Europe Renewable Energy Infrastructure Market

Upsurge in solar and wind power share in power production and increase in environmental awareness and regulations are driving the market growth

Europe leads the offshore wind sector and hosts the largest operational wind farms globally. The future of achieving the European Green Deal hinges on the widespread deployment of offshore wind energy. By the end of 2021, Europe had amassed a cumulative offshore wind energy capacity of approximately 28 gigawatts. To reach its carbon neutrality goal by 2050, the European Union requires 32 gigawatts of new wind capacity annually until 2030. In 2022, new wind installations in Europe totaled 19.1 gigawatts, with 16.7 gigawatts onshore and 2.5 gigawatts offshore.

Solar and wind power collectively generated over a fifth (22%) of Europe's electricity in 2022, surpassing fossil gas (20%) for the first time, as per the European Electricity Review 2023.

According to a survey conducted by the European Union, protecting the environment is deemed very important by more than half of Europeans (53%), with an additional 41% considering it fairly important. Only a small percentage (6%) believe it is not very or not at all important to them. Additionally, three-quarters of Europeans (76%) view climate change as a very serious problem in their country, with 31% considering it extremely serious. One in six respondents (16%) perceive it as fairly serious, while 7% believe it is not a serious problem. Thus, driving the Renewable Energy Infrastructure market revenue.

The Global Europe Renewable Energy Infrastructure Market Industry is projected to experience substantial growth in the coming years. With a market value of 235.94 USD Billion anticipated in 2024, the industry is on a trajectory to reach an estimated 541.32 USD Billion by 2035. This growth reflects a compound annual growth rate of 7.84 percent from 2025 to 2035, driven by factors such as government policies, technological advancements, and increasing investments in renewable energy projects. The market's expansion is indicative of a broader transition towards sustainable energy solutions across Europe.

Technological advancements play a pivotal role in shaping the Global Europe Renewable Energy Infrastructure Market Industry. Innovations in solar, wind, and energy storage technologies have led to increased efficiency and reduced costs, making renewable energy sources more competitive with fossil fuels. For example, the cost of solar photovoltaic systems has decreased by over 80 percent since 2010, facilitating wider adoption. Moreover, advancements in battery storage technology are enhancing the reliability of renewable energy systems. As these technologies continue to evolve, they are likely to bolster the market, which is projected to reach 541.32 USD Billion by 2035.

Increasing environmental awareness among consumers and businesses is a driving force in the Global Europe Renewable Energy Infrastructure Market Industry. As climate change becomes a pressing global issue, there is a growing demand for sustainable energy solutions. Public sentiment is shifting towards supporting renewable energy initiatives, with many individuals and organizations actively seeking to reduce their carbon footprints. This heightened awareness is prompting investments in renewable energy projects across Europe, as stakeholders recognize the long-term benefits of sustainability. Consequently, this trend is expected to contribute to a compound annual growth rate of 7.84 percent from 2025 to 2035.

Energy security and independence are critical considerations influencing the Global Europe Renewable Energy Infrastructure Market Industry. Many European countries are striving to reduce their reliance on imported fossil fuels, particularly in light of geopolitical tensions and fluctuating energy prices. By investing in renewable energy infrastructure, nations can enhance their energy security and create a more resilient energy system. This strategic shift not only mitigates risks associated with energy supply disruptions but also fosters economic stability. As countries prioritize energy independence, the market is expected to benefit from increased investments and infrastructure development.

The Global Europe Renewable Energy Infrastructure Market Industry is significantly influenced by robust government policies and incentives aimed at promoting renewable energy adoption. Various European nations have implemented ambitious targets for reducing greenhouse gas emissions, with many aiming for net-zero emissions by 2050. For instance, the European Union has set a target of at least 55 percent reduction in emissions by 2030 compared to 1990 levels. Such policies often include financial incentives, tax breaks, and subsidies for renewable energy projects, which are expected to drive the market's growth, contributing to an estimated market value of 235.94 USD Billion in 2024.

The Global Europe Renewable Energy Infrastructure Market Industry is witnessing a surge in investment in renewable energy projects. Financial institutions and private investors are increasingly channeling funds into solar, wind, and hydropower projects, driven by the potential for long-term returns and the global shift towards sustainability. In 2023, investments in renewable energy in Europe reached approximately 50 billion USD, reflecting a growing confidence in the sector. This influx of capital is essential for developing new infrastructure and expanding existing facilities, thereby supporting the market's growth trajectory as it approaches a valuation of 541.32 USD Billion by 2035.

Leading market players are investing heavily in research and development to expand their product lines, which will help the Renewable Energy Infrastructure market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Renewable Energy Infrastructure industry must offer cost-effective items.

Major players in the Renewable Energy Infrastructure market are attempting to increase market demand by investing in research and development operations, including Delta Electronics, Inc., Panduit Corp, Duke Energy Sustainable Solutions, Ameresco, Enel X S.r.l., HARTING Technology Group, Ramboll, VENA ENERGY, Siemens, Toyota.