France Wind Energy Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 7.41% from 2023 to 2033
• The France Wind Energy Market Size is expected to hold a significant share by 2033

France Wind Energy Market is anticipated to hold a significant share by 2033, growing at a CAGR of 7.41% from 2023 to 2033.

Market Overview

The harnessing of wind power to generate electricity is known as wind energy. Harnessing the natural power of wind to produce electricity, it is a renewable energy source. France, due to its extensive coastline and ideal wind conditions, has become a significant player in the worldwide wind energy market. The nation has been actively funding wind power projects in order to decrease its reliance on conventional fossil fuels and meet its targets for renewable energy. In France, the wind energy market includes both onshore and offshore wind power projects. Onshore wind farms are the most common type, with many installations throughout the country, especially in areas with good wind conditions. Nevertheless, offshore wind power is increasing in popularity, taking advantage of the nation's long coastline and the positive prospects for offshore wind resources. The wind energy sector in France has experienced notable expansion in the past few years, propelled by the nation's dedication to cutting its carbon emissions and shifting towards a greener energy landscape. In line with the European Union's bold climate and energy goals, France has established ambitious targets to boost the proportion of renewable energy sources, with a significant emphasis on utilizing wind power to meet these aims.

Report Coverage

This research report categorizes the market for the France wind energy market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France wind energy market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France wind energy market.

Driving Factors

Strong government support and favourable regulatory policies in France have fueled the expansion of the wind energy market. The France government has shown dedication to renewable energy by setting ambitious goals to lower carbon emissions and boost the proportion of renewable energy in the total energy blend. The government's emphasis on renewable energy is demonstrated through measures like feed-in tariffs, tax breaks, and long-term power contracts, which encourage investment in wind energy. This dedication is in line with global agreements like the Paris Agreement to address climate change and support sustainable growth. France's commitment to moving towards a low-carbon economy has created a strong base for the expansion and advancement of the wind energy sector.

Restraining Factors

In spite of the market's significant growth, the implementation of the technology frequently faces delays or halts. Administrative and legislative barriers are typically considered the most significant obstacles in France. OPTRES stated that the lack of clarity and consistency in RES-E policies, along with the involvement of numerous authorities in permitting, contributes to this issue.

Market Segmentation

The France wind energy market share is classified into installation type and application.

• The offshore wind segment is expected to hold the largest market share through the forecast period.   

The France wind energy market is segmented by installation type into onshore wind and offshore wind. Among them, the offshore wind segment is expected to hold the largest market share through the forecast period. Offshore wind turbines harness the abundant wind resources found in coastal and offshore locations, enabling the development of larger projects with increased energy production capabilities. Although offshore wind projects have higher initial costs and technical challenges than onshore projects, they provide benefits like access to stronger and more reliable wind resources, decreased land-use conflicts, and the ability to install bigger turbines with greater capacity factors.

• The industrial segment is expected to hold the largest market share through the forecast period.

The France wind energy market is segmented by application into residential, commercial, and industrial. Among them, the industrial segment is expected to hold the largest market share through the forecast period. Industrial wind power is frequently used in large wind farms with numerous turbines connected to the national grid. Extensive utility-scale wind turbine projects need numerous land, infrastructure, and other approvals, as well as effective communication and coordination with different stakeholders. Anticipated to boost the growth of the industrial sector is the elimination of barriers to utility-scale project installation.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France wind energy market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Engie SA
• EDF Renewables
• Albioma SA
• TotalEnergies SE
• Voltalia SA
• Neoen SA
• EOLFI SA
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2023, in its most recent tender for onshore wind power capacity, the France government has granted projects totaling more than 1.1 GW to support the country's renewable energy goals for 2030. The Ministry of Ecological Transition reported that the competition resulted in 73 winning proposals chosen at an average cost of USD 92.88 per MWh.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the France Wind Energy Market based on the below-mentioned segments:

France Wind Energy Market, By Installation Type

• Onshore Wind
• Offshore Wind

France Wind Energy Market, By Application

• Residential
• Commercial
• Industrial