Summary

Valued at USD 958.45 million in 2024, the Europe Renewable Energy Market is expected to witness a compound annual growth rate (CAGR) of 13.16% between 2025 and 2035. Europe's renewable energy market is witnessing strong competition fueled by innovations in offshore wind, solar photovoltaic technology, and energy storage.
Supportive Government Policies and Incentives
Europe is really pushing for renewable energy, and it's mostly because of the government's supportive policies and incentives. They're creating rules and giving out subsidies to help the switch from fossil fuels to clean energy. The European Green Deal and Renewable Energy Directives are big plans that aim to reduce emissions and increase renewable energy use.
By Type, Material Type, and End-Use
Type
- Hydropower: Reliable renewable electricity through water flow generation.
- Wind Energy: Clean electricity generated using onshore and offshore winds.
- Solar Energy: Sunlight converted into electricity using photovoltaic systems.
- Bioenergy: Energy produced from organic biomass and waste.
- Geothermal Energy: Heat from Earth used for power generation.
- Ocean Energy: Energy harnessed from tides, waves, currents.
Material Type
- Recycled Materials: Sustainable materials derived from reused industrial waste.
- Bio-Based Materials: Materials sourced from renewable biological resources.
- Low-Impact Materials: Environmentally friendly materials with minimal ecological footprint.
End-Use
- Residential: Renewable energy adoption for household electricity needs.
- Industrial: Large-scale renewable energy for manufacturing operations.
- Commercial: Clean energy solutions for offices and businesses.
Strengthening Offshore Wind Portfolio
The company, EDF Renewables has teamed up with Repsol to go after offshore wind projects in Spain and Portugal. The Iberian Peninsula has a lot of potential for renewable energy growth.
Strategic Partnerships for Market Expansion
The partnership between EDF Renewables and Repsol for offshore wind projects in Spain and Portugal, companies are combining their resources to get stronger in the market. This is a key strategy in the European renewable energy market, and it's helping companies grow and succeed.

Key Report Attributes
- Market Size 2024: USD 958.45 Million
- CAGR (2025-2035): 13.16%
- Base Year: 2024
- Market Forecast Period: 2025-2035

Industry Segmentations Growth
- By Type: Hydropower - 9.7%, Wind Energy - 15.5%.
- By Material Type: Recycled Materials - 13.2%, Bio-Based Materials - 11.3%.
- By End-Use: Residential - 12.3%, Industrial - 14.4%.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ....... 17
2 MARKET INTRODUCTION ........ 21
2.1 DEFINITION ...... 21
2.2 SCOPE OF THE STUDY ...... 21
2.3 RESEARCH OBJECTIVE ........ 21
2.4 MARKET STRUCTURE ...... 22
3 RESEARCH METHODOLOGY ...... 23
3.1 OVERVIEW ........ 23
3.2 DATA FLOW ...... 26
3.2.1 DATA MINING PROCESS ..... 26
3.3 PURCHASED DATABASE: ..... 27
3.4 SECONDARY SOURCES: ........ 28
3.4.1 SECONDARY RESEARCH DATA FLOW: ..... 29
3.5 PRIMARY RESEARCH: ....... 30
3.5.1 PRIMARY RESEARCH DATA FLOW: ..... 31
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED ..... 32
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ....... 33
3.6.1 TRADE ANALYSIS APPROACH ..... 33
3.7 DATA FORECASTING..... 33
3.7.1 DATA FORECASTING TECHNIQUE ........ 34
3.8 DATA MODELING ........ 35
3.8.1 MICROECONOMIC FACTOR ANALYSIS: ........ 35
3.8.2 DATA MODELING: ....... 35
3.9 TEAMS AND ANALYST CONTRIBUTION ....... 38
4 MARKET DYNAMICS ........ 40
4.1 INTRODUCTION ....... 40
4.2 DRIVERS ..... 40
4.2.1 GROWING AWARENESS OF CLIMATE CHANGE AND ENVIRONMENTAL DEGRADATION ...... 40
4.2.2 SUPPORTIVE GOVERNMENT POLICIES AND INCENTIVES ..... 42
4.3 RESTRAINTS ........ 43
4.3.1 INTERMITTENCY AND GRID INTEGRATION CHALLENGES ..... 43
4.4 OPPORTUNITY ..... 44
4.4.1 DEVELOPMENT OF ADVANCED ENERGY STORAGE TECHNOLOGIES ...... 44
4.4.2 ELECTRIFICATION OF THE TRANSPORTATION SECTOR ........ 46
4.5 IMPACT ANALYSIS OF COVID-19 ...... 48
5 MARKET FACTOR ANALYSIS ...... 49
5.1 SUPPLY/VALUE CHAIN ANALYSIS ..... 49
5.1.1 RAW MATERIAL SUPPLY ..... 49
5.1.2 COMPONENT MANUFACTURING ..... 51
5.1.3 PROJECT DEVELOPMENT & EPC ..... 53
5.1.4 INSTALLATION & COMMISSIONING ..... 55
5.2 PORTER’S FIVE FORCES MODEL ....... 58
5.2.1 THREAT OF NEW ENTRANTS ....... 58
5.2.2 BARGAINING POWER OF SUPPLIERS ....... 59
5.2.3 BARGAINING POWER OF BUYERS ........ 59
5.2.4 THREAT OF SUBSTITUTES ...... 59
5.2.5 INTENSITY OF RIVALRY ...... 60
5.3 REGULATORY FRAMEWORK ..... 61
5.3.1 GOVERNMENT POLICIES ..... 61
5.3.2 CERTIFICATIONS & STANDARDS ..... 62
5.4 TECHNOLOGICAL ADVANCEMENTS AND INNOVATIONS ...... 63
5.5 CASE STUDY ANALYSIS ...... 65
5.5.1 THE HORNSEA ONE OFFSHORE WIND FARM ........ 65
5.5.2 AMSTERDAM’S SMART SOLAR ROOFTOP INITIATIVE ....... 67
5.6 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREAS ...... 69
5.6.1 BASED ON TYPE ..... 69
5.6.2 BASED ON END USE ........ 70
5.7 R & D UPDATE ...... 71
5.7.1 CURRENT SCENARIO ...... 71
5.7.2 FUTURE ROADMAP ..... 72
5.7.3 CHALLENGES ..... 72
5.7.4 NOVEL APPLICATIONS ....... 73
5.7.5 KEY DEVELOPMENTS ...... 74
5.8 PESTEL ANALYSIS ..... 75
6 EUROPE RENEWABLE ENERGY MARKET, BY TYPE ........ 77
6.1 INTRODUCTION ....... 77
6.1.1 HYDROPOWER ........ 78
6.1.2 WIND ENERGY ........ 78
6.1.3 SOLAR ENERGY ...... 79
6.1.4 BIOENERGY ........ 79
6.1.5 GEOTHERMAL ENERGY ....... 79
6.1.6 OCEAN ENERGY ...... 80
7 EUROPE RENEWABLE ENERGY MARKET, BY MATERIAL TYPE ..... 81
7.1 INTRODUCTION ....... 81
7.2 RECYCLED MATERIALS ....... 82
7.3 BIO-BASED MATERIALS....... 82
7.4 LOW-IMPACT MATERIALS ..... 83
8 EUROPE RENEWABLE ENERGY MARKET, BY END-USER ....... 84
8.1 INTRODUCTION ....... 84
8.1.1 RESIDENTIAL...... 84
8.1.2 INDUSTRIAL ....... 85
8.1.3 COMMERCIAL ........ 85
9 EUROPE RENEWABLE ENERGYMARKET, BY COUNTRY ..... 86
9.1.1 GERMANY ...... 88
9.1.2 FRANCE ..... 89
9.1.3 UK ..... 90
9.1.4 SPAIN ........ 91
9.1.5 ITALY ..... 92
9.1.6 NETHERLANDS ....... 93
9.1.7 BELGIUM ........ 94
9.1.8 AUSTRIA ........ 95
9.1.9 POLAND ..... 96
9.1.10 CZECH REPUBLIC ....... 97
9.1.11 SLOVAKIA ...... 98
9.1.12 HUNGARY ...... 99
9.1.13 ROMANIA ....... 100
9.1.14 BALTIC COUNTRIES ........ 101
9.1.15 REST OF EUROPE ........ 102
10 COMPETITIVE LANDSCAPE ........ 104
10.1 INTRODUCTION ....... 104
10.2 COMPETITION DASHBOARD ....... 105
10.3 MARKET SHARE ANALYSIS, 2023 ....... 105
10.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL ...... 106
10.5 KEY DEVELOPMENTS & GROWTH STRATEGIES ........ 107
10.5.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT ........ 107
10.5.2 JOINT VENTURES ....... 108
11 COMPANY PROFILES ...... 110
11.1 SIEMENS GAMESA ..... 110
11.1.1 COMPANY OVERVIEW ..... 110
11.1.2 FINANCIAL OVERVIEW ........ 111
11.1.3 PRODUCTS OFFERED ...... 111
11.1.4 KEY DEVELOPMENTS ...... 111
11.1.5 SWOT ANALYSIS ........ 112
11.1.6 KEY STRATEGY ....... 112
11.2 EDF RENEWABLES..... 113
11.2.1 COMPANY OVERVIEW ..... 113
11.2.2 FINANCIAL OVERVIEW ........ 114
11.2.3 PRODUCTS OFFERED ...... 114
11.2.4 KEY DEVELOPMENTS ...... 114
11.2.5 SWOT ANALYSIS ........ 115
11.2.6 KEY STRATEGY ....... 115
11.3 ØRSTED ...... 116
11.3.1 COMPANY OVERVIEW ..... 116
11.3.2 FINANCIAL OVERVIEW ........ 117
11.3.3 PRODUCTS OFFERED ...... 117
11.3.4 KEY DEVELOPMENTS ...... 118
11.3.5 SWOT ANALYSIS ........ 119
11.3.6 KEY STRATEGY ....... 119
11.4 ACCONIA S.A. ....... 120
11.4.1 COMPANY OVERVIEW ..... 120
11.4.2 FINANCIAL OVERVIEW ........ 121
11.4.3 PRODUCTS OFFERED ...... 121
11.4.4 KEY DEVELOPMENTS ...... 122
11.4.5 SWOT ANALYSIS ........ 122
11.4.6 KEY STRATEGY ....... 122
11.5 IBERDROLA ....... 123
11.5.1 COMPANY OVERVIEW ..... 123
11.5.2 FINANCIAL OVERVIEW ........ 124
11.5.3 PRODUCTS OFFERED ...... 124
11.5.4 KEY DEVELOPMENTS ...... 124
11.5.5 SWOT ANALYSIS ........ 125
11.5.6 KEY STRATEGY ....... 125
11.6 ENEL GREEN POWER ........ 126
11.6.1 COMPANY OVERVIEW ..... 126
11.6.2 FINANCIAL OVERVIEW ........ 127
11.6.3 PRODUCTS OFFERED ...... 127
11.6.4 KEY DEVELOPMENTS ...... 127
11.6.5 SWOT ANALYSIS ........ 128
11.6.6 KEY STRATEGY ....... 128
11.7 VESTAS ...... 129
11.7.1 COMPANY OVERVIEW ..... 129
11.7.2 FINANCIAL OVERVIEW ........ 130
11.7.3 PRODUCTS OFFERED ...... 130
11.7.4 KEY DEVELOPMENTS ...... 131
11.7.5 SWOT ANALYSIS ........ 131
11.7.6 KEY STRATEGY ....... 132
11.8 BROOKFIELD RENEWABLE PARTNERS ..... 133
11.8.1 COMPANY OVERVIEW ..... 133
11.8.2 FINANCIAL OVERVIEW ........ 134
11.8.3 PRODUCTS OFFERED ...... 134
11.8.4 KEY DEVELOPMENTS ...... 134
11.8.5 SWOT ANALYSIS ........ 135
11.8.6 KEY STRATEGY ....... 135
11.9 FIRST SOLAR ........ 136
11.9.1 COMPANY OVERVIEW ..... 136
11.9.2 FINANCIAL OVERVIEW ........ 137
11.9.3 PRODUCTS OFFERED ...... 137
11.9.4 KEY DEVELOPMENTS ...... 137
11.9.5 SWOT ANALYSIS ........ 138
11.9.6 KEY STRATEGY ....... 138
11.10 CANADIAN SOLAR ..... 139
11.10.1 COMPANY OVERVIEW ..... 139
11.10.2 FINANCIAL OVERVIEW ........ 140
11.10.3 PRODUCTS OFFERED ...... 140
11.10.4 KEY DEVELOPMENTS ...... 141
11.10.5 SWOT ANALYSIS ........ 141
11.10.6 KEY STRATEGY ....... 141
11.11 DATA CITATIONS ....... 143

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List of Tables/Graphs

LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 36
TABLE 2 EUROPE RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 77
TABLE 3 EUROPE RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 81
TABLE 4 EUROPE RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 84
TABLE 5 EUROPE RENEWABLE ENERGYMARKET, BY COUNTRY, 2019-2035 (USD BILLION) 87
TABLE 6 GERMANY RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 88
TABLE 7 GERMANY RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 88
TABLE 8 GERMANY RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 88
TABLE 9 FRANCE RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 89
TABLE 10 FRANCE RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 89
TABLE 11 FRANCE RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 89
TABLE 12 UK RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 90
TABLE 13 UK RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 90
TABLE 14 UK RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 90
TABLE 15 SPAIN RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 91
TABLE 16 SPAIN RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 91
TABLE 17 SPAIN RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 91
TABLE 18 ITALY RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 92
TABLE 19 ITALY RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 92
TABLE 20 ITALY RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 92
TABLE 21 NETHERLANDS RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 93
TABLE 22 NETHERLANDS RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 93
TABLE 23 NETHERLANDS RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 93
TABLE 24 BELGIUM RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 94
TABLE 25 BELGIUM RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 94
TABLE 26 BELGIUM RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 94
TABLE 27 AUSTRIA RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 95
TABLE 28 AUSTRIA RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 95
TABLE 29 AUSTRIA RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 95
TABLE 30 POLAND RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 96
TABLE 31 POLAND RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 96
TABLE 32 POLAND RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 96
TABLE 33 CZECH REPUBLIC RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 97
TABLE 34 CZECH REPUBLIC RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 97
TABLE 35 CZECH REPUBLIC RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 97
TABLE 36 SLOVAKIA RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 98
TABLE 37 SLOVAKIA RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 98
TABLE 38 SLOVAKIA RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 98
TABLE 39 HUNGARY RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 99
TABLE 40 HUNGARY RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 99
TABLE 41 HUNGARY RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 99
TABLE 42 ROMANIA RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 100
TABLE 43 ROMANIA RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 100
TABLE 44 ROMANIA RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 100
TABLE 45 BALTIC COUNTRIES RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 101
TABLE 46 BALTIC COUNTRIES RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 101
TABLE 47 BALTIC COUNTRIES RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 101
TABLE 48 REST OF EUROPE RENEWABLE ENERGY MARKET, BY TYPE, 2019-2035 (USD BILLION) 102
TABLE 49 REST OF EUROPE RENEWABLE ENERGY MARKET, BY MATERIAL TYPE, 2019-2035 (USD BILLION) 102
TABLE 50 REST OF EUROPE RENEWABLE ENERGY MARKET, BY END-USER, 2019-2035 (USD BILLION) 102
TABLE 51 COMPETITION DASHBOARD: EUROPE RENEWABLE ENERGY MARKET 105
TABLE 52 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL 106
TABLE 53 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT 107
TABLE 54 JOINT VENTURES 108
TABLE 55 SIEMENS GAMESA: PRODUCTS OFFERED 111
TABLE 56 EDF RENEWABLES: PRODUCTS OFFERED 114
TABLE 57 EDF RENEWABLES: KEY DEVELOPMENTS 114
TABLE 58 ØRSTED: PRODUCTS OFFERED 117
TABLE 59 ØRSTED: KEY DEVELOPMENTS 118
TABLE 60 ACCONIA S.A.: PRODUCTS OFFERED 121
TABLE 61 IBERDROLA: PRODUCTS OFFERED 124
TABLE 62 ENEL GREEN POWER: PRODUCTS OFFERED 127
TABLE 63 ENEL GREEN POWER: KEY DEVELOPMENTS 127
TABLE 64 VESTAS: PRODUCTS OFFERED 130
TABLE 65 VESTAS: KEY DEVELOPMENTS 131
TABLE 66 BROOKFIELD RENEWABLE PARTNERS: PRODUCTS OFFERED 134
TABLE 67 FIRST SOLAR: PRODUCTS OFFERED 137
TABLE 68 CANADIAN SOLAR: PRODUCTS OFFERED 140