Market Size of Italy Wind Energy Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR (2024 - 2029) | 5.61 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Wind Energy Market Analysis
The Italy Wind Energy Market size is estimated at 14.08 gigawatt in 2024, and is expected to reach 18.49 gigawatt by 2029, growing at a CAGR of 5.61% during the forecast period (2024-2029).
- Over the medium term, factors such as upcoming & ongoing renewable energy auctions coupled with increasing investments and financial support from the government and international financial institutions are expected to drive the wind energy market in Italy during the forecast period.
- On the other hand, the increasing adoption of alternate clean power sources, such as solar, hydro, etc., is likely to hinder the growth of the wind energy market during the forecast period.
- Nevertheless, according to the national energy and climate plan (NECP), in order to achieve greenhouse gas emissions reduction, Italy has set a target to contribute 30% to the 2030 European Union's (EU) renewable energy target, which is likely to provide an opportunity for growth in the deployment of wind energy.
Italy Wind Energy Industry Segmentation
Wind energy is the process where the wind generates mechanical power or electricity. Wind turbines then convert the kinetic energy in the wind into mechanical power.
The Italy wind energy market report provides insight into the market size, growth, trends, analysis, government policies and regulations, competitive landscape, market dynamics, and opportunities. The market sizing and forecasts have been done for each segment based on installed capacity.
Italy Wind Energy Market Size Summary
The Italian wind energy market is poised for growth, driven by government initiatives and international financial support aimed at boosting renewable energy sources. The country's commitment to contributing significantly to the European Union's renewable energy targets underlines the strategic importance of wind energy in its energy mix. Despite the competition from other renewable sources like solar and hydro, Italy's focus on onshore wind energy, particularly in regions with high wind potential, is expected to enhance its wind energy portfolio. The ongoing and upcoming wind farm projects, such as those in Apulia, highlight the country's efforts to expand its wind energy capacity, making it a key player in the European wind energy sector.
Italy's wind energy industry is characterized by a semi-consolidated market structure, with major players like ERG SpA, Siemens Gamesa Renewable Energy SA, Enel SpA, Vestas Wind Systems AS, and EDP Renov√°veis actively participating in the market. These companies are involved in significant projects and investments, such as Vestas' supply of wind turbines for the Eolia wind park and EDP Renewables' feed-in tariff projects, which include both wind and solar energy components. While the wind energy market faces challenges from the growing adoption of alternative clean energy sources, its strategic importance in Italy's energy transition and its alignment with national and EU energy goals provide a robust foundation for future growth.
Italy Wind Energy Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Installed Capacity and Forecast, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.1.1 A Series of Renewable Energy Auctions
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1.5.1.2 Increasing Deployment of the Onshore Wind
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1.5.2 Restraints
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1.5.2.1 The Increasing Adoption of Alternate Clean Power Sources, Such as Solar and Hydro
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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1.8 Key Projects Information
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Italy Wind Energy Market Size FAQs
How big is the Italy Wind Energy Market?
The Italy Wind Energy Market size is expected to reach 14.08 gigawatt in 2024 and grow at a CAGR of 5.61% to reach 18.49 gigawatt by 2029.
What is the current Italy Wind Energy Market size?
In 2024, the Italy Wind Energy Market size is expected to reach 14.08 gigawatt.
