Clean Energy Technologies: A Global Market Report
San Jose, California (PRWEB) March 29, 2010
Clean technologies or 'cleantech' play a fundamental role in determining the future of a nation's economy. Adoption of cleantech solutions will decrease the energy requirements and other costs, in turn contributing to productivity, competitiveness of the industry, profits, and creation of jobs that boost the economy. Simultaneously, widespread implementation of clean technologies will help meet air contaminants and greenhouse gas (GHG) reduction goals. By 2015, renewable energy is expected to become the second largest energy source, as businesses will increasingly migrate from conventional energy sources (gas, coal, oil, nuclear) to clean energies, such as biomass, wind, solar, hydro, and geothermal heat. Also, both public sector (national laboratories, universities) and commercial sector (incl. national and international enterprises) will continue to step up investment in clean technologies for environmental remediation, air pollution control, and energy generation.
Presently, the economic viability for clean technologies has come under siege as the world economy battles the worst meltdown ever. However, the fight against global warming infuses optimism over a quick recovery. Solar power, wind power, fuel cells, and biofuels are sustainable only due to significant government subsidies. Also, most of the players in clean technologies marketplace are early-stage companies with limited financial muscle to sustain strong economic headwinds. While the continued difficult economic scenario is a factor to consider, the industry trends bear out an optimistic assessment, as fundamental market drivers for clean technologies remain strong. Government stimulus packages are the silver lining in this downturn in the global economy. Also, recession is considered a good time to invest in clean-tech companies. The slowdown has resulted in lower valuations of clean-tech companies making them lucrative for investment opportunities.
As stated by the new market research report on Clean Energy Technologies, the Wind Power and Biofuels collectively account for about 70% share of the global clean energy market estimated in 2009. Hitherto, solar and wind power are the fastest growing source for clean energy. The outlook for the market in the near future appears optimistic, as countries worldwide will increase their photovoltaic power generation due to its promise to reduce production costs and the evolution of next-generation technology.
Key players dominating the marketplace include Abengoa Bioenergy Corporation, ACCIONA Energ�SA, ACCIONA Solar Power Inc, Ballard Power Systems Inc, BP Solar International Inc, First Solar LLC, GE Energy, Kyocera Solar Inc, Mariah Power, Nordex AG, Sharp Corporation, Siemens Energy, and Solar Systems Pty Ltd among others.
The report titled "Clean Energy Technologies: A Global Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, product overview, product introductions/innovations, profiles of major players, and recent industry activity. The report analyzes market data and provides analytics in value sales for global market. The study also analyzes the clean energy market by the following type of technologies: Wind Power, Solar Photovoltaics, Biofuels, and Fuel Cells.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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