Market Size of Germany Renewable Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Volume (2024) | 170.56 gigawatt |
| Market Volume (2029) | 241.36 gigawatt |
| CAGR (2024 - 2029) | 7.27 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Renewable Energy Market Analysis
The Germany Renewable Energy Market size in terms of installed base is expected to grow from 170.56 gigawatt in 2024 to 241.36 gigawatt by 2029, at a CAGR of 7.27% during the forecast period (2024-2029).
- Over the medium term, factors such as supportive government policies and efforts to meet the rising power demand using renewable energy sources are expected to grow significantly and drive the Germany renewable energy market during the forecast period.
- On the other hand, factors like harsh climatic conditions and using other conventional energy are restraining factors for the German renewable energy market.
- Nevertheless, by 2050, solar PV, wind, and hydro are estimated to produce approximately 85% of Germany's electricity generation, which in turn is expected to create an opportunity for the market during the forecast period.
