Market Size of Hungary Renewable Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 4.45 gigawatt |
| Market Volume (2029) | 6.09 gigawatt |
| CAGR (2024 - 2029) | 6.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hungary Renewable Energy Market Analysis
The Hungary Renewable Energy Market size in terms of installed base is expected to grow from 4.45 gigawatt in 2024 to 6.09 gigawatt by 2029, at a CAGR of 6.5% during the forecast period (2024-2029).
- Over the medium term, favorable government policies and regulations and high solar energy potential are expected to drive the market during the forecast period.
- On the other hand, the limited access to financing for developing renewable energy projects will likely hinder market growth.
- Nevertheless, the ambitious renewable energy targets by European Union is expected to create significant opportunities for market studies during the forecasted period.
