In North America, renewable power generation has shown impressive growth over the past decade, reaching 8.7 Exajoules in 2023. From 2013 to 2023, the annual values illustrate a consistent upward trend with a CAGR of 11.19%, marking a robust expansion. From 2021 to 2023, the year-on-year increase was 11.46% and 13.03%, respectively, reflecting strong momentum in recent years.
Looking ahead, the forecast indicates continued growth, with renewable power generation expected to reach 13.11 Exajoules by 2028. The five-year CAGR from 2024 to 2028 is projected at 6.45%, with an overall growth rate of 36.68%. Future trends include advancements in technology, policy support, and investments in renewable infrastructure, which will likely drive further growth in this sector.
Latest reports
US Renewable Energy Market Report- Q4 2024
The US renewable energy sector continued to exhibit robust growth in the fourth quarter of 2024, propelled by significant advancements and strategic investments...
China Renewable Energy Market Report- Q4 2024
The fourth quarter of 2024 marked a significant period for the renewable energy sector in China, characterized by substantial advancements in solar and...
Japan Renewable Energy Market Report- Q4 2024
In the fourth quarter of 2024, Japan's renewable energy market experienced significant growth, primarily driven by robust government policies and technological advancements across...
Germany Renewable Energy Market Report- Q4 2024
The fourth quarter of 2024 has been a transformative period for Germany's renewable energy market, marked by dynamic shifts in energy production, strategic...
India Renewable Energy Market Report- Q4 2024
In the fourth quarter of 2024, India's renewable energy market continued to demonstrate robust growth and dynamic developments across various segments, reflecting the...
UK Renewable Energy Market Report- Q4 2024
The UK renewable energy sector in Q4 2024 showcased significant advancements and challenges, reflecting its crucial role in the country's energy transition. This...
Canada Renewable Energy Market Report- Q4 2024
The Canadian renewable energy market in Q4 2024 continues to exhibit remarkable growth and resilience, driven by strategic investments, technological innovations, and supportive...
Brazil Renewable Energy Market Report- Q4 2024
The renewable energy market in Brazil continues to experience dynamic growth, driven by advancements in solar and wind energy sectors. In Q4 2024,...
Italy Renewable Energy Market Report- Q4 2024
The fourth quarter of 2024 saw significant developments in Italy's renewable energy landscape, marked by strategic investments, technological advancements, and increased international interest....
South Korea Renewable Energy Market Report- Q1 2025
In the first quarter of 2025, South Korea's Renewable Energy sector experienced significant advancements and challenges, reflecting broader economic and geopolitical dynamics. The...
