The total green energy market in terms of revenue was USD 470.10 billion in 2012. According to estimates, the market would grow at a CAGR of 8.3% over the period from 2013 to 2019. In 2012, North America was the leading market for wind, hydro and geothermal energies. As per estimates, green energy market in Asia Pacific would grow at a growth rate higher than the global average. Energy demand is rising rapidly in Asia Pacific region driven by increased spending power and technological improvements.
Albany, NY -- (SBWIRE) -- 10/12/2015 -- There has been an increased emphasis on the need for green, renewable and sustainable energy sources globally. There is a clear relationship between economic growth and electricity demand and the emerging economies are anticipated to become the major consumers of electricity as their economy advances. High dependency on conventional energy sources to fulfill this growth in demand of electricity would prove unsustainable. This has created the need to diversify energy portfolio mix. Further, growing concern to protect the environment from pollutants such as greenhouse gases and issues related to energy security is leading to growth in demand for green energy sources. Various factors driving the growth of green energy include environment concerns, government regulations and initiatives, coal plant retirements, need for natural gas hedging, rising demand for energy and fuel shortage/replacement. Market drivers vary across geographies. For instance, climate changes, environment and energy security are key factors for growth of green energy in Europe. In Japan and the U.S., energy security is the major factor driving demand for renewable energy. Economic development and higher demand for energy access are the major forces driving the market in developing economies. In the recent years, annual investments in green energy have been significantly high, indicating the momentum gained by the market. Further, a shift towards greener energy resources in the energy sector would lead to demand for newer technologies, processes and services. This represents an attractive opportunity for industry participants. Over the coming years, ambitious energy policies combined with much lower technology costs would continue to drive the growth of green energy market.
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The research study titled "Green Energy Market - Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast, 2013 – 2019" focuses on green and renewable energy resources. It offers market data and insights including the size and growth of different green energy types. The report provides a thorough analysis of the prevailing market state and emerging industry trends. It offers a comprehensive coverage of the underlying technological, environmental, economic and social issues affecting the green energy business. The study includes market data and forecasts based on in-depth analysis of the global green energy market. The report aims to identify various factors that drive and restrain growth of the green energy market. Prevalent competition in the market is identified through market share analysis of key players in the market. Furthermore, Porter's five forces analysis and value chain analysis that is included in the report aim to provide competitive intelligence across the supply chain.
The global market has been further segmented based on energy types, end-users and major geographies. Market forecast has been provided for each segment. Analysis of these segments provides tactical insights for each category and offers considerable business intelligence to stakeholders throughout the value chain. Green energy resource types included in this study are solar photovoltaic, hydropower, bio-fuels, wind energy and geothermal energy. The report also offers a thorough insight on the solar photovoltaic inverters market including the market size and forecast for micro-inverters, string inverters and central inverters. The report provides a comprehensive understanding of various end-use sectors including residential, commercial and industrial.
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The report includes market trends and data for the green energy market across regions including North America, Europe, Asia Pacific and Rest of the World (RoW). Key players in the market have been competitively profiled including their market positioning and business strategies. Companies profiled 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, First Solar Inc., JA Solar Holdings Co. Ltd., Suntech Power Holdings Co. Ltd., Enphase Energy Inc., and Archer Daniels Midland Company.
The global green energy market is segmented as below:
Green Energy Market Segmentation
By Energy Type
Solar photovoltaic (PV)
Solar PV inverters
Rest of the World (RoW)
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