Market Size of Romania Solar Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 1.79 gigawatt |
| Market Volume (2029) | 4.21 gigawatt |
| CAGR (2024 - 2029) | 18.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Romania Solar Energy Market Analysis
The Romania Solar Energy Market size in terms of installed base is expected to grow from 1.79 gigawatt in 2024 to 4.21 gigawatt by 2029, at a CAGR of 18.5% during the forecast period (2024-2029).
- Over the medium term, factors such as supportive government policies and declining solar panel costs are expected to drive the Romania solar energy market during the forecast period.
- On the other hand, the intence competition from other renewable energy sources are expected to restrain the Romanian solar energy market during the forecast period.
- Nevertheless, the government of Romania announced plans to add around 7 GW of new renewable capacity, comprising around 3.7 GW of solar energy, by 2030. This plan is likely to create immense opportunities for Romania's solar energy market in the future.
