Renewable Energy: Technologies and Global Markets
In terms of revenue, the global renewable energy market (excluding biofuels) reached $432.7 billion in 2013 and $476.3 billion in 2014. This market is expected to increase to $777.6 billion in 2019, with a compound annual growth rate (CAGR) of 10.3% from 2014 to 2019.
- An overview of the global market for renewable energy and related applications and technologies.
- Analyses of global market trends, with data from 2013 and 2014, and projections of CAGRs through 2019.
- Coverage of the major sources of renewable energy as primary fuels including: hydroelectric, wind, solar, liquid biofuels for transportation, geothermal, and oceanic sources (wave, tidal and thermal).
- Examination of the impact on the renewable energy market brought about by the surging global demand for energy, the impact of climate change on alternative fuels, improvements in technology, and the availability of new materials.
- Information on how each source of renewable energy may employ differing technologies, have differing constraints, and offer different possibilities to different classes of users.
- Comprehensive profiles of major players in the field.
The scope of this report is intentionally wide. We cover the major sources of renewable energy as primary fuels—hydroelectric, wind, solar, geothermal and oceanic sources (wave, tidal and thermal) and liquid biofuels for transportation. There is no shortage in the marketplace of reports on each of these sources. However, what existing reports lack and what this report is intended to provide is a global perspective that places each source in a relevant context for decision makers in both the public and private sectors.
Maya Agnani has been a market research analyst for many years and published numerous reports on technology products and market issues. She has broad experience with energy and consumer-centric issues.
BCC Research projects continued capacity growth of renewable energy. The global renewable energy market is valued at $224 billion in 2010 and is expected to reach $331 billion by 2015, a compound annual growth rate (CAGR) of 8.1%.
Hydroelectric power contributes a significant percentage of global electricity. This sector is worth an estimated $62 billion in 2010 and is projected to reach nearly $74 billion in 2015, a compound annual growth rate (CAGR) of 3.5%.
Solar energy will experience the most dramatic growth over the forecast period. This sector is valued at $44 billion in 2010 and should reach $97 billion by 2015, a compound annual growth rate (CAGR) of 17%.
The value of renewable energy projects worldwide was close to $22.3 billion in 2003 and is expected to rise at an average annual growth rate (AAGR) of 13.2% through 2008, to more than $41.4 billion.
in excess of 1.2 MW each and minimum wind farm capacities are 20 MW.
2008, an 8.9% AAGR, with revenues climbing to $10.6 billion.
increase to $6.0 billion in 2008.