European Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Market Report Covers European Renewable Energy Companies and is Segmented by Type (Hydropower, Solar, Wind, and Others) and Geography (Germany, United Kingdom, Italy, Spain, France, and Rest of Europe).

European Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Renewable Energy Market Size

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Europe Renewable Energy Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 7.00 %
Market Concentration Low

Major Players

Europe Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe Renewable Energy Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Europe Renewable Energy Market Analysis

The Europe Renewable Energy Market is expected to register a CAGR of greater than 7% during the forecast period.

  • Wind Energy segment is expected to dominate the market as many wind farms have been built across South Europe. Large coastal borders with the Mediterranean Sea in Southern Europe with the peninsular regions like Italy and Iberia also provide for fertile ground for investments in offshore wind projects.
  • New technologies and materials like the latest research going on the perovskites are expected to increase the efficiency of the solar cells, which is likely to act as an opportunity for the market players.
  • Germany is expected to have largest share of solar energy among the nations, which is inturn expected to dominate the Europe renewable energy market during the forecast period.

Europe Renewable Energy Industry Overview

The Europe renewable energy market is fragmented. Some of the key players in this market are Enel Green Power S.p.A., ContourGlobal PLC, Acciona SA, Abengoa SA, and EDF SA.

Europe Renewable Energy Market Leaders

  1. ContourGlobal PLC

  2. Enel Green Power S.p.A.

  3. Acciona SA

  4. Abengoa SA

  5. EDF SA

  6. *Disclaimer: Major Players sorted in no particular order
Europe Renewable Energy Market Concentration
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Europe Renewable Energy Market News

  • In September 2022, Orsted AS entered into an agreement with Ostwind, a developer of wind and solar PV projects in Germany and France, to acquire a 100 per cent equity interest in OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & Co. K.G., OSTWIND International S.A.S., and OSTWIND Engineering S.A.S.
  • In September 2022, Mercedes-Benz, a German luxury and commercial vehicle automotive manufacturer has, announced its plan to build a wind farm in the northwestern German state of Lower Saxony, by the year 2025, which will be able to produce a hundred megawatts of electricity, equivalent to over 15 per cent of the carmaker's annual demand in Germany.

Europe Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Installed Capacity Forecast in GW, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Recent Trends and Developments
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Hydropower
    • 5.1.2 Solar
    • 5.1.3 Wind
    • 5.1.4 Others
  • 5.2 Geography
    • 5.2.1 Germany
    • 5.2.2 United Kingdom
    • 5.2.3 Italy
    • 5.2.4 Spain
    • 5.2.5 France
    • 5.2.6 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Enel Green Power S.p.A.
    • 6.3.2 ContourGlobal PLC
    • 6.3.3 Acciona S.A.
    • 6.3.4 Abengoa SA
    • 6.3.5 Électricité de France S.A.
    • 6.3.6 Andritz AG
    • 6.3.7 Hanwha Q Cells Co., Ltd.
    • 6.3.8 Repsol S.A.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Renewable Energy Industry Segmentation

The scope of Europe renewable energy market report includes:

Type Hydropower
Solar
Wind
Others
Geography Germany
United Kingdom
Italy
Spain
France
Rest of Europe
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Europe Renewable Energy Market Research FAQs

What is the current Europe Renewable Energy Market size?

The Europe Renewable Energy Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in Europe Renewable Energy Market?

ContourGlobal PLC, Enel Green Power S.p.A., Acciona SA, Abengoa SA and EDF SA are the major companies operating in the Europe Renewable Energy Market.

What years does this Europe Renewable Energy Market cover?

The report covers the Europe Renewable Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

European Renewable Energy Industry Report

The Europe renewable energy market is witnessing significant growth, driven by a shift towards sustainable and alternative power sources amid the phasing out of nuclear plants and rising electricity demand. As part of the global renewable energy industry, which is expected to see robust growth, Europe is developing a diverse mix of energy sources, with hydropower leading in capacity, followed by onshore wind, solar, and bioenergy. Key countries like Germany, Italy, the United Kingdom, and Spain are leading this transition, with a notable surge in wind energy in Southern Europe due to its favorable geography. Technological advancements are enhancing the efficiency of renewable sources, especially solar, offering new growth opportunities. Despite challenges like the high cost of energy storage, the market is set for expansion, supported by government policies and environmental awareness. Renewable energy companies in Europe are crucial to this sustainable future. For detailed statistics, market share, size, revenue growth rate, and a forecast outlook, refer to Mordor Intelligence™ Industry Reports, offering comprehensive analysis and free report PDF download on the European Renewable Energy market.