Market Size of Netherlands Wind Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 9.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Netherlands Wind Energy Market Analysis
The Netherlands wind energy market is projected to register a CAGR of over 9.5% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.
- Over the medium term, factors like increasing demand for renewable energy, rising investments in wind farms, and reducing CO2 emissions are driving the wind energy market in the country.
- On the other hand, the increasing adoption of alternate clean power sources such as solar energy is likely to hinder the growth of the wind energy market in the coming years.
- Nevertheless, the Netherlands has a highly ambitious renewable-energy plan in the works. The country is expected to build the world's largest offshore wind farm by 2027 and a 2.3-square-mile artificial island to support it. The wind farm is expected to produce 30 GW of power, which will likely provide an opportunity for growth in deploying wind energy in the coming future.
