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.
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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.
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)
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