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Netherlands Renewable Energy Market Size (2024 - 2029)

The Netherlands renewable energy market is poised for growth, driven by factors such as increased energy generation, reduced reliance on fossil fuels, and heightened environmental awareness. Despite technological and cost challenges, the market's capacity is expanding, with wind energy expected to surpass solar energy in share due to private sector involvement. The declining costs of renewable energy are creating opportunities for market expansion without the need for government subsidies, further enhancing the market's potential.

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Market Size of Netherlands Renewable Energy Industry

Netherlands Renewable Energy Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR < 7.34 %
Market Concentration Medium

Major Players

Netherlands Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Renewable Energy in Netherlands Market Analysis

The market for renewable energy in the Netherlands is expected to register a CAGR of approximately 7.34% during the forecast period. The COVID-19 pandemic had no significant impact on the market, as the country witnessed growth in renewable energy installed capacity in 2020 as well. However, projects like the Fryslan wind energy project were delayed by a quarter in 2020. Factors such as increasing renewable energy generation, reducing dependence upon fossil fuels, rising environmental awareness, and the government's push toward following the Paris climate accord are expected to boost the demand in the Dutch renewable energy market. However, technological and cost constraints in the renewable energy market are impeding the growth of the market.

  • Till 2020, solar energy dominated the renewable energy market, with around 57.7% share of the installed renewable energy capacity. This is expected to change considerably during the forecast period, with wind energy taking a large share of renewable energy and becoming the largest in the segment. This growth can be attributed to the private players' involvement in trying to increase wind energy profits.
  • The prices of renewable energy are decreasing steadily and, in some places, out-competing the national average price per kilowatt. As the prices fall further, renewable energy is expected to sustain without governmental subsidies, thereby forming an opportunity for the companies to grow further in the sector.
  • Renewable energy generation has been increasing steadily in the country, with a significant increase in the amount of solar energy being produced in the country.

Renewable Energy in Netherlands Industry Segmentation

Netherlands renewable energy market report includes:

Source
Wind
Solar
Biomass
Other Sources
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Netherlands Renewable Energy Market Size Summary

The renewable energy market in the Netherlands is poised for significant growth, driven by a combination of increasing environmental awareness, government initiatives, and a shift towards sustainable energy sources. The market is expected to experience a robust expansion, with wind energy anticipated to take a leading role in the renewable energy segment. This shift is supported by the involvement of private players aiming to enhance wind energy profitability. The declining costs of renewable energy are making it increasingly competitive, with the potential to operate independently of government subsidies, thereby creating further opportunities for industry growth. The Dutch government's commitment to the Paris Climate Agreement and its ambitious targets for renewable energy generation are key factors propelling the market forward.

The Netherlands is actively working to meet its renewable energy goals, with a focus on wind and solar power. The Dutch Climate Agreement outlines a significant increase in renewable energy capacity, aiming for a substantial reduction in CO2 emissions by 2030. The government is providing strong support through a favorable regulatory framework, ambitious capacity targets, and incentives to attract investment in the sector. Major players in the market, such as Vattenfall AB and Siemens AG, are contributing to the development of wind and solar projects, further bolstering the industry's growth prospects. The market's partial fragmentation is evident with ongoing projects and plans for new installations, including solar parks and wind farms, which are expected to enhance the country's renewable energy capacity significantly.

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Netherlands Renewable Energy Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Installed Capacity and Forecast in GW, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE ANALYSIS

  2. 2. MARKET SEGMENTATION

    1. 2.1 Source

      1. 2.1.1 Wind

      2. 2.1.2 Solar

      3. 2.1.3 Biomass

      4. 2.1.4 Other Sources

Netherlands Renewable Energy Market Size FAQs

The Netherlands Renewable Energy Market is projected to register a CAGR of less than 7.34% during the forecast period (2024-2029)

Vattenfall AB, Sunstroom Engineering BV, Siemens AG , Orsted A/S and DMEGC Solar Energy are the major companies operating in the Netherlands Renewable Energy Market.

Netherlands Renewable Energy Market Report Snapshots

Netherlands Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)