According to the new market research report ‘Global Renewable Energy Market Outlook (2008 – 2015), published by MarketsandMarkets, the global renewable energy market is expected to reach a size of $614.92 billion by 2015 at a CAGR of 7.5% from 2010-2015.
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Renewable energy sources are rapidly replaced by natural processes and are replenished faster when compared to fossil fuels such as coal and petroleum. The sources of renewable energy are solar, hydro, wind, geothermal and biofuel. The M&M research is focused on the segments that are commercially viable and used globally. The segments covered in the report are solar photovoltaic (solar PV), wind, hydropower (dams), biofuels and geothermal.
This report covers installed capacities and market forecast of the aforesaid sources of energy. The report also provides forecast for the revenues derived from the prime applications of these energies like electricity generation and transport fuel. The report also analyzes the key market players in this market and sketches a competitive landscape of the industry.
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