Market Size of Denmark Wind Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Denmark Wind Energy Market Analysis
The Denmark wind energy market is expected to grow at a CAGR of around 5% during the forecast period. The primary driver for the market includes the government efforts to have a low-cost, sustainable, and a cleaner form of energy and thereby to have control over the growing carbon emissions. However, inadequate land masses available to install renewable facilities, including wind farms, is likely to hinder the market growth during the forecast period.
- With significant installed capacity, in 2019, onshore wind energy is likely to dominate the market during the forecast period.
- With the objective of transforming Denmark to a low carbon society by 2050, the country is expected to generate 55% of its total energy required from renewable energy by 2030. The increase in renewable energy share in the country's energy mix is likely to create an opportunity for the wind energy market to expand in the near future.
- Increasing electricity consumption, along with increasing government initiatives for renewable energy growth, is likely to drive the wind energy market during the forecast period.
