasing costs and easing the integration of new energy infrastructure.

Clean energy investment

Clean energy investment has also generally risen in the past decade. Lower investment figures during this time are usually due to the reduction in project development costs. Investors focusing on long-term investments over short-term will also drive these investment trends. It is estimated that clean energy investment must accelerate to a faster pace in order to reduce emissions to levels recommended by the United Nations Intergovernmental Panel on Climate Change (IPCC).

Projected renewable energy market size worldwide in 2017 and 2025 (in billion U.S. dollars)*

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Sources

Release date

September 2018

Region

Worldwide

Survey time period

2017

Supplementary notes

* Figure for 2017 is historic. Projection for 2025 is based on a CAGR of 4.9 percent from 2017 to 2025.

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Statistics on "Renewable energy in the United States"

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