Romania Solar Energy Market

Romania Solar Energy Market by Applications (Industrial, Commercial, and Residential), Technology (Concentrated Solar Power Systems and Photovoltaic Systems), Solar Modules (Cadmium Telluride, Amorphous Silicon Cells, Monocrystalline, Polycrystalline, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-3980
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 198
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The Romania solar energy market size is expected to expand at a CAGR of 8.9% during the forecast period, 2021–2028. The growth of the market is attributed to some key factors such as rising demand for renewable energy, forthcoming investments in the energy industry, and supporting government regulations.

Romania Solar Energy Market summary

Solar energy is a process of generating electricity form solar radiation that may produce heat, and cause chemical mechanisms. The effect of greenhouse gas emission and global warming can be significantly controlled by increasing use of emerging renewable solutions and efficient form of unconventional energy. Romania has launched a slew of regulations aimed at bolstering the renewable energy sector, particularly solar power. These measures aimed at assisting in meeting the European Union's (EU) greenhouse gas emission obligations set forth in its legislative package. Moreover, the government adopted a memorandum in June 2020 to implement low-carbon power assistance mechanisms such as the Contract for Difference programme (CfD). The Casa Verde Fotovoltaice (green PV home) initiative, which supported domestic solar installations under Romania's net metering system, was expected to receive about USD 63.7 million in funding from the Romanian Ministry of Environment.

The COVID-19 outbreak had negative impact on the Romanian Solar Energy Market in terms of production and supply. Due to the shutdown, Romania's renewable energy generation had dropped drastically by 2020 due to a sudden disruption to the supply chain in the first half of 2020. However, the energy sector is gradually expanding significantly over the years due to high international pressure for sustainable environment.

Market Trends, Drivers, Restraints, and Opportunities

  • Supportive government initiatives such as the Energy Efficient House program, Contract for Difference scheme (CfD), and others are likely to boost the market.
  • Increasing solar energy installation capacity and new projects in the country is expected to drive the market during the forecast period.
  • Increasing demand for solar towers and parabolic troughs in electricity generation presents another key factor propelling the market.
  • High initial investment costs and extended investment return periods on projects are major challenges that can hamper the market expansion.
  • Romania's government has declared plans to install roughly 7GW of additional renewable capacity by 2030. This is anticipated to generate enormous number of opportunities for the market growth.

Scope of the Report

The report on the Romania solar 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

Solar Energy Market - Romania Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Industrial, Commercial, and Residential), Technology (Concentrated Solar Power Systems and Photovoltaic Systems), and Solar Modules (Cadmium Telluride, Amorphous Silicon Cells, Monocrystalline, Polycrystalline, and Others)

Country

Romania

Report Coverage

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

Key Players Covered in the Report

Danagroup.hu; Amerisolar, Altius-Solar; NIVUS GmbH; and Sunshine Solar Energy Srl

Market Segment Insights

Industrial segment to expand at a considerable CAGR

On the basis of applications, the Romania solar energy market is segmented into industrial, commercial, and residential. The industrial segment is projected to expand at a considerable CAGR during the forecast period owing to enhanced oil recovery and wide demand for power among industrial units for their various applications. On the other hand, the residential segment is anticipated to account for a major market share during the forecast period due to the increasing demand for rooftop installation in the residential areas, followed by increase in applications in the architectural sector.

Romania Solar Energy Market applications

Photovoltaic systems segment to hold a significant share of the market

In terms of technology, the market is bifurcated into concentrated solar power systems and photovoltaic systems. The photovoltaic systems segment is expected to hold a significant share of the market as it substantially reduced costs during the last six years. However, the concentrated solar power segment is anticipated to account for a significant market share during the forecast period due to the need of generating electricity day and night by concentrating solar energy to drive traditional steam turbines that create electricity.

Romania Solar Energy Market technology

Monocrystalline and polycrystalline segment to grow at a high rate

Based on solar modules, the Romania solar energy market is segregated into cadmium telluride, amorphous silicon cells, monocrystalline, polycrystalline, and others. The monocrystalline and polycrystalline segment is expected to grow at a high rate during the projected period owing to increasing demand for first-generation cells in photovoltaic applications. Moreover, the cadmium telluride segment is expected to be a fast-growing segment during the forecast period due to the availability of low material cost of the solar module.

Segments

Segments Covered in the Report
The Romania solar energy market has been segmented on the basis of
Applications

  • Industrial
  • Commercial
  • Residential

Technology

  • Concentrated Solar Power Systems
  • Photovoltaic Systems

Solar Modules

  • Cadmium Telluride
  • Amorphous Silicon Cells
  • Monocrystalline
  • Polycrystalline
  • Others

Country

  • Romania

Key Players

 

Competitive Landscape

Key players competing in the Romania solar energy market are Danagroup.hu; Amerisolar; Altius-Solar; NIVUS GmbH; and Sunshine Solar Energy Srl. Core Value Capital stated in November 2021 that it planned to spend over EUR 800 million in new solar parks in Romania over the following seven years. The new parks will have a combined capacity of one Gigawatt (GW) power generation. Moreover, investors also revealed their intentions to build a 700 MW solar power facility in Arad County, Romania, in July 2021.

Romania Solar Energy Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar 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. Solar Energy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Solar Energy Market - Supply Chain
  4.5. Global Solar Energy Market Forecast
     4.5.1. Solar Energy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Solar Energy Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Solar Energy Market Absolute $ Opportunity
5. Global Solar 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. Solar 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 Solar Energy Demand Share Forecast, 2019-2026
6. North America Solar 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 Solar 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 Solar Energy Demand Share Forecast, 2019-2026
7. Latin America Solar 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 Solar 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 Solar Energy Demand Share Forecast, 2019-2026
8. Europe Solar 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 Solar 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 Solar Energy Demand Share Forecast, 2019-2026
9. Asia Pacific Solar 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 Solar 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 Solar Energy Demand Share Forecast, 2019-2026
10. Middle East & Africa Solar 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 Solar 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 Solar Energy Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Solar Energy Market: Market Share Analysis
  11.2. Solar Energy Distributors and Customers
  11.3. Solar Energy Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Danagroup.hu
     11.4.2. Amerisolar
     11.4.3. Altius-Solar
     11.4.4. NIVUS GmbH
     11.4.5. Sunshine Solar Energy Srl

Segments Covered in the Report
The Romania solar energy market has been segmented on the basis of
Applications

  • Industrial
  • Commercial
  • Residential

Technology

  • Concentrated Solar Power Systems
  • Photovoltaic Systems

Solar Modules

  • Cadmium Telluride
  • Amorphous Silicon Cells
  • Monocrystalline
  • Polycrystalline
  • Others

Country

  • Romania

Key Players

 

Key players competing in the Romania solar energy market are Danagroup.hu; Amerisolar; Altius-Solar; NIVUS GmbH; and Sunshine Solar Energy Srl. Core Value Capital stated in November 2021 that it planned to spend over EUR 800 million in new solar parks in Romania over the following seven years. The new parks will have a combined capacity of one Gigawatt (GW) power generation. Moreover, investors also revealed their intentions to build a 700 MW solar power facility in Arad County, Romania, in July 2021.

Romania Solar Energy Market keyplayers

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