ReportsnReports: Advanced Materials and Devices for Renewable Energy : Global Markets -- Focus on the U.S.

06-Jan-2012 | News-Press Release

Report Summary
• The global market for advanced materials and devices used in renewable energy systems was $18.2 billion in 2010; it is projected to approach $22.3 billion in 2011 and it will further grow to $31.8 billion in 2016 increasing at a compound annual growth rate (CAGR) of 7.4%
• In 2010, the U.S. consumed more than $1.1 billion worth of advanced materials and devices used in the production of renewable energy systems. The market is projected to grow to nearly $1.3 billion in 2011 and more than $4.1 billion in 2016, a CAGR of 26.9% over the next 5 years.
• Photovoltaic materials and devices account for the largest share of the U.S. market, i.e., nearly 53% in 2010. PVs’ share of the market is projected to decline to 39% by 2016, but is still expected to lead wind energy, the second-largest segment with 30% of the market in 2016.

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The overall goal of this study is to identify and quantify the market for advanced material and device technologies used in renewable-energy systems. Specific objectives include the following:
• Identifying advanced materials and devices that are used in renewable-energy systems
• Analyzing and predicting trends in the most likely application(s) for each of these materials and devices, as the basis for developing baseline estimates of the renewable-energy-related market for advanced materials and devices
• Pinpointing new materials and devices that are likely to be introduced into renewable-energy systems in the next 5 years and their expected market impacts
• Drawing attention to manufacturers of renewable-energy systems and associated advanced materials and devices that are most likely to benefit from the trends identified above

Explore Tables of Contents available in the report Advanced Materials and Devices for Renewable Energy : Global Markets — Focus on the U.S..

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