Market Size of Italy Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Power Market Analysis
The Italian power market is expected to register a CAGR of more than 3.5% during the forecast period (2022-2027). The COVID-19 outbreak led to a sudden decline in the power generation sector in Italy, and primary energy consumption fell by 9% in 2020 compared to 2019, with a large fall in energy supply and a delay in several ongoing power projects. The transition of the Italian energy mix, increasing power generation from non-hydro renewable power sources, supportive government policies, and upcoming and ongoing power projects are expected to drive the Italian power market during the forecast period. However, the high initial investment cost, long investment return period on projects, and limited natural resources are expected to hinder the growth of the Italian power market during the forecast period.
- The non-hydro renewable power segment is expected to witness significant growth during the forecast period due to increasing non-hydro renewable power installed capacity.
- With ambitious renewable energy targets in Italy focused on installing 70 GW of clean power capacity by 2030, huge market opportunities exist for the market players in the future.
- The transition of the Italian energy mix is expected to drive the Italian power market during the forecast period.
