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UK Renewable Energy Market Size, Share, Growth | Report 2031

United Kingdom Renewable Energy Market

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Segments - by Types (Hydroelectric Power, Bioenergy, Wind Power Energy, and Solar Energy), End-use (Industrial, Residential, Commercial, and Others), Renewable Energy Market Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Author :

Aamir Ansari

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Vineet Pandey

Editor :

Swapnil Hedau

Report Description

United Kingdom Renewable Energy Market Outlook 2031

United Kingdom renewable energy market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 10.04% during the forecast period 2023 - 2031. The growth of the market is attributed to increasing energy consumption, traditional power sources unable to meet requirement, and growing numbers in renewable energy manufactures.

Renewable energy can be supplied to tides, waves, rain, and wind. While renewable energy is commonly thought of as a replacement technology, harnessing nature’s power has long been used for transportation, lighting, and heating. Now there are innovative and less-expensive ways to capture and retain wind and solar energy renewables are getting an additional necessary power supply.

The COVID-19 outbreak was not able to affect the renewable energy corporation. Renewable energy market players faced several problems vary from getting component require to develop renewable energy and providing end products to attracting workers from quarantines.

The coronavirus-driven internment places a brake on the element and device production that increased product costs, lowering the market demand. However, the renewable energy trade is returning to traditional, witnessing the steady increasing energy demand, particularly from the commercial sectors.

United Kingdom Renewable Energy Market Trends, Drivers, Restraints, and Opportunities

Increase in consumer purchasing capacity and growing population is projected to boost the market in the coming year.
Rapid growth in renewable energy manufactures and growing production capacity is the key factor fuelling the market.
In today world increase in price of the fuel and energy is major factor driving the UK Renewable energy market.
High price and high maintenances cost are anticipated to restrict the United Kingdom renewable energy market growth.
Lack of awareness about renewable energy act as a major challenge for the United Kingdom renewable energy market growth.

Scope of United Kingdom Renewable Energy Market Report

The report on the United Kingdom renewable energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Renewable Energy Market - United Kingdom Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016-2021
Forecast Period	2023-2031
Segmentation	Types (Hydroelectric Power, Bioenergy, Wind power Energy, and Solar Energy), End-use (Industrial, Residential, Commercial, and others)
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report	Ecotricity Group Ltd, Electricite de France SA, Vestas Wind Energy Systems Ltd A/S, Renewable Energy Systems Ltd., Siemens Gamesa Renewable Energy, UK Alternative Energy Ltd, Energy Gain UK Ltd, British Solar Renewables Ltd, E D P Renewables Ltd, and RWE Renewable UK Limited

United Kingdom Renewable Energy Market Segment Insights

The industrial segment accounts for key market share

Based on end-users, the United Kingdom renewable energy market share is segregated into industrial, residential, commercial, and others. The industrial segment is estimated to expand at a rapid pace during the forecast period. However, the residential segment is anticipated to expand at a substantial CAGR during the forecast period.

The wind power energy segment is estimated to hold major market share

On the basis of types, the UK renewable energy market share is fragmented into hydroelectric power, bioenergy, wind power energy, and solar energy. The wind power energy segment is anticipated to expand at a considerable CAGR during the forecast period.

Wind power energy growing production capacities and renewable energy manufactures in the United Kingdom positively impact the renewable energy market. Around 20% renewable energy is from wind power energy. The Hornsea One project was completed in October, becoming the world’s largest offshore wind farm its capacity is 1,200 megawatts (MW). Rising environmental awareness, rapid urbanization, and industrialization are driving the market.

Segments

The United Kingdom renewable energy market has been segmented on the basis of

Types

Hydroelectric power
Bioenergy
Wind power energy
Solar energy

End-users

Industrial
Residential
Commercial
Other

Key Players

Ecotricity Group Ltd
Electricite de France SA
Vestas Wind Energy Systems Ltd A/S
Renewable Energy Systems Ltd
Siemens Gamesa Renewable Energy
UK Alternative Energy Ltd
Energy Gain UK Ltd
British Solar Renewables Ltd
E D P Renewables Ltd

Competitive Landscape

Key players competing in the United Kingdom renewable energy market are Ecotricity Group Ltd, Electricite de France SA, Vestas Wind Energy Systems Ltd A/S, Renewable Energy Systems Ltd., Siemens Gamesa Renewable Energy, UK Alternative Energy Ltd, Energy Gain UK Ltd, British Solar Renewables Ltd, and E D P Renewables Ltd.

Siemens Gamesa Renewable Energy is awarded for the 1.4 GW Sofia offshore wind power project. Sofia project is the major and latest development of company, which is located 195 km from United Kingdom north eastern coast of North Sea.

The project is one of the first to install Siemens Gamesa Renewable Energy 14 MW Direct Drive offshore wind turbine. Company is planning to install 100 turbines furthest from shore. Siemens Gamesa Renewable Energy will build world major single cost turbine blade which will be 108 m long.

Table Of Content

1. Executive Summary
2. 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 (000â€™ Units) and Y-o-Y Growth
     4.5.3. Renewable Energy Market Absolute $ Opportunity
5. Global Renewable Energy Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Renewable Energy Market Size and Volume Forecast by Types
     5.3.1. Hydroelectric power Bioenergy Wind power energy Solar energy
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Renewable Energy Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Renewable Energy Market Size and Volume Forecast by End Users
     6.3.1. Industrial Residential Commercial Other
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Renewable Energy Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Renewable Energy Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Renewable Energy Demand Share Forecast, 2019-2026
8. North America 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
  8.2. North America Renewable Energy Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Renewable Energy Market Size and Volume Forecast by Types
     8.4.1. Hydroelectric power Bioenergy Wind power energy Solar energy
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Renewable Energy Market Size and Volume Forecast by End Users
     8.7.1. Industrial Residential Commercial Other
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Renewable Energy Demand Share Forecast, 2019-2026
9. Latin America 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. Latin America Average Pricing Analysis
  9.2. Latin America Renewable Energy Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Renewable Energy Market Size and Volume Forecast by Types
     9.4.1. Hydroelectric power Bioenergy Wind power energy Solar energy
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Renewable Energy Market Size and Volume Forecast by End Users
     9.7.1. Industrial Residential Commercial Other
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Renewable Energy Demand Share Forecast, 2019-2026
10. Europe 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. Europe Average Pricing Analysis
  10.2. Europe Renewable Energy Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Renewable Energy Market Size and Volume Forecast by Types
     10.4.1. Hydroelectric power Bioenergy Wind power energy Solar energy
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Renewable Energy Market Size and Volume Forecast by End Users
     10.7.1. Industrial Residential Commercial Other
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Renewable Energy Demand Share Forecast, 2019-2026
11. Asia Pacific Renewable Energy Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Renewable Energy Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Renewable Energy Market Size and Volume Forecast by Types
     11.4.1. Hydroelectric power Bioenergy Wind power energy Solar energy
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Renewable Energy Market Size and Volume Forecast by End Users
     11.7.1. Industrial Residential Commercial Other
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Renewable Energy Demand Share Forecast, 2019-2026
12. Middle East & Africa Renewable Energy Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Types
     12.4.1. Hydroelectric power Bioenergy Wind power energy Solar energy
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Renewable Energy Market Size and Volume Forecast by End Users
     12.7.1. Industrial Residential Commercial Other
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Renewable Energy Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Renewable Energy Market: Market Share Analysis
  13.2. Renewable Energy Distributors and Customers
  13.3. Renewable Energy Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Ecotricity Group Ltd Electricite de France SA Vestas Wind Energy Systems Ltd A/S Renewable Energy Systems Ltd Siemens Gamesa Renew

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