Market Size of Italy Wind Energy Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 14.08 gigawatt |
| Market Volume (2029) | 18.49 gigawatt |
| CAGR (2024 - 2029) | 5.61 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Wind Energy Market Analysis
The Italy Wind Energy Market size is estimated at 14.08 gigawatt in 2024, and is expected to reach 18.49 gigawatt by 2029, growing at a CAGR of 5.61% during the forecast period (2024-2029).
- Over the medium term, factors such as upcoming & ongoing renewable energy auctions coupled with increasing investments and financial support from the government and international financial institutions are expected to drive the wind energy market in Italy during the forecast period.
- On the other hand, the increasing adoption of alternate clean power sources, such as solar, hydro, etc., is likely to hinder the growth of the wind energy market during the forecast period.
- Nevertheless, according to the national energy and climate plan (NECP), in order to achieve greenhouse gas emissions reduction, Italy has set a target to contribute 30% to the 2030 European Union's (EU) renewable energy target, which is likely to provide an opportunity for growth in the deployment of wind energy.
