Renewable Energy Market Reached USD 19.5 Billion in 2023 & is Projected to Grow at CAGR of 7.90% by 2030

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The Global Renewable Energy Market size was valued at around USD 995.28 billion in 2023 and would grow at a CAGR of around 8.96% during the forecast period, i.e., 2024-30.

The Global Renewable Energy Market size was valued at around USD 995.28 billion in 2023 and would grow at a CAGR of around 8.96% during 2024-30.

NEW HAVEN, CONNECTICUT, USA, July 17, 2024 /EINPresswire.com/ — The Global Renewable Energy Market size reached USD 995.28 billion in 2023. MarkNtel Advisors expects a growth rate (CAGR) of around 8.96% from 2024-2030.

Aspects Affecting the Growth Scale of the Renewable Energy Market

• Growing Energy Security Concerns – Energy dependency is becoming a crucial threat to the economy of the country. As conventional energy sources become limited in several parts across the globe, there is a disturbance in the balance of income & power between the countries, hence…

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