Market Size of Poland Wind Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 7.50 % |
| Market Concentration | Medium |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Poland Wind Energy Market Analysis
The Polish wind energy market is expected to record a CAGR of more than 7.5% during the forecast period. The Polish wind energy market fairly remained unaffected during the outbreak of the COVID-19 pandemic in Q1 of 2020 as the country's installed wind energy capacity increased by 1 gigawatt (GW). It was expected the economic slowdown would have a negative impact on renewable projects. However, no significant impact was seen in key wind projects. Factors such as the declining cost of wind power generation, increasing sensitivity toward environmental issues, and support from the government through financial incentives will drive the market for wind energy during the forecast period. On the flip side, the substitution of solar energy and gas-fired power plants is expected to continue to restrain the market. The solar energy industry achieved cost reduction significantly higher than the wind energy sector.
- With a significant onshore wind energy capacity of around 6.26 GW in 2020, the onshore sub-sector is expected to dominate the wind energy market in Poland during the forecast period.
- Increased demand for electricity in the country is expected to provide market opportunities for wind power development. The massive wind power potential and a decline in the cost of wind energy are expected to provide widespread business opportunities to the market in the coming years.
- Favorable government policies and increasing investments in the wind energy sector will likely drive the market during the forecast period.
