The global fuel cell (FC) market is expected to exhibit solid growth on account of rising demand for unconventional energy sources. Growing awareness of clean energy is boosting the growth of alternative energy sources. Benefits of these cells, such as eco-friendliness, better efficiency, and durability, are expected to increase its adoption in the coming years. High demand for portable devices and increasing applications in the transportation sector are expected to increase product demand in the coming years. Strict government policies to minimize pollution levels are also expected to bode well for the market.
The U.S. solar panel market size was estimated at USD 12.67 billion in 2017 and is expected to grow further during the forecast period. Over the past few years, the market has gained much traction, owing to demand for renewable energy over fuel or electricity consumption. The residential sector witnessed tepid growth in terms of installation due to discrepancies in sales strategies such as high cost of installation and maintenance. Be that as it may, increasing development activities in Florida, Utah, South California, and Texas are anticipated to drive the segment over the forecast period.
The Global recyclable thermosets market was around 102 million kilo tonnes with valuation worth USD 15.8 billion in 2015 and it is estimated to exceed valuation worth USD19.3 billion by 202.
The global dual axis solar tracker industry size is expected to increase significantly over the next seven years on account of shifting focus towards non-renewable energy sources.
Global Rooftop Solar PV market is expected to witness substantial growth over the forecast period on account of the increasing demand in residential and commercial segments.
Government policies and regulations are the major key drivers of solar power market because of government subsidies global solar power market has grown between 25 to 30 percent.
Global waste derived biogas market is expected to witness substantial growth over the forecast period on account of the increasing awareness for environmental safety and surplus use of fuels.
Geothermal heat pump is a central heating and cooling system thatuses earth as a source of energy. The price fluctuation in convention fuels has resulted in demand for cost-efficient energy solutions.
The word "Geothermal" has been derived from the Greek origin that means "earth heat". A central heating as well as a cooling system that assists the movement of heat to or from the ground is called a geothermal or ground source heat pump. It is also popularly known by different names such as geoexchange, earth-coupled, and earth energy systems.
Carbon capture and sequestration (CCS) are technologies that help decrease CO2 emissions from existing & new gas & coal-fired power plants. Moreover, these also reduce gaseous emissions from large industrial setups.
The worldwide concentrator photovoltaic market size is predicted to exhibit about 14% CAGR from 2016 to 2024 (forecast period). It would reach a size of nearly USD 2.1 billion by 2024.
Increasing demand for renewable energy over conventional energy is expected to drive global hydropower market over the next eight years.
The global farnesene industry size is expected to increase significantly over the next seven years on account of growing usage in cosmetics, perfumes, detergents, industrial lubricants and transportation fuels.
Shift in trend toward use of renewable energy resources is expected to be the major factor driving the global waste to energy (WTE) market over the forecast period. Waste generated from residential and commercial uses are consumed to produce electricity. Increasing industrial and domestic waste has encouraged government to promote energy generated from waste.