Market Size of Germany Wind Energy Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Wind Energy Market Analysis
During the forecast period, the German wind energy market is expected to register a CAGR of more than 3% per year.
- Over the next five to ten years, the wind energy market in the country is likely to be driven by things like new wind energy projects, more investments, helpful government policies, and financial incentives.
- But the growing use of clean energy sources like solar and the availability of fossil fuels are likely to slow the growth of Germany's wind energy market over the next few years.
- Still, wind energy made up a big part of energy production and met one-fourth of the world's electricity needs in 2021. There are ambitious plans for the expansion of wind energy to 40 GW by 2035 and 70 GW by 2045. This is expected to create immense opportunities for the German wind energy market.
