Global Renewable Energy Market Analysis & Forecast, 2019-2023 with Profiles on Key Players Alstom Power, Bharat Heavy Electricals, General Electric, Hitachi, Toshiba, and More
An overview of the global market for renewable energy and related applications and technologies
Analyses of global market trends, with data from 2017 to 2018, and projections of CAGRs through 2023
Coverage of the major sources of renewable energy as primary fuels, including hydroelectric, wind, solar, liquid biofuels for transportation, geothermal, and oceanic sources (wave, tidal and thermal)
Examination of the impact on the renewable energy market brought about by the surging global demand for energy, the impact of climate change on alternative fuels, improvements in technology, and the availability of new materials
Information on how each source of renewable energy may employ differing technologies, have differing constraints and offer different possibilities to different classes of users
Comprehensive profiles of major players in the field, including Alstom Power, Bharat Heavy Electricals Ltd., General Electric, Hitachi and Toshiba
Renewable energy sources have had a strong decade of growth. In 2009, they contributed about 10% of global primary fuel supplies. However, the market environment for renewable energy is likely to be more challenging in the years ahead.
As the prices for some renewable energy sources become more competitive, suppliers will be forced to compete. As the price of natural gas declines, the wind power industry, in particular, will be challenged to find ways to lower prices, even as future projects focus on more expensive offshore installations.
Solar power, with its much larger customer and manufacturing base, will be able to respond more quickly, although declining prices and margins will be difficult for suppliers just as the declining business volume will be for the wind power industry. The workhorse of renewable energy - hydro-power - will continue to grow mainly due to contracts signed and financing secured before the recent recession.
China's 13th Five-Year Plan aims to reduce emissions of harmful gases into the atmosphere by producing electricity using renewable resources. The country is expected to remain a key driving factor for the Asia-Pacific market over the forecast period. Additionally, increasing governmental interventions to promote electricity generation using renewable resources in India are expected to contribute to the growth of the regional market over the forecast period.
Regional demand for renewable electricity in Europe is expected to increase mainly due to government policies, particularly in Germany, France, and the U.K.
Efforts to reduce or minimize reliance on conventional energy resources such as oil, natural gas and coal due to growing environmental hazards caused during their use for power generation are expected to remain a key driving factor for the global market. In addition, governmental support in the form of tax benefits and financial incentives in nations such as the U.S., Germany, Iceland, France, the U.K., China, and India is expected to drive production of renewable energy. However, the high costs associated with renewable energy production are expected to hinder market growth over the forecast period.
Hydroelectric has emerged as the leading renewable energy technology, followed by wind power. However, hydroelectric is one of the slowest-growing renewable resources as the industry has shifted its focus toward developing other high-growth technologies such as solar, wind, and ocean. Solar power, including solar photovoltaic (PV) and concentrated solar power (CSP), is expected to be one of the fastest-growing renewable technologies.
Key Topics Covered
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Intended Audience
Methodology and Information Sources
Geographic Breakdown
Recent Developments
Chapter 2 Summary and Highlights
Chapter 3 Global Renewable Energy Market Overview
Overview
Renewable Energy Market Analysis
Renewable Energy Market Determinants
Growth of Carbon Dioxide Emission Levels
Institutions and Programs of Importance for the Renewable Energy Sector
Green-e Marketplace
LEED Certification Program
EPA's Green Power Partnership
EPA's Center for Corporate Climate Leadership
The Paris Agreement
Renewable Energy Market Segmentation
History of the Renewable Energy Market
Renewable Energy Installed Capacity
Growth in Electricity Demand
Global Roadmaps for Renewable Energy Generation
Power Generation Policy Support
New Renewable Energy Support Mechanisms
Feed-in Tariff/Feed-in Premium
Other Measures
Chapter 4 Solar Power Market
Overview
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Solar Power Market
Solar PV Market
North American Solar PV Market
European Solar PV Market
Asia-Pacific Solar PV Market
RoW Solar PV Market
Concentrated Solar Power Market
North American CSP Market
European CSP Market
Asia-Pacific CSP Market
RoW CSP Market
Industry Structure of Licensed Capacity
Licensing Periods
Legislative Framework for Solar Power
Competition in the Solar PV Manufacturing Market
Chapter 5 Wind Power Market
Overview
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Wind Power Market
Revenue and Installed Capacity by Region
North America
Europe
Asia-Pacific
RoW
Installed Capacity Clustering
Legislative Framework for Wind Power
Denmark
The European Union
India
Poland
United States
Australia
China
Competition in the Wind Power Market
Roadmap for Wind Power Market Development
Chapter 6 Geothermal Power Market
Overview
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Global Geothermal Energy Market
Revenue and Installed Capacity by Region
North America
Europe
Asia-Pacific
RoW
Geothermal Power Licensing Periods and Legislative Frameworks
Iceland
France
Italy
Germany
United States
Australia
RoW
Competition in the Geothermal Energy Market
Geothermal Investment Trends
Roadmap of Geothermal Energy Market Development
North America
Europe
Asia-Pacific
ROW
Middle East and Africa
Chapter 7 Hydroelectric Power Market
Overview
Run-of-River Hydropower Plant
Pumped Storage
Storage Hydropower
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Hydroelectric Power Market
Revenue and Installed Capacity by Region
North America
Europe
Asia-Pacific
RoW
Legislative Framework for Hydroelectric Power
China
United States
India
Recent General Global Hydropower Trends
Chapter 8 Ocean Energy Market
Overview
Types of Ocean Energy Technology
Wave Energy
Marine Current Energy
Ocean Thermal Energy Conversion
Market Dynamics
Market Drivers
Unstable Oil Prices
Global Warming
Declining Demand for Nuclear Power
Use of Coal
Ocean Power Market
Revenue and Installed Capacity Markets by Region
North America
Europe
Asia-Pacific
RoW
Licensing Period and Industry Structure for Licensed Capacity
Legislative Framework for Ocean Power
Competition in the Ocean Power Market
Recent News and Developments in the Global Ocean Power Market by Country
Belgium
Canada
China
Denmark
European Commission
France
Germany
India
Ireland
Italy
Republic of Korea
Mexico
The Netherlands
New Zealand
Norway
Portugal
Singapore
Spain
Sweden
United Kingdom
The United States
Chapter 9 Liquid Biofuels for the Transportation Sector
Overview
Biofuel Feedstocks
Crop Feedstock
Cellulosic Feedstock
Algae Feedstock
Carbon Dioxide Feedstock
Types of Biofuels
Conventional Biofuels
Advanced Biofuels
End-Products of Biofuels
Cellulosic Ethanol
Biodiesel
Biogas
Syngas
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Biodiesel Market
Revenue and Production by Region
North America
Europe
Asia-Pacific
RoW
Legislative Framework for Biofuels
E.U. legislation for Biofuels and Biomass for Energy Purposes
U.S. Legislation for Biofuels and Biomass for Energy Purposes
U.S. National Renewable Fuel Standard
California Low Carbon Fuel Standard
Competition in the Biofuel Market
Roadmap of Biofuel Market Development
Chapter 10 Factors Influencing Demand for Renewable Energy
Demographic Population Changes
Age
Household Composition
Increasing Income
Government Subsidies
European Union
United States
Factors influencing Solar Energy
International Support for Photovoltaics
European Activities
Implementing the Vision in Europe
Germany's National Program
European Photovoltaic Industry Association
Japanese PV Efforts
Chinese Central Planning
National Energy Administration of China
13th Renewable Energy Development Five-Year Plan (2016-2020)
India
India 175 GW Renewable Energy Target for 2022
Other International Support for Solar Energy
Standards and Conformity Assessment Organizations
Economics and Costs of PV Installations
Solar Rebates and Incentives
U.S. PV Incentive Programs
State PV Incentives
Property Tax Exemptions
Sales Tax Exemptions
Federal PV Incentives
Emissions Trading Programs
Emissions Trading Systems
Chinese Pilot Trading Schemes
Chapter 11 Government Regulations
Government Commitments to Environmental Measures
Feed-In Tariffs
Renewable Portfolio Standards (RPS)
Power Purchase Agreements
Production Tax Credits
Renewable Energy Governing Bodies
United Nations Environment Programme
Division of Early Warning and Assessment
Division of Environmental Policy Division of Technology, Industry and Economics
Division of Policy Development and Law
Division of Environmental Policy Implementation
Division of Regional Cooperation
Division of Environmental Conventions
Global Environment Facility
UNEP Governing Bodies
UNEP Partnerships
UNEP Scientific Advisory Groups
The Ecosystem Conservation Group
Intergovernmental Panel on Climate Change
The Joint Group of Experts on the Scientific Aspects of Marine Environmental Protection
UNEP Energy Branch
Renewable Energy
Energy Efficiency
Sustainable Transport
Alternative Fuels
Round-table of Sustainable Biofuels
International Resource Panel
Promoting Vehicle Energy Efficiency
Bioenergy Program
Intergovernmental Panel on Climate Change
European Commission
European Energy Commission
U.S. State, Local and Foreign Government Agencies
U.S. DOE
Energy Efficiency and Renewable Energy
Biomass
Geothermal Power
Solar Power
Hydropower
Vehicles
Federal Energy Management Program
Weatherization Intergovernmental Program
U.S. Environmental Protection Agency
EPA Energy
EPA Energy Star
Regional Government Initiatives
Local Government Initiatives
Chapter 12 Challenges to Renewable Energy Adoption