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Netherlands Solar Energy Market Size (2024 - 2029)

The Netherlands solar energy market is anticipated to experience significant growth in its installed base over the forecast period, driven by increasing demand for clean energy and supportive government policies. Despite potential challenges from the focus on other renewable energy sources, the market is poised for expansion due to ambitious national energy policies aimed at substantial reductions in greenhouse gas emissions and a transition to 100% renewable electricity. These factors are expected to create substantial opportunities for the solar energy sector in the Netherlands.

Market Size of Netherlands Solar Energy Industry

Netherlands Solar Energy Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
Market Volume (2024) 18.76 gigawatt
Market Volume (2029) 30.40 gigawatt
CAGR (2024 - 2029) 10.14 %
Market Concentration Medium

Major Players

Netherlands Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Netherlands Solar Energy Market Analysis

The Netherlands Solar Energy Market size in terms of installed base is expected to grow from 18.76 gigawatt in 2024 to 30.40 gigawatt by 2029, at a CAGR of 10.14% during the forecast period (2024-2029).

  • Over the medium term, the factors that will drive the market are the rising demand for clean energy, efforts to reduce greenhouse gas emissions, and government policies that make it easier to install solar panels during the forecast period.
  • On the other hand, the focus on other clean, renewable energy sources is likely to slow the growth of the Netherlands solar energy market during the forecast period.
  • Nevertheless, the Dutch energy policy plans to reduce greenhouse gas emissions (GHG) by 49% by 2030 and 95% by 2050, and 100% of electricity to come from renewable sources by 2050. This, in turn, expected to create huge opportunities for the solar energy market. 

Netherlands Solar Energy Industry Segmentation

Solar energy is one of the renewable energies. It is made by converting the energy that is already in the sun.Once the sunlight passes through the earth's atmosphere, most of it is in the form of visible light and infrared radiation. Solar cell panels are used to convert this energy into electricity.

The Netherlands solar energy market is segmented by technology and end-user. By end-user, the market is segmented into residential, industrial, and utility. By technology, the market is segmented into solar photovoltaic (PV) and concentrated solar power (CSP). For each segment, market sizing and forecasts have been done based on installed capacity for all the above segments.

Technology
Solar Photovoltaic (PV)
Concentrated Solar Power (CSP)
End-User
Residential
Industrial
Utility
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Netherlands Solar Energy Market Size Summary

The Netherlands solar energy market is poised for significant growth, driven by increasing demand for clean energy and supportive government policies aimed at reducing greenhouse gas emissions. The country's commitment to sourcing all its electricity from renewable sources by 2050 aligns with broader European Union goals, including the Fit for 55 Plan, which targets substantial emission reductions by 2030 and aims for net carbon neutrality by 2050. The Dutch government's Climate Act mandates a significant reduction in GHG emissions, further bolstering the solar energy sector's expansion. Despite competition from other renewable energy sources, solar energy is expected to play a crucial role in the Netherlands' energy transition, supported by initiatives like the SDE+ program, which allocates substantial funding for renewable energy projects.

The solar photovoltaic industry in the Netherlands has become a key segment of the power generation sector, with substantial growth in installed capacity over recent years. This growth is attributed to decreasing costs and favorable feed-in tariffs, which have accelerated solar PV deployment. The Netherlands aims to achieve climate neutrality by 2040, with solar energy expected to contribute significantly to this goal. The market is semi-fragmented, with major players such as Vattenfall AB, Orsted A/S, and Solarfields Nederland BV actively participating in the sector. Recent developments, including large-scale solar projects and innovative initiatives like floating solar panels at offshore wind farms, underscore the dynamic nature of the market and its potential for further expansion during the forecast period.

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Netherlands Solar Energy Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Installed Capacity and Forecast, till 2029

    3. 1.3 Government Policies and Regulations

    4. 1.4 Recent Trends and Developments

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Rising demand for clean energy and efforts to reduce greenhouse gas emissions

        2. 1.5.1.2 Favorable Government Policies

      2. 1.5.2 Restraints

        1. 1.5.2.1 Alternate renewable energy sources

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Technology

      1. 2.1.1 Solar Photovoltaic (PV)

      2. 2.1.2 Concentrated Solar Power (CSP)

    2. 2.2 End-User

      1. 2.2.1 Residential

      2. 2.2.2 Industrial

      3. 2.2.3 Utility

Netherlands Solar Energy Market Size FAQs

The Netherlands Solar Energy Market size is expected to reach 18.76 gigawatt in 2024 and grow at a CAGR of 10.14% to reach 30.40 gigawatt by 2029.

In 2024, the Netherlands Solar Energy Market size is expected to reach 18.76 gigawatt.

Netherlands Solar Energy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)