How Big Is the Energy Industry Market | Trends & Insights 2031

Q: What is fueling the global energy market expansion?

The market is expanding due to rising global power consumption and increasing electrification across industries and households.

Q: Which segments are expected to lead the energy market?

Renewables, energy storage systems, and distributed energy resources are leading the transformation.

Q: What will the energy market size be by 2031?

The energy market is projected to surpass USD 14.4 trillion by 2031.

Q: How are energy policies influencing market growth?

Stringent decarbonization mandates and climate-resilient infrastructure planning are pivotal to shaping the industry's future growth dynamics.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6371

Publication Date: Jul 2025

How big is the energy industry market?

According to 6Wresearch internal database and industry insights, the energy industry market was valued at USD 8.7 trillion in 2024 and is projected to reach approximately USD 14.4 trillion by 2031, growing at a CAGR of 6.3% during the forecast period.

This growth momentum is driven by accelerated clean energy investments, digital transformation in grid infrastructure, expanding electricity access in developing nations, and rising energy demands from the mobility and manufacturing sectors.

Growth Factors of the Energy Industry Market

Growing government investment in renewable energy technology
Driving demand for energy by electrification of transportation and heating
Advances in energy storage and battery technologies will support energy efficiency
Development of smart grids, and digital energy management platforms
Transitioning from fossil fuels to green hydrogen and other low-emission energy alternatives
Energy access initiatives in low-service areas are speeding the build out of energy infrastructure

Energy Industry Market Trends

Energy Industry Market is shifting toward more localized forms of new energy generation, increasing uses of AI to manage energy use, and more of the major actors in energy being in public-private partnerships as opposed to siloed. The development of microgrids, net-zero pledges, and grid-interactive efficient buildings characterize new energy production, storage, and consumption landscapes globally. Meanwhile, unstable fossil fuel pricing is motivating economies to change how they source energy, diversifying supply.

Emerging Developments in the Energy Industry Market

In the Energy Industry Market, innovative financing models like energy-as-a-service are gaining traction. Countries are introducing carbon trading platforms to regulate emissions. Floating solar farms, offshore wind expansions, and solid-state battery innovations are shaping the future landscape. Digital twin technologies are being leveraged for real-time monitoring and predictive maintenance in power infrastructure.