Germany Renewable Energy Market Share, Size & Growth | 2031
Germany Renewable Energy Market Share, Size & Growth | 2031
Segments - Germany Renewable Energy Market by Source Types (Wind, Bioenergy, Solar, Hydro, and Others), End-users (Industrial, Commercial, Residential, and Others), and Country - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :EP-2089
| 4.6 Rating
| 79 Reviews
| 192 Pages
| Format :
Report Description
The Germany renewable energy market size is projected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising environmental & ethical concern among people, growing cost of production, depletion of fossil fuel supplies, rising emission of greenhouse gases, and favorable policies as well as rules for renewable energy.
Renewable energy is generated from the natural source that are safe for environment and are cost effective. Renewable energy plays a vital role in the energy security and decreasing greenhouse gas emissions. It helps to decrease the imports for energy and also reduces the use of fossil fuels for generating energy. Germany highly target the final energy consumption of the country followed by electricity, heat, and transport sector.
Renewable energy also known as clean energy is majorly used as new technology by utilizing nature’s power for transportation, heating, lighting, and others. Renewables are becoming most important source of power as it is less expensive and most innovative way to use, retain, and capture the energy. Germany was called first main renewable energy economy in the world. In 2014 it had globe’s largest capacity installed of a photovoltaic.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing investments in renewable energy infrastructure is estimated to propel the market expansion during the forecast period.
- Rapid growth in renewable energy sector is major factor driving the market growth in the coming years.
- Growing government rules and regulations regarding renewable energy is anticipated to fuel the market expansion in the coming years.
- High cost of set up at initial stage is projected to hamper the market growth during the forecast period.
- R&D investment and technological advancement in renewable energy is expected to offer significant opportunities for the market players.
Scope of Renewable Energy Market Report
The report on the Germany renewable energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Germany Renewable Energy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Source Types (Wind, Bioenergy, Solar, Hydro, and Others), End-users (Industrial, Commercial, Residential, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
The Tata Power Company Ltd.; Enel Spa.; EDF; Invenergy; ABB Ltd.; Innergex; Xcel Energy Inc.; Geronimo Energy; ACCIONA; General Electric; Senvion S.A.; SunPower Corp.; Siemens Gamesa Renewable Energy SA; and Centrotherm International AG |
Renewable Energy Market Segment Insights
Solar segment is projected to account for a large market share
Based on source types, the Germany renewable energy market is divided into wind, bioenergy, solar, hydro, and others. The solar segment is expected to constitute a key share of the market during the forecast period owing to versatile installation, improved security of the power grids, less energy lost during the long distance transport, and economic savings. However, the wind segment is anticipated to expand at a rapid pace during the forecast period due to cost effective, it can be built on the existing farms or ranches, a domestic source of energy, and it is sustainable.
Industrial segment is projected to hold a key market share
On the basis of end-users, the market is segmented into industrial, commercial, residential, and others. The industrial segment is expected to represent a key share of the market in the coming years due to rising demand for sustainable, sufficient, and secure energy supply and high usage in various industries such as chemical, manufacturing, healthcare, food & beverages, and others.
On the other hand, the commercial & residential segment is anticipated to expand at a rapid pace during the forecast period owing to growing demand for power from various hotels, societies, and hospitals. Increasing inclination among the integration of various electrical distribution links in residential & commercial sector is projected to boost the market.
Segments
The Germany renewable energy market has been segmented on the basis of
Source Types
- Wind
- Bioenergy
- Solar
- Hydro
- Others
End-users
- Industrial
- Commercial
- Residential
- Others
Country
- Germany
Key Players
Competitive Landscape
Key players competing in the Germany renewable energy market include The Tata Power Company Ltd.; Enel Spa.; EDF; Invenergy; ABB Ltd.; Innergex; Xcel Energy Inc.; Geronimo Energy; ACCIONA; General Electric; Senvion S.A.; SunPower Corp.; Siemens Gamesa Renewable Energy SA; and Centrotherm International AG. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Renewable Energy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Renewable Energy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Renewable Energy Market - Supply Chain
4.5. Global Renewable Energy Market Forecast
4.5.1. Renewable Energy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Renewable Energy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Renewable Energy Market Absolute $ Opportunity
5. Global Renewable Energy Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Renewable Energy Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Renewable Energy Demand Share Forecast, 2019-2026
6. North America Renewable Energy Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Renewable Energy Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Renewable Energy Demand Share Forecast, 2019-2026
7. Latin America Renewable Energy Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Renewable Energy Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Renewable Energy Demand Share Forecast, 2019-2026
8. Europe Renewable Energy Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Renewable Energy Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Renewable Energy Demand Share Forecast, 2019-2026
9. Asia Pacific Renewable Energy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Renewable Energy Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Renewable Energy Demand Share Forecast, 2019-2026
10. Middle East & Africa Renewable Energy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Renewable Energy Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Renewable Energy Market: Market Share Analysis
11.2. Renewable Energy Distributors and Customers
11.3. Renewable Energy Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. The Tata Power Company Ltd.
11.4.2. Enel Spa.
11.4.3. EDF
11.4.4. Invenergy
11.4.5. ABB Ltd.
11.4.6. Innergex
11.4.7. Xcel Energy Inc.
11.4.8. Geronimo Energy
Methodology
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