The Europe Renewable Energy Market is expected to witness considerable growth owing to climate change and the volatile nature of fossil fuels. In addition, increase in investments in developing countries by the key players to strengthen their presence in the market is also fueling the renewable energy market. Furthermore, there is significant increase in R&D activities in the renewable energy industry. The aim is to improve system solutions and increase efficiency along with less production and operation costs. The cost-effective and efficient nature of renewable energy technologies boosts the market during the forecast period.