Italy Renewable Energy Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook
Italy Renewable Energy Market Size- By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2024 | Report ID: POAE2456 | Pages: 1 - 108 | Formats*: |
| Category : Power & Energy | |||
Italy Renewable Energy Market Introduction and Overview
According to SPER Market Research, the Italy Renewable Energy Market is estimated to reach USD XX billion by 2033 with a CAGR 7.38%.
The report includes an in-depth analysis of the Italy Renewable Energy Market, including market size and trends, product mix, distribution channels, and supplier analysis. Energy from renewable sources, such the sun and wind, is produced. Major renewable energy sources include geothermal, wind, solar, bioenergy, hydropower, and ocean power. The heating, electrical, cooling, and transportation industries currently use renewable energy. Roughly 7% of the energy needed in the globe is supplied by renewable sources. Fossil fuels are less expensive than renewable energy. The most significant of these is the belief that carbon dioxide (CO2) emissions from the use of fossil fuels are the cause of global warming, which motivates the use of renewable energy sources.
- An independent power producer firm (IPP), BNZ, declared in December 2021 that it had been granted permission to build a 45 MW solar PV facility in the Italian province of Lazio. The project should be operational by 2023, according to the developer.
- RWE's Italian renewable energy business started up at its new onshore wind farm, Alcamo II, in Sicily in April 2021. This project is RWE's first international partnership with Goldwind. The four turbines (GW 136-3.4MW) were supplied by Goldwind, and together they have an installed capacity of 13.6 megawatts (MW), producing 26 gigawatt-hours of power annually.
Market Opportunities and Challenges
Opportunities: The nation has seen massive investments in solar technology from private companies and international forums in recent years, which has caused the share of solar-generated power to expand quickly. As of 2020, solar power generation accounted for about 26% of the nation's electricity mix. A report published in 2020 by SolarPower Europe states that Italy's cumulative solar PV capacity surpassed 21.340 MW. Additionally, by the end of 2024, the nation intends to install an additional 6.3 GW, which would fuel the segment's expansion in the upcoming years. As part of the COVID19 economic assistance package, the Italian government approved a new 110% tax incentive in May 2020 for residential PV systems installed in conjunction with building energy efficiency modernizations. This is expected to encourage the deployment of solar power in the country.
Challenges: A major hurdle is the unpredictability of regulations, which has made things unclear for developers and investors. The development of renewable energy infrastructure may be hampered by changes in regulations and incentives, which may discourage long-term project implementation and investment planning. Grid integration is another problem since it can be difficult for the current grid infrastructure to effectively handle variable renewable energy production. This discrepancy may force the grid to undergo expensive improvements or result in a reduction in the production of renewable energy.
Market Competitive Landscape
The market for renewable energy in Italy is comparatively fragmented. Grouppo STG Srl, Vestas Wind Systems AS, EF Solare Italia SpA, ERG SpA, and Enel Green Power SpA are a few of the significant businesses.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type |
| Regions covered | Eastern, Western, Southern, Northern |
| Companies Covered | Edison SpA, EF Solare Italia SpA, Enel Green Power SpA, ERG SpA, Gruppo STG Srl, Peimar Srl, Siemens Gamesa Renewable Energy SA, Vestas Wind Systems AS, Others. |
COVID-19 Impact on Italy Renewable Energy Market
COVID-19 does not appear to have a significant impact on the Italian renewable energy sector. Mostly as a result of solar PV and wind power developments, the country's installed capacity of renewable electricity increased by roughly 0.8% in 2019–2020. In Italy, the renewable energy sector is expected to grow rapidly in the next years. There will likely be two main factors contributing to the growth: the availability of substantial funds raised by regional and national forums, as well as the nice weather.
Key Target Audience:
- Government and Regulatory Bodies
- Energy Utilities and Grid Operators
- Renewable Energy Developers and Project Managers
- Financial Institutions and Investors
- Technology Providers and Equipment Manufacturers
- Academic and Research Institutions
- Environmental NGOs and Advocacy Groups
Our in-depth analysis of the Italy Renewable Energy Market includes the following segments:
| By Type: |
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Key Topics Covered in the Report:
- Italy Renewable Energy Market Size (FY’2024-FY’2033)
- Overview of Italy Renewable Energy Market
- Segmentation of Italy Renewable Energy Market By Type (Solar, Wind, Hydro, Others)
- Expansion Analysis of Italy Renewable Energy Market
- Problems and Obstacles in Italy Renewable Energy Market
- Competitive Landscape in the Italy Renewable Energy Market
- Impact of COVID-19 and Demonetization on Italy Renewable Energy Market
- Details on Current Investment in Italy Renewable Energy Market
- Competitive Analysis of Italy Renewable Energy Market
- Prominent Players in the Italy Renewable Energy Market
- SWOT Analysis of Italy Renewable Energy Market
- Italy Renewable Energy Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. 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. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Italy Renewable Energy Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Italy Renewable Energy Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Italy Renewable Energy Market
7. Italy Renewable Energy Market, By Type (USD Million) 2020-2033
7.1. Italy Renewable Energy Market Size, Share and Forecast, By Type, 2020-20267.2. Italy Renewable Energy Market Size, Share and Forecast, By Type, 2027-20337.3. Solar7.4. Wind7.5. Hydro7.6. Others
8. Italy Renewable Energy Market Forecast, 2020-2033 (USD Million)
8.1. Italy Renewable Energy Market Size and Market Share
9. Italy Renewable Energy Market, By Region, 2020-2033 (USD Million)
9.1. Italy Renewable Energy Market Size and Market Share By Region (2020-2026)9.2. Italy Renewable Energy Market Size and Market Share By Region (2027-2033)9.3. Eastern9.4. Western9.5. Southern9.6. Northern
10. Company Profile
10.1. Edison SpA
10.1.1. Company details10.1.2. Financial outlook10.1.3. Product summary10.1.4. Recent developments
10.2. EF Solare Italia SpA
10.2.1. Company details10.2.2. Financial outlook10.2.3. Product summary10.2.4. Recent developments
10.3. Enel Green Power SpA
10.3.1. Company details10.3.2. Financial outlook10.3.3. Product summary10.3.4. Recent developments
10.4. ERG SpA
10.4.1. Company details10.4.2. Financial outlook10.4.3. Product summary10.4.4. Recent developments
10.5. Gruppo STG Srl
10.5.1. Company details10.5.2. Financial outlook10.5.3. Product summary10.5.4. Recent developments
10.6. Peimar Srl
10.6.1. Company details10.6.2. Financial outlook10.6.3. Product summary10.6.4. Recent developments
10.7. Siemens Gamesa Renewable Energy SA
10.7.1. Company details10.7.2. Financial outlook10.7.3. Product summary10.7.4. Recent developments
10.8. Vestas Wind Systems AS
10.8.1. Company details10.8.2. Financial outlook10.8.3. Product summary10.8.4. Recent developments
10.9. Others
11. Conclusion
12. Reference Links
13. List of Abbreviations
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.
Frequently Asked Questions About This Report
Italy Renewable Energy Market size is USD XX billion from 2024 to 2033.
Italy Renewable Energy Market Segment is covered By Type.
The Europe is anticipated to have the highest Market share in the Italy Renewable Energy Market.
The key players in the Market include Companies Covered Edison SpA, EF Solare Italia SpA, Enel Green Power SpA, ERG SpA, Gruppo STG Srl, Peimar Srl, Siemens Gamesa Renewable Energy SA, Vestas Wind Systems AS, Others.
Energy from renewable sources, such the sun and wind, is produced. Major renewable energy sources include geothermal, wind, solar, bioenergy, hydropower, and ocean power. The heating, electrical, cooling, and transportation industries currently use renewable energy.
Italy Renewable Energy Market is projected to reach USD XX billion by 2033, growing at a CAGR of 7.38% during the forecast period.
Italy Renewable Energy Market grew in Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 7.38% during the forecast period.
Italy Renewable Energy Market CAGR of 7.38% during the forecast period.
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