Germany Renewable Energy Market Introduction and Overview
According to SPER Market Research, the Germany Renewable Energy Market is estimated to reach USD XX million by 2033 with a CAGR of 8.25%.
The report includes an in-depth analysis of the Germany Renewable Energy Market, including market size and trends, product mix, distribution channels, and supplier analysis. Sunlight and wind are examples of natural sources of renewable energy. Due to the abundance of sunlight in these regions, solar energy is a particularly viable and well-liked energy source. Renewable energy is currently used in the transportation, heating, power, and cooling industries. About 7% of the world's energy needs are met by renewable energy sources combined. The cost of renewable energy is higher than that of fossil fuels. The use of renewable energy is influenced by a number of factors, the most important of which is the belief that carbon dioxide (CO2) emissions from the burning of fossil fuels are to blame for global warming.
- Mercedes-Benz, a major German automaker, revealed plans to build a 120 MW wind farm at its test track located in Papenburg, Germany. Umweltgerechte Kraftanlagen (UKA) has been granted a long-term contract by the company. The German wind farm, which will supply electricity to 20 countries, provides the company with about 20% of its annual electricity needs.
- Prior to this deal, RWE and Northland jointly owned the Nordsee cluster offshore wind farm. A total of 1,560 MW of offshore wind projects, including Godewind, Nordsee-2, Nordsee-3, and Delta Nordsee, make up the gross capacity.
Market Opportunities and Challenges
Opportunities: The nation's wind energy installations are growing as a result of the commitment to lessen reliance on fossil fuels for power generation and the rising demand for electricity. The development of wind power is significantly influenced by government policies and objectives. Wind power and other forms of renewable energy are predicted to receive increased attention from the nation in the coming years as nations' concerns about climate change and how best to mitigate it grow. Building infrastructure necessitates significant upfront costs in order to develop new resources. The cost of supplying electricity goes up as a result of these investments, particularly in the early years. First and foremost, the developers have to locate publicly accessible locations with adequate resources and transmission line access. The growth of electric vehicles and the electrification of transportation create opportunities for the automotive and renewable energy industries to collaborate, which promotes the construction of clean energy-powered EV charging infrastructure.
Challenges: The intermittent and variable nature of renewable energy generation, especially from solar and wind sources, is a major obstacle. Because these energy sources are weather-dependent, it becomes difficult to guarantee a steady and dependable power supply, necessitating advanced energy storage and grid management technologies. The high upfront costs of installing infrastructure for renewable energy sources present another challenge. The initial cost of building and installing renewable technologies, like solar panels and wind turbines, can be high despite the long-term advantages.
Market Competitive Landscape
The renewable energy market in Germany is semi-fragmented. The major players in the market are Siemens Gamesa Renewable Energy SA, General Electric Company, SunPower Corporation, Centrotherm International AG, Senvion S.A.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Source Type, By End User
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| Regions covered | Eastern Regions, Western Regions, Northern Regions, Southern Regions.
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| Companies Covered | Siemens Gamesa Renewable Energy SA, General Electric Company, SunPower Corporation, Centrotherm International AG, Senvion S.A. |
COVID-19 Impact on Germany Renewable Energy Market
The COVID-19 pandemic has had a negative impact on the renewable energy market in Germany. Because of social distancing norms and a shrinking labour force, scheduled maintenance has become a significant challenge for industry players during high wind season. Project delays and order cancellations have also affected the primary markets for wind turbine installations and blade manufacturing.
Key Target Audience
- Consumers and Businesses
- Environmental and Non-Governmental Organizations (NGOs)
- Educational and Research Institutions
- Energy Developers and Project Managers
- Government and Regulatory Bodies
- Investors and Financial Institutions
- Grid Operators and Utilities
- Local Communities
Our in-depth analysis of the Germany Renewable Energy Market includes the following segments:
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By Source Type:
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Bioenergy
Hydro
Solar
Wind
Other Renewable Energy Source
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End User:
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Commercial
Industrial
Residential
Others
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By Region:
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Eastern Region
Western Region
Northern Region
Southern Region
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Key Topics Covered in the Report
- Germany Renewable Energy Market Size (FY’2023-FY’2033)
- Overview of Germany Renewable Energy Market
- Segmentation of Germany Renewable Energy Market By Source Type (Bioenergy, Hydro, Solar, Wind, Other Renewable Energy Source)
- Segmentation of Germany Renewable Energy Market By End-User (Commercial Industrial, Residential, Others)
- Statistical Snap of Germany Renewable Energy Market
- Expansion Analysis of Germany Renewable Energy Market
- Problems and Obstacles in Germany Renewable Energy Market
- Competitive Landscape in the Germany Renewable Energy Market
- Impact of COVID-19 and Demonetization on Germany Renewable Energy Market
- Details on Current Investment in Germany Renewable Energy Market
- Competitive Analysis of Germany Renewable Energy Market
- Prominent Players in the Germany Renewable Energy Market
- SWOT Analysis of Germany Renewable Energy Market
- Germany Renewable Energy Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Germany Renewable Energy Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Germany Renewable Energy Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Germany Renewable Energy Market
7. Germany Renewable Energy Market, By Source Type (USD Million)
7.1. Germany Renewable Energy Market Value Share and Forecast, By Source Type, 2023-2033
7.2. Bioenergy
7.3. Hydro
7.4. Solar
7.5. Wind
7.6. Other Renewable Energy Source
8. Germany Renewable Energy Market, By End User (USD Million)
8.1. Germany Renewable Energy Market Value Share and Forecast, By End User, 2023-2033
8.2. Commercial
8.3. Industrial
8.4. Residential
8.5. Others
9. Germany Renewable Energy Market Forecast, 2019-2033 (USD Million)
9.1. Germany Renewable Energy Market Size and Market Share
10. Germany Renewable Energy Market, By Source Type, 2019-2033 (USD Million)
10.1. Germany Renewable Energy Market Size and Market Share By Source Type (2019-2026)
10.2. Germany Renewable Energy Market Size and Market Share By Source Type (2027-2033)
11. Germany Renewable Energy Market, By End-User, 2019-2033 (USD Million)
11.1. Germany Renewable Energy Market Size and Market Share By End-User (2019-2026)
11.2. Germany Renewable Energy Market Size and Market Share By End-User (2027-2033)
12. Germany Renewable Energy Market, By Region, 2019-2033 (USD Million)
12.1. Germany Renewable Energy Market Size and Market Share By Region (2019-2026)
12.2. Germany Renewable Energy Market Size and Market Share By Region (2027-2033)
12.3. Eastern Region
12.4. Western Region
12.5. Northern Region
12.6. Southern Region
13. Company Profile
13.1. Centrotherm International AG
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. General Electric Company
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. SunPower Corporation
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Simens Gamesa Renewable Energy SA
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Senvion SA
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
