Advanced Materials and Devices for Renewable Energy

December 11, 2009

Wellesley, Mass. – According to a new technical market research report, ADVANCED MATERIALS AND DEVICES FOR RENEWABLE ENERGY (EGY053B) from BCC Research (www.bccresearch.com), the global market for advanced materials and devices for renewable energy is estimated to be worth $11.6 billion in 2009, but is expected to increase to $16.9 billion in 2014, for a 5-year compound annual growth rate (CAGR) of 7.8%.

The largest segment of the market, solar energy (photovoltaics and thermal), is expected to increase to $13.1 billion in 2014, after rising at a CAGR of 9.5% from the 2009 value of $8.3 billion.

The second-largest segment, wind energy, is estimated to be worth $3.3 billion in 2009, and is projected to increase at a CAGR of 1.7% to reach $3.6 billion in 2014.

The geothermal energy segment is expected to reach $14 million in 2014, after rising at a CAGR of 19.3% from the 2009 value of $5.8 million.

The greatest amount of growth – at a CAGR of 193.6% – in the next five years is expected to occur in the small hydro and ocean energy sector. A value of $1.1 million in 2009 is projected to grow to $240.1 million in 2014.

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This report focuses on the global market 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 solar-photovoltaic, solar-thermal, mini- and micro-hydro, wind, geothermal, and ocean renewable-energy devices and systems.

It is intended especially for developers and vendors of advanced materials and devices that target the renewable-energy systems market.  It should also be useful to vendors of renewable-energy systems interested in understanding where the market is headed with respect to advanced enabling technologies. While the report is oriented to the interests and concerns of a nontechnical audience, it contains a great deal of technical information that should be of interest to scientists and engineers working in the renewable-energy field.

Advanced Materials and Devices for Renewable Energy( EGY053B )
Publish Date: Nov 2009    

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