Tuesday, March 8, 2011

Global renewable energy market to be $614.92 billion by 2015

USA: ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Global Renewable Energy Market Outlook 2010-2015".

Renewable energy is sources of energy which are rapidly replaced by natural processes or which replenish faster when compared to fossil fuels such as coal and petroleum. The sources of renewable energy are solar, hydro, wind, geothermal and biofuel. Renewable sources of energy are becoming the need of the hour with the increase in energy consumption and depletion of fossil fuels.

All the forms of renewable energy are technically feasible, however, this research is focused towards the segments which are commercially viable and used globally. The segments covered in the report are solar photovoltaic (solar PV), wind, hydropower (dam built), biofuels and geothermal.

The report covers the installed capacities and forecasts of the aforesaid sources of energy. The report also provides forecast for the revenues derived from the prime applications of these energies in electricity generation and as a transport fuel. The report also focuses on the competitive landscaping of the top players in the industry and by focusing on their recent developments by profiling them.

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