Germany Wind Energy Market Size

Statistics for the 2023 & 2024 Germany Wind Energy market size, created by Mordor Intelligence™ Industry Reports. Germany Wind Energy size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Germany Wind Energy Industry

Germany Wind Energy Market Summary
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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

Germany Wind Energy Market 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.

Wind Energy in Germany Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)