United States Clean Energy Market Size, Share, and COVID-19 Impact Analysis, By Type (Wind Energy, Solar Energy, Geothermal Energy, Biomass, and Others), By Application (Residential, Commercial, and Industrial), and United States Clean Energy Market Insights, Industry Trend, Forecasts to 2035

United States Clean Energy Market Insights Forecasts to 2035

• The USA Clean Energy Market Size is Expected to Grow at a CAGR of around 14.8% from 2025 to 2035.
• The United States Clean Energy Market Size is Expected to Hold a Significant Share by 2035.

According to a research report published by Spherical Insights & Consulting, the U.S. clean energy market is expected to hold a significant share by 2035, growing at a CAGR of 14.8% from 2025 to 2035. The U.S. clean energy market grows due to declining technology costs, strong government incentives, and rising demand for sustainable solutions. Advances in solar, wind, and storage increase efficiency and affordability. Corporate commitments to carbon reduction and growing environmental awareness further drive adoption, making clean energy a preferred choice for consumers and industries alike.

Market Overview

The United States clean energy market defines the generation and distribution of energy derived from renewable sources such as wind, solar, geothermal, and biomass. It is essential in reducing carbon emissions and combating climate change. The market is primarily driven by growing environmental concerns, technological advancements, and supportive government policies, including tax incentives, renewable portfolio standards, and federal funding for clean energy projects. Strengths of the market include abundant natural resources, continuous innovation, and increasing cost-competitiveness of renewable technologies compared to traditional fossil fuels. Opportunities abound in expanding energy storage solutions, grid modernization, and electrification of transportation and industries, which further stimulate demand. Government initiatives like the Inflation Reduction Act and the Biden administration’s clean energy targets promote large-scale adoption by providing financial support and regulatory frameworks. Also, rising corporate sustainability commitments and consumer awareness foster market growth.

Report Coverage

This research report categorizes the market for the United States clean energy market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States' clean energy market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States clean energy market.

Driving Factors

The United States' clean energy market is driven by increasing environmental awareness and the urgent need to reduce greenhouse gas emissions. Government policies and incentives, such as tax credits and renewable energy mandates, encourage investments in clean technologies. Technological advancements have significantly lowered the cost of solar, wind, and battery storage systems, making them more accessible. Growing corporate and residential demand for sustainable energy solutions further fuels market expansion. Additionally, the declining costs of renewable energy projects and improved grid integration capabilities enhance market feasibility. Rising energy security concerns and the desire to reduce dependence on fossil fuels also motivate adoption.

Restraining Factors

The high initial investment costs, intermittency issues of renewable sources like solar and wind, and limited energy storage capacity. Regulatory uncertainties and grid infrastructure challenges also hinder growth. Additionally, competition from established fossil fuel industries slows widespread clean energy adoption despite growing demand and government support.

Market Segmentation

The United States' clean energy market share is classified into type and application.

• The wind energy segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United States clean energy market is segmented by type into wind energy, solar energy, geothermal energy, biomass, and others. Among these, the wind energy segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to its cost-effectiveness, scalability, and abundant wind resources. Technological advancements and supportive government policies have accelerated wind power installations, making it a leading renewable source.

• The commercial segment held a substantial share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United States clean energy market is segmented by application into residential, commercial, and industrial. Among these, the commercial segment held a substantial share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is attributed to increasing corporate sustainability goals and large-scale energy demands. Higher investments in clean energy solutions to reduce costs and carbon footprints. Supportive policies and incentives further drive adoption, making commercial applications the largest market segment compared to residential and industrial sectors.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States clean energy market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Sunnova Energy International Inc.
• Constellation Energy Corporation
• Brookfield Renewable Partners
• Bloom Energy Corporation
• Duke Energy Corporation
• Ormat Technologies
• NextEra Energy, Inc.
• Clearway Energy
• Enphase Energy
• Nextracker Inc.
• First Solar, Inc.
• Xcel Energy
• Sunrun Inc.
• Invenergy
• Tesla, Inc.
• Others

Recent Developments:

• In October 2024, Xcel Energy announced a significant clean energy milestone with its Upper Midwest Energy Plan, aiming to reduce carbon emissions by over 80% by 2030. The plan includes adding 3,200 MW of wind, 400 MW of solar, and 600 MW of battery storage, while extending the operation of two carbon-free nuclear plants and constructing a hydrogen-capable natural gas plant.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the U.S., regional, and country levels from 2020 to 2035. Spherical Insights has segmented the USA clean energy market based on the below-mentioned segments:

United States Clean Energy Market, By Type

• Wind Energy
• Solar Energy
• Geothermal Energy
• Biomass
• Others

United States Clean Energy Market, By Application

• Residential
• Commercial
• Industrial