World’s Top 40 Companies in Energy and Power Market 2025: Watchlist Statistical Report (2024–2035)
RELEASE DATE: Oct 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Energy & Power Market Size is projected to Grow from USD 5152.5 Billion in 2024 to USD 9997.5 Billion by 2035, at a CAGR of 6.21% during the forecast period 2025–2035. The market for energy & power is experiencing steady growth due to several factors, including rising global energy demand, rising shift toward renewable energy, and technological advancements.
Introduction
The Global Energy & Power Market Size encompasses the generation, transmission, distribution, and consumption of energy across various sectors, including electricity, oil, gas, and renewable sources. It plays a vital role in driving industrial development, economic growth, and technological progress worldwide. The market is undergoing a rapid change, moving away from traditional fossil fuels and toward cleaner and more sustainable energy sources. Increasing global energy consumption, rising urbanization, and government measures supporting renewable energy usage are all major elements driving this transformation. Smart grids, energy storage systems, and digital energy management are examples of technological advancements that improve efficiency and dependability throughout the power value chain. Furthermore, the increase of renewable energy sources—such as solar, wind, hydro, and geothermal—is reshaping the global energy environment. The global geothermal energy market, in particular, is gaining popularity as a sustainable and consistent power source, making a substantial contribution to clean energy production and emission reduction targets. Overall, the energy and power sector is transitioning to a more resilient, inventive, and ecologically responsible future.
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The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
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Energy & Power Market Size & Statistics
- The Market Size for Energy & Power Was Estimated to be worth USD 5152.5 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 6.21% between 2025 and 2035.
- The Global Energy & Power Market Size is anticipated to reach USD 9997.5 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Energy & Power Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Energy & Power Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the energy & power market. Asia-Pacific is expected to witness the fastest growth in the Energy & Power Market during the forecast period, driven by rapid industrialization, urbanization, and rising energy demand. Government initiatives promoting renewable energy and infrastructure development further accelerate regional market expansion.
North America is expected to generate the highest demand during the forecast period in the Energy & Power market. North America is expected to generate the highest demand in the Energy & Power Market during the forecast period, driven by advanced technological adoption, strong industrial infrastructure, and increasing investments in renewable energy, smart grid systems, and sustainable power generation solutions.
Top Trends in the Energy & Power Market
- Renewable Energy Expansion
- Green Hydrogen
- Energy Storage Innovations
- AI and Machine Learning
- Smart Grids and IoT
- Decentralized Energy Systems
- Energy-as-a-Service (EaaS)
- Cybersecurity Enhancements
- Grid Resilience and Modernization
1. Renewable Energy Expansion
The global move to renewable energy is accelerating, with solar, wind, and hydroelectric power leading the way. Reduced technological prices, supporting government legislation, and rising corporate sustainability aspirations are driving large-scale investments in renewable energy infrastructure. This trend decreases reliance on fossil fuels while boosting energy security and long-term sustainability.
2. Green Hydrogen
Green hydrogen is developing as an important part of the clean energy revolution. It is produced using renewable power by water electrolysis and provides a zero-emission option for difficult-to-decarbonize industries such as heavy industry and transport. Increasing worldwide investments and pilot initiatives position green hydrogen as a significant future energy carrier.
3. Energy Storage Innovations
Energy storage technologies, such as lithium-ion, solid-state, and flow batteries, are transforming the way energy is stored and consumed. These improvements improve grid stability, promote renewable energy integration, and maintain a consistent electricity supply even during periods of fluctuating power.
4. AI and Machine Learning
AI and machine learning are improving energy management by optimizing power generation, anticipating demand, and doing predictive maintenance. These technologies increase operational efficiency, minimize downtime, and enable more informed decision-making throughout the energy value chain, resulting in cost savings and sustainability improvements.
5. Smart Grids and IoT
The combination of smart grids and IoT devices is changing the way power is measured and delivered. These technologies allow for real-time data collecting, automatic defect detection, and effective load control. Smart grids improve energy dependability, enable renewable integration, and empower customers through smart metering and energy management technologies.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the energy & power market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Energy & Power Market
- Saudi Aramco
- ExxonMobil
- Chevron
- Shell Plc
- TotalEnergies
- PetroChina
- BP Plc
- NextEra Energy, Inc.
- Iberdrola, S.A.
- Enel SpA
- Siemens AG
- ENGIE SA
- Vestas Wind Systems
- First Solar
- Brookfield Renewable Partners
- LONGi Green Energy Technology
- Jinko Solar
- Canadian Solar
- Tata Power
- Orsted A/S
- Vistra Corp
- Vitol
- E.ON SE
- EDF
- State Grid Corporation of China
1. Saudi Aramco
Headquarters: Dhahran, Saudi Arabia.
Saudi Aramco, based in Dhahran, Saudi Arabia, has subsidiaries, joint ventures, and global marketing networks that operate in around 50 countries. It is one of the world's largest integrated oil and gas businesses, having activities that include exploration, production, refining, distribution, and power generation. Aramco is a key player in the global Energy & Power Market, delivering energy to industrial and consumer sectors globally. As the energy shift accelerates, the firm is growing its investments in cleaner fuels, innovative technologies, and research centers in critical areas like as the United States, India, and China, to promote innovation and sustainable energy development.
2. ExxonMobil
Headquarters: Irving, Texas, USA
ExxonMobil is based in Irving, Texas, and operates in over 50 countries, specializing in oil and gas exploration, production, refining, and marketing. ExxonMobil, a significant player in the Energy & Power Market, helps to ensure worldwide power dependability with its substantial natural gas and energy infrastructure. To promote a sustainable energy transition, the corporation is making significant investments in low-carbon technologies such as carbon capture, hydrogen generation, and biofuels. Its global operations and excellent research skills allow it to improve efficiency, decrease emissions, and provide greener energy solutions in both industrial and consumer sectors.
3. CHEVRON
Headquarters: San Ramon, California, USA
Chevron Corporation, headquartered in San Ramon, California, USA, operates in over 180 countries, making it one of the world’s most diversified energy companies. Chevron is deeply involved in exploration, production, refining, and power generation, contributing significantly to the global Energy & Power Market. The company is expanding its renewable energy portfolio with investments in geothermal, hydrogen, and carbon capture technologies to reduce environmental impact. Chevron’s strong global presence, technological expertise, and commitment to sustainability drive its efforts to meet rising energy demand while advancing toward cleaner and more efficient energy solutions.
4. Shell plc
Headquarters: London, United Kingdom
Shell plc, based in London, United Kingdom, is a significant global energy company with operations in over 70 countries. Shell's activities include oil, gas, renewable energy, and power generation, making it a significant contributor to the energy & power market. Shell's "Powering Progress" plan focuses on decarbonization, including biofuels, electric transportation, hydrogen, and carbon capture technologies. The company's integrated global infrastructure supports its mission of providing cleaner energy solutions and improving energy access, while also contributing to a more sustainable and low-carbon future.
5. TotalEnergies
Headquarters: Paris, France
TotalEnergies SE, headquartered in Paris, France, is a prominent multi-energy corporation focused on oil, natural gas, renewables, and electricity. TotalEnergies, a member of the Energy & Power Market, is advancing its transition to clean energy and sustainable power generation. The corporation has made significant investments in solar, wind, biofuels, and energy storage systems to become carbon neutral by 2050. Its diverse portfolio and global activities enable it to provide dependable, cheap, and cleaner energy, fostering innovation and assisting the global transition to a more sustainable energy system.
Are you ready to discover more about the energy & power market?
The report provides an in-depth analysis of the leading companies operating in the global energy & power market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Saudi Aramco
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- ExxonMobil
- CHEVRON
- Shell plc
- TotalEnergies
- PetroChina
- BP Plc
- NextEra Energy, Inc.
- Iberdrola, S.A.
- Others.
Conclusion
The Global Energy & Power Market Size is undergoing a major transformation driven by technological advancements, sustainability goals, and increasing global energy demand. Leading players such as Saudi Aramco, ExxonMobil, Chevron, Shell, and TotalEnergies are investing heavily in renewable energy, hydrogen, carbon capture, and digital power management to reduce emissions and enhance efficiency. The market is shifting from traditional fossil fuels toward cleaner and more diversified energy sources, supported by smart grid integration and storage innovations. This evolution positions the sector for sustainable growth, ensuring energy security while addressing environmental challenges and supporting the global transition to net-zero energy systems.
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