Advanced Materials and Devices for Renewable Energy: Global Markets
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%.
Report Scope
The report focuses on the global and major regional and national markets for advanced materials (e.g., polymers, elastomers, composites, high-temperature alloys, powder metals, thin films, and others) and devices (sensors and controllers, optics, etc.) used in the fabrication of the following types of renewable-energy systems:
- Solar photovoltaic
- Solar thermal
- Mini- and micro-hydro
- Wind
- Geothermal
- Ocean
The report does not cover biofuels or renewable-energy-storage technologies such as batteries and fuel cells in detail because they are covered in other recent BCC studies.
The report includes the following major elements:
- Executive summary
- Definitions
- Overall trends in renewable-energy systems
- Advanced materials and devices with current or potential applications in renewable-energy systems
- Main suppliers/buyers description
- Commercial/developmental status
- Specific renewable-energy applications
- Properties/advantages and disadvantages/competing materials or devices
- Market size, segmentation and growth trends
- 2010 global sales as well as sales in selected regional and national markets
- Market drivers
- Market projections, 2011-2016
- Industry analysis
- Number and size of firms
- Company profiles
Frequently Asked Questions (FAQs)
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
- The global market for advanced materials and devices for renewable-energy systems was worth an estimated $11,636.8 million in 2009. The market is projected to grow to more than $16,900 million in 2014 at a compound annual growth rate (CAGR) of 7.8% from 2009 to 2014.
- Small hydro and ocean energy sales will experience the highest compound annual growth rate (CAGR) over the forecast period of 193.6%. This sector is worth $1.1 million in 2009 and is expected to reach nearly $240.1 million in 2014.
- The total market for Geothermal energy is projected to grow from $5.8 million in 2009 to $14 million in 2014, a compound annual growth rate (CAGR) of 19.3%. The two fastest-growing segments of the advanced materials and devices market are Solar energy (PV and thermal) and Small hydro and ocean energy.
Report Highlights
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The total global market for advanced materials and devices for renewable energy systems was worth almost $2.4 billion by the end of 2006. Growing at a compound annual growth rate (CAGR) of 25.8%, the market will be worth almost $7.5 billion by 2011.
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Solar photovoltaic devices hold the highest share of the market throughout the forecast period, worth $1.2 billion in 2006-55.1% of the total global market. By the end of 2011 they will be worth more than $4.9 billion, a CAGR of 28.1% and a 56.3% share of the market.
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Ocean energy had the highest growth rate through the forecast period, reaching $360 million in 2011, a CAGR of 66.5%.