Republic of Ireland Renewable Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Republic of Ireland Renewable Energy Market is expected to witness a CAGR of more than 7% during the forecast period. The COVID-19 pandemic affected the market negatively by bringing down the demand for electricity and causing supply chain issues owing to the closure of manufacturing facilities and disruption of logistics networks, especially in the shipping industry. In terms of the growth of the market, factors such as increasing adoption of renewable energy sources in the energy generation mix, supportive government policies, and rising environmental concerns are expected to drive the market. However, significant reliance on fossil fuel-based power generation may restrain the market. Due to this and other factors, Ireland missed its renewable energy installation target of 2020.
Key HighlightsThe Republic of Ireland Renewable Energy Market is moderately consolidated. Some of the major players involved in the market include Orsted AS, Mainstream Renewable Power Ltd, RES UK & Ireland Ltd, Electricite de France SA, and Statkraft Ireland Ltd.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook