PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1629928
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1629928
Europe Renewable Energy Market, By Product; By Application; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
Europe Renewable Energy Market Size at Electrifying CAGR to Cross USD 476 Billion by 2031
Europe Renewable Energy Market is flourishing because of an increasing focus on addressing rising concerns and consciousness toward climate change and depleting fossil fuel reserves.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Europe Renewable Energy Market size at USD 289.1 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Europe Renewable Energy Market size to expand at a CAGR of 7.60% reaching a value of USD 476.4 billion by 2031. Growing energy crises and concerns about the environmental effects of fossil fuels are major growth factors for Europe Renewable Energy Market. Over the forecast period, governments' favorable policies and investments to reduce net greenhouse gas emissions by at least 55% by 2030 and reduce their reliance on imports of gas and oil are also projected to drive Europe Renewable Energy Market in the coming years.
Opportunity - Technological Advancements and Cost Reduction
Technological advancements and significant cost reductions in renewable energy technologies are expected to present growth opportunities for companies in Europe Renewable Energy Market during the forecast period. The declining cost of renewable energy technologies and equipment, including solar panels, wind turbines, and energy storage systems, is making them competitive compared to traditional depleting fossil fuel energy sources. Europe Renewable Energy Market is increasingly integrating advanced technologies, such as artificial intelligence (AI) and the Internet of Things (IoT), to collect and analyze vast amounts of data that can be used for various purposes, including predictive maintenance and managing demand fluctuations.
Impact of Escalating Geopolitical Tensions on Europe Renewable Energy Market
Intensifying geopolitical tensions may impact several aspects of Europe Renewable Energy Market, such as supply chain, investments, and installation projects. The disruption of the oil and gas industry and subsequent sanctions against Russia caused by Russia's invasion of Ukraine resulted in global energy crises. As a result, European nations began to reevaluate their reliance on imported fuel and redirect their resources and attention to the clean energy industry. The European Union "spends more than USD 10 on clean energy for energy USD 1 invested in fossil fuels," according to the International Energy Agency. However, rising tensions may disrupt the renewable energy projects and put pressure of inflation on the industry. It is anticipated that the market would effectively absorb these shocks, nevertheless.
Commercial Segment Dominated Europe Renewable Energy Market
The commercial segment accounts for the largest market share of Europe Renewable Energy Market. European nations are investing heavily in renewable energy infrastructure, as they are committed to accelerating the shift from fossil fuels to clean energy in significant sectors, such as transportation. Due to growing environmental concerns among Europeans, the residential segment is anticipated to record a high CAGR over the forecast period. They are investing significantly in rooftop solar panel installations to power their homes and electric vehicles, and the rate of installation is only expected to increase over the period in analysis.
Germany Leads Europe Renewable Energy Market
Germany dominates Europe Renewable Energy Market. The Solar and Hydrogen Research Centre Baden-Wuerttemberg and the German Association of Energy and Water report that 55% of Germany's total power consumption came from renewable sources. The country's increasing use of solar photovoltaics (PVs) is primarily responsible for the rise in the percentage of renewable energy. Spain has a significant market share, because of its significant investments in the solar energy industry.
Competitive Landscape
The major industry players of Europe Renewable Energy Market include TotalEnergies, EDF, Engie, Orsted, Vestas, Iberdrola, Enel Green Power, Acciona Energia, Fortum, and RWE. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Europe Renewable Energy Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Renewable Energy Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Europe Renewable Energy Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Climate Change Concerns
- 3.2.1.2. Depleting Fossil Fuel Reserves
- 3.2.1.3. Government Policies and Incentives
- 3.2.2. Restraints
- 3.2.2.1. High Initial Costs
- 3.2.2.2. Intermittency and Storage
- 3.2.3. Opportunities
- 3.2.3.1. Advancement in Technology
- 3.2.3.2. Increasing Energy Demand
- 3.2.4. Challenges
- 3.2.4.1. Grid Integration Challenges
- 3.2.4.2. Policy and Regulatory Uncertainty
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Europe Renewable Energy Market: Marketing Strategies
5. Europe Renewable Energy Market Overview
- 5.1. Market Size & Forecast, 2019-2031
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Product
- 5.2.1.1. Hydropower
- 5.2.1.2. Wind Power
- 5.2.1.3. Solar Power
- 5.2.1.4. Bioenergy
- 5.2.1.5. Others
- 5.2.2. By Application
- 5.2.2.1. Industrial
- 5.2.2.2. Residential
- 5.2.2.3. Commercial
- 5.2.3. By Country
- 5.2.3.1. Germany
- 5.2.3.2. United Kingdom
- 5.2.3.3. Italy
- 5.2.3.4. France
- 5.2.3.5. Spain
- 5.2.3.6. Belgium
- 5.2.3.7. Russia
- 5.2.3.8. The Netherlands
- 5.2.3.9. Rest of Europe
- 5.2.1. By Product
6. Germany Renewable Energy Market
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Application
7. United Kingdom Renewable Energy Market
- 7.1. Market Size & Forecast, 2019-2031
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Application
8. Italy Renewable Energy Market
- 8.1. Market Size & Forecast, 2019-2031
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Application
9. France Renewable Energy Market
- 9.1. Market Size & Forecast, 2019-2031
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Application
10. Spain Renewable Energy Market
- 10.1. Market Size & Forecast, 2019-2031
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Application
11. Belgium Renewable Energy Market
- 11.1. Market Size & Forecast, 2019-2031
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Product
- 11.2.2. By Application
12. Russia Renewable Energy Market
- 12.1. Market Size & Forecast, 2019-2031
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Product
- 12.2.2. By Application
13. The Netherlands Renewable Energy Market
- 13.1. Market Size & Forecast, 2019-2031
- 13.1.1. By Value (USD Billion)
- 13.2. Market Share & Forecast
- 13.2.1. By Product
- 13.2.2. By Application
14. Rest of Europe Renewable Energy Market
- 14.1. Market Size & Forecast, 2019-2031
- 14.1.1. By Value (USD Billion)
- 14.2. Market Share & Forecast
- 14.2.1. By Product
- 14.2.2. By Application
15. Competitive Landscape
- 15.1. List of Key Players and Their Offerings
- 15.2. Europe Renewable Energy Company Market Share Analysis, 2024
- 15.3. Competitive Benchmarking, By Operating Parameters
- 15.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
16. Impact of Escalating Geopolitical Tensions on Europe Renewable Energy Market
17. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 17.1. TotalEnergies
- 17.2. EDF
- 17.3. Engie
- 17.4. Orsted
- 17.5. Vestas
- 17.6. Iberdrola
- 17.7. Enel Green Power
- 17.8. Acciona Energia
- 17.9. Fortum
- 17.10. RWE
- 17.11. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
- 19.1. Qualitative Research
- 19.1.1. Primary & Secondary Research
- 19.2. Quantitative Research
- 19.3. Market Breakdown & Data Triangulation
- 19.3.1. Secondary Research
- 19.3.2. Primary Research
- 19.4. Breakdown of Primary Research Respondents, By Region
- 19.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Europe Renewable Energy Segmentation
- Figure 2 Europe Renewable Energy Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 Europe Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Figure 5 Europe Renewable Energy Market Share, By Product, By Value, 2019-2031
- Figure 6 Europe Renewable Energy Market Share, By Application, By Value, 2019-2031
- Figure 7 Europe Renewable Energy Market Share, By Country, By Value, 2019-2031
- Figure 8 Germany Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Figure 9 Germany Renewable Energy Market Share, By Product, By Value, 2019-2031
- Figure 10 Germany Renewable Energy Market Share, By Application, By Value, 2019-2031
- Figure 11 United Kingdom Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Figure 12 United Kingdom Renewable Energy Market Share, By Product, By Value, 2019-2031
- Figure 13 United Kingdom Renewable Energy Market Share, By Application, By Value, 2019-2031
- Figure 14 Italy Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Figure 15 Italy Renewable Energy Market Share, By Product, By Value, 2019-2031
- Figure 16 Italy Renewable Energy Market Share, By Application, By Value, 2019-2031
- Figure 17 France Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Figure 18 France Renewable Energy Market Share, By Product, By Value, 2019-2031
- Figure 19 France Renewable Energy Market Share, By Application, By Value, 2019-2031
- Figure 20 Spain Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Figure 21 Spain Renewable Energy Market Share, By Product, By Value, 2019-2031
- Figure 22 Spain Renewable Energy Market Share, By Application, By Value, 2019-2031
- Figure 23 Belgium Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Figure 24 Belgium Renewable Energy Market Share, By Product, By Value, 2019-2031
- Figure 25 Belgium Renewable Energy Market Share, By Application, By Value, 2019-2031
- Figure 26 Russia Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Figure 27 Russia Renewable Energy Market Share, By Product, By Value, 2019-2031
- Figure 28 Russia Renewable Energy Market Share, By Application, By Value, 2019-2031
- Figure 29 The Netherlands Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Figure 30 The Netherlands Renewable Energy Market Share, By Product, By Value, 2019-2031
- Figure 31 The Netherlands Renewable Energy Market Share, By Application, By Value, 2019-2031
- Figure 32 Rest of Europe Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Figure 33 Rest of Europe Renewable Energy Market Share, By Product, By Value, 2019-2031
- Figure 34 Rest of Europe Renewable Energy Market Share, By Application, By Value, 2019-2031
List of Tables
- Table 1 Europe Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Table 2 Europe Renewable Energy Market Size, By Product, By Value, 2019-2031
- Table 3 Europe Renewable Energy Market Size, By Application, By Value, 2019-2031
- Table 4 Europe Renewable Energy Market Size, By Country, By Value, 2019-2031
- Table 5 Germany Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Table 6 Germany Renewable Energy Market Size, By Product, By Value, 2019-2031
- Table 7 Germany Renewable Energy Market Size, By Application, By Value, 2019-2031
- Table 8 United Kingdom Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Table 9 United Kingdom Renewable Energy Market Size, By Product, By Value, 2019-2031
- Table 10 United Kingdom Renewable Energy Market Size, By Application, By Value, 2019-2031
- Table 11 Italy Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Table 12 Italy Renewable Energy Market Size, By Product, By Value, 2019-2031
- Table 13 Italy Renewable Energy Market Size, By Application, By Value, 2019-2031
- Table 14 France Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Table 15 France Renewable Energy Market Size, By Product, By Value, 2019-2031
- Table 16 France Renewable Energy Market Size, By Application, By Value, 2019-2031
- Table 17 Spain Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Table 18 Spain Renewable Energy Market Size, By Product, By Value, 2019-2031
- Table 19 Spain Renewable Energy Market Size, By Application, By Value, 2019-2031
- Table 20 Belgium Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Table 21 Belgium Renewable Energy Market Size, By Product, By Value, 2019-2031
- Table 22 Belgium Renewable Energy Market Size, By Application, By Value, 2019-2031
- Table 23 Russia Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Table 24 Russia Renewable Energy Market Size, By Product, By Value, 2019-2031
- Table 25 Russia Renewable Energy Market Size, By Application, By Value, 2019-2031
- Table 26 The Netherlands Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Table 27 The Netherlands Renewable Energy Market Size, By Product, By Value, 2019-2031
- Table 28 The Netherlands Renewable Energy Market Size, By Application, By Value, 2019-2031
- Table 29 Rest of Europe Renewable Energy Market Size, By Value (USD Billion), 2019-2031
- Table 30 Rest of Europe Renewable Energy Market Size, By Product, By Value, 2019-2031
- Table 31 Rest of Europe Renewable Energy Market Size, By Application, By Value, 2019-2031
- Table 32 TotalEnergies Company Overview
- Table 33 TotalEnergies Financial Overview
- Table 34 EDF Company Overview
- Table 35 EDF Financial Overview
- Table 36 Engie Company Overview
- Table 37 Engie Financial Overview
- Table 38 Orsted Company Overview
- Table 39 Orsted Financial Overview
- Table 40 Vestas Company Overview
- Table 41 Vestas Financial Overview
- Table 42 Iberdrola Company Overview
- Table 43 Iberdrola Financial Overview
- Table 44 Enel Green Power Company Overview
- Table 45 Enel Green Power Financial Overview
- Table 46 Acciona Energia Company Overview
- Table 47 Acciona Energia Financial Overview
- Table 48 Fortum Company Overview
- Table 49 Fortum Financial Overview
- Table 50 RWE Company Overview
- Table 51 RWE Financial Overview
