Energy & Environment Industry Today
Global Green Energy Market to be Driven by Rising Adoption of Solar PV Power Generation: Market to Develop at 8.3% CAGR.
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.
Published 07 October 2015
The market research firm Transparency market Research states in its report on the global market for green energy that the market is driven mainly by the globally increasing demand for sustainable and renewable green energy.
The report states that the market will grow from a valuation of US$470.10 billion in 2012 to US$831.99 billion by 2019, developing at a positive 8.3% CAGR over the period.The report is titled “Global Green Energy Market - Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019”.The report segments the global green energy market based on the criteria: energy type, end-user, and geography. The report provides key statistics in terms of market size and forecast over the period 2013-19 of these segments and their sub-segments.
Based on the various types of green energies harnessed in the market, the report segments the market into bio-fuels, wind energy, solar photovoltaic (PV), geothermal energy, and hydroelectric power. The segment of solar photovoltaic is further segmented into solar PV inverters, which is again classified according to the types into string inverters, micro-inverters, and central inverters.Based on end users, the global green energy market is segmented into industrial, residential, and commercial. Based on regional distribution, the market is segmented into North America, Asia Pacific, Europe, and the Rest of the World (ROW).
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The end user segment of commercial sector led the global green energy market in 2013, followed by the industrial segment. However, the report states that the market segment of residential sector, expanding at a 9.4% CAGR over the report’s forecast period, will be the fastest growing segment of the global green energy market.Regionally, the market segment of North America held the largest revenue share in 2012, accounting for almost 32% of the global green energy market. Rising investments in the field of renewable energy sources and mounting energy demands will, however, drive the Asia Pacific market at the fastest pace of 10.3% CAGR over the report’s forecast period.
Based on the type of energy harnessed in the market, the segment of hydropower has remained the largest segment for the past many years, chiefly owing to a huge pre-installed base. However, the market segment of solar PV is expected to grow at the fastest pace over the report’s forecast period owing to rising consumer interest and demand. This market segment, which had a net valuation of US$7.15 billion in 2012, is expected to develop at a 14.6% CAGR over 2013-19.
The report states that the global green energy market had a highly fragmented competitive landscape in 2012. The competitive landscape features a vast number of regional and international players. The high degree of competition is also fuelled by the increasing number of R&D activities taking place in the market and the launch of several innovative technologies and product types.The report profiles some of the key businesses operating in the global energy market, including Alterra Power Corporation, First Solar Inc, Nordex SE, ABB Ltd., Kyocera Solar Inc, Calpine Corporation, Hanwha Q Cells GmbH, U.S. Geothermal Inc, Suzlon Energy Ltd., Yingli Green Energy Holding Co. Ltd., JA Solar Holdings Co. Ltd., Enercon GmbH, Suntech Power Holdings Co. Ltd., GE Energy, Archer Daniels Midland Company, and Enphase Energy Inc.
Browse the full Global Green Energy Market (Solar PV, Wind energy, Hydroelectric power, Bio-fuels, Geothermal energy) - Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at : http://www.transparencymarketresearch.com/green-energy-market.html
Key Segments of Global Green Energy Market
By Energy Type
- Solar photovoltaic (PV)
- Solar PV inverters
- Micro-inverters
- String inverters
- Central inverters
- Solar PV inverters
- 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)
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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