Market Size of Greece Wind Energy Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
