Europe Energy Transition Market Trends and Analysis by Sectors Major Players and Policies, 2023
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Europe Energy Transition Market Report Overview
The European power market is almost evenly split between renewables and nuclear and thermal sources. The region has high renewable potential due to its high hydraulic reserves and its wind resources, in which the North Sea has become an attractive area for developing wind projects. The capacity and generation outlook suggests that, while it is probably the region that has made the most significant progress in achieving its target to reduce emissions and become net zero, further work is still needed to develop technologies that can support an economy based on renewables, such as robust energy storage capacity.
The Europe Energy Transition market research report provides analysis and trends on Europe’s energy transition from non-renewable to renewable sources.
Key Power Types | · Coal
· Oil · Gas · Nuclear · Hydro · Wind · Solar PV · Solar Thermal · Geothermal · Biopower |
Key Sectors | · Electric Vehicles
· Renewable Fuels · CCS/ CCU · Hydrogen |
Key Players | · Trina Solar Co Ltd
· First Solar Inc · JinkoSolar Holding Co Ltd · Canadian Solar Inc · JA Solar Technology Co Ltd |
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Europe Energy Transition Market Segmentation by Power Type
The key power types in the Europe energy transition market are coal, oil, gas, nuclear, hydro, wind, solar PV, solar thermal, geothermal, and biopower. Gas had the largest power capacity in Europe in 2022. Renewables accounted for more than half of the European power market in 2022 and are expected to reach almost three-quarters of the total power capacity by 2035. Moreover, wind and solar are the technologies that will see the greatest development. Power capacity from hydro and nuclear is expected to have small declines in their shares of total capacity by 2035.
Europe Energy Transition Market Analysis by Power Type (%)
For more power type insights into the Europe energy transition market, download a free report sample
Europe Energy Transition Market Segmentation by Sectors
The key sectors in the Europe energy transition market are electric vehicles, renewable fuels, CCS/ CCU, and hydrogen.
Electric Vehicles: Europe is the main region to build policies and funding to support electric vehicle adoption, banning the sale of fossil-fuel vehicles from 2035. The EU has put in practice multiple policies and financial support incentives to boost the use of electric vehicles with an aim to displace traditional ICE vehicles.
Renewable Fuels: European countries have increased the number of renewable refineries producing renewable fuels such as renewable diesel, green naphtha, and sustainable aviation fuels. The increasing capacity of this fuel is aligned with the related European targets and will support blending targets across multiple industries.
Europe Energy Transition Market – Competitive Landscape
Some of the major players in the Europe energy transition market are Trina Solar Co Ltd, First Solar Inc, JinkoSolar Holding Co Ltd, Canadian Solar Inc, and JA Solar Technology Co Ltd.
Europe Energy Transition Market Analysis by Players (%)
For more player insights into the Europe energy transition market, download a free report sample
Segments Covered in the Report
Europe Energy Transition Market Power Types Outlook (2018-2035)
- Coal
- Oil
- Gas
- Nuclear
- Hydro
- Wind
- Solar PV
- Solar Thermal
- Geothermal
- Biopower
Europe Energy Transition Market Sectors Outlook (2018-2035)
- Electric Vehicles
- Renewable Fuels
- CCS/ CCU
- Hydrogen
Scope
The report provides:
- Regional Energy Transition in Europe
- Policies supporting energy transition
- Power renewable capacity and generation by 2035 and thermal decommissioning capacity
- Electric vehicles market and growth
- Renewable refineries in the EU
- CCS capacity and main industries adopting CCS
- Main hydrogen developments and hydrogen capacity in Europe
Reasons to Buy
- Identify the last trends, policies, and leaders in energy transition technologies.
- Develop market insight of current, in-development, and announced capacity and latest trends of each of the sectors.
- Understand the potential market growth and policy support for renewable power, hydrogen, renewable refineries, CCS, and EVs.
- Facilitate the understanding of where the market is growing as it is positioned as one of the main topics of the international agenda.
RWE
Capital Energy
TATA
Stellantis
Geely
Neste
Preem
Shell
Equinor
INEOS
Drax
CiP
Gasunie
Air Liquide
Table of Contents
Table
Figures
Frequently asked questions
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Which is the leading power type in the Europe energy transition market?
Gas was the leading power type in the Europe energy transition market in 2022.
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What are the key sectors in the Europe energy transition market?
The key sectors in the Europe energy transition market are electric vehicles, renewable fuels, CCS/ CCU, and hydrogen.
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Who are the key players operating in the Europe energy transition market?
Some of the major players in the Europe energy transition market are Trina Solar Co Ltd, First Solar Inc, JinkoSolar Holding Co Ltd, Canadian Solar Inc, and JA Solar Technology Co Ltd.
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