Nanotechnology is undoubtedly one of the key technologies which will influence energy efficiency
Renewable Energy Markets Worldwide 2015 Driven by Climate Change
Helmut Kaiser | Helmut Kaiser Consultancy
|Nanotechnology is undoubtedly one of the key technologies which will influence energy efficiency|
Renewable Energy Markets Worldwide 2015
Driven by Climate Change
|New Study by Helmut Kaiser Consultancy|
The energy mix of the future will be more regenerative and sustainable. The generation and storage of renewable energy will be the fastest growing sector in energy market for next 20 years. The market volume of renewable energy worldwide will increase from US$ 95.8 billion in 2007 to US$ 124.4 billion in 2010 and reach US$ 198.1 billion in 2015. These figures and developments are based on the whole value chain. The energy efficiency will increase by 1 to 3 percent per year and there will be more then 120 000 direct employments by 2010 and two times more indirect.
The major market driving forces come from three aspects.
Although fuel cell stores energy rather than produces energy, it plays a major role in the future renewable energy industry. Through minimization, fuel cell can store huge amount of energy within a small volume so that the energy can be easily transported, distributed and utilised in various locations. This will solve the biggest problem of utilising renewable energy, namely the remoteness between energy production and application. Nanotechnology is undoubtedly one of the key technologies to commercializing fuel cell.
As to the regional development, Europe and North America are today's leaders in technology and in market share. Yet, developing countries such as China, India and Brazil are catching up rapidly, or even becoming leaders in certain sector. On the one hand, the industrial boom in these countries requires more energy supply; on the other hand, the huge land area and sufficient natural energy resources in these countries provide ideal conditions for utilizing renewable energy. Last but not least, renewable energy will also give easy access to their population in the rural area, where no sophisticated energy infrastructure is present. With the substantial support from government, Asian developing countries will become the fastest growing market of renewable energy in next decade.
This study is new based February 2007 by Helmut Kaiser Consultancy, a leading consulting company in science research and new technologies since 1980. For more information see http://www.hkc22.com/renewableenergy.html
The content & opinions in this article are the author’s and do not necessarily represent the views of AltEnergyMag
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