Netherlands Solar Energy Market Size
| Study Period | 2018- 2028 |
| Base Year For Estimation | 2022 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2021 |
| CAGR | > 10.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Netherlands Solar Energy Market Analysis
During the time frame of the forecast, the Dutch solar energy market is expected to register a CAGR of over 10%.
In 2020, COVID-19 had a detrimental effect on the market. Presently, the market has reached pre-pandemic levels.
- Over the next five to ten years, the main things 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.
- On the other hand, the focus on other clean, renewable energy sources is likely to slow the growth of the Dutch 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 for 100% of electricity to come from renewable sources by 2050. This, in turn, leads to more renewable energy being used in the country, which should give the solar market a lot of chances to grow.
Netherlands Solar Energy Market Trends
Solar PV Segment is Expected to Hold Significant Market Share
- The Netherlands' solar photovoltaic industry was one of the more significant segments in the power generation industry, with an installed capacity of around 14249 MW by 2021. With concern regarding climatic change and rising air pollution, the government has a roadmap to increase the share of renewable energy, such as solar, in its energy mix during the study period.
- As of 2021, the country was anticipated to cover around 6.8% of Dutch electricity demand, and the Dutch solar market grew 43 percent year on year in 2021.
- In October 2022, the Netherlands added 3.3 GW of new PV capacity at the end of the second quarter, which would be enough to bring its installed solar power to 17.6 GW.
- According to IRENA, the Netherlands' solar PV installed capacity was projected to account for around 14,249 MW in 2021.
- In the last five years, solar photovoltaic (PV) deployment has sped up thanks to lower costs and feed-in tariffs.Most likely, the key factors will help the country reach climate neutrality by 2040. As part of this ambitious target, the country pledged to source all its electricity supply from renewable sources by 2030. Hence, it is likely to boost solar PV deployment across the country.
- Distributed solar energy generation is growing in the country, mainly in the residential and commercial segments. In 2021, the installed solar energy capacity of the residential and commercial sectors combined reached 3.63 GW, witnessing a growth of 4% compared to 3.49 GW in 2020. Most of the development has come from the residential solar PV sector.
- Hence, owing to such developments, the solar PV segment will likely have a significant market share during the forecast period.
Governmnet Initives to Support the Market Growth
- The total renewable energy installed capacity of renewables was 22954 MW in 2021. Among the renewable energy installed capacity, wind power accounts for 7801 MW, and hydropower accounts for 37 MW.
- To meet its sustainability goals of having a high share of renewables in electricity production, the government has implemented several policies in the country. The solar energy sector, thus, has shown tremendous growth in the last decade. In the Netherlands, the cumulative installed solar power capacity grew from 111 MW in 2011 to 14249 MW in 2021 due to such initiatives.
- As of 2021, the solar power share in the renewable electricity mix was around 29%. Due to effective government policies like the net metering scheme, the share is expected to grow substantially in the coming years. The government decided to maintain its net-metering system in its current form until 2023, with plans to phase it out gradually by 2031.
- Further, in 2022, the Dutch government announced earmarking a budget of around USD 13.8 billion for the SDE+ (Dutch Renewable Energy Support Scheme) program. The scheme includes solar parks, wind parks, and hybrid renewable power plants with hydrogen production facilities.
- Owing to the above point, an increase in renewable energy demand is expected to drive the Netherlands' Solar Energy Market during the forecast period.
Netherlands Solar Energy Industry Overview
The Dutch solar energy market is moderately fragmented. Some of the major players (in no particular order) include Vattenfall AB, Orsted A/S, AB Solar Total, Solarfields Nederland BV, and DMEGC Solar Energy.
Netherlands Solar Energy Market Leaders
Solarfields Nederland BV
DMEGC Solar Energy
Vattenfall AB
Orsted A/S
AB SOLAR TOTAL.
*Disclaimer: Major Players sorted in no particular order
Netherlands Solar Energy Market News
- September 2022: Ardagh Group SA and its renewable energy partners Eneco and Zoncoalitie announced the commencement of construction for three on-site solar projects in the Netherlands. The solar installations will supply renewable, on-site-generated electricity to Ardagh’s Dongen, Moerdijk, and Oss facilities and are part of Ardagh’s strategy to utilize 100% renewable electricity by 2030.
- April 2022: The Netherlands Organization for Applied Scientific Research (TNO) showed the strong potential of photovoltaics in all scenarios for the country’s future energy mix. According to Dutch experts, solar energy is expected to reach between 55 GW and 132 GW by 2050.
Netherlands Solar Energy Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Installed Capacity and Forecast in MW, till 2028
4.3 Government Policies and Regulations
4.4 Recent Trends and Developments
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 Technology
5.1.1 Solar Photovoltaic (PV)
5.1.2 Concentrated Solar Photovoltaic (CSP)
5.2 End-User
5.2.1 Residential
5.2.2 Industrial
5.2.3 Utility
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Vattenfall AB
6.3.2 Zhejiang Chint Electrics Co. Ltd.
6.3.3 AB SOLAR TOTAL.
6.3.4 DMEGC Solar Energy
6.3.5 Orsted A/S
6.3.6 TenneT Holding B.V.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 Dutch 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 photovoltaic (CSP). The Netherlands solar energy market covers market size and forecasts for the market. For each segment, market sizing and forecasts have been done based on installed capacity (MW) for all the above segments.
Netherlands Solar Energy Market Research FAQs
What is the current Netherlands Solar Energy Market size?
The Netherlands Solar Energy Market is projected to register a CAGR of greater than 10% during the forecast period (2023-2028).
Who are the key players in Netherlands Solar Energy Market?
Solarfields Nederland BV, DMEGC Solar Energy, Vattenfall AB, Orsted A/S and AB SOLAR TOTAL. are the major companies operating in the Netherlands Solar Energy Market.
Netherlands Solar Energy Industry Report
Statistics for the 2023 Netherlands Solar Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Netherlands Solar Energy analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
