Transparency Market Research includes new market research report "Global Renewable Energy Market" to its huge collection of research reports.
Albany, NY -- (SBWIRE) -- 10/17/2014 -- The global renewable energy market is witnessing a palpable shift from feed-in-tariffs and other financial subsidy models towards technology auctions and capacity expansion. A number of countries have proactively taken a lead in increasing the share of renewable energy to their national energy portfolio. South Africa, for instance, established a Renewable Energy Independent Power Producer Programme (REIPPP), under which is seeks bids from energy players in wind and solar power projects. Auctions in the renewable energy sector have also become increasingly common in countries such as Germany, Russia, France, and India.
Browse the full Global Renewable Energy Market Report with TOC
Yet, it would be incorrect to state that the role of feed-in tariffs is becoming obsolete. On the contrary, FITs are integral to the take off of many renewable energy projects. In 2012, the global investments in renewable energy topped US$240 billion. Capacity expansions in the solar energy sector are being increasingly witnessed, as solar prices have dipped by over 50% over the last decade. In addition, investments in wind power have scaled up too.
Despite these encouraging figures, the energy industry hasn’t entirely stopped pursuing interests in the conventional energy domain. Coal and gas remain a key investment area for many players. Yet, as corporate entities continue to invest heavily in renewable energy projects, the future looks promising for the market. Many corporate giants consider investments in the global renewable energy market as a way to boost their corporate social responsibility credentials and to safeguard their operations against fluctuations in the price of carbon and energy. Countries are supporting such endeavors by issuing ‘green certificates’ or by offering green tariffs.
Emerging trends and opportunities in the global renewable energy market
Renewable energy can be replenished or regenerated – something that is impossible in the conventional energy sector. Thus, the renewable energy market is regarded as being better from the environmental as well as cost standpoint. Thus, coal and petroleum are slowly, but steadily, being replaced by renewable energy forms such as biofeuls, wind energy, solar energy, geothermal energy, tidal energy, and hydro energy. Many of these energy forms are commercially viable, and can be used for powering the energy needs of large industrial facilities or even cities, in some cases.
Because of their increasing use, the costs associated with the generation, storage, and transportation of renewable energy have fallen. Some of the more affordable types of renewable energy sources available today include: solar photovoltaic hydropower, wind, geothermal, and biofuels.
This aspect creates several new opportunities for leading stakeholders in the global renewable energy market. These stakeholders include, but are not limited to: manufacturers of wind turbines, windmills and hydro-turbines; manufacturers of solar photovoltaic cells, makers of energy conversion equipment, energy research labs, automotive manufacturers, investment banks, and others.
Currently, the top 20 users of solar power commercially in the United States alone have reportedly installed over 1.2 million PV panels, which translates into well over 550 acres of rooftops.
Trends in the global renewable energy market
Many leading public entities in the global renewable energy market are expected to take the privatization route. This divestment trend will open up many opportunities for the private sector – especially companies that are already operational in the energy and utility sector. These transactions will likely witness the entry of new names in the global renewable energy market. Geographically, China will be among the most attractive investment destinations in the global market for renewable energy. Other countries that will offer a favorable investment environment for players are France, Germany, U.S., and India. Each of these countries has established national programs for the promotion of renewable energy investments. For example, China encourages companies to pump in more money in its solar energy market through the Golden Sun Program.
The market for renewable energy can be broadly segmented as: wind energy, hydroelectricity, solar power, geothermal energy, and biomass and waste energy.
Read More Reports on Energy and Mining Market: http://www.transparencymarketresearch.com/energy-market-reports-3.html
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