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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 2020.
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The global renewable energy industry is expected to grow at a CAGR of 7.6% between 2021 and 2026 and is expected to reach 3812 gigawatts by 2026. 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.
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.
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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.
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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.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Country|
|Breakup by Type||Hydropower, Onshore Wind, Solar, Bio Energy, Others|
|Breakup by Country||Germany, France, Italy, United Kingdom, Others|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
The Juwi Holding AG, WKN GmbH, ABO Wind, Neoen, and JinkoSolar Holding Co., Ltd. among others.
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Renewable Energy Market Analysis
8.1 Key Industry Highlights
8.2 Global Renewable Energy Historical Market (2017-2021)
8.3 Global Renewable Energy Market Forecast (2022-2027)
8.4 Global Renewable Energy Market by Region
8.4.1 Market Share
184.108.40.206 North America
220.127.116.11 Asia Pacific
18.104.22.168 Latin America
22.214.171.124 Middle East and Africa
9 Europe Renewable Energy Market Analysis
9.1 Key Industry Highlights
9.2 Europe Renewable Energy Historical Market (2017-2021)
9.3 Europe Renewable Energy Market Forecast (2022-2027)
9.4 Europe Renewable Energy Market by Renewable Energy Type
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.4.2 Onshore Wind
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.5 Europe Renewable Energy Market by Country
9.5.1 Market Share
126.96.36.199 United Kingdom
10 Regional Analysis
10.1.1 Historical Trend (2017-2021)
10.1.2 Forecast Trend (2022-2027)
10.1.3 Breakup by Renewable Energy Type
10.2.1 Historical Trend (2017-2021)
10.2.2 Forecast Trend (2022-2027)
10.2.3 Breakup by Renewable Energy Type
10.3.1 Historical Trend (2017-2021)
10.3.2 Forecast Trend (2022-2027)
10.3.3 Breakup by Renewable Energy Type
10.4 United Kingdom
10.4.1 Historical Trend (2017-2021)
10.4.2 Forecast Trend (2022-2027)
10.4.3 Breakup by Renewable Energy Type
11 Market Dynamics
11.1 SWOT Analysis
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 The Juwi Holding AG
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.2 WKN GmbH
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.3 ABO Wind
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.5 JinkoSolar Holding Co., Ltd.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Renewable Energy Market: Key Industry Highlights, 2017 and 2027
2. Europe Renewable Energy Market: Key Industry Highlights, 2017 and 2027
3. Europe Renewable Energy Historical Market: Breakup by Type (Gigawatts), 2017-2021
4. Europe Renewable Energy Market Forecast: Breakup by Type (Gigawatts), 2022-2027
5. Europe Renewable Energy Historical Market: Breakup by Country (Gigawatts), 2017-2021
6. Europe Renewable Energy Market Forecast: Breakup by Country (Gigawatts), 2022-2027
7. Europe Renewable Energy Market Structure
In 2020, the Europe renewable energy market attained a value of nearly 2455 gigawatts.
The major drivers of the market include the advancements in technology, government schemes and tax benefits, use of alternative and sustainable power sources, increasing awareness about the positive effects of green energy, rising demand from the electricity sector, and phasing out of nuclear plants.
The significant demand from the hydropower and onshore wind energy and increasing global awareness regarding environmental pollution and climate changes are the key industry trends propelling the market's growth.
The major regions in the industry are Germany, France, Italy, and the United Kingdom, among others.
On the basis of types, the Europe renewable energy market can be divided into hydropower, onshore wind, solar, and bio energy, among others.
The major players in the industry are The Juwi Holding AG, WKN GmbH, ABO Wind, Neoen, and JinkoSolar Holding Co., Ltd., among others.
The Europe renewable energy market attained a value of nearly 2455 gigawatts in 2020, driven by the significant demand from the hydropower and onshore wind energy. Aided by use of alternative and sustainable power sources and increasing global awareness regarding environmental pollution and climate changes, the market is expected to witness further growth in the forecast period of 2022-2027.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of types, the Europe renewable energy market can be divided into hydropower, onshore wind, solar, and bio energy, among others. The major regional markets for renewable energy market are United Kingdom, Germany, France, and Italy, among others. The major players in the industry are The Juwi Holding AG, WKN GmbH, ABO Wind, Neoen, and JinkoSolar Holding Co., Ltd., among others.
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 market insights that are accurate, actionable and help them remain ahead of their competition.
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