Italy Power Market Size (2024 - 2029)

The Italian power market is poised for growth, driven by the transition of its energy mix and an increase in power generation from non-hydro renewable sources. Despite challenges such as high initial investment costs and limited natural resources, supportive government policies and ongoing power projects are expected to bolster the market's expansion. The non-hydro renewable power segment, in particular, is anticipated to experience significant growth, offering substantial opportunities for market participants as Italy aims to achieve its ambitious renewable energy targets.

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Market Size of Italy Power Industry

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italy power market size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 3.50 %
Market Concentration Medium

Major Players

italy power market major players

*Disclaimer: Major Players sorted in no particular order

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Italy Power Market Analysis

The Italian power market is expected to register a CAGR of more than 3.5% during the forecast period (2022-2027). The COVID-19 outbreak led to a sudden decline in the power generation sector in Italy, and primary energy consumption fell by 9% in 2020 compared to 2019, with a large fall in energy supply and a delay in several ongoing power projects. The transition of the Italian energy mix, increasing power generation from non-hydro renewable power sources, supportive government policies, and upcoming and ongoing power projects are expected to drive the Italian power market during the forecast period. However, the high initial investment cost, long investment return period on projects, and limited natural resources are expected to hinder the growth of the Italian power market during the forecast period.

  • The non-hydro renewable power segment is expected to witness significant growth during the forecast period due to increasing non-hydro renewable power installed capacity.
  • With ambitious renewable energy targets in Italy focused on installing 70 GW of clean power capacity by 2030, huge market opportunities exist for the market players in the future.
  • The transition of the Italian energy mix is expected to drive the Italian power market during the forecast period.

Italy Power Industry Segmentation

The scope of the Italian power market report includes:

Power Generation from Sources
Thermal Power
Non-hydro Renewable Power
Hydroelectric
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Italy Power Market Size Summary

The Italian power market is poised for growth, driven by a significant transition towards non-hydro renewable energy sources. This shift is supported by government policies and ambitious renewable energy targets, aiming to install substantial clean power capacity by the end of the decade. The market is experiencing a transformation in its energy mix, with increasing investments in solar and wind energy, which are expected to play a crucial role in meeting the rising demand for electrical energy. Despite challenges such as high initial investment costs and limited natural resources, the market is set to benefit from technological advancements and the declining cost of renewable energy, which enhance the economic viability of solar and wind projects.

The phase-out of coal-based power generation in Italy is creating opportunities for renewable energy sources, as the country seeks to diversify its energy mix and meet its national energy strategy goals. The transition is expected to drive significant demand for solar and wind energy, supported by the country's abundant solar resource potential and advancements in solar technology. Key players in the moderately fragmented market, such as Enel SpA and Engie SA, are actively investing in renewable projects, while infrastructure investments are being made to support the energy transition. This strategic shift is anticipated to bolster the Italian power market's growth trajectory over the forecast period.

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Italy Power Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Installed Power Generation Capacity and Forecast in GW, till 2027

    3. 1.3 Italy Renewable Energy Mix, 2020

    4. 1.4 Recent Trends and Developments

    5. 1.5 Government Policies and Regulations

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

      2. 1.6.2 Restraints

    7. 1.7 Supply Chain Analysis

    8. 1.8 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Power Generation from Sources

      1. 2.1.1 Thermal Power

      2. 2.1.2 Non-hydro Renewable Power

      3. 2.1.3 Hydroelectric

    2. 2.2 Power Transmission and Distribution (T&D)

Italy Power Market Size FAQs

The Italy Power Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)

Enel SpA, Engie SA, Electricite de France SA, PLT Energia SRL and ERG SpA are the major companies operating in the Italy Power Market.

Italy Power Report Snapshots

Italy Power Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)