Greece Wind Energy Market Size

Statistics for the 2023 & 2024 Greece Wind Energy market size, created by Mordor Intelligence™ Industry Reports. Greece 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 Greece Wind Energy Industry

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Greece Wind Energy Market  - Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 3.00 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Greece Wind Energy Market Analysis

The Greek wind energy market is expected to register a CAGR of more than 3% during the forecast period, 2022-2027. The COVID-19 outbreak led to delayed licensing procedures for new wind projects and inadequate manpower for ongoing wind projects. These are the major issues that affected the wind energy sector's growth due to the COVID-19 pandemic. Factors such as increasing demand for wind energy installations and rising investments in ongoing and upcoming wind energy projects are expected to drive the market during the forecast period. However, the rising emphasis on solar energy to provide renewable electricity in the country is expected to restrain Greece's wind energy market.

  • The onshore segment is expected to dominate the market, owing to the increasing onshore wind installed capacity during the forecast period.
  • Greece's National Energy and Climate Plan aims to install 7 GW of wind energy by 2030. This is expected to create several opportunities for the Greek wind energy market soon.
  • The rising emphasis on solar energy is expected to restrain the growth of the Greek wind energy during the forecast period.

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