Market Size of Switzerland Renewable Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Switzerland Renewable Energy Market Analysis
Switzerland's renewable energy market is expected to grow at a CAGR of over 3% during the forecast period of 2020 - 2025. The growing concerns regarding greenhouse gas emissions and other pollutants that lead to consequences like environmental damage and global warming are prompting governments to look for cleaner power generation options. This is likely to drive the Switzerland renewable energy market. However, stagnant demand for electricity in the country is expected to restrain the Switzerland renewable energy market.
- The hydro segment, with the highest installed power generating capacity, dominates the market of Switzerland renewable energy, in 2019.
- Switzerland's government signed an agreement in 2017, to reduce greenhouse gas emissions by 50% of its 1990 level by 2030, primarily by cutting domestic emissions. This agreement is likely to create several opportunities for Switzerland renewable energy market in the future.
- Increasing installed capacity for solar as well as hydro power in the country is likely to drive the Switzerland renewable energy market during the forecast period.
Switzerland Renewable Energy Industry Segmentation
The Switzerland renewable energy market report include:
Switzerland Renewable Energy Market Size Summary
Switzerland's renewable energy market is poised for growth, driven by increasing concerns over greenhouse gas emissions and the need for cleaner power generation. The government's commitment to reducing emissions by half from 1990 levels by 2030 is expected to create significant opportunities in the sector. Despite stagnant electricity demand posing a challenge, the market is bolstered by the dominance of hydropower, which accounts for a substantial portion of the country's renewable energy generation. The mountainous terrain and abundant water resources have facilitated the establishment of numerous hydropower plants, making hydro energy a key player in Switzerland's renewable energy landscape.
The expansion of solar and hydro power capacities is anticipated to further propel the market. Initiatives such as floating solar projects and digitalization of hydropower plants underscore the country's commitment to enhancing its renewable energy infrastructure. The integration of solar and hydro energy sources is expected to improve efficiency and reliability. The market is moderately consolidated, with key players like Axpo Holding AG and SGS Renewable Energy contributing to its development. Overall, the increasing installed capacity of renewable energy sources is set to drive the growth of Switzerland's renewable energy market in the coming years.
Switzerland 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 Switzerland Renewable Energy Installed Capacity Forecast, in Megawatts (MW), till 2025
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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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Switzerland Renewable Energy Market Size FAQs
What is the current Switzerland Renewable Energy Market size?
The Switzerland Renewable Energy Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in Switzerland Renewable Energy Market?
Axpo Holding AG , Landustrie Sneek BV, SGS Renewable Energy and CTU Clean Technology Universe AG are the major companies operating in the Switzerland Renewable Energy Market.
