Key Insights
The European renewable energy market, valued at approximately €200 billion in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 7% through 2033. This expansion is driven by several key factors. Stringent environmental regulations aimed at reducing carbon emissions are compelling nations to transition towards cleaner energy sources. Furthermore, substantial government incentives, including subsidies and tax breaks, are significantly boosting investments in renewable energy infrastructure. Technological advancements, particularly in solar photovoltaic (PV) and wind turbine technologies, are leading to improved efficiency and reduced costs, making renewable energy increasingly competitive with traditional fossil fuels. Growing public awareness about climate change and a rising demand for sustainable energy solutions are further fueling market growth. The market is segmented primarily by energy source, with hydropower, solar, and wind power dominating. Key players like Électricité de France, Enel Green Power, and Repsol are actively investing in expanding their renewable energy portfolios across various European nations, including Germany, France, Italy, the United Kingdom, and the Netherlands, which represent the most significant markets within the region.
The continued growth trajectory is expected to be influenced by several dynamic market trends. The increasing integration of renewable energy sources into national grids is facilitating greater energy security and reducing reliance on imported fossil fuels. The burgeoning sector is creating numerous job opportunities across the manufacturing, installation, and maintenance sectors, contributing positively to regional economies. However, potential restraints include the intermittent nature of renewable energy sources (requiring robust energy storage solutions), challenges in securing adequate land for large-scale projects, and the need for substantial grid infrastructure upgrades to accommodate increasing renewable energy capacity. Despite these challenges, the long-term outlook for the European renewable energy market remains exceptionally positive, driven by unwavering policy support, technological advancements, and heightened environmental consciousness.

Europe Renewable Energy Industry: 2019-2033 Market Report
This comprehensive report provides an in-depth analysis of the European renewable energy industry, offering valuable insights for investors, industry professionals, and policymakers. Covering the period from 2019 to 2033, with a base year of 2025, this report forecasts market trends and competitive dynamics across various segments, including hydropower, solar, wind, and others. Expect detailed analysis of leading companies like Électricité de France S A, Enel Green Power S p A, and Repsol S A, along with an examination of key market drivers, challenges, and future opportunities.
Europe Renewable Energy Industry Market Structure & Competitive Dynamics
The European renewable energy market exhibits a moderately concentrated structure, with a few dominant players alongside numerous smaller companies. Market share is dynamic, influenced by M&A activity and technological advancements. Regulatory frameworks, varying across European nations, significantly impact market access and investment decisions. Innovation ecosystems, particularly in research and development of next-generation technologies, are highly active, driving ongoing improvements in efficiency and cost-effectiveness. Product substitutes, like fossil fuels, face increasing pressure from stringent environmental regulations and the falling costs of renewables. End-user trends show a strong shift towards renewable energy sources driven by both environmental concerns and economic incentives. Mergers and acquisitions (M&A) are frequent, reflecting consolidation and expansion strategies. Deal values have shown a xx Million upward trend in recent years, with several transactions exceeding xx Million in the past five years. For instance, the acquisition of xx by xx in 2023 valued at xx Million signifies a move towards vertical integration.
- Market Concentration: Moderately concentrated, with a Herfindahl-Hirschman Index (HHI) of xx.
- M&A Activity: Significant, with deal values totaling xx Million in 2024.
- Regulatory Frameworks: Diverse across Europe, impacting investment attractiveness.
- Innovation Ecosystems: Highly dynamic, focused on improving efficiency and reducing costs.
Europe Renewable Energy Industry Industry Trends & Insights
The European renewable energy market is experiencing robust growth, driven by stringent environmental regulations, supportive government policies (e.g., feed-in tariffs, renewable portfolio standards), and decreasing technology costs. The Compound Annual Growth Rate (CAGR) from 2025-2033 is projected at xx%, indicating significant expansion. Technological disruptions, particularly in solar and wind power, are continuously enhancing efficiency and capacity, leading to improved market penetration rates. Consumer preferences increasingly favor green energy, driving demand for renewable energy sources in both residential and commercial sectors. Competitive dynamics are intensifying as companies strive for market share through innovation, strategic partnerships, and acquisitions. The market penetration of renewable energy in the overall European energy mix is forecast to reach xx% by 2033, up from xx% in 2025. This is primarily driven by the increasing affordability of renewable energy technologies and the growing urgency to combat climate change.

Dominant Markets & Segments in Europe Renewable Energy Industry
The wind energy segment holds the largest market share in Europe, driven by favorable wind resources in several countries. Germany, followed by the United Kingdom and Spain are the leading national markets.
- Wind Energy: Key drivers include abundant wind resources, supportive government policies (e.g., subsidies, tax incentives), and technological advancements that have resulted in increased efficiency and reduced costs.
- Solar Energy: Experiencing rapid growth, particularly in Southern Europe, owing to high solar irradiation levels and decreasing solar panel prices.
- Hydropower: A mature segment, with significant existing capacity, however, new projects face environmental concerns and regulatory hurdles.
- Other Renewables: Includes biomass, geothermal, and tidal energy, these segments collectively contribute a smaller share but are expected to grow with technological developments and government support.
Germany's dominance stems from its robust renewable energy policies, significant investments in infrastructure, and a well-established renewable energy industry ecosystem. The country’s commitment to phasing out nuclear power and reducing reliance on fossil fuels has created a favorable environment for the expansion of renewable energy.
Europe Renewable Energy Industry Product Innovations
Recent innovations focus on improving efficiency, reducing costs, and enhancing the reliability of renewable energy technologies. Advances in solar panel technology, including the development of more efficient cells and improved manufacturing processes, have significantly reduced the cost of solar power. Wind turbine technology has seen enhancements in blade design and generator systems, resulting in increased energy output and reduced maintenance needs. Smart grid technologies enable better integration of renewable energy sources into the power grid.
Report Segmentation & Scope
This report segments the European renewable energy market by technology type: Hydropower, Solar, Wind, and Others. Each segment is analyzed based on historical data (2019-2024), current market size (2025), and future projections (2025-2033). Competitive dynamics, including market share analysis of key players, are also provided for each segment. Growth projections are based on a combination of quantitative and qualitative data, including government policies, technological advancements, and market trends.
Hydropower: The hydropower segment exhibits stable growth, driven by existing infrastructure and ongoing upgrades of aging facilities. However, new projects face environmental regulations and permitting hurdles.
Solar: This is the fastest-growing segment, driven by decreasing costs, improved technology, and supportive government policies. Competition is intense, but innovation is driving market expansion.
Wind: The wind segment is a significant portion of the market due to the availability of resources and ongoing investments in offshore wind farms. The market faces competition and regulatory changes.
Others: This segment encompasses geothermal, biomass, and tidal energy, exhibiting moderate growth but constrained by technical challenges and limited infrastructure.
Key Drivers of Europe Renewable Energy Industry Growth
Several factors are driving the growth of the European renewable energy industry. Stringent environmental regulations aimed at reducing greenhouse gas emissions are pushing the adoption of renewable energy sources. Favorable government policies, including subsidies, tax incentives, and feed-in tariffs, encourage investments in renewable energy projects. Technological advancements, leading to reduced costs and improved efficiency of renewable energy technologies, are significant factors. Furthermore, growing consumer demand for clean energy is driving market expansion.
Challenges in the Europe Renewable Energy Industry Sector
The European renewable energy industry faces several challenges. Intermittency of renewable energy sources requires effective energy storage solutions and grid management strategies. Permitting processes for renewable energy projects can be lengthy and complex, resulting in delays and increased costs. Supply chain disruptions can affect the availability and price of components, and geographical limitations and resource availability also influence the expansion of specific technologies. Moreover, competition from established energy sources and fluctuating energy prices continue to pose a challenge. The overall impact of these challenges is estimated to reduce the CAGR by approximately xx% between 2025 and 2033.
Leading Players in the Europe Renewable Energy Industry Market
- Électricité de France S A
- Enel Green Power S p A
- Repsol S A
- Hanwha Q Cells Co Ltd
- ContourGlobal PLC
- Acciona S A
- Abengoa SA
- Andritz AG
Key Developments in Europe Renewable Energy Industry Sector
September 2022: Orsted AS acquired OSTWIND's wind and solar assets in Germany and France, expanding its European portfolio. This acquisition signifies consolidation in the industry and Orsted's commitment to the European market.
September 2022: Mercedes-Benz announced plans to build a 100-megawatt wind farm in Lower Saxony, Germany, demonstrating the increasing engagement of non-traditional players in the renewable energy sector. This move highlights the potential for corporate renewable energy initiatives.
Strategic Europe Renewable Energy Industry Market Outlook
The European renewable energy market presents significant growth potential, driven by continued policy support, decreasing technology costs, and increasing consumer awareness of environmental concerns. Strategic opportunities exist in emerging technologies like offshore wind, energy storage, and smart grid solutions. Companies focusing on innovation, efficient project development, and sustainable practices are poised for success in this dynamic market. Further expansion into Eastern European countries and cross-border collaborations to facilitate energy trading will shape the future landscape.
Europe Renewable Energy Industry Segmentation
-
1. Type
- 1.1. Hydropower
- 1.2. Solar
- 1.3. Wind
- 1.4. Others
Europe Renewable Energy Industry Segmentation By Geography
- 1. Germany
- 2. United Kingdom
- 3. Italy
- 4. Spain
- 5. France
- 6. Rest of Europe

Europe Renewable Energy Industry REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of > 7.00% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Integration of Renewable Energy4.; Supportive Government Policies
- 3.3. Market Restrains
- 3.3.1. High infrastructure costs
- 3.4. Market Trends
- 3.4.1. Wind Energy Segment is Expected to Dominate the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Hydropower
- 5.1.2. Solar
- 5.1.3. Wind
- 5.1.4. Others
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. Germany
- 5.2.2. United Kingdom
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Germany Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Hydropower
- 6.1.2. Solar
- 6.1.3. Wind
- 6.1.4. Others
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. United Kingdom Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Hydropower
- 7.1.2. Solar
- 7.1.3. Wind
- 7.1.4. Others
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Italy Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Hydropower
- 8.1.2. Solar
- 8.1.3. Wind
- 8.1.4. Others
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Spain Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Hydropower
- 9.1.2. Solar
- 9.1.3. Wind
- 9.1.4. Others
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. France Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Hydropower
- 10.1.2. Solar
- 10.1.3. Wind
- 10.1.4. Others
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Rest of Europe Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - by Type
- 11.1.1. Hydropower
- 11.1.2. Solar
- 11.1.3. Wind
- 11.1.4. Others
- 11.1. Market Analysis, Insights and Forecast - by Type
- 12. Germany Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 13. France Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 14. Italy Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 15. United Kingdom Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 16. Netherlands Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 17. Sweden Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 18. Rest of Europe Europe Renewable Energy Industry Analysis, Insights and Forecast, 2019-2031
- 19. Competitive Analysis
- 19.1. Market Share Analysis 2024
- 19.2. Company Profiles
- 19.2.1 Électricité de France S A
- 19.2.1.1. Overview
- 19.2.1.2. Products
- 19.2.1.3. SWOT Analysis
- 19.2.1.4. Recent Developments
- 19.2.1.5. Financials (Based on Availability)
- 19.2.2 Enel Green Power S p A
- 19.2.2.1. Overview
- 19.2.2.2. Products
- 19.2.2.3. SWOT Analysis
- 19.2.2.4. Recent Developments
- 19.2.2.5. Financials (Based on Availability)
- 19.2.3 Repsol S A *List Not Exhaustive
- 19.2.3.1. Overview
- 19.2.3.2. Products
- 19.2.3.3. SWOT Analysis
- 19.2.3.4. Recent Developments
- 19.2.3.5. Financials (Based on Availability)
- 19.2.4 Hanwha Q Cells Co Ltd
- 19.2.4.1. Overview
- 19.2.4.2. Products
- 19.2.4.3. SWOT Analysis
- 19.2.4.4. Recent Developments
- 19.2.4.5. Financials (Based on Availability)
- 19.2.5 ContourGlobal PLC
- 19.2.5.1. Overview
- 19.2.5.2. Products
- 19.2.5.3. SWOT Analysis
- 19.2.5.4. Recent Developments
- 19.2.5.5. Financials (Based on Availability)
- 19.2.6 Acciona S A
- 19.2.6.1. Overview
- 19.2.6.2. Products
- 19.2.6.3. SWOT Analysis
- 19.2.6.4. Recent Developments
- 19.2.6.5. Financials (Based on Availability)
- 19.2.7 Abengoa SA
- 19.2.7.1. Overview
- 19.2.7.2. Products
- 19.2.7.3. SWOT Analysis
- 19.2.7.4. Recent Developments
- 19.2.7.5. Financials (Based on Availability)
- 19.2.8 Andritz AG
- 19.2.8.1. Overview
- 19.2.8.2. Products
- 19.2.8.3. SWOT Analysis
- 19.2.8.4. Recent Developments
- 19.2.8.5. Financials (Based on Availability)
- 19.2.1 Électricité de France S A
List of Figures
- Figure 1: Europe Renewable Energy Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Europe Renewable Energy Industry Share (%) by Company 2024
List of Tables
- Table 1: Europe Renewable Energy Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Region 2019 & 2032
- Table 3: Europe Renewable Energy Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 4: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Type 2019 & 2032
- Table 5: Europe Renewable Energy Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 6: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Region 2019 & 2032
- Table 7: Europe Renewable Energy Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 8: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Country 2019 & 2032
- Table 9: Germany Europe Renewable Energy Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Germany Europe Renewable Energy Industry Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 11: France Europe Renewable Energy Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: France Europe Renewable Energy Industry Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 13: Italy Europe Renewable Energy Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Italy Europe Renewable Energy Industry Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 15: United Kingdom Europe Renewable Energy Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: United Kingdom Europe Renewable Energy Industry Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 17: Netherlands Europe Renewable Energy Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: Netherlands Europe Renewable Energy Industry Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 19: Sweden Europe Renewable Energy Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: Sweden Europe Renewable Energy Industry Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 21: Rest of Europe Europe Renewable Energy Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Rest of Europe Europe Renewable Energy Industry Volume (Gigawatt) Forecast, by Application 2019 & 2032
- Table 23: Europe Renewable Energy Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 24: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Type 2019 & 2032
- Table 25: Europe Renewable Energy Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 26: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Country 2019 & 2032
- Table 27: Europe Renewable Energy Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 28: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Type 2019 & 2032
- Table 29: Europe Renewable Energy Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 30: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Country 2019 & 2032
- Table 31: Europe Renewable Energy Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 32: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Type 2019 & 2032
- Table 33: Europe Renewable Energy Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 34: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Country 2019 & 2032
- Table 35: Europe Renewable Energy Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 36: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Type 2019 & 2032
- Table 37: Europe Renewable Energy Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 38: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Country 2019 & 2032
- Table 39: Europe Renewable Energy Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 40: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Type 2019 & 2032
- Table 41: Europe Renewable Energy Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 42: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Country 2019 & 2032
- Table 43: Europe Renewable Energy Industry Revenue Million Forecast, by Type 2019 & 2032
- Table 44: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Type 2019 & 2032
- Table 45: Europe Renewable Energy Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 46: Europe Renewable Energy Industry Volume Gigawatt Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe Renewable Energy Industry?
The projected CAGR is approximately > 7.00%.
2. Which companies are prominent players in the Europe Renewable Energy Industry?
Key companies in the market include Électricité de France S A, Enel Green Power S p A, Repsol S A *List Not Exhaustive, Hanwha Q Cells Co Ltd, ContourGlobal PLC, Acciona S A, Abengoa SA, Andritz AG.
3. What are the main segments of the Europe Renewable Energy Industry?
The market segments include Type.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Integration of Renewable Energy4.; Supportive Government Policies.
6. What are the notable trends driving market growth?
Wind Energy Segment is Expected to Dominate the Market.
7. Are there any restraints impacting market growth?
High infrastructure costs.
8. Can you provide examples of recent developments in the market?
In September 2022, Orsted AS entered into an agreement with Ostwind, a developer of wind and solar PV projects in Germany and France, to acquire a 100 per cent equity interest in OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & Co. K.G., OSTWIND International S.A.S., and OSTWIND Engineering S.A.S.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in Gigawatt.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Europe Renewable Energy Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Europe Renewable Energy Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Europe Renewable Energy Industry?
To stay informed about further developments, trends, and reports in the Europe Renewable Energy Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence