Market Size of Germany Distributed Solar Power Generation Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 2.50 % |
| Market Concentration | Low |
Major Players.webp "Germany Distributed Solar Power Generation Market Major Players"){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Germany Distributed Solar Power Generation Market Analysis
The distributed solar power generation market in Germany is expected to witness a CAGR of more than 2.5% during the forecast period. The COVID-19 pandemic had a negligible effect on the country's solar energy market, as they witnessed an upsurge in distributed solar PV capacity addition in 2020, even after a slowed industrial activity during the lockdown. For instance, in May 2020, as per the federal networking agency Bundesnetzagentur, the country has added 291 MW of distributed solar PV additions. Factors such as increasing energy demand clubbed with low operating costs, and the presence of top-notch renewable energy companies in the country will drive the distributed solar power generation market during the forecast period. However, the market growth is hampered by the high initial cost and unfavorable climate, as Germany is not a very sun-drenched country.
- The increasing demand for energy and clean electricity will drive the market's growth during the forecast period.
- The new German government has blueprints to phase-out nuclear and coal power from the electricity mix forever by 2030. Out of the six remaining atomic reactors, three are already shut down in 2021, and one will become dysfunctional by 2022. Coal-fired power production also decreased in the last decade. The new government still has plans to completely do away with coal power production to decarbonize all the energy applications. The measures place a tremendous opportunity for renewables and distributed solar power generation market.
- The government policies to promote renewable power generation is expected to propel the market growth during the forecast period.
Germany Distributed Solar Power Generation Industry Segmentation
The German distributed solar power generation market report includes:
Germany Distributed Solar Power Generation Market Size Summary
The distributed solar power generation market in Germany is poised for growth, driven by increasing energy demand and the country's commitment to transitioning to renewable energy sources. Despite challenges such as high initial costs and less favorable climatic conditions, the market is supported by the presence of leading renewable energy companies and government policies aimed at phasing out nuclear and coal power by 2030. The German government's strategic focus on decarbonizing energy applications and promoting renewable power generation is expected to significantly boost the market during the forecast period. The push to quadruple solar PV installations and achieve an 80% renewable energy mix by 2030 underscores the country's dedication to clean energy, providing a substantial opportunity for the distributed solar power sector.
The market landscape is characterized by a fragmented industry with numerous players, including prominent companies like Juwi Solar Inc., Wuxi Suntech Power Co. Ltd, First Solar Inc., Trina Solar Limited, and Tesla Inc. Government initiatives, such as the Renewable Energy Act (EEG), have been instrumental in integrating solar and wind power into the electricity mix, enhancing public acceptance and providing financial incentives for smaller rooftop PV installations. These reforms, alongside European Union legislation aimed at reducing greenhouse gas emissions, are pivotal in driving the growth of Germany's distributed solar power generation market. The ongoing developments and supportive policies are expected to sustain the market's expansion, aligning with the country's broader energy transition goals.
Germany Distributed Solar Power Generation Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Distributed Solar Installed Capacity and Forecast in GW, Germany, till 2027
-
1.3 Recent Trends and Developments
-
1.4 Government Policies and Regulations
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.2 Restraints
-
-
1.6 Supply Chain Analysis
-
1.7 PESTLE Analysis
-
Germany Distributed Solar Power Generation Market Size FAQs
What is the current Germany Distributed Solar Power Generation Market size?
The Germany Distributed Solar Power Generation Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in Germany Distributed Solar Power Generation Market?
Trina Solar Limited, Juwi Solar Inc., Tesla Inc., Wuxi Suntech Power Ltd. and First Solar Inc. are the major companies operating in the Germany Distributed Solar Power Generation Market.
