The Market for Renewable Energy is Projected to Reach $2.5Tn by 2033
A recent Allied Market Research report projects that the global market for clean energy will be worth a whopping $2.5 trillion by 2033. Titled ‘Renewable Energy Market Size, Share and Trend Analysis Report: Global Opportunity Analysis and Industry Forecast 2024–2033,’ the report estimates that the renewable energy market will expand at a compound annual growth rate (CAGR) of 8.5% between 2024 and 2033, growing from a $1.1 trillion valuation in 2023 to $2.5 trillion a decade later. Green energy has become a major priority for dozens across the globe, attracting tens of billions of dollars in investment as countries scramble…