Renewable energy is a non-depleting source of natural energy such as hydro energy, geothermal energy, wind energy, solar energy and waste biomass energy. Renewable energy market is driven by increase in demand for non-renewable depleting source of energy such as petroleum, coal, and natural gas. The market is also driven by increase in awareness about environmental safety and security. Global renewable energy market is influenced by cost of investment for the infrastructural setup. However, increase in technological advancement for utilizing these sources decrease the cost to some extent. U.S. government is investing in research and development of solar energy projects to avoid energy crisis.
Global renewable energy market is influenced by increase in demand from growing population that provokes them to search for alternative source of energy. However, governments in many developed countries are encouraging the application of non-depleting resources. The Renewable Energy Directive set European framework for promoting renewable energy consumption. This framework has targeted 20% share of renewable energy in the European energy market by 2020. This report provides in-depth intelligence about key regulation and guideline assigned for renewable energy consumption. This report provides market intelligence of key strategies adopted by key companies.
Key players engaged in this market include Danfoss Heat Pumps, DeLonghi-Climaveneta, Earth Energy Limited, Geothermal International Ltd (GI), Global Energy Systems and Technology, ICS Heat Pump Technology, Ideal Boilers, Keston Boilers, Mitsubishi Electric, TEV Limited
KEY GLOBAL RENEWABLE ENERGY MARKET SEGMENTS
GLOBAL MARKET, BY TYPE OF ENERGY
GLOBAL MARKET, BY GEOGRAPHY