Switzerland Renewable Energy Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Switzerland Renewable Energy Market Analysis
Switzerland's renewable energy market is expected to grow at a CAGR of over 3% during the forecast period of 2020 - 2025. The growing concerns regarding greenhouse gas emissions and other pollutants that lead to consequences like environmental damage and global warming are prompting governments to look for cleaner power generation options. This is likely to drive the Switzerland renewable energy market. However, stagnant demand for electricity in the country is expected to restrain the Switzerland renewable energy market.
- The hydro segment, with the highest installed power generating capacity, dominates the market of Switzerland renewable energy, in 2019.
- Switzerland's government signed an agreement in 2017, to reduce greenhouse gas emissions by 50% of its 1990 level by 2030, primarily by cutting domestic emissions. This agreement is likely to create several opportunities for Switzerland renewable energy market in the future.
- Increasing installed capacity for solar as well as hydro power in the country is likely to drive the Switzerland renewable energy market during the forecast period.
Switzerland Renewable Energy Market Trends
This section covers the major market trends shaping the Switzerland Renewable Energy Market according to our research experts:
Hydro Power Segment to Dominate the Market
- As of 2018, out of total electricity generated by renewable sources, 90% was produced by hydropower in the country, amounting to 37,802 gigawatt-hour, which was higher than the previous year's record of 37,033 gigawatt-hour (GWh).
- Due to the mountainous landscape and numerous rivers in the country, Switzerland has more than 500 hydropower plants with the capacity equal to or greater than 300 kilowatts (KW). Out of these hydro plants, 47% are run-of-river power plants, 49% are storage power plants, and the remaining 4% is pumped storage power plants. Approximately two-thirds of the electricity generated in the country is by hydro energy.
- As of 2019, Nant de Drance hydropower plant is under construction and is expected to be fully operational by 2021. The power plant has the capacity of 900 megawatts (MW) and is expected to generate 2500 gigawatt-hour (GWh) of energy annually.
- In 2019, Apox started a pilot project of a digital hydropower plant in Kraftwerken Sarganserland, Switzerland. The pilot team is going to implement 20 different ways for the next one year, after which the next steps for the digitalization is likely to be finalized.
- Therefore, owing to the above points, it can be stated that hydro energy is likely to dominate the Switzerland renewable energy market during the forecast period.
Increasing Renewable Energy Installations Expected to Drive the Market
- In 2018, more than 30% of the electricity generation in the country was from renewable energy sources and remaining from nuclear energy. The government of Switzerland has planned to reduce greenhouse gases emission by 50% from the value of 1990 by 2030 by installing more renewable energy generation plants. In 2018, the electricity generation from renewable energy was 41,754 gigawatt-hours (GWh).
- In 2018, the total renewable energy generation plant installed capacity was 17,409 megawatt (MW), which was higher than the installation capacity of 2017, 17,049 megawatts (MW).
- In 2019, the Romande Energie Company unveiled the first part of its floating solar project in Bourg-Saint-Pierre, after six years of exploratory work. A solar panel project which could power over 6,000 households has been launched in a mountain lake in southwestern Switzerland.
- In 2019, Apox announced a solar plant with over 6,000 photovoltaic modules would be installed on the dam in the Glarus Alps. The plant will produce approximately 2.7 gigawatt-hours of electricity per year, equal to the consumption of 600 households. The solar plant will cover a surface of 10,000 square meters. Thus combinig solar energy with the hydro energy, which make both more efficient and reliable.
- Hence, the above points indicate that increasing renewable energy installed capacity is expected to drive the Switzerland renewable energy market during the forecast period.
Switzerland Renewable Energy Industry Overview
The Switzerland renewable energy market is moderately consolidated. Some of key players in this market include Axpo Holding AG, Landustrie Sneek BV, SGS Renewable Energy, CTU Clean Technology Universe AG, and Mall GmbH.
Switzerland Renewable Energy Market Leaders
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Axpo Holding AG
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Landustrie Sneek BV
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SGS Renewable Energy
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CTU Clean Technology Universe AG
*Disclaimer: Major Players sorted in no particular order
Switzerland Renewable Energy Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. EXECUTIVE SUMMARY
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3. RESEARCH METHODOLOGY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Switzerland Renewable Energy Installed Capacity Forecast, in Megawatts (MW), till 2025
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4.3 Recent Trends and Developments
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4.4 Government Policies and Regulations
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4.5 Market Dynamics
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4.5.1 Drivers
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4.5.2 Restraints
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4.6 Supply Chain Analysis
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4.7 PESTLE Analysis
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5. MARKET SEGEMENTATION
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5.1 Source
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5.1.1 Hydro
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5.1.2 Solar
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5.1.3 Wind
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5.1.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
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6.2 Strategies Adopted by Key Players
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6.3 Key Companies Profile
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6.3.1 Entec AG Consulting & Engineering
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6.3.2 Axpo Holding AG
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6.3.3 Landustrie Sneek BV
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6.3.4 SGS Renewable Energy
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6.3.5 CTU Clean Technology Universe AG
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6.3.6 Renergon International AG
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6.3.7 Mall GmbH
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6.3.8 PVsyst SA
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7. MARKET OPPORTUNITIES and FUTURE TRENDS
Switzerland Renewable Energy Industry Segmentation
The Switzerland renewable energy market report include:
Switzerland Renewable Energy Market Research FAQs
What is the current Switzerland Renewable Energy Market size?
The Switzerland Renewable Energy Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in Switzerland Renewable Energy Market?
Axpo Holding AG , Landustrie Sneek BV, SGS Renewable Energy and CTU Clean Technology Universe AG are the major companies operating in the Switzerland Renewable Energy Market.
What years does this Switzerland Renewable Energy Market cover?
The report covers the Switzerland Renewable Energy Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Switzerland Renewable Energy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Switzerland Renewable Energy Industry Report
Statistics for the 2024 Switzerland Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Switzerland Renewable Energy analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
