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The renewable energy market in North America is supporting the growth of the global renewable energy market. Globally, more than 3058.36 gigawatts of renewable energy were installed in 2023. The global installations are expected to further grow at a CAGR of 7.6% between 2024 to 2032, which would aid the market in North America.
North America Renewable Energy Market Size
North America Renewable Energy Market Regional Analysis
North America Renewable Energy Market Growth
North America Renewable Energy Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 North America
7 Opportunities and Challenges in the Market
8 Global Renewable Energy Market Analysis
8.1 Key Industry Highlights
8.2 Global Renewable Energy Historical Market (2018-2023)
8.3 Global Renewable Energy Market Forecast (2024-2032)
8.4 Global Renewable Energy Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Renewable Energy Market Analysis
9.1 Key Industry Highlights
9.2 North America Renewable Energy Historical Market (2018-2023)
9.3 North America Renewable Energy Market Forecast (2024-2032)
9.4 North America Renewable Energy Market by Type
9.4.1 Hydropower
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Onshore Wind
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Solar
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.4 Bio Energy
9.4.4.1 Historical Trend (2018-2023)
9.4.4.2 Forecast Trend (2024-2032)
9.4.5 Others
9.5 North America Renewable Energy Market by Country
9.5.1 United States of America
9.5.2 Canada
10 Regional Analysis
10.1 United States of America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Market Breakup by Type
10.1.4 Electricity Generation by Fuel Source
10.2 Canada
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Market Breakup by Type
10.2.4 Electricity Generation by Fuel Source
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 NextEra Energy, Inc. (NYSE: NEE)
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Schneider Electric SE (EPA: SU)
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Swinerton Renewable Energy
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Signal Energy LLC
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 M. A. Mortenson Company
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Renewable Energy Market: Key Industry Highlights, 2018-2028
2. Global Renewable Energy Historical Market: Breakup by Type (Gigawatts), 2018-2023
3. Global Renewable Energy Historical Market: Breakup by Country, 2018-2023
4. North America Renewable Energy Market: Key Industry Highlights, 2018 and 2032
5. North America Renewable Energy Market Forecast: Breakup by Type (Gigawatts), 2024-2032
6. North America Renewable Energy Historical Market: Breakup by Country (Gigawatts), 2018-2023
7. North America Renewable Energy Market Forecast: Breakup by Country (Gigawatts), 2024-2032
8. United States Renewable Energy Market: Key Industry Highlights, 2018 and 2032
9. Unites States Renewable Energy Market Forecast: Breakup by Fuel Source (Gigawatts), 2024-2032
10. Canada Renewable Energy Market: Key Industry Highlights, 2018 and 2032
11. Canada Renewable Energy Market Forecast: Breakup by Fuel Source (Gigawatts), 2024-2032
12. North America Renewable Energy Market Structure
The North America renewable energy market is primarily supporting the global industry, in which nearly 3058.36 gigawatts of renewable energy was installed in 2023.
The market is projected to grow at a CAGR of 7.6% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period of 2024-2032 to reach about 7930.03 gigawatts by 2032.
The major drivers of the industry include rising disposable incomes, increasing population, growth in solar PV due to the lowering technology cost, and the rising alternative power capacity addition.
The adoption of solar power as a part of renewable portfolio targets (RPS) and Federal investment tax credit (ITC) is expected to be a key trend guiding the growth of the market.
The major countries in the North America market include the United States of America and Canada.
The leading types of renewable energy in the market are hydropower, onshore wind, solar, and bio energy, among others.
The leading players in the market are NextEra Energy, Inc, Schneider Electric, Swinerton Renewable Energy, Signal Energy LLC, and M. A. Mortenson Company, among others.
The North America renewable energy market is primarily supporting the global industry growth, in which nearly 3058.36 gigawatts of renewable energy was installed in 2023. Aided by the adoption of solar power as a part of renewable portfolio targets (RPS) and Federal investment tax credit (ITC), the global renewable energy installations is projected to grow at a CAGR of nearly 7.6% in the forecast period of 2024-2032 to reach 7930.03 gigawatts by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into hydropower, onshore wind, solar, and bio energy, among others. The major regional markets of renewable energy in North America are the United States of America and Canada. The key players in the above industry include NextEra Energy, Inc, Schneider Electric, Swinerton Renewable Energy, Signal Energy LLC, and M. A. Mortenson Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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