Market Size of Europe Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.91 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Power Market Analysis
The Europe power market is estimated to be at 1.85 terawatt by the end of this year and is projected to reach 2.47 terawatt in the next five years, registering a CAGR of over 5.91% during the forecast period.
- Over the medium term, the increasing degree of urbanization and power demand is expected to drive the market.
- On the other hand, decreased financial support and the blacklisting of countries like Bulgaria by various financial institutions will likely hinder market growth.
- Nevertheless, the ambitious goals set by the European Union for reducing its carbon emissions are expected to create enormous opportunities in the renewable energy segment for the Europe Power Market.
