Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Technology (Wind , Solar), By End-User (Utilities, Captive Industrial, Commercial , Residential) And Competitive Landscape
| Product Code: ETC4611733 | Publication Date: Jul 2023 | Updated Date: Dec 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
According to 6Wresearch internal database and industry insights, the Europe Renewable Energy Market was valued at USD 210.6 billion in 2025 and is projected to reach nearly USD 350.5 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8% during the forecast period (2026-2032).
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
| Years | Est. Annual Growth (%) | Growth Drivers |
| 2021 | 5.8 | Increased demand for clean energy and favorable government policies. |
| 2022 | 6.1 | Rise in renewable energy integration and innovation in wind and solar technologies. |
| 2023 | 6.4 | Scaling up of wind and solar installations, and growing corporate sustainability goals. |
| 2024 | 6.9 | Significant reduction in renewable energy costs and improved storage technologies. |
| 2025 | 7.5 | Continued investments in renewable energy projects and EU renewable targets. |
The Europe Renewable Energy Market report thoroughly covers the market by countries, technologies, end-users, and applications. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
| Report Name | Europe Renewable Energy Market |
| Forecast Period | 2026-2032 |
| Market Size | USD 350.5 billion by 2032 |
| CAGR | 8% |
| Growing Sector | Utilities |
The Europe renewable energy market is poised for robust growth due to the rising shift towards green energy solutions, climate change awareness, and evolving energy policies. The market demand is being increased by adoption of wind and solar technologies in both residential and industrial sectors. Moreover, EU-led sustainability initiatives and the growing commitment of European nations to achieve net-zero emissions by 2050 are further propelling the demand for renewable energy. Increased investments in large-scale solar and wind power projects continue to shape the energy landscape.
Below mentioned are some growth drivers and their impact on market dynamics:
| Drivers | Primary Segments Affected | Why It Matters |
| Renewable Energy Targets & Regulations | By Countries (Germany, UK, France, etc.) | Encourages national energy transitions, setting a roadmap for more green energy development. |
| Advancements in Technology | By Technology (Wind, Solar) | Technological innovations reduce costs and improve energy efficiency, making renewables more competitive. |
| Decentralization of Power Generation | By End-User (Residential, Commercial) | Increases adoption of rooftop solar and decentralized energy systems. |
| Corporate Sustainability Commitments | By End-User (Utilities, Commercial) | Encourages corporations to invest in renewable energy as part of their sustainability initiatives. |
| Energy Storage Solutions | By Technology (Wind, Solar) | Improves grid stability and energy supply reliability by storing renewable energy during peak generation. |
Europe Renewable Energy Market is expected to have significant growth, registering a CAGR of 8% during the forecast period of 2026-2032. The Europe Renewable Energy Market is growing due to multiple factors. The factors include strong government policies and incentives encouraging sustainable energy. Moreover, the European Union’s Green Deal, which mainly focuses upon net-zero emissions by 2050, is fueling investments in wind, solar, and energy storage technologies. However, increased environmental awareness, advancements in renewable energy technologies, and increasing demand for clean energy are the major key factors for this industry growth. Moreover, falling costs for solar and wind energy systems make renewable energy more accessible and economically viable, boosting adoption across all sectors.
Below mentioned are some major restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| High Initial Investment | By Technology (Wind, Solar) | High upfront costs for infrastructure and installation, affecting the financial viability of projects. |
| Grid Integration Issues | By Technology (Solar, Wind) | Intermittency of renewables like solar and wind makes integration into the grid challenging. |
| Regulatory Hurdles | By Countries (France, Germany, Spain) | Complex regulatory processes slow down project approval and implementation. |
| Land Availability for Wind Farms | By Technology (Wind) | Land scarcity for large-scale wind farms limits expansion in some regions. |
| Energy Storage Challenges | By Technology (Wind, Solar) | Lack of efficient and affordable storage technologies impacts energy availability during non-peak hours. |
The Europe Renewable Energy Market faces with multiple challenges. These include intermittent power supply from wind and solar, making grid integration difficult. In addition, high capital costs for renewable energy infrastructure and lengthy permitting processes hampers industry growth. Additionally, dependence on imported raw materials for energy storage systems can cause supply chain issues. Regulatory and policy uncertainty in certain regions also threatens consistent investment and long-term market stability. Altogether, these factors must be addressed for the smooth growth of the market.
Some major trends contributing to the development of Europe Renewable Energy Market Growth are:
Here are some investment opportunities in the Europe Renewable Energy Industry:
Here are some top companies contributing to the Europe Renewable Energy Market Share:
| Company Name | Siemens Gamesa |
|---|---|
| Established Year | 1976 |
| Headquarters | Zamudio, Spain |
| Official Website | Click Here |
Siemens Gamesa is a leader in wind energy, focusing on the design, manufacture, and installation of onshore and offshore wind turbines.
| Company Name | Enel Green Power |
|---|---|
| Established Year | 2008 |
| Headquarters | Rome, Italy |
| Official Website | Click Here |
Enel Green Power is committed to producing renewable energy through wind, solar, geothermal, and hydroelectric power, leading Europe's clean energy transition.
| Company Name | Nordex |
|---|---|
| Established Year | 1985 |
| Headquarters | Hamburg, Germany |
| Official Website | Click Here |
Nordex specializes in wind turbine manufacturing and offers solutions for onshore and offshore wind projects across Europe.
| Company Name | Iberdrola |
|---|---|
| Established Year | 1992 |
| Headquarters | Bilbao, Spain |
| Official Website | Click Here |
Iberdrola is a global energy leader in renewable energy, with a strong portfolio in wind and solar power, investing heavily in green technologies.
| Company Name | Vestas |
|---|---|
| Established Year | 1945 |
| Headquarters | Aarhus, Denmark |
| Official Website | Click Here |
Vestas is one of the world’s largest wind turbine manufacturers, focusing on sustainable wind energy solutions in Europe and worldwide.
European and national initiatives are expediting the implementation of renewable energy. The EU Renewable Energy Directive seeks to elevate the proportion of renewable energy in Europe’s total energy composition to 40% by 2030. The European Green Deal advocates for a climate-neutral economy, facilitating investments in renewable energy infrastructure. The Clean Energy for All Europeans package encompasses initiatives to enhance energy efficiency and incorporate renewable energy into the grid, whereas the EU Emissions Trading System (ETS) facilitates decarbonization activities.
The Europe Renewable Energy Market is expected to maintain steady growth throughout the forecast period, driven by favorable policies, technological advancements, and continued investment in infrastructure. The demand for solar and wind energy solutions, coupled with innovations in storage and grid management technologies, is set to boost the industry. The market is anticipated to grow as EU countries push towards achieving carbon neutrality and renewable energy targets during the forecast period.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Guneet Kaur, Senior Research Analyst, 6Wresearch, Germany is the fastest-growing market in Europe for renewable energy, driven by substantial government investments in green energy initiatives, technological advancements in wind and solar power, and strong demand for sustainable energy solutions.
Solar energy is the fastest-growing segment in the Europe renewable energy market. The increased demand for clean energy solutions and advancements in photovoltaic technology are driving solar power adoption across residential, commercial, and utility-scale applications.
The utilities sector is rapidly expanding as governments push for renewable energy generation targets. Utilities are investing in large-scale solar and wind projects to meet renewable energy goals, significantly contributing to the growth of the renewable energy market across Europe.
The market report has been segmented and sub-segmented into the following categories
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Europe Renewable Energy Market Overview |
| 3.1 Europe Regional Macro Economic Indicators |
| 3.2 Europe Renewable Energy Market Revenues & Volume, 2022 & 2032F |
| 3.3 Europe Renewable Energy Market - Industry Life Cycle |
| 3.4 Europe Renewable Energy Market - Porter's Five Forces |
| 3.5 Europe Renewable Energy Market Revenues & Volume Share, By Countries, 2022 & 2032F |
| 3.6 Europe Renewable Energy Market Revenues & Volume Share, By Technology, 2022 & 2032F |
| 3.7 Europe Renewable Energy Market Revenues & Volume Share, By End-User, 2022 & 2032F |
| 4 Europe Renewable Energy Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Europe Renewable Energy Market Trends |
| 6 Europe Renewable Energy Market, 2022 - 2032 |
| 6.1 Europe Renewable Energy Market, Revenues & Volume, By Technology, 2022 - 2032 |
| 6.2 Europe Renewable Energy Market, Revenues & Volume, By End-User, 2022 - 2032 |
| 7 Germany Renewable Energy Market, 2022 - 2032 |
| 7.1 Germany Renewable Energy Market, Revenues & Volume, By Technology, 2022 - 2032 |
| 7.2 Germany Renewable Energy Market, Revenues & Volume, By End-User, 2022 - 2032 |
| 8 United Kingdom Renewable Energy Market, 2022 - 2032 |
| 8.1 United Kingdom Renewable Energy Market, Revenues & Volume, By Technology, 2022 - 2032 |
| 8.2 United Kingdom Renewable Energy Market, Revenues & Volume, By End-User, 2022 - 2032 |
| 9 France Renewable Energy Market, 2022 - 2032 |
| 9.1 France Renewable Energy Market, Revenues & Volume, By Technology, 2022 - 2032 |
| 9.2 France Renewable Energy Market, Revenues & Volume, By End-User, 2022 - 2032 |
| 10 Italy Renewable Energy Market, 2022 - 2032 |
| 10.1 Italy Renewable Energy Market, Revenues & Volume, By Technology, 2022 - 2032 |
| 10.2 Italy Renewable Energy Market, Revenues & Volume, By End-User, 2022 - 2032 |
| 11 Russia Renewable Energy Market, 2022 - 2032 |
| 11.1 Russia Renewable Energy Market, Revenues & Volume, By Technology, 2022 - 2032 |
| 11.2 Russia Renewable Energy Market, Revenues & Volume, By End-User, 2022 - 2032 |
| 12 Spain Renewable Energy Market, 2022 - 2032 |
| 12.1 Spain Renewable Energy Market, Revenues & Volume, By Technology, 2022 - 2032 |
| 12.2 Spain Renewable Energy Market, Revenues & Volume, By End-User, 2022 - 2032 |
| 13 Rest of Europe Renewable Energy Market, 2022 - 2032 |
| 13.1 Rest of Europe Renewable Energy Market, Revenues & Volume, By Technology, 2022 - 2032 |
| 13.2 Rest of Europe Renewable Energy Market, Revenues & Volume, By End-User, 2022 - 2032 |
| 14 Europe Renewable Energy Market Key Performance Indicators |
| 15 Europe Renewable Energy Market - Opportunity Assessment |
| 15.1 Europe Renewable Energy Market Opportunity Assessment, By Countries, 2022 & 2032F |
| 15.2 Europe Renewable Energy Market Opportunity Assessment, By Technology, 2022 & 2032F |
| 15.3 Europe Renewable Energy Market Opportunity Assessment, By End-User, 2022 & 2032F |
| 16 Europe Renewable Energy Market - Competitive Landscape |
| 16.1 Europe Renewable Energy Market Revenue Share, By Companies, 2022-2032F |
| 16.2 Europe Renewable Energy Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |