MarketsandMarkets: Global Renewable Energy Market Worth $614.92 Billion by 2015

Oct 19, 2010, 08:28 ET from MarketsandMarkets

DALLAS, October 19, 2010 /PRNewswire/ -- 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.

    The intended audience of this report includes:

    - Solar cell manufacturers
    - Hydro-turbines and wind-turbines manufacturers
    - Energy conversion equipment manufacturers for tidal and
      geothermal energy
    - Research Labs
    - Investment banks
    - Consumer electronics manufacturers
    - Automotive manufacturers
    - Biofuel Manufacturers
    - Government associations

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MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

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