Europe Renewable Energy Market By End-Use
| Label | Bioenergy | Geothermal Energy | Hydropower | Ocean Energy | Solar Energy | Wind Energy |
|---|---|---|---|---|---|---|
| 2018 | 0.6223 USD Million | 0.3661 USD Million | 1.1255 USD Million | 0.271 USD Million | 17.6973 USD Million | 7.2368 USD Million |
| 2019 | 0.7312 USD Million | 0.4138 USD Million | 1.3164 USD Million | 0.3255 USD Million | 21.0142 USD Million | 8.647 USD Million |
| 2020 | 0.7083 USD Million | 0.3856 USD Million | 1.2692 USD Million | 0.3206 USD Million | 20.5699 USD Million | 8.5172 USD Million |
| 2021 | 0.7521 USD Million | 0.3939 USD Million | 1.3415 USD Million | 0.3443 USD Million | 22.0735 USD Million | 9.197 USD Million |
| 2022 | 0.8888 USD Million | 0.4479 USD Million | 1.5782 USD Million | 0.4096 USD Million | 26.3641 USD Million | 11.0535 USD Million |
| 2023 | 0.9947 USD Million | 0.4822 USD Million | 1.758 USD Million | 0.4591 USD Million | 29.817 USD Million | 12.5794 USD Million |
| 2024 | 1.1421 USD Million | 0.5326 USD Million | 2.0092 USD Million | 0.5255 USD Million | 34.5977 USD Million | 14.6877 USD Million |
| 2025 | 1.1509 USD Million | 0.5164 USD Million | 2.0155 USD Million | 0.5253 USD Million | 35.2361 USD Million | 15.0525 USD Million |
| 2026 | 1.2129 USD Million | 0.5235 USD Million | 2.1143 USD Million | 0.5463 USD Million | 37.5264 USD Million | 16.1312 USD Million |
| 2027 | 1.2624 USD Million | 0.5242 USD Million | 2.1905 USD Million | 0.5582 USD Million | 39.4727 USD Million | 17.0741 USD Million |
| 2028 | 1.2975 USD Million | 0.5183 USD Million | 2.241 USD Million | 0.56 USD Million | 41.0002 USD Million | 17.8459 USD Million |
| 2029 | 1.3164 USD Million | 0.5059 USD Million | 2.2631 USD Million | 0.5512 USD Million | 42.0368 USD Million | 18.4117 USD Million |
| 2030 | 1.3173 USD Million | 0.4871 USD Million | 2.2544 USD Million | 0.5316 USD Million | 42.5135 USD Million | 18.7371 USD Million |
| 2031 | 1.2894 USD Million | 0.4586 USD Million | 2.1965 USD Million | 0.4978 USD Million | 42.0535 USD Million | 18.6504 USD Million |
| 2032 | 1.2514 USD Million | 0.6391 USD Million | 2.1219 USD Million | 0.5893 USD Million | 40.9038 USD Million | 18.4067 USD Million |
Data Source: Wantstats Repository
Growth Outlook
- The Europe Renewable Energy Market By TYPE market is on a steady long-term growth path. Segment value stands at roughly USD 58 Million in 2026 and is projected to reach USD 64 Million by 2032 — a gain of about 10% over the forecast period, translating to a CAGR in the low single digits.
- What the regional split looks like (2026): Solar Energy leads, holding roughly 65% of segment value — the single largest regional share. Wind Energy is the second-largest contributor. Hydropower, Bioenergy, Ocean Energy and Geothermal Energy make up the remainder, in descending order.
- By 2032, Solar Energy alone is expected to reach USD 41 Million, with Wind Energy at USD 18 Million.
Market Dynamics
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