North America Renewable Energy Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2025-2034)

The United States to Lead the Regional Market for Renewable Energy

North America is among the leading countries having sustainable energy technologies and infrastructure. The North America renewable energy market is being driven by the increasing growth in solar PV due to the lowering technology cost in the past few years. The United States is a significant market in the industry globally. The United States is focusing on increasing its contribution to the global renewable energy market by up to 30% by the year 2026. The country’s electricity market is currently primarily fuelled by fossil fuels. Other markets in the region, such as Canada, are also growing at a steady pace due to increased capacity in the wind and solar power technologies.

Within North America, the United States is likely to lead the market for renewable energy due to various factors, like the rising demand for sustainable energy sources and the availability of vast energy resources. The United States renewable energy market is among the fastest-growing markets. In 2019, the installed renewable energy capacity in the United States was nearly 264504 megawatts. The United States possesses a wide range of offshore wind energy sources capable of exhibiting the power of more than 2000 gigawatts, which is almost as much as twice the current electricity consumption in the country. Such potential is likely to boost the opportunities to offer clean and supportive electricity at a large scale, sufficient to meet the needs of the leading nation in the future as well. The country has also promised to increase its renewable energy installation and meet a specific target by 2025, likely to drive the market growth faster. The rising renewable energy market in the region also creates significant job opportunities for the population of the country. More than 250,000 people in the nation have been employed in the sector so far, and it has also significantly fastened up the job creation rate in the country. The employment rate is likely to grow further with the growth of the sector in the coming years, adding significantly to the North America renewable energy market.

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