There is a high demand for clean, affordable and sustainable source of energy due to the limitation in fossil fuel supplies. The algae industrial revolutions have proved to be a significant step to realize the growing need for energy and achieving the sustainable development goals (SDGs). In this review, the production and processing of algae from an industry point of view and the algae processing in Industry 4.0 as well as a paradigmatic shift from Industry 4.0 to Industry 5.0 were well-delineated. Moreover, numerous aspects in the algae industry have been discussed, including economic and environmental analysis of algae bioenergy production, customization of the algae-derived bioenergy, algae cultivation and modifications in the cultivating approach. Genetic engineering tools implemented in the algae culture for bioenergy and by-products generation was also studied, and area of focusing such as the desired algae strain and its detection through automated genetic manipulation and genetic modification. Furthermore, the impacts of the Industry 5.0 on the new market opportunities and environment aspect as well as the possibility of achieving SDGs were significantly studied.