Research and Markets (http://www.researchandmarkets.com/research/2qqtbf/renewable_energy) has announced the addition of the "Renewable Energy Market in the MEA Region 2015-2019" report to their offering.
The analysts forecast the Renewable Energy market in MEA to grow at a CAGR of 11.01% over the period 2014-2019
Since renewable energy resources are free and abundantly available in nature, the cost of power generation is less. Moreover, renewable energy mitigates carbon emission, reduces dependency on traditional hydrocarbon oil sources, and increases energy security. The importance of renewable energy sources is growing because of increased environmental concerns and rising prices of fossil fuels.
Many vendors worldwide are striving to enhance existing technologies to gain better output and efficiency in terms of power generation. The integration of highly advanced actuation systems for north-to-south solar tracking and rotary drives for east-to-west solar tracking are recent advances in solar technology. Usage of such technology can help track the sun more efficiently, thereby increasing the overall output from solar power plants.
According to the report, investment in renewable energy generation has increased significantly, which could be attributed to the growing power crisis and increased need for cleaner resources of power. Renewable resources such as wind and sunlight enable electricity generation with minimal GHG emissions.
Further, the report states that wind and solar power are the two widely used energy resources for renewable power generation and the intermittent nature of these two resources significantly hinders market growth. Renewable power generation depends heavily on the availability of sunlight and wind velocity, which differs from place to place.
Key Vendors
- First Solar
- Suntech Power Holdings
- Trina Solar
- Vestas
- Yingli Green Energy Holding
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Technology
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/2qqtbf/renewable_energy