Europe Renewable Energy Market Size & Outlook, 2025-2033

Europe Renewable Energy Market Highlights

Based on Market Strides findings, the Europe Renewable Energy Market size reached USD 391.85 Billion in 2024 and is expected to grow to USD 1,382.95 Billion by 2033.
During 2026–2033, the market is forecasted to advance at a CAGR of 15.10%.
Solar represented the largest share of the By Technology market in terms of size in 2024.
Among the By Technology segments, Bioenergy is forecasted to achieve the highest growth and remain the most lucrative through the forecast period.

Source: MS Analysis Company Publications, Primary Interviews.

Other Key Findings

Europe held 25.96% share of the global Renewable Energy Market size in 2024.
United States is expected to remain the largest contributor to the global market by 2033.
By 2033, Russia is anticipated to record the highest growth in Europe, with the market size expected to reach USD 1906.54 Billion.

Report Summary

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 391.85 Billion
Market Size In 2033	USD 1,382.95 Billion
Largest segment	Solar
Units	Revenue in USD Billion
CAGR	15.10% (2025-2033)
Segmnetation Covered
Europe	Germany United Kingdom France Italy Spain Russia Nordic Benelux
By Technology	Solar Wind Bioenergy
By Application	Utility-Scale Distributed
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Europe Renewable Energy Market Country 2025-2033 (USD Billion)

Europe	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Germany	XX.x	XX.x	XX.x	98.59	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
United Kingdom	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
France	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Italy	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Spain	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Russia	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Nordic	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Benelux	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Europe Renewable Energy Market By Technology 2025-2033 (USD Billion)

By Technology	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Solar	XX.x	XX.x	XX.x	202.31	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Wind	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Bioenergy	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Europe Renewable Energy Market By Application 2025-2033 (USD Billion)

By Application	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Utility-Scale	XX.x	XX.x	XX.x	235.7	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Distributed	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Author :

Market Strides Research Team

The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.