Market Size of Poland Wind Energy Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 7.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Poland Wind Energy Market Analysis
The Polish wind energy market is expected to record a CAGR of more than 7.5% during the forecast period. The Polish wind energy market fairly remained unaffected during the outbreak of the COVID-19 pandemic in Q1 of 2020 as the country's installed wind energy capacity increased by 1 gigawatt (GW). It was expected the economic slowdown would have a negative impact on renewable projects. However, no significant impact was seen in key wind projects. Factors such as the declining cost of wind power generation, increasing sensitivity toward environmental issues, and support from the government through financial incentives will drive the market for wind energy during the forecast period. On the flip side, the substitution of solar energy and gas-fired power plants is expected to continue to restrain the market. The solar energy industry achieved cost reduction significantly higher than the wind energy sector.
- With a significant onshore wind energy capacity of around 6.26 GW in 2020, the onshore sub-sector is expected to dominate the wind energy market in Poland during the forecast period.
- Increased demand for electricity in the country is expected to provide market opportunities for wind power development. The massive wind power potential and a decline in the cost of wind energy are expected to provide widespread business opportunities to the market in the coming years.
- Favorable government policies and increasing investments in the wind energy sector will likely drive the market during the forecast period.
Poland Wind Energy Industry Segmentation
The Polish wind energy market report includes:
Location of Deployment | |
Onshore | |
Offshore |
Poland Wind Energy Market Size Summary
The Polish wind energy market is poised for significant growth, driven by a combination of favorable government policies, declining costs of wind power generation, and increasing environmental awareness. Despite the challenges posed by the COVID-19 pandemic, the market demonstrated resilience, with substantial capacity additions. The onshore wind energy sector, which currently holds a dominant position, is expected to continue leading the market due to its substantial capacity and the country's growing electricity demand. The government's commitment to reducing coal dependency and increasing the share of renewable energy sources, including wind, aligns with its broader environmental goals and European Union commitments. This strategic focus is further supported by financial incentives and investments in wind energy projects, both onshore and offshore.
The market landscape is characterized by moderate fragmentation, with key players such as Acciona SA, Orsted AS, Siemens Gamesa Renewable Energy, Vestas Wind Systems AS, and EDF Renewables actively participating. Recent developments, including the construction of new wind farms and partnerships for offshore projects, underscore the dynamic nature of the market. The Polish government's initiatives, such as the Offshore Wind Act, aim to facilitate substantial offshore wind capacity expansion, contributing to the country's renewable energy targets. As a result, the wind energy market in Poland is expected to experience robust growth, supported by strategic investments and a conducive regulatory environment.
Poland Wind Energy Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Wind Energy Installed capacity and Forecast in GW, Poland, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Location of Deployment
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2.1.1 Onshore
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2.1.2 Offshore
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Poland Wind Energy Market Size FAQs
What is the current Poland Wind Energy Market size?
The Poland Wind Energy Market is projected to register a CAGR of greater than 7.5% during the forecast period (2024-2029)
Who are the key players in Poland Wind Energy Market?
EDF Renewables, Orsted A/S, Acciona S.A., Siemens Gamesa Renewable Energy and Vestas Wind Systems A/S are the major companies operating in the Poland Wind Energy Market.