The United Kingdom Renewable Energy Market Report is Segmented by Technology (Solar Energy, Wind Energy, Hydropower, Bioenergy, Geothermal, and Ocean Energy) and End-User (Utility, Commercial and Industrial, and Residential). The Market Sizes and Forecasts are Provided in Terms of Installed Capacity (GW).

United Kingdom Renewable Energy Market Outlook 2031

United Kingdom renewable energy market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 10.04% during the forecast period 2023 - 2031. The growth of the market is attributed to increasing energy consumption, traditional power sources unable to meet requirement, and growing numbers in renewable energy manufactures.

Renewable energy can be supplied to tides, waves, rain, and wind. While renewable energy is commonly thought of as a replacement technology, harnessing nature’s power has long been used for transportation, lighting, and heating. Now there are innovative and less-expensive ways to capture and retain wind and solar energy renewables are getting an additional necessary power supply.

The COVID-19 outbreak was not able to affect the renewable energy corporation. Renewable energy market players faced several problems vary from getting component require to develop renewable energy and providing end products to attracting workers from quarantines.

The coronavirus-driven internment places a brake on the element and device production that increased product costs, lowering the market demand. However, the renewable energy trade is returning to traditional, witnessing the steady increasing energy demand, particularly from the commercial sectors.

United Kingdom Renewable Energy Market Trends, Drivers, Restraints, and Opportunities

• Increase in consumer purchasing capacity and growing population is projected to boost the market in the coming year.
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Levels of support for renewable energy for electricity, heat and fuel in the United Kingdom have remained relatively unchanged since 2012. In 2012, 79 percent of respondents reported being supportive of the use of renewable energy, while five percent were opposed. This figure rose to 84 percent as of March 2023. The share of respondents who support renewables, however, has presented a growing trend.

Transmission entry capacity (TEC) of renewables, excluding hydro, wind and solar presented a trend of continuous growth in the United Kingdom, peaking at 3,707 megawatts in 2019. At that same time, TEC of wind power stations amounted to 8,647 megawatts.

The size of the United Kingdom Renewable Energy Market was valued at USD 40 Billion in 2023 and is projected to reach USD 90 Billion by 2032, with an expected CAGR of 10.04% during the forecast period. Recent developments include: February 2023: the Crown State in the United Kingdom signed agreements to lease six offshore wind energy projects. These projects are likely to start generating electricity by the end of the decade, and these projects have the potential to generate 8 GW of renewable energy sufficient to power more than seven million households., March 2022: Shell announced a plan to invest around USD 33 billion n the United Kingdom energy system in the next ten years. Around 75 % of total investment was expected in renewable energy projects, including offshore wind, hydrogen, and electric mobility., January 2022: SSE announced details of its first solar project that delivered 30 MW of clean energy as part of its ambitious USD 16 billion investment program to power change toward net zero. The 30-MW solar farm at Littleton Pastures is located near Evesham, Worcestershire, England. Once completed in late 2023, the 77-acre site can power about 9,400 homes.. Key drivers for this market are: 4., Supportive Government Policies in the Country4.; Rising Efforts to Decrease the Dependency on Fossil Fuels to Reduce Carbon Emissions. Potential restraints include: 4., Changes in Government Policies Related to Increasing VAT on Various Clean Energy Technologies. Notable trends are: Wind Energy is Expected to Dominate the Market.

The United Kingdom power market, valued at approximately £X billion in 2025 (assuming a logical estimation based on the provided CAGR and market trends), is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) exceeding 7% from 2025 to 2033. This expansion is driven by several key factors. Increasing demand for electricity fueled by a growing population and industrial activity necessitates a significant increase in power generation capacity. Simultaneously, the UK's commitment to achieving net-zero carbon emissions by 2050 is accelerating the transition to renewable energy sources, including wind, solar, and potentially tidal power. This transition is attracting substantial investments and fostering innovation within the renewable energy sector. Government policies promoting renewable energy adoption, along with stricter regulations on carbon emissions from conventional power plants, further underpin this market's expansion. However, challenges remain. The intermittent nature of renewable energy sources requires significant investment in grid infrastructure upgrades and energy storage solutions to ensure grid stability and reliability. Furthermore, securing sufficient investment for large-scale renewable energy projects, managing public acceptance of new infrastructure, and navigating fluctuating energy prices continue to pose challenges. Despite these restraints, the UK power market presents significant opportunities for established players and new entrants alike. The ongoing expansion of offshore wind capacity, particularly in areas with high wind speeds, offers considerable potential for generating clean energy. Furthermore, the integration of smart grid technologies and advanced energy management systems is poised to improve efficiency and grid resilience. Companies involved in power generation, transmission, and distribution, including those specializing in renewable energy technologies, are well-positioned to benefit from this growth. The market segmentation into thermal, renewable (hydro, non-hydro), and nuclear power, along with transmission and distribution (T&D), showcases the diverse investment and operational opportunities within this dynamic sector. Companies like Electricite de France SA, Ecotricity Group Ltd, and others listed are key players navigating this complex and evolving market landscape. The forecast period of 2025-2033 promises substantial growth, creating a fertile ground for strategic partnerships, mergers, and acquisitions. Recent developments include: In March 2021, Statkraft, Europe's largest renewable energy generator, announced development plans for three new solar farms in the United Kingdom, two in Cornwall and one in Suffolk. The solar energy farms aim to provide 125.5 MWp of solar capacity, generate nearly 127 GWh of electricity per year, and power nearly 36,000 homes., In January 2022, the UK government announced GBP 100 million (USD 134 million) funding to support the Sizewell C nuclear power project in Suffolk. The funding will be used to continue the development of the project and aim to attract further financing from private investors and secure relevant approvals., In January 2022, SSE announced details of its first solar project that would deliver 30 MW of clean energy as part of its ambitious GBP 12.5 billion investment program to power change toward net-zero. The 30 MW solar farm at Littleton Pastures is located near Evesham, Worcestershire. Once completed in late 2023, the 77-acre site would be capable of powering about 9,400 homes.. Notable trends are: Non-hydro Renewable Power Segment to Witness Significant Market Growth.

The size of the UK Solar Power Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 23.53% during the forecast period. Recent developments include: June 2023: The United Kingdom Government approved the construction of the country's largest solar farm, large enough to power about 60,000 households, on farmland near Chelmsford. Longfield Solar Farm, which spans 380 hectares of intensive arable farmland near Terling, has the potential to generate enough electricity to supply four times the energy needs of all new dwellings planned for Chelmsford over the next 13 years., June 2023: AMPYR Solar Europe is happy to announce the acquisition of a 390 MWp Solar PV + BESS portfolio from Tyler Hill, which includes sites throughout the United Kingdom. The five projects have grid security and are being presented for planning approval. AMPYR Solar Europe will work with Tyler Hill to bring the assets to a "ready-to-build" level before beginning construction in 2024.. Key drivers for this market are: Government Policies and Demand for Renewable Energy Sources 4., The Declining Costs of Solar Technologies. Potential restraints include: Limited Land and Demand for Alternative Renewable Energy Sources. Notable trends are: Residential Sector to Witness Significant Growth.

This statistic shows the trends in overall electrical generating capacity of renewable energy in the United Kingdom (UK) from 2012 to 2017. Since 2012 the generating capacity of solar PV has gone up by ****** MW, peaking at ****** MW in 2017. Onshore wind electrical capacity has also been steadily rising since 2012, with a ***** percent increase in 2017 from the previous year.

The UK renewable energy market is booming, projected to reach £X million by 2025 and grow at a CAGR of 10.04% until 2033. Discover key drivers, trends, and major players shaping this dynamic sector, including wind, solar, and hydro power. Recent developments include: February 2023: the Crown State in the United Kingdom signed agreements to lease six offshore wind energy projects. These projects are likely to start generating electricity by the end of the decade, and these projects have the potential to generate 8 GW of renewable energy sufficient to power more than seven million households., March 2022: Shell announced a plan to invest around USD 33 billion n the United Kingdom energy system in the next ten years. Around 75 % of total investment was expected in renewable energy projects, including offshore wind, hydrogen, and electric mobility., January 2022: SSE announced details of its first solar project that delivered 30 MW of clean energy as part of its ambitious USD 16 billion investment program to power change toward net zero. The 30-MW solar farm at Littleton Pastures is located near Evesham, Worcestershire, England. Once completed in late 2023, the 77-acre site can power about 9,400 homes.. Key drivers for this market are: 4., Supportive Government Policies in the Country4.; Rising Efforts to Decrease the Dependency on Fossil Fuels to Reduce Carbon Emissions. Potential restraints include: 4., Supportive Government Policies in the Country4.; Rising Efforts to Decrease the Dependency on Fossil Fuels to Reduce Carbon Emissions. Notable trends are: Wind Energy is Expected to Dominate the Market.

Discover the booming UK distributed solar power generation market! Our analysis reveals a £500 million market in 2025, projected to grow at a 1.73% CAGR until 2033. Learn about key drivers, trends, and top companies shaping this renewable energy sector. Key drivers for this market are: 4., Demand for Clean Energy Sources4.; Supportive Government Policies. Potential restraints include: 4., Increasing Adoption of Other Alternative Clean Energy Sources. Notable trends are: The Residential Segment to Dominate the Market.

The UK's energy use from renewable and waste sources, by source (for example, hydroelectric power, wind, wave, solar, and so on) and industry (SIC 2007 section - 21 categories), 1990 to 2023.

The UK Distributed Solar Power Generation Industry size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 1.73 % during the forecasts periods. Recent developments include: In January 2021, E.ON, a German energy company, acquired a 49% stake in the UK solar energy company, Eco2solar. The acquisition is expected to enhance Eco2solar's technical capabilities, thereby helping the company expand its business in the United Kingdom. The acquisition is expected to have no impact on Eco2solar business activities. It may continue to install solar systems, battery storage, and other smart technologies across the UK solar PV market., In December 2020, an Oxford Scientist developed a new, record-breaking solar cell technology that can convert 29.5% of solar energy into electricity. On average, a solar cell converts 15-20% of solar energy into electricity.. Key drivers for this market are: 4., Demand for Clean Energy Sources4.; Supportive Government Policies. Potential restraints include: 4., Increasing Adoption of Other Alternative Clean Energy Sources. Notable trends are: The Residential Segment to Dominate the Market.

The United Kingdom’s electricity use has been declining since peaking at *** terawatt-hours in 2005. In 2024, the UK's electricity increased on the previous year, amounting to *** terawatt-hours. Electricity consumption in the UK typically follows a seasonal trend, peaking in the winter months. How electricity-intensive is the UK? Despite the continual decline in electricity consumption, the UK remains one of the largest electricity consumers in the world. In terms of per capita electricity consumption, however, the UK ranks low in comparison to other European countries such as Norway, Germany, and France. In 2023, it registered an average of ***** kilowatt-hours per person. The race towards a clean power mix In 2010, gas and coal accounted for roughly ** percent of the UK's power mix. Since then, alongside the EU Renewables Directive, the UK agreed and created its own National Renewable Energy Plan, to increase the use of renewable sources and decrease its fossil fuel dependence. In the past decade, the share of energy consumption in the UK attributable to renewable energy increased slightly, although it was still a small percentage out of the total in 2023.

"Solar PV in the UK, Market Outlook to 2030, Update 2019 – Capacity, Generation, Investment Trends, Regulations and Company Profiles” is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the solar PV market in the UK.
The research details renewable power market outlook in the country (includes wind, small hydro, biopower and solar PV) and provides forecasts up to 2030. The report highlights installed capacity and power generation trends from 2010 to 2030 in the UK solar PV market. A detailed coverage of renewable energy policy framework governing the market with specific policies pertaining to solar PV is provided in the report. The research also provides company snapshots of some of the major market participants.
The report is built using data and information sourced from proprietary databases, secondary research and in-house analysis by GlobalData’s team of industry experts. Read More

The UK solar power market is booming, with a projected CAGR of 23.53% to 2033. Discover key trends, market size projections, leading companies, and regional insights in our comprehensive analysis. Learn about the drivers, restraints, and future opportunities in this rapidly expanding sector. Key drivers for this market are: Government Policies and Demand for Renewable Energy Sources 4., The Declining Costs of Solar Technologies. Potential restraints include: Limited Land and Demand for Alternative Renewable Energy Sources. Notable trends are: Residential Sector to Witness Significant Growth.