Market Size of Romania Renewable Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Romania Renewable Energy Market Analysis
The Romania renewable energy market is expected to register a CAGR of about 3% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Over the medium term, favorable government policies and increasing adoption of renewable energy with the declining price of solar panels and wind turbines installations are expected to drive the market's growth.
- On the flip side, the rising adoption of alternate clean power sources, such as gas-fired power plants and nuclear energy projects, is likely to slow down the market growth.
- Nevertheless, with its ambitious upcoming renewable projects, Romania is expected to achieve its target of generating 30% of electricity from renewables by 2030, which is likely to provide huge opportunities for the market studied.
