Market Size of Poland Renewable Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 25.08 gigawatt |
| Market Volume (2029) | 49.38 gigawatt |
| CAGR (2024 - 2029) | 14.51 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Poland Renewable Energy Market Analysis
The Poland Renewable Energy Market size is estimated at 25.08 gigawatt in 2024, and is expected to reach 49.38 gigawatt by 2029, growing at a CAGR of 14.51% during the forecast period (2024-2029).
In 2020, the sector witnessed a frequent disturbance in the supply chain. With COVID-19 spread, the country-imposed lockdown and restrictions in several phases have affected the country's renewable energy business. Apart from imported parts or components, the domestic players in Poland rely on the imported raw materials used to manufacture solar panels, wind turbines, CHP plants, etc. Raw materials such as silicon, aluminum, steel, and glass fibers are majorly imported from countries like China, the United States, and other European countries like Germany and Belgium. With COVID-19 restrictions, raw material supply from these countries to the country witnessed a significant drop, thus adversely affecting solar panel, CHP plant, and wind turbine manufacturers. The primary driver of the market includes government policies that emphasize switching its electricity generation from coal to renewable fuels. Uses of renewable energy ensure energy diversification, and it helps to meet its increasing energy demand from cleaner sources. However, increasing penetration of natural gas for power generation in the country is expected to hinder the growth of the market during the forecast period.
- Solar energy deployment is expected to be the fastest-growing segment in the Polish renewable energy market during the forecast period.
- With the intention of increasing its renewable energy share in the energy mix, Poland has extended plans up to 2030. Moreover, Poland possesses the significant industrial potential to develop the offshore wind energy sector. Thus, development in the offshore wind sector and continuous effort to meet its target by 2030 are expected to create an opportunity for the market in the near future.
- Favorable government policies for renewable energy deployment are expected to drive the market during the forecast period.
