Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Global Advanced Materials and Devices for Renewable Energy Worth $7.5 Billion by 2011, According to BCC Research

Abstract:
According to a new and updated technical market research report, Advanced Materials and Devices for Renewable Energy Systems - EGY053A from BCC RESEARCH (www.bccresearch.com), the total global market for advanced materials and devices for renewable energy systems was worth almost $2.4 billion by the end of 2006. At a compound annual growth rate (CAGR) of 25.8%, the market will be worth almost $7.5 billion by 2011.

Global Advanced Materials and Devices for Renewable Energy Worth $7.5 Billion by 2011, According to BCC Research

WELLESLEY, MA | Posted on March 13th, 2007

Worldwide production of electricity from wind energy has more than tripled since 2000. Use of solar cells for electricity has increased more than six times in the same period, making solar one of the fastest growing industries in the world. In 2005, capital investments in renewable energy (excluding large-scale hydropower) reached $38 billion, a figure that could approach $70 billion according to some sources.

This dynamism is driving down costs and accelerating technological advances. These technological advances include a range of new material and devices that increase the cost efficiency of renewable energy, helping to expand the market further.

Solar photovoltaic devices, worth $1.2 billion in 2006, hold the highest share of the market throughout the forecast period,55.1% of the total global market. By the end of 2011 they will be worth more than $4.9 billion, a CAGR of 28.1% and their share of the market will increase to 56.3%. Ocean energy had the highest growth rate through the forecast period, reaching $360 million in 2011, a CAGR of 66.5%.

Crystalline silicon, which is used in solar PV arrays, has the largest consumption of any type of advanced material, followed at a distance by thin films. Composites had the third -largest consumption in 2005-2006, but nanomaterials will surpass composites by 2011.

TABLE

 

GLOBAL MARKET FORECAST FOR ADVANCED MATERIALS AND DEVICES
FOR RENEWABLE ENERGY SYSTEMS, THROUGH 2011

($ Millions)

 
  2005  2006  2011  CAGR, 2006-2011
         
Solar photovoltaics

1,211.3 

1,214.9  4,190.7  28.1 
Solar thermal power 6.1  12.0  167.1  69.3 
Small hydropower 0.4  0.6  5.1  53.9 
Wind energy 949.0  1,105.5  2,714.0  19.7 
Geothermal energy 5.2  5.4  13.2  -- 
Ocean energy 28.1  28.1  360.0  44.2 
Total 2,200.1  2,366.5  7,450.1  25.8 

Source: BCC Research

Published: February 2007 Price: $4250

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research ( http://www.bccresearch.com ), 40 Washington Street, Wellesley, MA 02481, Telephone: 866-285-7217; Email: publisher@bccresearch.com as the source and publisher, along with report number, which can be found in the first paragraph of this release. Thank you.

####

For more information, please click here

Contacts:
BCC Research
Dawn Peters, 781-489-7303
Fax: 781-489-7308

Additional Releases:
http://www.bccresearch.com/press

Copyright © Business Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

Study reveals how herpes virus tricks the immune system February 5th, 2016

Hepatitis virus-like particles as potential cancer treatment February 5th, 2016

Organic crystals allow creating flexible electronic devices: The researchers from the Faculty of Physics of the Moscow State University have grown organic crystals that allow creating flexible electronic devices February 5th, 2016

Researchers discover new phase of boron nitride and a new way to create pure c-BN February 5th, 2016

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

Study reveals how herpes virus tricks the immune system February 5th, 2016

Hepatitis virus-like particles as potential cancer treatment February 5th, 2016

Organic crystals allow creating flexible electronic devices: The researchers from the Faculty of Physics of the Moscow State University have grown organic crystals that allow creating flexible electronic devices February 5th, 2016

Researchers discover new phase of boron nitride and a new way to create pure c-BN February 5th, 2016

Energy

February 4th, 2016

Putting silicon 'sawdust' in a graphene cage boosts battery performance: Approach could remove major obstacles to increasing the capacity of lithium-ion batteries January 30th, 2016

Simplifying solar cells with a new mix of materials: Berkeley Lab-led research team creates a high-efficiency device in 7 steps January 29th, 2016

Scientists provide new guideline for synthesis of fullerene electron acceptors January 28th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic