Market Size of East Europe Renewable Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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East Europe Renewable Energy Market Analysis
The East Europe Renewable Energy Market is expected to grow at a CAGR of more than 4.5% during the forecast period.
COVID-19 marginally impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Over the medium term, factors such as increased environmental awareness and regulations and decreased cost per kilowatt of electricity generated are expected to boost the market.
- On the other hand, the high price of solar and wind energy storage is expected to restrain the market.
- Nevertheless, new models of solar cells made of a thin film technology that uses thin coatings of cadmium telluride in solar cells, which have higher efficiency and lower cost, may prove to be an opportunity in the sector.
- Russia is expected to dominate the renewable energy market during the forecast period in the region. Due to a significant rise in investment in renewable energy projects.
