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Europe Solar Energy and Battery Storage Market
ID: MRFR/EnP/53935-HCR
200 Pages
June 2025
Europe Solar Energy and Battery Storage Market Research Report: By Application (Residential, Commercial, Utility), By Battery Type (Lithium-Ion, Lead-Acid, Flow Battery, Nickel-Cadmium), By Technology (Solar Photovoltaic, Concentrated Solar Power, Solar Thermal), By End Use (Grid-tied, Off-grid, Hybrid) andBy Regional (Germany, UK, France, Russia, Italy, Spain, Rest of Europe)- Forecast to 2035 Europe Solar Energy and Battery Storage Market Overview: As per MRFR analysis, the Europe Solar Energy and Battery Storage Market Size was estimate... read more
Industry Developments
The Europe Solar Energy and Battery Storage Market has witnessed significant advancements recently, with various companies expanding their operations. Notably, NextEra Energy and Enel announced strategic investments in new solar projects, aiming to enhance their renewable energy portfolios. Siemens is diversifying its energy solutions by integrating battery storage systems, which has risen due to increased demand for energy resilience and efficiency. In July 2023, EDF acquired a local solar development firm, boosting its renewable energy capacity across Europe. JinkoSolar and Canadian Solar are expanding their manufacturing footprints in Europe to meet the growing demand for photovoltaic technologies, while First Solar is advancing its innovation in thin-film solar solutions. Market valuations have risen, with Brookfield Renewable Partners reporting a significant increase in its shareholdings due to the growing demand for clean energy sources. The European market has seen a heightened emphasis on sustainability, with governments pushing initiatives to support solar and battery storage projects. Major policy shifts, including the European Green Deal, have reinforced investments in renewable energy, setting up a conducive environment for companies like RWE, Acciona Energy, TotalEnergies, and Vattenfall to flourish in this burgeoning market.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 37.06(USD Billion) |
| MARKET SIZE 2024 | 41.2(USD Billion) |
| MARKET SIZE 2035 | 132.04(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 11.168% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | NextEra Energy, Siemens, EDF, Enel, Brookfield Renewable Partners, JinkoSolar, Canadian Solar, RWE, Acciona Energy, Trina Solar, SMA Solar Technology, First Solar, TotalEnergies, Vattenfall, Iberdrola |
| SEGMENTS COVERED | Application, Battery Type, Technology, End Use, Regional |
| KEY MARKET OPPORTUNITIES | Increased renewable energy mandates, Technological advancements in storage, Rising demand for energy independence, Expansion of EV charging infrastructure, Competitive pricing of solar solutions |
| KEY MARKET DYNAMICS | Increased regulatory support, Growing renewable energy investments, Technological advancements in storage, Rising demand for energy independence, Decreasing solar installation costs |
| COUNTRIES COVERED | Germany, UK, France, Russia, Italy, Spain, Rest of Europe |
FAQs
What is the expected market size of the Europe Solar Energy and Battery Storage Market in 2024?
The Europe Solar Energy and Battery Storage Market is expected to be valued at 41.2 billion USD in 2024.
What will be the market size in 2035 for the Europe Solar Energy and Battery Storage Market?
By 2035, the market is projected to reach a value of 132.04 billion USD.
What is the expected CAGR for the Europe Solar Energy and Battery Storage Market from 2025 to 2035?
The expected CAGR for the market is 11.168% during the forecast period from 2025 to 2035.
Which region is expected to dominate the Europe Solar Energy and Battery Storage Market?
Germany is expected to dominate the market, being valued at 15.0 billion USD in 2024 and 48.0 billion USD in 2035.
What are the expected values for the residential application segment in 2024 and 2035?
The residential application segment is expected to be valued at 10.5 billion USD in 2024 and 33.12 billion USD in 2035.
What are the anticipated market values for the commercial application in 2024 and 2035?
The commercial application segment is projected to be valued at 12.6 billion USD in 2024 and 39.14 billion USD in 2035.
What is the expected growth rate for the utility application segment from 2024 to 2035?
The utility application segment is expected to grow from 18.1 billion USD in 2024 to 59.78 billion USD by 2035.
Who are the key players in the Europe Solar Energy and Battery Storage Market?
Major players in the market include NextEra Energy, Siemens, EDF, Enel, and Brookfield Renewable Partners.
What is the projected market value for the UK in 2024 and 2035?
The market value for the UK is expected to be 10.5 billion USD in 2024 and 34.0 billion USD in 2035.
What are the expected values for the market in France in 2024 and 2035?
In France, the market is expected to be valued at 7.2 billion USD in 2024 and 25.0 billion USD by 2035.
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