Slovakia Renewable Energy Market

Slovakia Renewable Energy Market by Types (Solar, Hydro, Bioenergy, and Others) and Country- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-2632
  • Author: Growth Market Reports
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  • No. Of Pages: 189
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The Slovakia renewable energy market size is projected to register a high CAGR during the forecast period, 2021–2028. Growth of the market is attributed to the increasing energy consumption, traditional power sources unable to meet requirement, and increasing numbers in the renewable energy manufactures.

Slovakia is a developed country with a high-income economy and a human development index (HDI). Due to its low wages, minimum tax rates, and well-educated workforce appeals to international investors mostly.

Slovakia Renewable Energy Market summary

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

The future growth of the renewable energy industry in Slovakia is anticipated to support the renewable energy market, as energy demand grows and fossil fuels are replaced by renewables using genuine renewable energy potential such as wind, solar, biofuels, and others.

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.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing consumer purchasing capacity and frequently growing population is projected to boost the market.
  • Rapid growth in renewable energy manufactures and rapidly growing production capacity is key factor fueling the market during the forecast period.
  • Increasing price of the fuel and energy is major factor driving renewable energy market in the coming years.
  • High price and high maintenances cost are anticipated to restrict market growth during the forecast period.
  • Lack of awareness about renewable energy possesses a main challenge that can hamper the market expansion in the coming years.
  • R&D investment and technological advancement in renewable energy market is projected to create lucrative opportunities for the market players.

Scope of the Report

The report on Slovakia 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

Slovakia Renewable Energy Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Solar, Hydro, Bioenergy, and Others)

Country Scope

Slovakia

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Acrosun s.r.o; CONTOURGLOBAL PLC; VP Solar; Axpo Holding AG; Slovenské elektrárne; A.S.

Slovakia Renewable Energy Market Segment Insights

Bioenergy segment is projected to account for a key market share

Based on types, the Slovakia renewable energy market is divided into solar, hydro, bioenergy, and others. The bioenergy segment is expected to hold a key share of the market during the forecast period owing to advancement in biofuels ensure significant reductions in greenhouse gas emissions also heat generate from animal and plant waste are better for the environment. However, the solar segment is anticipated to expand at a rapid pace during the forecast period due to rising investment in development for solar infrastructure.

Slovakia Renewable Energy Market types

Segments

Segments Covered in the Report
The Slovakia renewable energy market has been segmented on the basis of
Types

  • Solar
  • Hydro
  • Bioenergy
  • Others

Country

  • Slovakia

Key Players

  • Acrosun s.r.o
  • CONTOURGLOBAL PLC
  • VP Solar
  • Axpo Holding AG
  • Slovenské elektrárne
  • A.S.

 

Competitive Landscape

Key players competing in the Slovakia renewable energy market include Acrosun s.r.o; CONTOURGLOBAL PLC; VP Solar; Axpo Holding AG; Slovenské elektrárne; and A.S.

Some of these players are focusing on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

Slovakia has undertaken regional and global commitments to decrease emissions as part of the Paris Agreement and as a member of the European Union.

In 2019 Slovakia had a total bioenergy installed capacity of 243 MW and a total primary energy supply of 1369 ktoe from biofuels and trash. Slovakia has a lot of potential when it comes to using biomass from its own woods.

Slovakia has about 472 MW of installed solar power production capacity in 2019, according to the International Renewable Energy Agency's latest figures.

In 2020 Slovakia Ministry of Economy introduced green auctions inviting companies to bid for installation and managing of new solar plants.

Slovakia Renewable Energy Market keyplayers

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 (000’ 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. Solar
     5.3.2. Hydro
     5.3.3. Bioenergy
     5.3.4. Others
  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 Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Renewable Energy Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Renewable Energy Demand Share Forecast, 2019-2026
7. North 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
  7.2. North America Renewable Energy Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Renewable Energy Market Size and Volume Forecast by Types
     7.4.1. Solar
     7.4.2. Hydro
     7.4.3. Bioenergy
     7.4.4. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Renewable Energy Demand Share Forecast, 2019-2026
8. Latin 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
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Renewable Energy Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Renewable Energy Market Size and Volume Forecast by Types
     8.4.1. Solar
     8.4.2. Hydro
     8.4.3. Bioenergy
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Renewable Energy Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
  9.2. Europe Renewable Energy Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Renewable Energy Market Size and Volume Forecast by Types
     9.4.1. Solar
     9.4.2. Hydro
     9.4.3. Bioenergy
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Renewable Energy Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Renewable Energy Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Renewable Energy Market Size and Volume Forecast by Types
     10.4.1. Solar
     10.4.2. Hydro
     10.4.3. Bioenergy
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Renewable Energy Demand Share Forecast, 2019-2026
11. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Types
     11.4.1. Solar
     11.4.2. Hydro
     11.4.3. Bioenergy
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Renewable Energy Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Renewable Energy Market: Market Share Analysis
  12.2. Renewable Energy Distributors and Customers
  12.3. Renewable Energy Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Acrosun s.r.o
     12.4.2. CONTOURGLOBAL PLC
     12.4.3. VP Solar
     12.4.4. Axpo Holding AG
     12.4.5. Slovenské elektrárne
     12.4.6. A.S.

Segments Covered in the Report
The Slovakia renewable energy market has been segmented on the basis of
Types

  • Solar
  • Hydro
  • Bioenergy
  • Others

Country

  • Slovakia

Key Players

  • Acrosun s.r.o
  • CONTOURGLOBAL PLC
  • VP Solar
  • Axpo Holding AG
  • Slovenské elektrárne
  • A.S.

 

Key players competing in the Slovakia renewable energy market include Acrosun s.r.o; CONTOURGLOBAL PLC; VP Solar; Axpo Holding AG; Slovenské elektrárne; and A.S.

Some of these players are focusing on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

Slovakia has undertaken regional and global commitments to decrease emissions as part of the Paris Agreement and as a member of the European Union.

In 2019 Slovakia had a total bioenergy installed capacity of 243 MW and a total primary energy supply of 1369 ktoe from biofuels and trash. Slovakia has a lot of potential when it comes to using biomass from its own woods.

Slovakia has about 472 MW of installed solar power production capacity in 2019, according to the International Renewable Energy Agency's latest figures.

In 2020 Slovakia Ministry of Economy introduced green auctions inviting companies to bid for installation and managing of new solar plants.

Slovakia Renewable Energy Market keyplayers

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