The
global green energy market is projected to have a market size of USD
831.99 billion by 2019. This growth is estimated to grow at a CAGR of
8.3% from 2013 to 2019.
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Global Green Energy Market Report with Full TOC at
http://www.transparencymarketresearch.com/green-energy-market.html
The
demand and emphasis on the sustainable, green, and renewable energy
sources is exalted due to the depleting energy resources and ever
rising energy demands across the world. Green energy is clean energy
which is produced by renewable energy sources. This type of energy
does not cause any environmental hazards and can be maintained in
variable safe conditions. There are many encouraging government
regulations which comply with the shift towards the use of renewable
and natural energy resources for fulfilling the basic energy demands.
The
major factors driving the growth in demand for global green energy
market include environmental concerns, rising energy demand, fuel
shortage/replacement, renewable portfolio standards and regulations,
coal plant retirements, and need for natural gas hedge. Increasing
awareness regarding green energy among the world population is
majorly tending toward the benefits of green energy and the growth of
this market.
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This
research report provides details of the market dynamics and the need
for energy related environmental and security concerns. It discusses
the limiting factors faced due to higher installation costs and the
purpose of transforming the market potential to businesses. It offers
market insights and data pertaining to the size and growth of various
green energy types, along with complete analysis of existing, as well
as emerging industry trends. The study report also offers a
comprehensive coverage of varied facets such as the economic,
environmental, and social issues affecting the green energy business.
The
resource types included in this study report are solar photovoltaic,
bio-fuels, wind energy, hydropower, and geothermal energy. However,
among all the
energy
kinds, solar photovoltaic is predicted to be the fastest growing
sector because of the fall in prices that has captured consumer
interest in the solar energy segment. This segment is growing with a
CAGR of 14.6% during the period 2013 to 2019. Solar photovoltaic (PV)
inverters market was valued at USD 7.15 billion in 2012. Owing to the
decline in average selling prices, the freights of solar PV inverters
are rising across the world. The market predicted a decline in terms
of revenue in 2013, but is expected to increase for the year 2014.
The year 2012 also witnessed hydropower as the largest green energy
segment, due to a significantly large pre-installed base.
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Press Release Global Green Energy Market
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Commercial
sector was the largest in 2012, followed by industrial sector.
Nevertheless, with an estimated CAGR of 9.4%, the residential segment
is augmented to boost the growth in the global market during the
period 2013 to 2019.
Geographically,
in terms of revenue, North America was the largest region in the
global green energy market in 2012. It held a total market share of
32.2% globally. Subsequently, the Asia Pacific market is driven by
increased renewable investments and rising energy demands. The size
for green energy in Asia-Pacific is estimated to grow at a CAGR of
10.3% over the period 2013 to 2019. Besides the report discussing the
green energy market across regions including North America, Europe,
Asia Pacific and Rest of the World (RoW), it also mentions some of
the key players that have been profiled in this market. They include,
GE Energy, First Solar Inc, ABB Ltd., Alterra Power Corporation,
Yingli Green Energy Holding Co. Ltd., Enercon GmbH, Suzlon Energy
Ltd., and many more.
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