Market Size of Netherlands Wind Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 9.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Netherlands Wind Energy Market Analysis
The Netherlands wind energy market is projected to register a CAGR of over 9.5% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.
- Over the medium term, factors like increasing demand for renewable energy, rising investments in wind farms, and reducing CO2 emissions are driving the wind energy market in the country.
- On the other hand, the increasing adoption of alternate clean power sources such as solar energy is likely to hinder the growth of the wind energy market in the coming years.
- Nevertheless, the Netherlands has a highly ambitious renewable-energy plan in the works. The country is expected to build the world's largest offshore wind farm by 2027 and a 2.3-square-mile artificial island to support it. The wind farm is expected to produce 30 GW of power, which will likely provide an opportunity for growth in deploying wind energy in the coming future.
Netherlands Wind Energy Industry Segmentation
The wind produces electricity by converting the kinetic energy of air in motion into electricity. By rotating the rotor blades, wind transforms kinetic energy into rotational energy. The rotational energy is transferred to the generator through a shaft, generating electrical power.
The Netherlands wind energy market is segmented by deployment location, which is segmented into onshore and offshore. For each segment, the market sizing and forecasts have been done based on installed capacity (GW).
| Location of Deployment | |
| Onshore | |
| Offshore |
Netherlands Wind Energy Market Size Summary
The Netherlands wind power market is experiencing a robust growth trajectory, driven by increasing demand for renewable energy and significant investments in wind farm projects. The country is poised to become a leader in offshore wind energy, with plans to construct the world's largest offshore wind farm by 2027, supported by a substantial artificial island. This ambitious project is expected to significantly boost the country's wind energy capacity, aligning with its renewable energy targets. The Netherlands benefits from favorable conditions for offshore wind energy, including shallow waters and strong wind resources, which are attracting further investments in this sector. Despite the growing adoption of solar energy, wind power remains a crucial component of the Netherlands' strategy to reduce CO2 emissions and achieve sustainability goals.
The market is moderately consolidated, with key players such as Enercon GmbH, Siemens Gamesa Renewable Energy SA, and General Electric Company actively participating in the sector. Recent developments include BP's bid for offshore wind leases and GE Renewable Energy's repowering projects, which aim to enhance the productivity of existing wind farms. These initiatives underscore the Netherlands' commitment to expanding its wind energy infrastructure. However, the increasing adoption of solar energy, supported by innovations like floating PV systems and smart city initiatives, poses a potential challenge to the growth of the wind energy market. Nonetheless, the Netherlands continues to prioritize wind energy as a vital part of its clean energy transition.
Netherlands 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 in GW, till 2027
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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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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Location of Deployment
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2.1.1 Onshore
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2.1.2 Offshore
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Netherlands Wind Energy Market Size FAQs
What is the current Netherlands Wind Energy Market size?
The Netherlands Wind Energy Market is projected to register a CAGR of greater than 9.5% during the forecast period (2024-2029)
Who are the key players in Netherlands Wind Energy Market?
Enercon GmbH, Siemens Gamesa Renewable Energy SA , Mitsubishi Corp , General Electric Company and Lagerwey Wind BV are the major companies operating in the Netherlands Wind Energy Market.
