Market Size of Poland Renewable Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR (2024 - 2029) | 14.51 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Poland Renewable Energy Market Analysis
The Poland Renewable Energy Market size is estimated at 25.08 gigawatt in 2024, and is expected to reach 49.38 gigawatt by 2029, growing at a CAGR of 14.51% during the forecast period (2024-2029).
In 2020, the sector witnessed a frequent disturbance in the supply chain. With COVID-19 spread, the country-imposed lockdown and restrictions in several phases have affected the country's renewable energy business. Apart from imported parts or components, the domestic players in Poland rely on the imported raw materials used to manufacture solar panels, wind turbines, CHP plants, etc. Raw materials such as silicon, aluminum, steel, and glass fibers are majorly imported from countries like China, the United States, and other European countries like Germany and Belgium. With COVID-19 restrictions, raw material supply from these countries to the country witnessed a significant drop, thus adversely affecting solar panel, CHP plant, and wind turbine manufacturers. The primary driver of the market includes government policies that emphasize switching its electricity generation from coal to renewable fuels. Uses of renewable energy ensure energy diversification, and it helps to meet its increasing energy demand from cleaner sources. However, increasing penetration of natural gas for power generation in the country is expected to hinder the growth of the market during the forecast period.
- Solar energy deployment is expected to be the fastest-growing segment in the Polish renewable energy market during the forecast period.
- With the intention of increasing its renewable energy share in the energy mix, Poland has extended plans up to 2030. Moreover, Poland possesses the significant industrial potential to develop the offshore wind energy sector. Thus, development in the offshore wind sector and continuous effort to meet its target by 2030 are expected to create an opportunity for the market in the near future.
- Favorable government policies for renewable energy deployment are expected to drive the market during the forecast period.
Poland Renewable Energy Industry Segmentation
Renewable energy is the energy collected from renewable resources such as sunlight, wind, water movement, and geothermal heat that are naturally replenished.
The Polish Renewable Energy Market is segmented by Power Source (Wind, Hydroelectric, Solar, and Other power Sources). The report offers the market size and forecasts for the renewable energy market in installed capacity (GW) for all the above segments.
| Power Source | |
| Wind | |
| Hydroelectric | |
| Solar | |
| Other Power Sources |
Poland Renewable Energy Market Size Summary
The Polish renewable energy market is poised for significant growth, driven by favorable government policies and a strategic shift from coal to renewable energy sources. The market is expected to expand substantially over the forecast period, with solar energy deployment anticipated to be the fastest-growing segment. This growth is supported by Poland's abundant solar resources and technological advancements that have reduced the cost of solar modules. The government's commitment to increasing the renewable energy share in the national energy mix, as outlined in the National Energy Policy, is a key factor propelling the market forward. Despite challenges such as supply chain disruptions and the increasing penetration of natural gas, the renewable energy sector in Poland is set to benefit from enhanced subsidies and supportive policies aimed at boosting solar and wind energy capacities.
Poland's renewable energy market is characterized by a moderate level of fragmentation, with key players such as PGE Polska Grupa Energetyczna SA, Akuo Energy SAS, and Engie SA actively contributing to the sector's development. The country's renewable energy capacity has been on an upward trajectory, with significant investments in solar and wind projects. Notable developments include the construction of the Stępień solar plant and the Rozdraew onshore wind farm, which underscore the ongoing efforts to expand renewable energy infrastructure. The government's ambitious targets for solar and offshore wind capacity, coupled with financial support from institutions like the European Bank for Reconstruction and Development, are expected to drive substantial growth in Poland's renewable energy market over the coming years.
Poland Renewable 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 Renewable Generation Capacity and Forecast in GW, till 2028
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1.3 Poland Renewable Energy Mix in 2022
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1.4 Poland Power Generation Mix 2022
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1.5 Recent Trends and Developments
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1.6 Government Policies and Regulations
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1.7 Market Dynamics
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1.7.1 Drivers
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1.7.2 Restraints
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1.8 Supply Chain Analysis
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1.9 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Power Source
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2.1.1 Wind
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2.1.2 Hydroelectric
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2.1.3 Solar
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2.1.4 Other Power Sources
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Poland Renewable Energy Market Size FAQs
How big is the Poland Renewable Energy Market?
The Poland Renewable Energy Market size is expected to reach 25.08 gigawatt in 2024 and grow at a CAGR of 14.51% to reach 49.38 gigawatt by 2029.
What is the current Poland Renewable Energy Market size?
In 2024, the Poland Renewable Energy Market size is expected to reach 25.08 gigawatt.
