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France Wind Energy Market Size (2024 - 2029)

The France Wind Energy Market is anticipated to experience growth in its installed base over the forecast period, driven by increasing investments and the expansion of wind energy capacities. Despite challenges posed by competition from other renewable energy sources like hydropower and solar, as well as nuclear energy, the market is supported by favorable government policies and incentive schemes aimed at promoting renewable energy production. These factors are expected to create opportunities for the market's development, contributing to its overall market size expansion.

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Market Size of France Wind Energy Industry

France Wind Energy Market Size
Study Period 2019-2029
Base Year For Estimation 2023
Market Volume (2024) 22.72 gigawatt
Market Volume (2029) 32.52 gigawatt
CAGR (2024 - 2029) 7.43 %
Market Concentration Medium

Major Players

France Wind Energy Market Key Players

*Disclaimer: Major Players sorted in no particular order

France Wind Energy Market Analysis

The France Wind Energy Market size in terms of installed base is expected to grow from 22.72 gigawatt in 2024 to 32.52 gigawatt by 2029, at a CAGR of 7.43% during the forecast period (2024-2029).

Over the medium term, factors such as increasing investments, upcoming and ongoing wind energy projects, and expansion of wind energy capacities are expected to be significant drivers for the French wind energy market during the forecast period.

On the other hand, the widespread electricity generation from alternative renewable energy sources such as hydropower and solar and other sources such as nuclear energy are expected to be a significant restraint for the growth of the French wind energy market.

Nevertheless, the supportive government policies and related incentive schemes to support renewable energy production, particularly wind energy, have a strong backhold by the country to reduce its carbon footprints. This will create opportunities for the French wind energy market in the coming years.

France Wind Energy Industry Segmentation

Wind power is generated by the force of the wind, mainly through the rotor, which transforms kinetic energy into mechanical energy, and through the generator thus using the principal of faraday's law of electromagnetic induction which finally converts this mechanical energy into electrical energy.

France wind energy market is segmented by location and geography. By location, the market is segmented into onshore and offshore. For each segment, the market sizing and forecasts have been done based on installed capacity (gigawatts).

Location of Deployment
Onshore
Offshore
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France Wind Energy Market Size Summary

The French wind energy market is poised for significant growth over the forecast period, driven by increasing investments and the expansion of wind energy capacities. The market is expected to see a substantial increase in its installed base, supported by government policies and incentive schemes aimed at reducing carbon footprints. Despite the competition from other renewable energy sources like hydropower, solar, and nuclear energy, wind energy remains a crucial component of France's renewable energy strategy. The majority of the wind energy capacity in France currently comes from onshore wind farms, with ongoing and upcoming projects set to dominate the market. Notable developments include the construction of new onshore wind farms by companies such as SSE Renewables and RWE AG, which are expected to contribute significantly to the market's growth.

France's renewable energy landscape is evolving, with wind energy being a major player alongside hydropower and nuclear energy. However, the rapid growth of solar and bioenergy presents challenges to the wind energy sector. The country's solar power capacity has been expanding, with ambitious targets set for the future, while bioenergy projects like TotalEnergies' BioBéarn unit highlight the diversification of renewable energy sources. These developments may restrain the growth of the wind energy market. The French wind energy market is semi-consolidated, with key players including Engie SA, EDF Renewables, and Siemens Gamesa Renewable Energy. Recent government tenders and projects, such as France's largest offshore wind farm, underscore the ongoing commitment to expanding wind energy capacity in the country.

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France Wind Energy Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Wind Energy Installed Capacity and Forecast in GW, till 2028

    3. 1.3 Renewable Energy Mix, 2022

    4. 1.4 Recent Trends and Developments

    5. 1.5 Government Policies and Regulations

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

        1. 1.6.1.1 Favorable Government Policies for Renewable Energy

        2. 1.6.1.2 Adoption of Cleaner Power Generation Sources

      2. 1.6.2 Restraints

        1. 1.6.2.1 Competition from Nuclear Energy and Other Renewable Energy Alternatives

    7. 1.7 Supply Chain Analysis

    8. 1.8 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Location of Deployment

      1. 2.1.1 Onshore

      2. 2.1.2 Offshore

    2. 2.2

France Wind Energy Market Size FAQs

The France Wind Energy Market size is expected to reach 22.72 gigawatt in 2024 and grow at a CAGR of 7.43% to reach 32.52 gigawatt by 2029.

In 2024, the France Wind Energy Market size is expected to reach 22.72 gigawatt.

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