Advanced Materials and Devices for Renewable Energy: Global Markets

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% The total value of solar energy (PV and thermal) was $14.9 billion in 2010; it is projected to approach $18.2 billion in 2011 and it will further grow to $21.6 billion in 2016 at a CAGR of 3.4% The total value of wind energy was $3.1 billion in 2010; it is projected to approach $3.9 billion in 2011 and it will further grow to $9.1 billion in 2016 at a CAGR of 18.3%

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.