Renewable Energy in Belgium

May 2026 | 42 pages | ID: BA32BEFEB3AAEN
MarketLine

Abstracts

Summary

Renewable Energy in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The renewable energy market includes the net generation of electricity through renewable sources. The market is segmented into hydroelectricity, wind, solar PV, biopower, and geothermal. Market volume represents the net volume of electricity produced through renewable means. Market value is calculated by multiplying the amount of electricity produced by the wholesale price.
• The Belgian renewable energy market recorded a revenue of $2,137.4 million in 2025, representing a compound annual growth rate (CAGR) of 2.7% between 2020 and 2025.
• Market production volume increased with a CAGR of 1.7% between 2020 and 2025, reaching a total of 26,727.8 GWh in 2025.
• In 2025, the Belgian renewable energy market grew by 2.2% significantly due to its climate and pollution goals, which have supported the market's expansion by driving a structural shift away from fossil fuel dependence.

Scope

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the renewable energy market in Belgium
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Belgium
• Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Belgium renewable energy market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the Belgium renewable energy market by value in 2025?
• What will be the size of the Belgium renewable energy market in 2030?
• What factors are affecting the strength of competition in the Belgium renewable energy market?
• How has the market performed over the last five years?
• How large is Belgium’s renewable energy market in relation to its regional counterparts?

Contents

1 EXECUTIVE SUMMARY

1.1. Market Value
1.2. Market Value Forecast
1.3. Market Volume
1.4. Market Volume Forecast
1.5. Category Segmentation
1.6. Geography Segmentation
1.7. Market Rivalry
1.8. Competitive Landscape

2 MARKET OVERVIEW

2.1. Market Definition
2.2. Market Analysis
2.3. Market Trends
2.4. Regulatory Landscape

3 MARKET DATA

3.1. Market Value
3.2. Market Volume

4 MARKET SEGMENTATION

4.1. Category Segmentation
4.2. Geography Segmentation

5 MARKET OUTLOOK

5.1. Market Value Forecast
5.2. Market Volume Forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer Power
6.3. Supplier Power
6.4. New Entrants
6.5. Threat Of Substitutes
6.6. Degree Of Rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?

8 COMPANY PROFILES

8.1. Luminus SA
8.2. Electrabel SA
8.3. Parkwind NV

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry Associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: Belgium renewable energy market value: $ million, 2020-25
Table 2: Belgium renewable energy market volume: GWh, 2020-25
Table 3: Belgium renewable energy market category segmentation: % share, by value, 2020-25
Table 4: Belgium renewable energy market category segmentation: $ million, 2020-25
Table 5: Belgium renewable energy market geography segmentation: $ million, 2025
Table 6: Belgium renewable energy market value forecast: $ million, 2025-30
Table 7: Belgium renewable energy market volume forecast: GWh, 2025-30
Table 8: Luminus SA: Key Facts
Table 9: Luminus SA: Key Employees
Table 10: Electrabel SA: Key Facts
Table 11: Electrabel SA: Key Employees
Table 12: Parkwind NV: Key Facts
Table 13: Belgium Size of Population (Million), 2021-25
Table 14: Belgium Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 15: Belgium GDP (Current Prices, $ Billion), 2021-25
Table 16: Belgium Inflation, 2021-25
Table 17: Belgium Consumer Price Index (Absolute), 2021-25
Table 18: Belgium Exchange Rate, 2020-25

List Of Figures

LIST OF FIGURES

Figure 1: Belgium renewable energy market value: $ million, 2020-25
Figure 2: Belgium renewable energy market volume: GWh, 2020-25
Figure 3: Belgium renewable energy market category segmentation: $ million, 2020-25
Figure 4: Belgium renewable energy market geography segmentation: % share, by value, 2025
Figure 5: Belgium renewable energy market value forecast: $ million, 2025-30
Figure 6: Belgium renewable energy market volume forecast: GWh, 2025-30
Figure 7: Forces driving competition in the renewable energy market in Belgium, 2025
Figure 8: Drivers of buyer power in the renewable energy market in Belgium, 2025
Figure 9: Drivers of supplier power in the renewable energy market in Belgium, 2025
Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in Belgium, 2025
Figure 11: Factors influencing the threat of substitutes in the renewable energy market in Belgium, 2025
Figure 12: Drivers of degree of rivalry in the renewable energy market in Belgium, 2025