Germany Renewable Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The market for renewable energy in Germany is expected to grow at a CAGR of more than 3% in the forecast period of 2020-2025. Factors such as supportive government policies and efforts to meet the rising power demand using renewable energy sources are expected to be significant contributors to the growth of the market. With the commitment of the government to obtain maximum energy from renewable and to reduce carbon emissions, the share of renewable is expected to grow significantly and are driving the renewable energy market further. On the other hand, factors like harsh climatic conditions and the use of other conventional energy are a few restraining factors for the Germany renewable energy market.
Key HighlightsGermany renewable energy market is moderately fragmented. Some of the key players are Siemens Gamesa Renewable Energy SA, General Electric Company, SunPower Corporation, Centrotherm International AG, Senvion S.A.
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