Boston, MA -- (SBWIRE) -- 01/23/2015 -- Renewable energy is defined as a source of power generation, which comes from naturally replenished resources such as hydro, wind, solar, biomass and geothermal. Renewable energy is used as an alternative source of power generation, hot water or space heating, in motor fuels as solar cells and for off-grid power generation. Since renewable energy resources are free and abundantly available in nature, the cost of power generation is less. Moreover, renewable energy mitigates carbon emission, reduces dependency on traditional hydrocarbon oil sources, and increases energy security. The importance of renewable energy sources is growing because of increased environmental concerns and rising prices of fossil fuels.

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TechNavio's analysts forecast the Renewable Energy market in MEA to grow at a CAGR of 11.01 percent over the period 2014-2019.

Covered in this Report

The report covers the present scenario and the growth prospects of the Renewable Energy market in MEA for the period 2015-2019. The report includes the segmentation of the market on the basis of technologies.

TechNavio's report, the Renewable Energy Market in MEA 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Renewable Energy market in MEA landscape and its growth prospects in the coming years. It also provides information about the key vendors operating in this market.

Key Vendors

- First Solar
- Suntech Power Holdings
- Trina Solar
- Vestas
- Yingli Green Energy Holding

Other Prominent Vendors

- Enercon
- GE Energy
- Goldwind
- Thermax
- E-On
- Sterling & Wilson

Key Market Driver

- Growing Investment
- For a full, detailed list, view our report

Key Market Challenge

- Intermittent Nature of Renewable Energy Sources
- For a full, detailed list, view our report

Key Market Trend

- Technological Advances
- For a full, detailed list, view our report

Key Questions Answered in this Report

- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: First Solar, Suntech Power Holdings, Trina Solar, Vestas, Yingli Green Energy Holding, Enercon, GE Energy, Goldwind, Thermax, E-On, Sterling & Wilson

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