The Europe renewable energy market is supporting the growth of the global renewable energy market, which attained a market size of nearly 2455 gigawatts in 2019. The global renewable energy industry is expected to grow at a CAGR of 7.6% between 2020 and 2025 and is expected to reach 3812 gigawatts by 2025.
The Europe renewable energy market is driven by the diverse fuel sources distributed across the continent. The industry is expected to be driven by the phasing out of nuclear plants on the continent, which is leading to arising shift towards alternative and renewable power sources. The growing demand for electricity is also pushing the industry growth. Resources, including wind and hydro, have been further developed in Europe, while the solar potential is yet to be explored and tapped. The solar capacity is expected to increase in the forecast period in the region. The capacity installation of solar power in Europe is highest in Germany, Spain, and France. Currently, hydropower accounts for the largest capacity in Europe, accounting for 39% of the industry.
Germany, Italy, the United Kingdom, and Spain are the significant regional markets on the continent. In Germany, nearly 33% of the power was generated through renewable sources. Onshore and offshore wind capacity in Germany accounts for nearly half the renewable electricity generation in the country. The country aims to produce 100% of its electricity from renewable resources by 2050, which is expected to support the growth of the renewable energy industry in Europe. In the United Kingdom, almost 32% of the total electricity generated was from renewable resources in 2018. Wind, wave, and solar photovoltaics, together, account for over half the renewable electricity generation in the United Kingdom.
Properties and Applications
Renewable energy is extracted from sustainable sources, which are naturally replenishable; that is, it cannot be exhausted completely. It offers energy to be used in the production of electricity, transport, air and water cooling or heating and other energy services.
On the basis of types, the Europe renewable energy market can be divided into:
Based on the fuel source, the industry can be segmented into:
The EMR report also covers the regional markets like Germany, France, Italy, and the United Kingdom, among others.
The Europe renewable energy market is driven by the significant demand from the hydropower and onshore wind energy in the region. Due to advancements in technology, the cost has been reduced, making it an attractive option in terms of investment. Markets such as France, Italy, and Spain largely depend on hydropower as the source for generating electricity, further invigorating the industry growth for alternative power sources. Countries such as Sweden, Austria, France, and Norway offer highly suitable geography and growth potential for hydropower, further enhancing the industry growth. France and Germany provide a growth potential for biomass.
Solar is expected to be the preferred technology due to a decrease in the system cost, thus, enhancing the market growth for alternative energy sources. Several economies in Europe are adopting renewables instead of fossil fuels, further propelling the growth of the industry forward. The decrease in the consumption of fossil fuel, along with the dwindling nuclear power plants, has resulted in the rise of investments in renewables, which is supporting the growth of the industry. The rising demand from the electricity sector will also aid industry growth. Countries such as Germany, Italy, the United Kingdom, and Spain are the major countries in Europe on the basis of renewable installed capacity and offer healthy growth potential for renewable power resources.
The increasing global awareness regarding environmental pollution and climate changes, resulted by the consumption of conventional power sources such as fossil fuels, oil, coal, and natural gas, are driving the industry growth. The various schemes offered by the government such tax benefits to encourage the use of alternative and sustainable power sources is providing further impetus to the industry growth. The increasing awareness about the positive effects of green energy is also propelling the industry forward. The governments are investing more in the alternative and sustainable power sources to economize electricity and control the environmental hazards, which is giving a boost to the industry growth.
The report gives a detailed analysis of the following key players in the Europe renewable energy market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Renewable Energy Market Analysis
6.1 Figure: Global Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Breakup by Region
6.2.1 North America
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East and Africa
7 Europe Renewable Energy Market Analysis
7.1 Figure: Europe Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
7.2 Chart: Breakup by Type
7.2.2 Onshore Wind
7.2.4 Bio Energy
7.3 Chart: Breakup by Country
7.3.4 United Kingdom
7.4 Germany Renewable Energy Market Analysis
7.4.1 Figure: Germany Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
7.4.2 Chart: Breakup by Type
126.96.36.199 Bio Energy
7.4.3 Chart: Electricity Generation by Fuel Source
188.8.131.52 Natural Gas
7.5 France Renewable Energy Market Analysis
7.5.1 Figure: France Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
7.5.2 Chart: Breakup by Type
184.108.40.206 Bio Energy
7.5.3 Chart: Electricity Generation by Fuel Source
220.127.116.11 Natural Gas
7.6 Italy Renewable Energy Market Analysis
7.6.1 Figure: Italy Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
7.6.2 Chart: Breakup by Type
18.104.22.168 Bio Energy
7.6.3 Chart: Electricity Generation by Fuel Source
22.214.171.124 Natural Gas
7.7 United Kingdom Renewable Energy Market Analysis
7.7.1 Figure: United Kingdom Renewable Energy Historical Market (2015-2019) & Forecast (2020-2025)
7.7.2 Chart: Market Breakup by Type
126.96.36.199 Bio Energy
7.7.3 Chart: Electricity Generation by Fuel Source
188.8.131.52 Natural Gas
8 SWOT Analysis
9 Value Chain Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 Europe Renewable Energy Tariff Rates
12 EMR’s Key Indicators for Demand
13 EMR’s Key Indicators for Price
14 Competitive Landscape & Supplier Analysis
14.1 Juwi AG
14.1.1 Company Overview
14.1.2 Financial Analysis
14.2 WKN GmbH
14.2.1 Company Overview
14.2.2 Financial Analysis
14.3.1 Company Overview
14.3.2 Financial Analysis
14.4.1 Company Overview
14.4.2 Financial Analysis
14.5 ABO Wind
14.5.1 Company Overview
14.5.2 Financial Analysis
15 Events and Developments
The Europe renewable energy market is driving the growth of the global market. The global renewable energy market attained a capacity of around 2455 gigawatts in 2019. The industry is expected to witness a growth in the forecast period of 2020-2025, growing at a CAGR of nearly 7.6% to reach 3812 gigawatts by 2025.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the industry can be segmented into, the market can be divided hydropower, onshore wind, solar, and bio energy, among others, with hydropower accounting for 39% of the industry share. Germany, France, Italy, and the United Kingdom are the major regions in the industry. The major players in the above industry include Juwi AG, WKN GmbH, Neoen, Rebo, and ABO Wind, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, rising electricity demand, phasing out of nuclear plants, favourable government policies, and growing potential for onshore wind and hydropower are driving the growth of the industry globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The global solar energy storage market is being driven by the escalated energy demand globally. The industry is further enhanced by the rising investments in renewable energy sources. China and the Un...
The global solar lighting system market attained a value of about USD 5.5 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 15.8% to reach USD 13...
North America is among the leading countries having sustainable energy technologies and infrastructure. The North America renewable energy industry is being driven by the increasing growth in solar PV...
The Latin America renewable energy industry is expected to be driven by the steady growth in hydro and biomass across the region. Hydropower is the leading sector in the region, accounting for nearly ...
The global renewable energy market reached an installation capacity of nearly 2455 gigawatts in 2019. The global market is likely to be aided by the Africa renewable energy market, which is one of the...
Buy Full Version
"Europe Renewable Energy Market" Purchase Enquiry