Global Green Energy Market (Solar PV, Wind energy, Hydroelectric power, Bio-fuels, Geothermal energy) to Reach USD 831.99 Billion in 2019: Transparency Market Research

News provided by

http://www.transparencymarketresearch.com/

22 Apr, 2014, 10:30 GMT

ALBANY, New York, April 22, 2014 /PRNewswire/ --


According to a new market report published by Transparency Market Research "Green Energy (Solar PV, Wind energy, Hydroelectric power, Bio-fuels, Geothermal energy) Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019," 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. Factors driving the growth in demand for green energy include renewable portfolio standards and regulations, environmental concerns, rising energy demand, fuel shortage/replacement, coal plant retirements and need for natural gas hedge. Further, rise in awareness among masses in general toward the benefits of green energy is also aiding the growth of this market.

Browse Global Green Energy Market Report with Full TOC at http://www.transparencymarketresearch.com/green-energy-market.html

In terms of revenue, North America was the largest region in 2012 and held a market share of 32.2% of the total green energy market. Asia Pacific market for green energy is estimated to grow at a CAGR of 10.3% over the period 2013 to 2019, driven by rising energy demand and increased renewable investments.

Among all green energy types, solar photovoltaic is estimated to be the fastest growing segment with a CAGR of 14.6% during the period 2013 to 2019. This growth is mainly spurred by fall in prices which has increased consumer interest in solar energy. Hydropower was the largest green energy segment in 2012, owing to a significantly large pre-installed base. Among the end-use types, commercial sector was the largest segment in 2012, followed by industrial sector. However, with an estimated CAGR of 9.4%, residential segment is forecasted to register a faster growth during the period 2013 to 2019. Further, the market for solar photovoltaic (PV) inverters was valued at USD 7.15 billion in 2012. The shipments of solar PV inverters are rising; however, owing to significant decline in average selling prices, the market is estimated to decline in terms of revenue in 2013. Nonetheless, for the year 2014 and beyond the revenues for solar PV inverters would continue to rise as the selling price is expected to stabilize.

Related & Recently Published Reports by Transparency Market Research 

In 2012, First Solar Inc was the market leader for solar photovoltaic which held 6.9% market share of the total solar photovoltaic market while GE Energy led the market for wind energy. The other major players in green energy market 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, JA Solar Holdings Co. Ltd., Suntech Power Holdings Co. Ltd., and Enphase Energy Inc, among others.

Browse Global Green Energy Market Report with Full TOC at http://www.transparencymarketresearch.com/green-energy-market.html

The global green energy market is segmented as below:

Green Energy Market 

By Type

  • Solar photovoltaic (PV)
    • Solar PV inverters
      • Micro-inverter
      • String inverter
      • Central inverter
  • 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)

Browse Technology & Media Market Research Reports @ http://www.transparencymarketresearch.com/technology-market-reports-8.html

About Us 

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact 

Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Web: http://www.transparencymarketresearch.com/

Blog: http://www.tmrblog.com/

Browse Market Research News: http://www.transparencymarketresearch.com/press-releases.htm

Browse Market Research Articles: http://www.transparencymarketresearch.com/articles.htm