The Netherland renewable energy market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing environmental awareness, upcoming projects, and government initiatives to reduce dependence on the fossil fuels.
Renewable energy sources include sunlight, wind, rain, tides, waves, and geothermal heat. These types of energy sources can be replenished for innumerable times. It provides power for electricity generation, air & water heating/cooling, transportation, and rural energy services.
Renewable energy is useful energy that is collected from renewable resources, which are naturally refill on a human timescale, including carbon neutral sources like sunlight, wind, rain, tides, waves, and geothermal heat. These types of energy source stands in contrast to fossil fuels, which are used more often than they are replenished. Although most renewable energy is sustainable energy as well as some is not, such as some biomass is unsustainable.
Renewable energy often provides power in four important areas, which includes electricity generation, air & water heating/cooling, transportation, and rural (off-grid) energy services. In its various forms, it derives directly from the sun, or from heat generated deep within the earth. Wind powers the boats to sail while and windmills help to grind grain.
Increasing innovative and inexpensive ways to capture wind and solar energy are driving the market growth. The expansion of the renewable energy industry owing to its adoption in large and small-scale power generation is positively influencing the growth of the market.
Market Trends, Drivers, Restraints, and Opportunities
- Rising production of energy through solar and wind energy is projected to drive the market growth.
- Increasing demand for power and energy is expected to boost the market expansion during the forecast period.
- Growing population, industrialization, and modernization is anticipated to drive the market growth in the coming years.
- High capital investment can restraint the growth of the market in the projected timeline.
- The COVID-19 pandemic had resulted in the closedown of the manufacturing facilities. This, in turn, has hampered the growth of the renewable industry across the globe. However, the relaxation in restriction due to declining COVID-19 cases and acceleration in the vaccination drives are anticipated to help the market recover soon.
- Limited applications of renewable energy can hamper the market growth during the forecast period.
- Rising R&D investments and ongoing technological advancements in the power and energy are projected to create significant opportunities for the market players in the projected timeline.
Scope of the Report
The report on the Netherlands 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
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Details
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Report Title
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Renewable Energy Market - Netherlands Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Sources (Wind, Solar, Biomass, and Others)
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Geographic Zone
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Netherlands
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Report Coverage
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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
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Vattenfall AB, Zhejiang Chint Electrics Co. Ltd., Sunstroom Engineering BV, Siemens AG, and DMEGC Solar Energy
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Netherlands Renewable Energy Market Segment Insights
Wind segment to constitute a large market share
On the basis of sources, the market is divided into wind, solar, biomass, and others. The wind segment is expected to account for a key market share due to rising profitability and increasing private participation in the wind energy sector. On the other hand, the solar segment is expected to expand at a robust CAGR during the forecast period. Rising number of companies are heavily investing in increasing the solar generation capacity while developing innovative technologies to harness the solar energy effectively. Such factors is expected to propel the market growth.
The biomass segment is anticipated to exhibit a robust CAGR during the forecast period. Depletion of fossil fuels has encouraged government agencies to focus on the development of renewable energy. Moreover, the state bodies are striving to reduce the waste and converting them into energy. This, in turn, is expected to proliferate the growth of the market segment.
Segments
Segments Covered in the Report
The Netherlands renewable energy market has been segmented on the basis of
Sources
- Wind
- Solar
- Biomass
- Others
Country
Key Players
Competitive Landscape
Key players competing in the Netherlands renewable energy market include Vattenfall AB, Zhejiang Chint Electrics Co. Ltd., Sunstroom Engineering BV, Siemens AG, and DMEGC Solar Energy
Companies are engaging in strategies such as mergers, acquisitions, and partnerships to expand their market share. Moreover, favourable investment policies by the Government of Netherlands is encouraging local players and foreign players to invest into the market, resulting into the expansion of the market share.
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