Summary
Renewable Energy in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Renewable energy market includes net generation of electricity through renewable sources. Market is segmented into hydroelectricity, wind, solar PV, biopower, and geothermal. Market volume represents the net volume of electricity produced through renewable means. Market value is calculated by multiplying the amount of electricity produced by the wholesale price.
- The Belgian renewable energy market recorded revenues of $2,147.4 million in 2024, representing a compound annual growth rate (CAGR) of 8.2% between 2019 and 2024.
- Market production volume increased with a CAGR of 8.2% between 2019 and 2024, reaching a total of 28,871.1 GWh in 2024.
- Belgium’s climate and pollution goals have significantly supported the growth of its renewable energy market by driving a structural shift away from fossil fuel dependence. According to the US Energy Information Administration (EIA), in 2024, the proportion of fossil fuels in total power generation in Belgium reached 28.4%, down from 33.1% in 2019.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in Belgium
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Belgium
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Belgium renewable energy market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Belgium renewable energy market by value in 2024?
- What will be the size of the Belgium renewable energy market in 2029?
- What factors are affecting the strength of competition in the Belgium renewable energy market?
- How has the market performed over the last five years?
- What are the main segments that make up Belgium's renewable energy market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Luminus SA
8.2. Electrabel SA
8.3. Parkwind NV
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Belgium renewable energy market value: $ million, 2019-24
Table 2: Belgium renewable energy market volume: GWh, 2019-24
Table 3: Belgium renewable energy market geography segmentation: $ million, 2024
Table 4: Belgium renewable energy market value forecast: $ million, 2024-29
Table 5: Belgium renewable energy market volume forecast: GWh, 2024-29
Table 6: Luminus SA: Key Facts
Table 7: Luminus SA: Key Employees
Table 8: Electrabel SA: Key Facts
Table 9: Electrabel SA: Key Employees
Table 10: Parkwind NV: Key Facts
Table 11: Belgium Size of Population (Million), 2020-24
Table 12: Belgium Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 13: Belgium GDP (Current Prices, $ Billion), 2020-24
Table 14: Belgium Inflation, 2020-24
Table 15: Belgium Consumer Price Index (Absolute), 2020-24
Table 16: Belgium Exchange Rate, 2019-24
List of Figures
Figure 1: Belgium renewable energy market value: $ million, 2019-24
Figure 2: Belgium renewable energy market volume: GWh, 2019-24
Figure 3: Belgium renewable energy market geography segmentation: % share, by value, 2024
Figure 4: Belgium renewable energy market value forecast: $ million, 2024-29
Figure 5: Belgium renewable energy market volume forecast: GWh, 2024-29
Figure 6: Forces driving competition in the renewable energy market in Belgium, 2024
Figure 7: Drivers of buyer power in the renewable energy market in Belgium, 2024
Figure 8: Drivers of supplier power in the renewable energy market in Belgium, 2024
Figure 9: Factors influencing the likelihood of new entrants in the renewable energy market in Belgium, 2024
Figure 10: Factors influencing the threat of substitutes in the renewable energy market in Belgium, 2024
Figure 11: Drivers of degree of rivalry in the renewable energy market in Belgium, 2024
