Market Size of Iran Wind Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Iran Wind Energy Market Analysis
The Iranian wind energy market is expected to register a CAGR of more than 7% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.
- Over the medium term, factors such as increasing demand for renewable energy, rising investments in wind farms, government policies, and declining cost of wind energy are likely to drive the wind energy market in Iran.
- On the other hand, the increasing adoption of alternate clean power sources is likely to restrain the growth of the wind energy market in Iran in the coming years.
- Nevertheless, with the aim to reduce fossil-fuel consumption and increase the possibilities of sustainable development, the use of renewable energy is being explored in the country. The potential for renewable energy in Iran makes it attractive for the government sector, the private sector, and companies to shift toward clean energy, which, in turn, may provide an opportunity to increase the deployment of wind energy in the future.
