As worries about climate change and pollution levels continue to grow, the worldwide renewable energy market size is expected to value around US$1.9 trillion by 2030, with a compound annual growth rate of 8.6% from 2022 to 2030, according to Precedence Research.
In 2021, the global renewable energy market size was estimated to worth US$952.16 billion, driven by the increased government and corporate investments in the adoption and deployment of renewable energy. Furthermore, the lower cost of renewable energy driven down by substantial technological developments is also boosting demand for renewable energy sources.
