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 (%)

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 (%)

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


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.

Capital Energy
Air Liquide

Table of Contents

  • 1. Europe Emissions by Economic Sector
  • 2. Sector Grid and Leaders
  • 3. Power Outlook & Generation

    • 3.1. Renewable Energy: Policies & Economics
    • 3.2. Power Capacity Share Outlook
    • 3.3. Share of Power & Renewable Generation
    • 3.4. Thermal Power Decommissioning & Emissions
    • 3.5. Major players: Solar Vs Wind Owners, Manufacturers and EPCs

  • 4. Electrical Vehicles

    • 4.1. Policies & Funding
    • 4.2. Evs targets by Country
    • 4.3. Electric Vehicles Market
    • 4.4. 2020 car registrations
    • 4.5. Charging infrastructure growth

  • 5. Renewable fuels

    • 5.1. Policies & Support
    • 5.2. Renewable Refineries in EU
    • 5.3. Renewable Fuels Outlook
    • 5.4. Upcoming Renewable Refineries

  • 6. CCS/CCU

    • 6.1. Policies & Support
    • 6.2. EU Carbon Capture Capacity
    • 6.3. CCS Outlook
    • 6.4. Top projects in Europe

  • 7. Hydrogen

    • 7.1. Policies & Funding
    • 7.2. Top upcoming projects in Europe
    • 7.3. Capacity Targets for Producing Green Hydrogen


Table 1: Sector Grid and Leaders 5

Table 2: Solar Power Capacity EPCs and Manufacturer Leaders 11

Table 3: Wind Power Capacity EPCs and Manufacturer Leaders 11

Table 4: Electric Vehicles Policies and Support 13-14

Table 5: Electric Vehicles Targets by Country 15

Table 6: Renewable Fuels Policies and Support 20

Table 7: Largest Renewable Refineries 23

Table 8: CCS Policies and Support 25

Table 9: Top CCS Projects in Europe 28

Table 10: Leading EU Hydrogen Strategies, Policies & Programmes 30

Table 11: National Hydrogen Policies and Support 31

Table 12: Largest upcoming hydrogen plants in Europe 32


Figure 1: European Emissions by Economic Sector, (kt CO2-e) 2010 – 2017 4

Figure 2: Emissions reduction by Economic Sector, 2010 – 2017 (%) 4

Figure 3: European LCOE 7

Figure 4: Power Capacity Share, 2015 – 2035, % 8

Figure 5: Power Generation Share, 2015-2035 9

Figure 6: Decommissioning and Upcoming Thermal Capacity 10

Figure 7: Europe’s Emissions from Thermal Power 10

Figure 8: Solar Power Capacity 11

Figure 9: Wind Power Capacity 11

Figure 10: Light Vehicle Production Outlook 16

Figure 11: 2020 New Car Registrations 17

Figure 12: Public Fast and Slow Charging Infrastructure 18

Figure 13: Number of Renewable Refineries by Country 21

Figure 14: Renewable Fuel Production Capacity 21

Figure 15: Europe’s renewable fuel consumption, 2020 – 2040 22

Figure 16: EU Renewable Diesel, FAME, and SAF capcity, 2022 – 2040 22

Figure 17: EU CCS Capacity by Country 26

Figure 18: European CCS Capacity, 2020 – 2030 27

Figure 19: Main industries adopting CCS technology in the EU by 2030 27

Figure 20: European and Global Low-Carbon Hydrogen Capacity by Development Stage 32

Figure 21: Major European Countries’ Hydrogen Capacity Targets 33

Figure 22: Major European Countries’ Electrolyser Capacity Targets 33

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