Market Size of Switzerland 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 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Switzerland Renewable Energy Market Analysis
Switzerland's renewable energy market is expected to grow at a CAGR of over 3% during the forecast period of 2020 - 2025. The growing concerns regarding greenhouse gas emissions and other pollutants that lead to consequences like environmental damage and global warming are prompting governments to look for cleaner power generation options. This is likely to drive the Switzerland renewable energy market. However, stagnant demand for electricity in the country is expected to restrain the Switzerland renewable energy market.
- The hydro segment, with the highest installed power generating capacity, dominates the market of Switzerland renewable energy, in 2019.
- Switzerland's government signed an agreement in 2017, to reduce greenhouse gas emissions by 50% of its 1990 level by 2030, primarily by cutting domestic emissions. This agreement is likely to create several opportunities for Switzerland renewable energy market in the future.
- Increasing installed capacity for solar as well as hydro power in the country is likely to drive the Switzerland renewable energy market during the forecast period.
