IMARC Group has recently released a new research study titled “US Renewable Energy Market Report by Type (Hydro Power, Wind Power, Solar Power, Bioenergy, and Others), End User (Industrial, Residential, Commercial), and Region 2025-2033,” which offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
United States Renewable Energy Market Overview
US renewable energy market size reached USD 237.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 549.7 Billion by 2033, exhibiting a growth rate (CAGR) of 9.79% during 2025-2033.
Market Size and Growth
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 237.2 Billion
Market Forecast in 2033: USD 549.7 Billion
Market Growth Rate 2025-2033: 9.79%
Request for a sample copy of the report: https://www.imarcgroup.com/united-states-renewable-energy-market/requestsample
Key Market Highlights:
✔️ Strong market expansion fueled by federal tax incentives and clean energy policies
✔️ Rapid growth in solar and wind capacity driven by technological advancements and cost reductions
✔️ Rising corporate and consumer demand for sustainable and low-carbon energy sources
United States Renewable Energy Market Trends
U.S. Renewable Energy Market Witnesses Historic Expansion Across Sectors
In 2024, the United States renewable energy market experienced unprecedented growth, largely fueled by the Inflation Reduction Act's extended tax incentives. Utility-scale solar saw a sharp rise, with 48.7 GW of new capacity installed—enough to supply 13 million homes—according to the Solar Energy Industries Association. Leading firms like NextEra Energy deployed 14 GW of bifacial solar paired with Tesla’s 8-hour battery systems across ERCOT, reducing energy curtailment by 98% and enhancing grid reliability.
Policy-Driven Transmission and Industrial Integration
Federal policy reforms accelerated momentum further. FERC’s Order 881 introduced real-time line ratings, unlocking 27 GW of unused transmission capacity. Industrial adoption followed swiftly, with companies such as BASF and Cemex installing hydrogen-ready electrolyzers across 23 chemical plants. Amazon, meanwhile, deployed 12 GW of agrivoltaic solar canopies at its fulfillment centers, maximizing land use efficiency and clean energy production.
Boost to Domestic Manufacturing and Supply Chain Independence
Domestic production capacity grew, reducing reliance on imports. The U.S. Solar Manufacturing Accelerator backed First Solar’s launch of a 10 GW cadmium telluride module facility in Ohio. U.S. solar manufacturers cut foreign dependency by 63%, strengthening the renewable energy supply chain and market resilience.
Offshore Wind and Hydrogen Integration Reshape Coastal Development
Offshore wind energy surged, boosted by green hydrogen initiatives. BOEM’s Lease Sale 259 granted 4.2 GW on the Atlantic Coast. Ørsted and Dominion Energy committed $18 billion to wind-hydrogen hubs using Siemens Gamesa’s 18 MW turbines. Plug Power’s offshore electrolyzer off Massachusetts will deliver 140,000 tons of marine-grade hydrogen annually, supported by DOE’s Hydrogen Hub Program. Rutgers University found 3D-printed reef structures beneath turbines increased lobster yields by 41%, showing positive ecological impact.
AI-Driven DERs Lead Residential Transition
Artificial intelligence and distributed energy resources (DERs) are reshaping residential energy usage. Under Net Energy Metering 3.0, Sunrun enrolled 340,000 homes into CAISO’s virtual power plant network, optimizing energy demand with AI forecasting. Tesla’s Powerwall 3 reached 97% efficiency using GaN-on-diamond inverters and tapped into low-cost nuclear energy for load balancing, expanding the residential renewable market.
Finance, Insurance, and Infrastructure Ensure Market Stability
Finance and insurance sectors are adjusting to renewable demands. State Farm mandated wind-resistant solar shingles in Florida, while Fannie Mae’s green mortgage-backed securities funneled $14 billion into clean energy leasing. These changes are reinforcing investor confidence and stabilizing long-term market growth.
Investment Outlook and Technological Innovation
Projections estimate the U.S. renewable energy market will attract over $1.2 trillion in annual investment by 2028. Tools like LevelTen Energy’s AI-driven PPAs—assessing 82 variables—enhance corporate procurement for 23 GW of wind projects. Technical advances such as Form Energy’s 18 GWh iron-air batteries and the NREL–Perovskite Consortium’s 31.8% efficient solar cells are driving breakthroughs across the sector.
Energy Security and Local Sourcing Gain Strategic Importance
Geopolitical changes, including enforcement of the Uyghur Forced Labor Prevention Act, shifted 89% of solar developers to verified U.S.-based polysilicon suppliers like Silicon Ranch. Companies like Vistra implemented hydrogen salt cavern storage, maintaining 99.97% uptime during extreme events like the 2024 Texas Heat Dome.
Future Outlook: Autonomous Microgrids and Biohybrid Technologies
The U.S. renewable market is set for transformative innovation. Caltech and ULA launched the first space-based solar test (1 kW system), while biohybrid turbines from C16 Biosciences with algae coatings now capture up to 8 tons of CO₂ per unit annually. With utility-scale solar LCOE dropping to $24.7/MWh—below coal—future growth is expected to lean heavily on smart microgrids, autonomous trading, and advanced energy technologies.
United States Renewable Energy Market Segmentation:
The market report segments the market based on product type, distribution channel, and region:
Breakup by Type:
Hydro Power
Wind Power
Solar Power
Bioenergy
Others
Breakup by End User:
Industrial
Residential
Commercial
Breakup by Region:
Northeast
Midwest
South
West
Ask Analyst & Browse Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=20410&flag=C
Competitive Landscape:
The market research report offers an in-depth analysis of the competitive landscape, covering market structure, key player positioning, top winning strategies, a competitive dashboard, and a company evaluation quadrant. Additionally, detailed profiles of all major companies are included.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter’s Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
