Europe Renewable Energy Market (2026-2032) | Outlook, Analysis, Share, Companies, Industry, Forecast, Trends, Size, Value, Revenue & Growth

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

Europe Renewable Energy Market Size & Growth Rate

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).

Five-Years Growth Trajectory of the Europe Renewable Energy Market with Core Drivers

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.

Topics Covered in the Europe Renewable Energy Market Report

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.

Europe Renewable Energy Market Highlights

Report Name Europe Renewable Energy Market
Forecast Period 2026-2032
Market Size USD 350.5 billion by 2032
CAGR 8%
Growing Sector Utilities

Europe Renewable Energy Market Synopsis

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.

Evaluation of Growth Drivers in the Europe Renewable Energy Market

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.

Evaluation of Restraints in the Europe Renewable Energy Market

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.

Europe Renewable Energy Market Challenges

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.

Europe Renewable Energy Market Trends

Some major trends contributing to the development of Europe Renewable Energy Market Growth are:

  • Increasing Corporate Sustainability Initiatives: The future companies are opting for eco friendly goals that align with consumer interest and gov imitative.
  • Advancement in Solar Technology: The introduction of new material like perovskite are helping in increasing solar power efficiency making solar energy viable.
  • Offshore Wind Expansion: Is getting significance as it has high energy potential with reduced land usage.
  • Decentralized Power Generation: Homeowners and businesses are increasingly installing solar panels and wind turbines, contributing to energy independence.

Investment Opportunities in the Europe Renewable Energy Market

Here are some investment opportunities in the Europe Renewable Energy Industry:

  • Wind Energy Projects: Invest in large-scale onshore and offshore wind farms as the demand for clean power increases.
  • Solar Energy Expansion: Focus on solar PV technology and integration into residential, commercial, and industrial buildings.
  • Energy Storage Solutions: Invest in innovative energy storage technologies to address grid stability challenges.
  • Smart Grid Technologies: Develop advanced grid management systems to better integrate renewable energy sources and manage fluctuating demand.

Top 5 Leading Players in the Europe Renewable Energy Market

Here are some top companies contributing to the Europe Renewable Energy Market Share:

1. Siemens Gamesa

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.

2. Enel Green Power

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.

3. Nordex

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.

4. Iberdrola

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.

5. Vestas

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.

Government Regulations Introduced in the Europe Renewable Energy Market

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.

Future Insights of the Europe Renewable Energy Market

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.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Germany to Dominate the Market – By Country

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 to Dominate the Market – By Technology

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.

Utilities to Dominate the Market – By End-User

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.

Key attractiveness of the report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2022 to 2025.
  • Base Year: 2025.
  • Forecast Data until 2032.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Europe Renewable Energy Market Outlook
  • Market Size of Europe Renewable Energy Market, 2025
  • Forecast of Europe Renewable Energy Market, 2032
  • Historical Data and Forecast of Europe Renewable Energy Revenues & Volume for the Period 2022 - 2032
  • Europe Renewable Energy Market Trend Evolution
  • Europe Renewable Energy Market Drivers and Challenges
  • Europe Renewable Energy Price Trends
  • Europe Renewable Energy Porter's Five Forces
  • Europe Renewable Energy Industry Life Cycle
  • Historical Data and Forecast of Europe Renewable Energy Market Revenues & Volume By Technology for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Renewable Energy Market Revenues & Volume By Wind for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Renewable Energy Market Revenues & Volume By Solar for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Renewable Energy Market Revenues & Volume By Technology for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Renewable Energy Market Revenues & Volume By Wind for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Renewable Energy Market Revenues & Volume By Solar for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Renewable Energy Market Revenues & Volume By Technology for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Renewable Energy Market Revenues & Volume By Wind for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Renewable Energy Market Revenues & Volume By Solar for the Period 2022 - 2032
  • Historical Data and Forecast of France Renewable Energy Market Revenues & Volume By Technology for the Period 2022 - 2032
  • Historical Data and Forecast of France Renewable Energy Market Revenues & Volume By Wind for the Period 2022 - 2032
  • Historical Data and Forecast of France Renewable Energy Market Revenues & Volume By Solar for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Renewable Energy Market Revenues & Volume By Technology for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Renewable Energy Market Revenues & Volume By Wind for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Renewable Energy Market Revenues & Volume By Solar for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Renewable Energy Market Revenues & Volume By Technology for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Renewable Energy Market Revenues & Volume By Wind for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Renewable Energy Market Revenues & Volume By Solar for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Renewable Energy Market Revenues & Volume By Technology for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Renewable Energy Market Revenues & Volume By Wind for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Renewable Energy Market Revenues & Volume By Solar for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Renewable Energy Market Revenues & Volume By Technology for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Renewable Energy Market Revenues & Volume By Wind for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Renewable Energy Market Revenues & Volume By Solar for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Renewable Energy Market Revenues & Volume By End-User for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Renewable Energy Market Revenues & Volume By Utilities for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Renewable Energy Market Revenues & Volume By Captive Industrial for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Renewable Energy Market Revenues & Volume By Commercial for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Renewable Energy Market Revenues & Volume By Residential for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Renewable Energy Market Revenues & Volume By End-User for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Renewable Energy Market Revenues & Volume By Utilities for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Renewable Energy Market Revenues & Volume By Captive Industrial for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Renewable Energy Market Revenues & Volume By Commercial for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Renewable Energy Market Revenues & Volume By Residential for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Renewable Energy Market Revenues & Volume By End-User for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Renewable Energy Market Revenues & Volume By Utilities for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Renewable Energy Market Revenues & Volume By Captive Industrial for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Renewable Energy Market Revenues & Volume By Commercial for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Renewable Energy Market Revenues & Volume By Residential for the Period 2022 - 2032
  • Historical Data and Forecast of France Renewable Energy Market Revenues & Volume By End-User for the Period 2022 - 2032
  • Historical Data and Forecast of France Renewable Energy Market Revenues & Volume By Utilities for the Period 2022 - 2032
  • Historical Data and Forecast of France Renewable Energy Market Revenues & Volume By Captive Industrial for the Period 2022 - 2032
  • Historical Data and Forecast of France Renewable Energy Market Revenues & Volume By Commercial for the Period 2022 - 2032
  • Historical Data and Forecast of France Renewable Energy Market Revenues & Volume By Residential for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Renewable Energy Market Revenues & Volume By End-User for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Renewable Energy Market Revenues & Volume By Utilities for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Renewable Energy Market Revenues & Volume By Captive Industrial for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Renewable Energy Market Revenues & Volume By Commercial for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Renewable Energy Market Revenues & Volume By Residential for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Renewable Energy Market Revenues & Volume By End-User for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Renewable Energy Market Revenues & Volume By Utilities for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Renewable Energy Market Revenues & Volume By Captive Industrial for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Renewable Energy Market Revenues & Volume By Commercial for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Renewable Energy Market Revenues & Volume By Residential for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Renewable Energy Market Revenues & Volume By End-User for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Renewable Energy Market Revenues & Volume By Utilities for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Renewable Energy Market Revenues & Volume By Captive Industrial for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Renewable Energy Market Revenues & Volume By Commercial for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Renewable Energy Market Revenues & Volume By Residential for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Renewable Energy Market Revenues & Volume By End-User for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Renewable Energy Market Revenues & Volume By Utilities for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Renewable Energy Market Revenues & Volume By Captive Industrial for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Renewable Energy Market Revenues & Volume By Commercial for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Renewable Energy Market Revenues & Volume By Residential for the Period 2022 - 2032
  • Europe Renewable Energy Market - Key Performance Indicators
  • Europe Renewable Energy Market - Import Export Trade Statistics
  • Europe Renewable Energy Market - Opportunity Assessment By Countries
  • Europe Renewable Energy Market - Opportunity Assessment By Technology
  • Europe Renewable Energy Market - Opportunity Assessment By End-User
  • Europe Renewable Energy Market - Top Companies Market Share
  • Europe Renewable Energy Market - Top Companies Profiles
  • Europe Renewable Energy Market - Comparison of Players in Technical and Operating Parameters
  • Europe Renewable Energy Market - Strategic Recommendations

Markets Covered

The market report has been segmented and sub-segmented into the following categories

By Countries

  • Germany
  • United Kingdom
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe

By Technology

  • Wind
  • Solar

By End-User

  • Utilities
  • Captive Industrial
  • Commercial
  • Residential

Europe Renewable Energy Market (2026-2032) : FAQs

The Europe Renewable Energy Market is projected to grow at a CAGR of 8% during the forecast period.
The Europe Renewable Energy Market was valued at approximately USD 210.6 billion in 2025 and is projected to reach approx. USD 350.5 billion by 2032.
Leading players include Siemens Gamesa, Vestas, and Iberdrola, driving innovation in wind and solar energy solutions across Europe.
EU renewable energy targets and policies like the European Green Deal encourage investment in clean energy and set clear guidelines for carbon reduction
6Wresearch actively monitors the Europe Renewable Energy Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Europe Renewable Energy Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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
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