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Energy And Resources

Advanced Materials and Devices for Renewable Energy: Global Markets--Focus on Asia-Pacific

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REPORT HIGHLIGHTS

  • The global market for advanced materials and devices used in renewable energy systems was $18.2 billion in 2010; it is projected to approach $22.3 billion in 2011 and it will further grow to $31.8 billion in 2016 increasing at a compound annual growth rate (CAGR) of 7.4%
  • The Asia-Pacific nations consumed $8.3 billion worth of advanced materials and devices to produce renewable energy systems in 2010.  Consumption is expected to increase to $11.9 billion in 2011 and $12.1 billion in 2016, a CAGR of 0.3% between 2011 and 2016.
  • China accounted for over half (56%) of the Asia-Pacific market in 2010, a percentage that is expected to drop to 47% by 2016.  It is expected to approach $5.4 billion in 2011 and $5.7 billion by 2016 increasing at a CAGR of 1% between 2011 and 2016.

SUMMARY FIGURE
RENEWABLE ENERGY CONSUMPTION OF ADVANCED MATERIALS AND DEVICES BY TYPE, 2010-2016
(%)
Source: BCC Research