United Kingdom (UK) Renewable Energy Market Summary, Competitive Analysis and Forecast to 2027
Summary
Renewable Energy in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The renewable energy market consists of the net generation of electricity through renewable sources. It is divided into five segments, these being hydroelectricity, wind energy, solar, biomass, and geothermal. The volume of the market is calculated as the net volume of electricity produced through renewable means. The value of the industry is the amount of electricity produced multiplied by the wholesale price data for electricity generation.
- The UK renewable energy market had total revenues of $28.0 billion in 2022, representing a compound annual growth rate (CAGR) of 5.8% between 2017 and 2022.
- Market production volume increased with a CAGR of 6.3% between 2017 and 2022, to reach a total of 126,454.3 GWh in 2022.
- The UK renewable energy market has grown in correlation with an increase in renewable capacity. According to the UK government, in Q1 2023, installed renewable capacity grew by 5.1%, primarily due to offshore wind and solar PV.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in the United Kingdom
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom renewable energy market with five year forecasts
- What was the size of the United Kingdom renewable energy market by value in 2022?
- What will be the size of the United Kingdom renewable energy market in 2027?
- What factors are affecting the strength of competition in the United Kingdom renewable energy market?
- How has the market performed over the last five years?
- What are the main segments that make up the United Kingdom's renewable energy market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What have been the most significant mergers and acquisitions over the last year?
- 7.3. Which companies are responsible for the most significant renewable projects under development?
- 8 Company Profiles
- 8.1. Orsted AS
- 8.2. E.ON Climate & Renewables GmbH
- 8.3. EDF Energy Renewables Ltd
- 8.4. SSE Plc.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United Kingdom renewable energy market value: $ million, 2017–22
- Table 2: United Kingdom renewable energy market volume: GWh, 2017–22
- Table 3: United Kingdom renewable energy market category segmentation: % share, by value, 2017–2022
- Table 4: United Kingdom renewable energy market category segmentation: $ million, 2017-2022
- Table 5: United Kingdom renewable energy market geography segmentation: $ million, 2022
- Table 6: United Kingdom renewable energy market value forecast: $ million, 2022–27
- Table 7: United Kingdom renewable energy market volume forecast: GWh, 2022–27
- Table 8: Orsted AS: key facts
- Table 9: Orsted AS: Annual Financial Ratios
- Table 10: Orsted AS: Key Employees
- Table 11: Orsted AS: Key Employees Continued
- Table 12: E.ON Climate & Renewables GmbH: key facts
- Table 13: E.ON Climate & Renewables GmbH: Key Employees
- Table 14: EDF Energy Renewables Ltd: key facts
- Table 15: EDF Energy Renewables Ltd: Key Employees
- Table 16: SSE Plc.: key facts
- Table 17: SSE Plc.: Annual Financial Ratios
- Table 18: SSE Plc.: Key Employees
- Table 19: United Kingdom size of population (million), 2018–22
- Table 20: United Kingdom gdp (constant 2005 prices, $ billion), 2018–22
- Table 21: United Kingdom gdp (current prices, $ billion), 2018–22
- Table 22: United Kingdom inflation, 2018–22
- Table 23: United Kingdom consumer price index (absolute), 2018–22
- Table 24: United Kingdom exchange rate, 2018–22
- List of Figures
- Figure 1: United Kingdom renewable energy market value: $ million, 2017–22
- Figure 2: United Kingdom renewable energy market volume: GWh, 2017–22
- Figure 3: United Kingdom renewable energy market category segmentation: $ million, 2017-2022
- Figure 4: United Kingdom renewable energy market geography segmentation: % share, by value, 2022
- Figure 5: United Kingdom renewable energy market value forecast: $ million, 2022–27
- Figure 6: United Kingdom renewable energy market volume forecast: GWh, 2022–27
- Figure 7: Forces driving competition in the renewable energy market in the United Kingdom, 2022
- Figure 8: Drivers of buyer power in the renewable energy market in the United Kingdom, 2022
- Figure 9: Drivers of supplier power in the renewable energy market in the United Kingdom, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in the United Kingdom, 2022
- Figure 11: Factors influencing the threat of substitutes in the renewable energy market in the United Kingdom, 2022
- Figure 12: Drivers of degree of rivalry in the renewable energy market in the United Kingdom, 2022
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