Switzerland Renewable Energy Market Size, Share, and COVID-19 Impact Analysis, By Type (Hydro Power, Bioenergy, Solar Power, Wind Power, and Others), By End User (Residential, Commercial, and Industrial), and Switzerland Renewable Energy Market Insights, Industry Trend, Forecasts to 2033

Switzerland Renewable Energy Market Insights Forecasts to 2033

• The Switzerland Renewable Energy Market Size was estimated at USD 2.07 Billion in 2023.
• The Market Size is Growing at a CAGR of 3.18% from 2023 to 2033
• The Switzerland Renewable Energy Market Size is Expected to Reach USD 2.83 Billion by 2033

The Switzerland Renewable Energy Market Size is Expected to Reach USD 2.83 Billion by 2033, Growing at a CAGR of 3.18% from 2023 to 2033.

Market Overview

The market for renewable energy in Switzerland is an industry devoted to producing energy from sustainable and renewable sources, such as biomass, solar, wind, and hydropower. These energy sources are less harmful to the environment than fossil fuels and are naturally replenished. The reduction of greenhouse gas emissions and the shift to a more environmentally friendly energy system are greatly aided by Switzerland's renewable energy projects. In addition, the installed capacity of renewable sources has increased in the energy generation market in recent years due to mounting environmental concerns and a demand to mitigate the negative effects of greenhouse gases (GHG). The growth of the wind and solar energy industries has been significantly influenced by this. Additionally, the government initiatives aid in the market expansion. For instance, in June 2024, Switzerland passed legislation to accelerate the development of renewable energy with the goal of becoming carbon neutral by 2050. The law facilitates wind turbine planning and encourages the installation of solar panels.

Report Coverage

This research report categorizes the market for the Switzerland renewable energy market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Switzerland renewable 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 Switzerland renewable energy market.

Driving Factors

The country's market for renewable energy is expanding due to the growing need for clean energy in many industries. Additionally, the demand for different renewable energy sources, such as solar and geothermal energy, is anticipated to be driven during the forecast period by increasing industrialization and urbanization. In addition, growing technological advancements are driving reduce the cost of renewable energy, and the growing competitiveness of battery storage systems is helping the market for renewable energy expand. Furthermore, the adoption of renewable energy sources is drawing significant investments due to the growing country's concerns about climate change and ESG issues.

Restraining Factors

Switzerland renewable energy market faces significant constraints due to the industry has suffered greatly as a result of the shortage of qualified workers in this field. In addition, the business is being hampered by weather-related worries as well as the high cost of establishing a renewable energy facility.

Market Segmentation

The Switzerland renewable energy market share is classified into the type and end user.

• The hydro power segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the Switzerland renewable energy market is divided into hydro power, bioenergy, solar power, wind power, and others. Among these, the hydro power segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is growing due to the hydropower, sometimes referred to as hydroelectric power, benefits communities and contributes significantly to mitigating climate change by offering power, storage, and flexibility services.  As renewable energy replaces conventional energy sources, the wind power and bioenergy industries are also anticipated to grow gradually over the projected period.

• The industrial segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the end user, the Switzerland renewable energy market is divided into residential, commercial, and industrial. Among these, the industrial segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The market for PV modules is anticipated to expand throughout the industrial sector due to the rising need for clean electricity, which is also anticipated to boost the number of utility projects.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Switzerland renewable 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

• Entec AG Consulting & Engineering
• Axpo Holding AG
• Landustrie Sneek BV
• Renergon International AG
• Mall GmbH
• PVsyst SA
• Landustrie Sneek BV
• SGS Renewable Energy
• CTU Clean Technology Universe AG
• Others

Key Target Audience

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

Recent Development

• In December 2024, Axpo launched a new hydrogen production plant in line with Switzerland's national hydrogen policy in collaboration with Schätzle, EWA-Energie Uri, and SGV Holding.

Market Segment

This study forecasts revenue at Switzerland, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Switzerland renewable energy market based on the below-mentioned segments:    

Switzerland Renewable Energy Market, By Type 

•     Hydro Power
•     Bioenergy
•     Solar Power
•     Wind Power
•     Others

Switzerland Renewable Energy Market, By End User

•     Residential
•     Commercial
•     Industrial