The energy transition market will reach 3.7 trillion USD in 2028

The energy transition market will reach 3.7 trillion USD by 2028, supported by growing public and private investment, with an annual growth rate of 9.4% according to Allied Market Research.

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The global energy transition market is expanding rapidly, supported by massive investment from both the public and private sectors.
Growing recognition of the urgency of climate change is prompting governments to inject considerable funds into renewable energy infrastructure.
These funds are aimed at modernizing existing systems and promoting the adoption of cleaner energy sources, notably wind, solar and hydro.
Private companies, meanwhile, are increasing their commitment to green energy, helping to boost the market.
However, the sector faces challenges, not least the limited availability of critical materials, essential for new technologies.
Innovation in energy storage is therefore becoming a priority, with emerging solutions such as solid-state and flow batteries.
These technologies promise to improve energy density and safety, responding to growing market demands.

Renewable energies and fast-track adoption

Renewable energies dominate the energy transition market, with rising adoption supported by favorable government policies.
Solar and wind power, in particular, are playing a central role in reducing greenhouse gas emissions, in line with global climate targets.
Tax incentives and government subsidies are accelerating the integration of these technologies into national energy systems.
Renewable technologies are now seen as viable and competitive solutions, even when compared with fossil fuels.
Governments are putting in place rigorous regulatory frameworks to encourage their widespread adoption, making these technologies increasingly attractive to investors.

The residential sector in full mutation

The residential segment is booming, driven by a growing adoption of clean energy solutions.
Homeowners are increasingly investing in technologies such as solar panels and geothermal heating systems, supported by attractive tax incentives.
This trend reflects a growing desire to reduce dependence on fossil fuels and minimize carbon footprints.
Home modernization and the integration of clean energy technologies have become priorities for many households, reinforced by economic and environmental motivations.
The residential sector is thus set to become a key player in the energy transition, with significant implications for global demand for renewable energy.

Asia-Pacific: driving regional growth

Asia-Pacific is emerging as the main driver of global growth in the energy transition market. The region is investing heavily in renewable technologies to meet growing energy demand. Technological innovations and favorable market dynamics are accelerating the adoption of clean energies, making these solutions increasingly competitive. Leading companies in the sector, such as NextEra Energy, Inc, Iberdrola, S.A., and Tesla Inc, are adopting diversified strategies to gain a foothold in this rapidly expanding market. These companies are investing in new technologies, collaborating on international projects and strengthening their presence in emerging markets. These initiatives are crucial to maintaining their competitive edge against a backdrop of rapid transformation in the energy sector.

France opens a national consultation on RTE’s plan to invest €100 billion by 2040 to modernise the high-voltage electricity transmission grid.
Governor Gavin Newsom orders state agencies to fast-track clean energy projects to capture Inflation Reduction Act credits before deadlines expire.
Germany’s energy transition could cost up to €5.4tn ($6.3tn) by 2049, according to the main industry organisation, raising concerns over national competitiveness.
Facing blackouts imposed by the authorities, small businesses in Iran record mounting losses amid drought, fuel shortages and pressure on the national power grid.
Russian group T Plus plans to stabilise its electricity output at 57.6 TWh in 2025, despite a decline recorded in the first half of the year, according to Chief Executive Officer Pavel Snikkars.
In France, the Commission de régulation de l’énergie issues a clarification on ten statements shared over the summer, correcting several figures regarding tariffs, production and investments in the electricity sector.
A group of 85 researchers challenges the scientific validity of the climate report released by the US Department of Energy, citing partial methods and the absence of independent peer review.
Five energy infrastructure projects have been added to the list of cross-border renewable projects, making them eligible for financial support under the CEF Energy programme.
The Tanzanian government launches a national consultation to accelerate the rollout of compressed natural gas, mobilising public and private financing to secure energy supply and lower fuel costs.
The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.
Nigeria’s state-owned oil company abandons plans to sell the Port Harcourt refinery and confirms a maintenance programme despite high operating costs.
The publication of the Multiannual Energy Programme decree, awaited for two years, is compromised by internal political tensions, jeopardising strategic investments in nuclear and renewables.
The US Energy Information Administration reschedules or cancels several publications, affecting the availability of critical data for oil, gas and renewables markets.
Brazilian authorities have launched a large-scale operation targeting a money laundering system linked to the fuel sector, involving investment funds, fintechs, and more than 1,000 service stations across the country.
A national study by the Davies Group reveals widespread American support for the simultaneous development of both renewable and fossil energy sources, with strong approval for natural gas and solar energy.
The South Korean government compels ten petrochemical groups to cut up to 3.7 million tons of naphtha cracking per year, tying financial and tax support to swift and documented restructuring measures.
The U.S. Department of Energy has extended until November the emergency measures aimed at ensuring the stability of Puerto Rico’s power grid against overload risks and recurring outages.
Under threat of increased U.S. tariffs, New Delhi is accelerating its energy independence strategy to reduce reliance on imports, particularly Russian oil.
With a new $800 million investment agreement, Tsingshan expands the Manhize steel plant and generates an energy demand of more than 500 MW, forcing Zimbabwe to accelerate its electricity strategy.
U.S. electric storage capacity will surge 68% this year according to Cleanview, largely offsetting the slowdown in solar and wind projects under the Trump administration.

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