Market Size of Greece Solar Energy Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 6.09 gigawatt |
| Market Volume (2029) | 10.34 gigawatt |
| CAGR (2024 - 2029) | 11.17 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Greece Solar Energy Market Analysis
The Greece Solar Energy Market size in terms of installed base is expected to grow from 6.09 gigawatt in 2024 to 10.34 gigawatt by 2029, at a CAGR of 11.17% during the forecast period (2024-2029).
- Over the medium term, the market is likely to be driven by factors like growing demand for solar photovoltaic installations, growing investments in ongoing and upcoming solar energy projects, and the government's efforts to reduce the use of fossil fuels to make electricity.
- On the other hand, increasing wind energy installations to provide renewable electricity in the country is expected to restrain the Greece solar energy market.
- Nevertheless, as per the European Union's National Energy and Climate Plan (NECP), by 2030, Greece's electricity mix will likely surpass 61% renewable sources. This factor will create several opportunities for the Greece solar energy market.
