Renewable Energy: Technologies

and Global Markets

Sep 2015 • EGY049C

Use this report to:

● Identify the current status of the global market for renewable energy sources and assess
the market’s growth potential from 2014 to 2019, with the base year of 2013.
● Learn about the history of renewable energy market.
● Focus on assessing the possibility that renewables will begin to compete not only with
fossil fuels but also with each other for market share, government subsidies and public
support.
● Learn about the major factors influencing demand for renewable energy.

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 Highlights
● In terms of revenue, the global renewable energy market (excluding biofuels) reached $432.7
billion in 2013 and $476.3 billion in 2014. This market is expected to increase to $777.6
billion in 2019, with a compound annual growth rate (CAGR) of 10.3% from 2014 to 2019.
● The global hydroelectric technology market for renewable energy was valued at $298 billion
in 2014 and is expected to grow at a CAGR of 7.2% from 2014 to 2019 to reach a value of
$422.1 billion in 2019.
● In terms of revenue, the wind power market was valued at nearly $104.9 billion in 2014 and
is expected to reach $180.1 billion in 2019, growing at a CAGR of 11.4% from 2014 to 2019.

SUMMARY FIGURE
GLOBAL RENEWABLE ENERGY (EXCLUDING BIOFUELS) MARKET REVENUE BY TECHNOLOGY,
2013-2019
($ MILLIONS)

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Introduction & Scope

INTRODUCTION

STUDY GOALS AND OBJECTIVES

BCC Research’s goal for conducting this study is to determine the current status of the
global market for renewable energy sources and assess the market’s growth potential
from 2014 to 2019, with the base year of 2013. Integrated studies covering renewable
energy sources are rare due to the rapid growth and varied characteristics of
renewables. The report focuses on assessing the possibility that renewables will begin
to compete not only with fossil fuels but also with each other for market share,
government subsidies and public support. It also examines the impact on the market
from the surging global demand for energy, the impact of climate change on
alternative fuels, improvements in technology and the availability of new materials.
To place an order for The key objective is to present a comprehensive overview of the current markets for
Renewable Energy: renewable energy supplies and the future directions in which they are predicted to
move.
Technologies and Global
Markets
REASONS FOR THE STUDY
call (+1) 781-489-7301
Market studies have become increasingly stove-piped in terms of green technology in
September 2015 general and renewable energy sources in particular. This is a natural progression as
Report ID: EGY049C each renewable energy source employs different technologies, has different
constraints and offers different possibilities to various classes of users.
 However, considering renewable energy sources together allows for an assessment of
the combined contribution they can make in reducing carbon dioxide (CO2) emissions,
helping countries achieve energy independence, conserving natural resources and
improving the environment in various ways. Looking at renewables in a single report
also allows an assessment of policy-relevant issues in terms of gauging where support
is warranted, how close some energy sources are to providing significant contributions
to the portfolio of available resources, and what metrics might be useful in deciding
what energy sources are best equipped to satisfy the needs of individual countries and
regions.

SCOPE OF THE REPORT

The scope of this report is intentionally wide. We cover the major sources of renewable
energy as primary fuels—hydroelectric, wind, solar, geothermal and oceanic sources
(wave, tidal and thermal) and liquid biofuels for transportation. There is no shortage in
the marketplace of reports on each of these sources. However, what existing reports
lack and what this report is intended to provide is a global perspective that places each
source in a relevant context for decision makers in both the public and private sectors.

INTENDED AUDIENCE

This report is intended for professionals working at several levels in the energy and
environmental fields. Although the report is structured around specific technologies, it
is largely nontechnical in nature and focuses on which technologies work and their
market shares and predicted prices instead of theory and jargon.

Therefore, the report’s main intended audience is executive management, marketing

professionals and financial analysts. The report is not written specifically for scientists
and technologists but may be of interest to this audience as it does discuss the market
for their work, including the availability of government and corporate research funding
for different technologies and applications.

Others who may find the report informative include government agencies and
environmental and public policy interest groups concerned with energy, sustainable
development and the environment.

METHODOLOGY AND INFORMATION SOURCES

Both primary and secondary research methodologies were used in preparing this study.
To obtain market data, BCC Research surveyed approximately 33 companies, including
manufacturers, utilities, regulators, environmental analysts and reporters, and
commercial consumers. In addition, data was compiled from current financial and trade
information and government sources.

ANALYST’S CREDENTIALS

Maya Agnani has been a market research analyst for many years and published
numerous reports on technology products and market issues. She has broad
experience with energy and consumer-centric issues.

BCC RESEARCH WEBSITE

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 DISCLAIMER

The information developed in this report is intended to be as reliable as possible at the

time of publication and is of a professional nature. This information does not constitute
managerial, legal or accounting advice, nor should it be considered as a corporate
policy guide, laboratory manual or an endorsement of any product, as much of the
information is speculative in nature. BCC Research and the author assume no
responsibility for any loss or damage that might result from reliance on the reported
information or from its use.

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Renewable Energy:
Technologies and Global
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September 2015
Report ID: EGY049C