Global Renewable Energy Markets Projected to Surge by Mid‑2030s

The floating offshore wind market is forecast to grow from $3 billion in 2025 to $25.1 billion by 2035, reflecting a compound annual growth rate (CAGR) of about 23.6% from 2026 to 2035. Growth is driven by rising clean‑energy demand, ambitious carbon‑neutral targets, and advances that allow turbines to be installed in deeper waters, expanding opportunities for countries with limited coastal sites.

The commercial and industrial solar‑PV inverter market is expected to expand from $12.1 billion in 2025 to $27.22 billion by 2036, with a CAGR of 7.65% over the 2026‑2036 period. The sector benefits from falling solar costs, corporate decarbonisation goals, supportive policies, and emerging smart‑control and digital‑monitoring technologies. North America leads the inverter market, while Europe and the Asia‑Pacific region are also significant contributors.

Both forecasts highlight the broader shift toward renewable energy infrastructure worldwide, underpinned by government incentives, investment in advanced technologies, and the need for energy security and grid stability.