Clean energy is
becoming progressively more competitive with newly built conventional
power plants.This research report analyzes this market on the basis
of its market segments, major geographies, and current market trends.
Clean energy is
becoming progressively more competitive with newly built conventional
power plants. In Europe, decreasing wholesale prices initiating from
slow demand of power, overcapacity, low CO2 costs and rising
penetration of renewable are some of the factors responsible for
declining investment in clean energy market. As a result, policy
incentives are required to drive progress in clean energy
technologies. Surge in the industrialization all over the world have
created innovative technologies that have a major and positive effect
on human life. Rise in the rates of pollution, environmental concerns
as well as human health has urged the need for maximizing the energy
production cleaner energy sources. Furthermore, high rate of
pollution due to burning conventional fuels such as petroleum and
coal can be decreased by increasing the utilization of cleaner energy
sources, thus creating an enormous demand from the global clean
energy market. Emerging technologies in clean energy market can
capture new niche markets through the implementation of new business
models. Therefore, market creation, technology penetration and
developments of emerging technologies are some of the key measures of
progress in the deployment of clean energy.
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Clean energy market
can be segmented based on the industries in which clean energies are
organized. Bio fuels, wind power, solar power are some of the most
commonly pursued avenues. Huge demand of clean energy is expected to
capture for these segments, creating the scope for rapid growth in
clean energy market. The end users responsible for this huge demand
include power generation, industrial, transportation and commercial
sectors.
North America is one
of the leading regional segments in clean energy market, followed by
Europe. On the other hand, Asia Pacific and Rest of the World (RoW)
are showing rapid growth in the clean energy sector. China is
expected to experience considerable growth rates in upcoming years.
China has supported clean transport technologies to improve urban air
quality. Other countries such as India, Australia and Brazil are
bolstering value chain for clean energy. In addition, India and China
are projected to witness substantial profits in global clean energy
market, due to rising manufacturing output thereby augmenting the
demand for clean energy technologies. India is currently focusing on
grid and line loss applications to improve the value chain for clean
energy technologies.
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Stringent
regulations by government organizations such as Environmental
Protection Agency (EPA) and International Maritime Organization (IMO)
against the carbon emissions is one the leading factors driving the
clean energy market. In addition, the support from the governments in
the form of subsidies and tax benefits on the utilization of clean
energy is also positively effecting the deployment of clean energy
technologies. Lack of awareness among the end users regarding the
potential benefits of clean energy is one of the major restraints to
the clean energy market. Lack of aftermarket services for repairing
of clean energy equipments such as solar panels and wind turbines is
another restraint to the market.
Some of the leading
market players in the global clean energy market include the
companies such as Amereco Biofuels Corp., Diversified Energy
Corporation, Suntech Power Co. Ltd., First Solar Inc., GE Energy,
Suzlon Group, Pure Earth Energy Resources LLC. and Siemens Wind Power
among others.
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