Summary
Renewable Energy in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, 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 UK renewable energy market recorded revenues of $11,012.6 million in 2024, representing a compound annual growth rate (CAGR) of 3.5% between 2019 and 2024.
- Market production volume increased with a CAGR of 3.8% between 2019 and 2024, reaching a total of 136,669.5 GWh in 2024.
- The growth of the UK renewable energy market in 2024 was significantly supported by the expansion of solar power capacity, reflecting a strong governmental commitment to achieving clean energy targets. According to the UK’s Department for Energy Security and Net Zero (DESNZ), the country added 1.2 GW of new solar capacity in 2024, marking a 7.5% annual increase and raising total installed capacity to 17.6 GW.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the renewable energy market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in the United Kingdom
- 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 United Kingdom renewable energy market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the United Kingdom renewable energy market by value in 2024?
- What will be the size of the United Kingdom renewable energy market in 2029?
- What factors are affecting the strength of competition in the United Kingdom renewable energy market?
- How has the market performed over the last five years?
- Who are the top competitors in the United Kingdom'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. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. 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. Category segmentation
4.2. 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. Orsted AS
8.2. SSE Plc
8.3. Drax Group Plc
8.4. Electricite de France SA
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: United Kingdom renewable energy market value: $ million, 2019-24
Table 2: United Kingdom renewable energy market volume: GWh, 2019-24
Table 3: United Kingdom renewable energy market category segmentation: % share, by value, 2019-24
Table 4: United Kingdom renewable energy market category segmentation: $ million, 2019-24
Table 5: United Kingdom renewable energy market geography segmentation: $ million, 2024
Table 6: United Kingdom renewable energy market value forecast: $ million, 2024-29
Table 7: United Kingdom renewable energy market volume forecast: GWh, 2024-29
Table 8: Orsted AS: Key Facts
Table 9: Orsted AS: Annual Financial Ratios
Table 10: Orsted AS: Key Employees
Table 11: SSE Plc: Key Facts
Table 12: SSE Plc: Annual Financial Ratios
Table 13: SSE Plc: Key Employees
Table 14: Drax Group Plc: Key Facts
Table 15: Drax Group Plc: Annual Financial Ratios
Table 16: Drax Group Plc: Key Employees
Table 17: Electricite de France SA: Key Facts
Table 18: Electricite de France SA: Key Employees
Table 19: Electricite de France SA: Key Employees Continued
Table 20: United Kingdom Size of Population (Million), 2020-24
Table 21: United Kingdom Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: United Kingdom GDP (Current Prices, $ Billion), 2020-24
Table 23: United Kingdom Inflation, 2020-24
Table 24: United Kingdom Consumer Price Index (Absolute), 2020-24
Table 25: United Kingdom Exchange Rate, 2019-24
List of Figures
Figure 1: United Kingdom renewable energy market value: $ million, 2019-24
Figure 2: United Kingdom renewable energy market volume: GWh, 2019-24
Figure 3: United Kingdom renewable energy market category segmentation: $ million, 2019-24
Figure 4: United Kingdom renewable energy market geography segmentation: % share, by value, 2024
Figure 5: United Kingdom renewable energy market value forecast: $ million, 2024-29
Figure 6: United Kingdom renewable energy market volume forecast: GWh, 2024-29
Figure 7: Forces driving competition in the renewable energy market in the United Kingdom, 2024
Figure 8: Drivers of buyer power in the renewable energy market in the United Kingdom, 2024
Figure 9: Drivers of supplier power in the renewable energy market in the United Kingdom, 2024
Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in the United Kingdom, 2024
Figure 11: Factors influencing the threat of substitutes in the renewable energy market in the United Kingdom, 2024
Figure 12: Drivers of degree of rivalry in the renewable energy market in the United Kingdom, 2024
