1. Market Research
  2. > Energy & Environment Market Trends
  3. > Energy Technology

How to kick-start your market research using energy generation sector figures

 
  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1 vote
Share

Global Energy Technology Industry Analysis


The US Energy Information Administration estimates the global energy industry will show 55% growth between the present-day market situation and that of 2035. Energy demand is rising as the world’s population of over 6.5 billion continues to climb, forecast to reach 9 billion over the next three decades, representing an increasing market for energy technology.

 

The EU Strategic Energy Technology Plan encompasses several initiatives to invest in energy technologies. The plan includes investments over a decade as follows: $9 billion for bioenergy; $13 billion for CO2 capture, transport, and storage; $6 billion for wind energy; $16 billion for solar energy; $2 billion for an electric grid initiative; between $7 billion and $10 billion for sustainable nuclear energy; and $1 billion in the five-year period ending 2013 for fuel cells and hydrogen.

Cumulative Installed Photovoltaic power: Top 10 Countries (2010)   

 

Leading Market Segments

 

  • Clean technology encompasses renewable energy, electric motors, green chemistry, green transportation, Greywater, lighting and information technology. Clean technology involves appliances, services and processes used in the production of electricity and fuels with minimal damage to the environment.

 

  • Increasingly aware of the negative environmental impact of certain energy sources (such as automotive or HVAC), governments are investing more heavily in clean fuel programs. The National Energy Technology Laboratory, under the US Department of Energy (DOE) focuses on researching clean technologies with its hydrogen and clean fuels program. The FutureGen Industrial Alliance is involved in developing technology for the capture and storage of carbon. The DOE invested $1 billion in 2010 in collaborative efforts with the FutureGen Industrial Alliance and Ameren Energy Resources to create and put into action the FutureGen 2.0 project.

 

  • The worldwide market for smart grid storage technologies will exceed $4.5 billion in 2014, according to TechNavio research. Smart grids are electrical grids used to maximize electrical savings. Smart grids anticipate electricity consumption and react accordingly to reduce expense, maximize supply options and minimize environmental harm. State investment is driving growth in this market, aided by partnerships with other branches, such as information and communication technology, and power electronics. Market leaders include Ice Energy LLC, Xtreme Power, Altair Nanotechnologies, Premium Power Corporation, and Beacon Power.

 

  • The market for primary and secondary batteries in the US is forecast to increase close to 5% a year, reaching almost $17 billion in 2015, according to Freedonia. The market will be fuelled by rising demand for electronic device battery replacements and better quality, longer-lasting batteries.

 

  • Wind energy investment, focusing mainly on turbines, is forecast to rise over 5.5% annually, to reach $135 billion in 2014, reports Freedonia. According to the EU Wind Energy Association, wind power capacity topped installation in 2009 out of all technology for generating electricity, at almost 40%. Renewable energy technologies globally represented over 60% of new power generating capacity in the same year. In 2009, $13 billion was invested in EU wind farms. 

 

 

 

Cumulative Installed Wind Turbine Capacity: Top 10 Countries (2010) 

 

Industry Leaders

 

Top players in the energy technology industry include air conditioning systems provider Advantix Systems, US Fortune-500 electric power company Duke Energy, Energy Xtreme, Entergy Corporation, Bonneville Power Administration with net revenues from power services for 2011 through August of $70 million, Solar Frontier, and Xtreme Power.

 

 

Market Outlook

 

The United Nations has said if greenhouse gas emissions are not cut by 70% within the next 30 years, the world will face detrimental climate system consequences. This makes research and development in clean energy technologies and in rendering existing energy solutions environmentally friendly mandatory. As governments seek to limit environmental damage by the generation of energy, green energy technologies are set to receive favorable legislative and financial support.

 

 

Leading Industry Associations

 

 

 

You might be interested in these related markets

 

Understand the Energy Technology Industry Quickly & Get Actionable Data Easily. The Latest Reports with Statistics & Trends from Top Industry Sources
1-10 of about 23 000 reports

Global Energy Technology Industry Forecast

  • June 2015
    24 pages
  • Energy technolo  

    Energy Storage  

    Metal and Miner  

  • World  

    Australia  

    United States  

View report >

Energy Technology Markets in the US Forecast

  • August 2015
    30 pages
  • Energy  

  • United States  

View report >

Energy Technology Industry in India and Asia Forecast

  • November 2014
    18 pages
  • Energy technolo  

  • India  

    Asia  

    Brazil  

View report >

Energy Technology Markets in Japan

  • January 2014
    22 pages
  • Energy technolo  

  • Japan  

    Asia  

View report >

Energy Technology Markets in France

  • March 2015
    5 pages
  • Energy technolo  

  • France  

View report >

Energy Technology Industry in Germany

  • June 2015
    13 pages
  • Energy technolo  

  • Germany  

    Europe  

View report >

Energy Technology Industry in Italy Forecast

  • January 2014
    15 pages
  • Energy technolo  

    Smart Grid  

  • Italy  

    Europe  

View report >

Energy Technology Supply in the UK

  • April 2015
    22 pages
  • Energy technolo  

    Marine Energy  

  • United Kingdom  

    Europe  

View report >

The future of the Energy Technology Industry in India

  • May 2015
    6 pages
  • Energy technolo  

  • India  

    World  

View report >


About 4 700 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 63 - $ 7 805)

Electricity Transmission and Distribution Report and Database Edition 5, 2015

Electricity Transmission and Distribution Report and Database Edition 5, 2015

  • $ 7 805
  • Industry report
  • July 2015
  • by NRG Expert

NRG Expert have researched the Electricity Transmission and Distribution market to produce an in-depth database and accompanying market research report. The report and database helps companies and countries ...

The Rechargeable Battery Market 2014-2025

June 2015 $ 7 375

Global Utility-scale Grid-connected Battery Energy Stor ...

July 2015 $ 7 000

Implications Of Mega Trends On Batteries

June 2015 $ 7 000

World Battery Market

July 2015 $ 6 700

Large And Advanced Battery Technology And Markets

June 2015 $ 6 650

Technology Advances Empowering Microgrids (technical In ...

August 2015 $ 6 500

Electricity Transmission And Distribution Database

July 2015 $ 6 242

The Rise Of Perovskite Solar Cells 2015-2025

June 2015 $ 4 975

Lead Acid Battery Market - Africa Industry Analysis, Si ...

August 2015 $ 4 795

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.