Belgium Wind Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Belgium wind energy market is expected to record a CAGR of more than 15.2% during the forecast period, 2020-2025. The market studied is expected to witness significant growth due to the rising energy demand coupled with the increasing share of renewable in the power generation mix, efforts to reduce the reliance on fossil fuel-based power generation, regulations on energy efficiency, and utilization of energy. However, the rising adoption of alternate clean power sources, such as solar energy, is likely to restrain the growth of the wind energy market in the coming years.
Key HighlightsThe Belgium wind energy market is moderately fragmented. Some of the key players in this market include PoweratSea, Siemens Gamesa Renewable Energy SA, Parkwind NV, Renewable Energy Base Oostende, and Senvion SA.
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