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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Renewable Energy Market Size
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 Report Snapshots
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.*
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Key Questions Answered in the Report
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.
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