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.

Kogi State Electricity Distribution Limited reported a ₦1.3bn ($882,011) loss due to power fraud, threatening its operational viability in Kogi State.
More than 40 developers will gather in Livingstone from 26 to 28 November to turn Southern Africa’s energy commitments into bankable and interconnected projects.
Citepa projections confirm a marked slowdown in France's climate trajectory, with emissions reductions well below targets set in the national low-carbon strategy.
The United States has threatened economic sanctions against International Maritime Organization members who approve a global carbon tax on international shipping emissions.
Global progress on electricity access slowed in 2024, with only 11 million new connections, despite targeted efforts in parts of Africa and Asia.
A parliamentary report questions the 2026 electricity pricing reform, warning of increased market exposure for households and a redistribution mechanism lacking clarity.
The US Senate has confirmed two new commissioners to the Federal Energy Regulatory Commission, creating a Republican majority that could reshape the regulatory approach to national energy infrastructure.
The federal government launches a CAD3mn call for proposals to fund Indigenous participation in energy and infrastructure projects related to critical minerals.
Opportunities are emerging for African countries to move from extraction to industrial manufacturing in energy technology value chains, as the 2025 G20 discussions highlight these issues.
According to the International Energy Agency (IEA), global renewable power capacity could more than double by 2030, driven by the rise of solar photovoltaics despite supply chain pressures and evolving policy frameworks.
Algeria plans to allocate $60 billion to energy projects by 2029, primarily targeting upstream oil and gas, while developing petrochemicals, renewables and unconventional resources.
China set a record for clean technology exports in August, driven by surging sales of electric vehicles and batteries, with more than half of the growth coming from non-OECD markets.
A night-time attack on Belgorod’s power grid left thousands without electricity, according to Russian local authorities, despite partial service restoration the following morning.
The French Academy of Sciences calls for a global ban on solar radiation modification, citing major risks to climate stability and the world economy.
The halt of US federal services disrupts the entire decision-making chain for energy and mining projects, with growing risks of administrative delays and missing critical data.
Facing a potential federal government shutdown, multiple US energy agencies are preparing to suspend services and furlough thousands of employees.
A report reveals the economic impact of renewable energy losses in Chile, indicating that a 1% drop in curtailments could generate $15mn in annual savings.
Faced with growing threats to its infrastructure, Denmark raises its energy alert level in response to a series of unidentified drone flyovers and ongoing geopolitical tensions.
The Prime Minister dismissed rumours of a moratorium on renewables, as the upcoming energy roadmap triggers tensions within the sector.
Kuwait plans to develop 14.05 GW of new power capacity by 2031 to meet growing demand and reduce scheduled outages, driven by extreme temperatures and maintenance delays.

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