Germany Renewable Energy Market Growth, Trends, Size, Revenue, Demand and Future Outlook

Germany Renewable Energy Market Size- By Source Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Germany Renewable Energy Market Size- By Source Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Dec 2023 Report ID: POAE2385 Pages: 1 - 103 Formats*:     
Category : Power & Energy
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. 
Germany Renewable Energy Market
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.

Germany Renewable Energy Market


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 coveredBy Source Type, By End User
 Regions coveredEastern Regions, Western Regions, Northern Regions, Southern Regions.
 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:
By Source Type:
  • Bioenergy
  • Hydro
  • Solar
  • Wind
  • Other Renewable Energy Source
  • End User:
  • Commercial
  • Industrial
  • Residential
  • Others
  • By Region:
  • Eastern Region
  • Western Region
  • Northern Region
  • Southern Region
  • 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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Germany Renewable Energy Market is projected to reach USD XX million by 2033, growing at a CAGR of 8.25% during the forecast period.
    Germany Renewable Energy Market grew in market size from 2022. The Market is expected to reach USD XX million by 2033, at a CAGR of 8.25% during the forecast period.
    Germany Renewable Energy Market CAGR of 8.25% during the forecast period.
    Germany Renewable Energy Market size is USD XX million from 2023 to 2033.
    Germany Renewable Energy Market Segment is covered By Source Type, By End User.
    The Europe is anticipated to have the highest market share in the Germany Renewable Energy Market.
    The key players in the market include Companies Covered Siemens Gamesa Renewable Energy SA, General Electric Company, SunPower Corporation, Centrotherm International AG, Senvion S.A.
    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.
    Not able to find what you are looking for? Need customization in the existing report?
    Click Here

    Join Our SPER Panel

    Our Global Clients

    Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
    SPER-Astellas Pharma
    SPER-Citi Bank
    SPER-Microsoft
    SPER-EY
    SPER-McKinsey
    SPER-Bain
    SPER-Max-Healthcare
    SPER-DHL
    SPER-SIEMENS
    SPER-IQVIA
    SPER-Pfizer
    SPER-LOREAL
    SPER-Kankar IMRB
    SPER-ITA
    SPER-PWC
    SPER-Sanofi
    SPER-p&g
    SPER-Johnson & Johnson
    SPER-IPSOS
    SPER-Heineken

    SPER

    Market Research

    We are the leading, full-service global market research and consulting company.

    Certificates
    iso-1 iso-1 iso-1 ESOMAR
    Secure Payments
    SPER Payment Options
    Contact HR

     [email protected]

     +91-742-898-5650