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Global Green Energy Market Is Expected to Reach USD 831.99 Billion in 2019

ResearchMoz include new market research report"Green Energy (Solar PV, Wind energy, Hydroelectric power, Bio-fuels, Geothermal energy) Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its huge collection of research reports.

 

Albany, NY -- (ReleaseWire) -- 04/28/2014 -- "Green Energy (Solar PV, Wind energy, Hydroelectric power, Bio-fuels, Geothermal energy) Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global green energy market is projected to have a market size of USD 831.99 billion by 2019. This growth is estimated to come at a CAGR of 8.3% from 2013 to 2019. Factors driving the growth in demand for green energy include renewable portfolio standards and regulations, environmental concerns, rising energy demand, fuel shortage/replacement, coal plant retirements and need for natural gas hedge. Further, rise in awareness among masses in general toward the benefits of green energy is also aiding the growth of this market.

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In terms of revenue, North America was the largest region in 2012 and held a market share of 32.2% of the total green energy market. Asia Pacific market for green energy is estimated to grow at a CAGR of 10.3% over the period 2013 to 2019, driven by rising energy demand and increased renewable investments.

Among all green energy types, solar photovoltaic is estimated to be the fastest growing segment with a CAGR of 14.6% during the period 2013 to 2019. This growth is mainly spurred by fall in prices which has increased consumer interest in solar energy. Hydropower was the largest green energy segment in 2012, owing to a significantly large pre-installed base. Among the end-use types, commercial sector was the largest segment in 2012, followed by industrial sector. However, with an estimated CAGR of 9.4%, residential segment is forecasted to register a faster growth during the period 2013 to 2019. Further, the market for solar photovoltaic (PV) inverters was valued at USD 7.15 billion in 2012. The shipments of solar PV inverters are rising; however, owing to significant decline in average selling prices, the market is estimated to decline in terms of revenue in 2013. Nonetheless, for the year 2014 and beyond the revenues for solar PV inverters would continue to rise as the selling price is expected to stabilize.

In 2012, First Solar Inc was the market leader for solar photovoltaic which held 6.9% market share of the total solar photovoltaic market while GE Energy led the market for wind energy. The other major players in green energy market include ABB Ltd., Alterra Power Corporation, Kyocera Solar Inc, Nordex SE, Hanwha Q Cells GmbH, Calpine Corporation, Suzlon Energy Ltd., U.S. Geothermal Inc, Yingli Green Energy Holding Co. Ltd., Enercon GmbH, GE Energy, JA Solar Holdings Co. Ltd., Suntech Power Holdings Co. Ltd., and Enphase Energy Inc, among others.

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The global green energy market is segmented as below:

Green Energy Market

By Type

Solar photovoltaic (PV)
Solar PV inverters
Micro-inverter
String inverter
Central inverter
Wind energy
Hydroelectric power
Bio-fuels
Geothermal energy

By End-user

Residential
Commercial
Industrial

By Geography

North America
Europe
Asia Pacific
Rest of the World (RoW)

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Concentrated Photovoltaics (CPV), Update 2014 Global Market Size, Competitive Landscape and Key Country Analysis to 2020" provides detailed information on the current Concentrated Photovoltaics (CPV) market, focusing on key countries as well as the global scenario. The report provides in-depth analysis of the global CPV market, as well as the markets in the US, Spain, China, Australia, Italy, France, Portugal and Taiwan. It covers CPV installations, market value, and investment analysis between 2006 and 2020. It also examines the market shares of leading players in the global CPV market in 2013, and the supporting measures for solar power in each country. The report also analyses the key drivers and restraints impacting the global CPV market. Additionally, the report provides a competitive mapping of the major players in the global CPV market.

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Stationary Fuel Cells: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020

Stationary fuel cell markets need government sponsorship. As government funding shifts from huge military obligations, sustainable energy policy becomes a compelling investment model for government.

Stationary fuel cell markets at $1.2 billion in 2013 are projected to increase to $14.3 billion in 2020. Growth is anticipated to be based on demand for distributed power generation that uses natural gas. Systems provide clean energy that is good for the environment. Growth is based on global demand and will shift from simple growth to rapid growth measured as a penetration analysis as markets move beyond the early adopter stage. The big box retailers including many, led by Walmart, the data centers, and companies like Verizon are early adopters.

Eventually hydrogen will be used as fuel in the same stationary fuel cell devices. The hydrogen is manufactured from solar farms. Stationary fuel cells have become more feasible as the industry is able to move beyond platinum catalysts.

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