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

The Report Covers Hungary Renewable Energy Market Size & Share and It is Segmented by Source (Biofuel, Solar, Wind, Hydropower, and Others). The Report Offers the Market Size and Forecasts Based On Installed Capacity for all the Above Segments.

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

Hungary Renewable Energy Market Size

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Hungary Renewable Energy Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 4.74 gigawatt
Market Volume (2030) 6.49 gigawatt
CAGR 6.50 %
Market Concentration High

Major Players

Hungary Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Hungary Renewable Energy Market Analysis

The Hungary Renewable Energy Market size in terms of installed base is expected to grow from 4.74 gigawatt in 2025 to 6.49 gigawatt by 2030, at a CAGR of 6.5% during the forecast period (2025-2030).

  • Over the medium term, favorable government policies and regulations and high solar energy potential are expected to drive the market during the forecast period.
  • On the other hand, the limited access to financing for developing renewable energy projects will likely hinder market growth.
  • Nevertheless, the ambitious renewable energy targets by European Union is expected to create significant opportunities for market studies during the forecasted period.

Hungary Renewable Energy Industry Overview

The Hungary renewable energy market is highly consolidated. Some of the key players in this market (in no particular order) include E.ON SE Sponsored ADR (Germany), China National Machinery Import and Export Corporation, MVM Group, MET Holding AG, and Solarpro Holding AD.

Hungary Renewable Energy Market Leaders

  1. E.ON SE Sponsored ADR (Germany)-

  2. China National Machinery Import and Export Corporation

  3. MVM Group

  4. MET Holding AG

  5. Solarpro Holding AD

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

  • January 2023: The construction of MET Gerjen Solar Park and MET Söjtör Solar Park was successfully concluded, and both solar power plants, with a combined capacity of 96 MWP, officially commenced commercial operations. These investments span a total area of 170 hectares across the two municipalities in Hungary. Completing these projects involved installing nearly 180,000 solar panels, solidifying their significant contribution to the country's renewable energy infrastructure.
  • May 2022: MVM Group, the state-owned energy company in Hungary, revealed plans to construct 28 new solar power plants, each with a capacity of 0.5 MW. The European Union partly funded this investment, aligning with the company's mid-term strategy to advance the adoption of renewable energy sources in Hungary. The project aligns with the country's commitment to achieving its 2050 climate goals and transitioning to a greener energy landscape. The newly planned solar power plants are expected to commence commercial operation in the coming year, contributing to the expansion of renewable energy generation in Hungary.

Hungary Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

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

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Hungary Renewable Energy Installation Capacity Forecast, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Government Supportive Policies and Regulations
    • 4.5.1.2 Solar Energy Potential
    • 4.5.2 Restraints
    • 4.5.2.1 Limited Access to Financing
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGEMENTATION

  • 5.1 Source
    • 5.1.1 Hydropower
    • 5.1.2 Wind
    • 5.1.3 Biofuel
    • 5.1.4 Solar
    • 5.1.5 Other Sources

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
  • 6.2 Strategies Adopted by Key Players
  • 6.3 Key Companies Profile
    • 6.3.1 E.ON SE Sponsored ADR (Germany)
    • 6.3.2 China National Machinery Import and Export Corporation
    • 6.3.3 MVM Group
    • 6.3.4 MET Holding AG
    • 6.3.5 GCL System Integration Technology Co Ltd
    • 6.3.6 Solarpro Holding AD
    • 6.3.7 ABO Wind

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Ambitious Renewable Energy Targets by European Union
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Hungary Renewable Energy Industry Segmentation

Renewable energy refers to energy derived from natural resources that are replenished or regenerated over a relatively short period. These energy sources are considered sustainable and have minimal negative environmental impacts compared to non-renewable energy sources, such as fossil fuels.

Hungary renewable energy market is segmented by source. By source, the market segmented into Biofuel, Solar, Wind, Hydropower, and Others. The market sizing and forecasts have been done for each segment based on installed capacity.

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Hungary Renewable Energy Market Research FAQs

How big is the Hungary Renewable Energy Market?

The Hungary Renewable Energy Market size is expected to reach 4.74 gigawatt in 2025 and grow at a CAGR of 6.5% to reach 6.49 gigawatt by 2030.

What is the current Hungary Renewable Energy Market size?

In 2025, the Hungary Renewable Energy Market size is expected to reach 4.74 gigawatt.

Who are the key players in Hungary Renewable Energy Market?

E.ON SE Sponsored ADR (Germany)-, China National Machinery Import and Export Corporation, MVM Group, MET Holding AG and Solarpro Holding AD are the major companies operating in the Hungary Renewable Energy Market.

What years does this Hungary Renewable Energy Market cover, and what was the market size in 2024?

In 2024, the Hungary Renewable Energy Market size was estimated at 4.43 gigawatt. The report covers the Hungary Renewable Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Hungary Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Hungary Renewable Energy Industry Report

Statistics for the 2025 Hungary Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hungary Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.