Advanced Materials and Devices for Renewable Energy: Global Markets--Focus on Europe


January 1, 2012
184 Pages - SKU: WA6723830
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The global market for advanced materials and devices used in renewable energy systems was $18.2 billion in 2010; it is projected to approach $22.3 billion in 2011 and it will further grow to $31.8 billion in 2016 increasing at a compound annual growth rate (CAGR) of 7.4%.

Europe utilized $8.2 billion worth of advanced materials and devices to produce renewable energy systems in 2010. Utilization is expected to rise only slightly in 2011, but should approach $14.4 billion in 2016, a CAGR of 11.7% between 2011 and 2016.

Germany alone accounted for half of the European market in 2010, a percentage that is expected to remain as large as 47% through 2016. The market is expected to approach $4 billion in 2011 and $6.7 billion by 2016 at a CAGR of 10.9% between 2011 and 2016.


Additional Information

INTRODUCTION

STUDY BACKGROUND

Two years have passed since BCC published its last report on the global market for advanced materials and devices used in renewable-energy systems. Since then, the global market for renewable energy has continued to grow and evolve. BCC therefore considers it important to update the earlier report’s findings and conclusions about the size and structure of this important market.

STUDY GOALS AND OBJECTIVES

The overall goal of this study is to identify and quantify the market for advanced material and device technologies used in renewable-energy systems. Specific objectives include the following:
  • Identifying advanced materials and devices that are used in renewable-energy systems
  • Analyzing and predicting trends in the most likely application(s) for each of these materials and devices, as the basis for developing baseline estimates of the renewable-energy-related market for advanced materials and devices
  • Pinpointing new materials and devices that are likely to be introduced into renewable-energy systems in the next 5 years and their expected market impacts
  • Drawing attention to manufacturers of renewable-energy systems and associated advanced materials and devices that are most likely to benefit from the trends identified above

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