1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Renewable Energy Market Trends

Annual Renewable Energy Outlook 2014

  • December 2014
  • Frost & Sullivan
Report ID: 2587099


Table of Contents

Growing Cost-Competitiveness Drives Market Opportunities

Renewable energy has made strong advances in the power generation fuel mix in many developed and developing nations in the past decade. Energy-hungry nations are increasingly turning to renewables in order to meet their rapidly increasing demand. While some better established sources of renewable power, such as small hydro, biomass, wind, and increasingly solar PV (photovoltaic), are supported in a more concerted manner, niche renewable energy sources such as geothermal and concentrated solar power (CSP) are also on the rise where the natural conditions are suitable. The study focuses on hydro, wind, solar PV, CSP, biomass and waste, geothermal, and marine power globally, highlighting key trends and developments in 10 regions.

Key Findings
Renewable energy installations in 2013 saw the continued, gradual shift in market power to emerging economies where economic growth and revised energy priorities will drive a sustained increase in the adoption of renewable energy.

The cost of renewable energy has declined dramatically in recent years. Overall, the cost of solar photovoltaic (PV) modules are estimated to have dropped by % between 2008 and 2013, making solar more competitive with fossil-fired power and driving accelerated adoption rates. Investments in renewable energy have declined in recent years, driven by falling equipment costs and weaknesses in key regions such as parts of Europe and the United States. Hydro power growth is increasingly driven by China ( % of new capacity in 2013), however, other key markets include Turkey, Brazil, Vietnam, India, and Russia. Pumped storage investments in Europe have started to slow down, but hydro rehabilitation projects will become more important in mature economies. Global capacity will rise from gigawatts (GW) in 2012 to GW in 2025.

The wind power market is entering a more mature phase following a poor 2013, where weakness in Europe and the United States was only partly offset by strong growth in China. Lower growth is expected for offshore wind than previously anticipated, as political support in Europe has declined. Small-scale wind turbines will open up new applications such as telecoms and general electrification. Global wind capacity will grow from GW in 2012 to GW in 2025.

Forecasts for solar PV capacity—expected to rise from 91 GW in 2012 to GW in 2025—have been upgraded further as declining costs boost investor interest. The shift away from Europe accelerated dramatically in 2013, when the region only represented % of new additions, compared to % in 2012 and % in 2011. Reduced policy support in parts of Europe will be offset by booming markets such as China, the United States, and Japan. The position of the Chinese manufacturers is becoming more entrenched.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Solar Photovoltaic (PV) Market

  • $ 4250
  • Industry report
  • July 2017
  • by Mordor Intelligence LLP

Global annual solar power production is estimated to reach 500GW by 2020, from 40.134 GW in 2014, making this market one of the fastest growing ones. Solar Photovoltaic market is a billion dollar secto ...

Global Geothermal Energy Market

  • $ 4250
  • Industry report
  • July 2017
  • by Mordor Intelligence LLP

The Global Geothermal Energy Market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of XX% during the forecast period from 2015 to 2020. The global ...

Europe Renewable Energy Policy Handbook 2017

  • $ 3995
  • Industry report
  • May 2017
  • by GlobalData

Europe Renewable Energy Policy Handbook 2017 Summary Renewable energy represents a possible solution to two major global issues: global warming and diminishing fossil fuel reserves. It is sustainable and ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.