Albany, NY -- (ReleaseWire) -- 07/03/2014 -- Intensive industrialization has produced all sorts of technology that has impacted human life. However, the environmental situation is becoming more and more carbon dense and intensive. Such situations are spurring the need of cleaner energy sources that will have less negative impact on environment in terms of emissions. Burning coal and oil are contributing a significant share to global warming. In future, it is expected that the energy will be source from old as well as new clean sources.
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There are various types of clean energy sources present in current market. Bio-fuels, wind power and solar power are some of the major energy sources in clean energy market. These energy sources are capturing market with tremendously growing demand from the power generation, industrial, transportation and commercial sectors. North America and Europe are leading in demand for clean energy. However, Asia Pacific and RoW are expected to become fastest growing markets.
Agencies such as environmental protection agency (EPA) and international marine organization (IMO) are imposing strict regulations to reduce carbon emission from various sources. Similarly, clean energy sources such as solar photovoltaic produce energy with no processing cost. Such factors are expected to drive the market for clean energy. However, present high cost of clean energy sources such as wind and hydropower may impact market in some regions. Clean energy market is expected to come up with new energy sources with research and development in technologies.
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GE Energy, Siemens Wind Power, Suzlon Group, First Solar Inc., Suntech Power Co., Ltd., Pure Earth Energy Resources, LLC., Amereco Biofuels Corp. and Diversified Energy Corporation are some of the companies that operates in this market.
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