Global Biomass Pellets Market to register $8.34 billion growth by 2020

Zion Market Research has published a new report titled “Global Biomass Pellets Market for Residential and Industrial applications: Global Market Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020.” According to the report, global biomass pellets was valued at USD 4.52 billion in 2014 and is forecast to reach USD 8.34 billion in 2020, growing at a CAGR of 10.9% between 2015 and 2020.

Biomass pellets are mainly used as a heating fuel. The use of biomass pellets for heating and as a source of fuel has increased extremely during recent years. Use of biomass pellets in different residential and industrial applications such as pellet stoves or boilers over old-style wood-fired equipment has been increasing significantly over the past few years. Biomass pellets are normally obtained from various sources including the timber industry, sawdust, sugarcane crop, woody plants, and switch grass etc. The use of biomass pellets is increased in power generation. It is ideally used as a substitute for materials used as a source of fuel for heating and power generation purposes.

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The global biomass pellets market can be classified into two application segments such as residential applications and industrial applications. The global biomass pellet market was led by the industrial application, accounting for the largest share of over 55% in 2014. However, the residential segment is expected to witness rapid growth rate compared to industrial segment through the forecast period.

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Renewable energy such as solar and wind power are only available for certain periods of the month. Biomass is the only renewable energy source that is independent on the weather and is available all over the period of power generation. This has resulted into growing demand for biomass pellets market across the globe. Consistent energy supply is the growing demand of increasing population. Energy extracted from biomass is available continuously and it is not get affected by the weather conditions and other external factors as a renewable energy.

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Global biomass pellets were dominated by the EMEA region with a share of over 42% of total market in 2014. The biomass pellets market in EMEA region is expected to grow at a rapid pace during the forecast period. The EMEA region is followed by the Americas and Asia Pacific respectively. Brazil and the U.S. have been the major biomass pellet producing countries in America and have huge installed capacity of biomass power plants. Asia Pacific is expected to be the fastest growing market for biomass pallets during the forecast period. However, Asia Pacific is expected to exhibit the fastest growth in during the forecast period.

Global biomass pellets market is highly competitive, with the presence of well-established global vendors. Energex Corporation, Forest Energy Corporation, Helius Energy, New England Wood Pellet, and Woodstone are the key vendors in the market.

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Solar Tracker Market to Hit $6.37 billion globally by 2020

Zion Market Research has published a new report titled “Solar Tracker (Single Axis and Dual Axis) Market by Technology (Solar PV, CPV and CSP) for Utility and Non-utility Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”. According to the report, global demand for solar tracker market was valued at over USD 2.42 billion in 2014 and is expected to reach around USD 6.37 billion in 2020, growing at a CAGR of slightly above 17.6% between 2015 and 2020. Global solar tracker market installed capacity was 2,389.56 MW in 2014.

Solar trackers are devices that increase the energy production and lowers levelized cost of electricity. They are designed to harness maximum amount of solar energy by aligning payloads orientation towards the sun. Trackers help to generate more energy as mirrors or solar panels are fully exposed to sunlight. At present, novel designs are developed to track the movement of the sun in a more efficient manner instead of using existing active and passive trackers available.

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There is a growing demand for PV systems, which in turn is driving the demand for solar trackers. The rising demand of solar PV in the commercial and residential organization is the key driver of solar tracker market. Increased cost of electricity on account of depleting non-renewable sources is expected to boost the market for PV installation systems in households plus commercial applications. A solar tracker is widely used in the various application areas like utility and non-utility. Government incentive schemes and Feed-in-tariffs (FIT) is anticipated to fuel the market growth in the years to come.

The solar tracker market has been segmented based on technology, product types, application and key regions. Solar PV, CPV, and CSP are the technology segments of the solar tracker market. Flat-panel photovoltaic (PV), Concentrated Photovoltaic (CPV) and Concentrated Solar Thermal (CSP) are some of the major technologies where solar trackers are implemented. Solar trackers have distinctive functionalities in all application such as orienting the optics in CPV and CSP systems, minimizing the angle of incidence of the photovoltaic panel and incoming sunlight in PV applications. In terms of technology, solar PV dominated the market followed by CSP and CPV in 2014. This segment accounted for over 45% of the global solar trackers installed capacity.

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On the basis of product segment, solar tracker market segmented into single axis and double axis trackers. Single axis tracker holds the majority of the market and had an annual installation capacity of approximately 2000 MW in 2014. Single axis tracker is cheaper than double axis tracker and is widely used in commercial and residential applications.

The main key applications of solar tracker market include utility and non-utility applications. In 2014, utility segment accounted for the majority of the solar tracker market for 82.5% of the overall share in 2014. The key reason for high demand for solar trackers in utility segment is its cost effectiveness, as utility applications deal with large scale projects as compared to noneutility applications.

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The global market was dominated by Europe, which accounted for approximately 38% of market share in 2014. This was due to huge demand for solar trackers in Italy, Spain, Germany, and Greece. Europe was followed by North America with great demand for solar tracker in the U.S.

Global solar tracker market is highly competitive, with the presence of well-established global market vendors. Hao Solar Technology Co. Ltd., Abengoa Solar, S.A., Array Technologies, Inc., SunPower Corporation, Grupo Clavijo Elt SL, Mechatron S.A., Titan Tracker SL, AllEarth Renewables, Inc., Energia Ercam SL, Mecasolar Espana SL, First Solar, Inc., DEGERenergie GmbH, Soitec, Optimum Tracker and CM Tracker are some of the key participants in the market.

 

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Global Solar PV Market will Procure $148.5 billion by 2020

Zion Market Research has published a new report titled “Solar Photovoltaic (PV) (CPV, Hybrid, and Other systems) Market for Residential, Non-residential and Utility Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020” According to the report, the global solar PV market was valued at approximately USD 108.3 billion in 2014 and is expected to reach approximately USD 148.5 billion by 2020, growing at a CAGR of around 10% between 2015 and 2020. In terms of volume, global solar PV market stood at 33.3 giga watt in 2014.

The solar photovoltaic (PV) system is designed to supply electrical energy to a given load by directly converting solar energy through the photovoltaic effect. The solar photovoltaic system is also called as solar cell. Different materials are used to produce PV cells such as mono crystalline silicon, amorphous silicon, cadmium telluride, and copper indium gallium selenide. Solar PV systems offer an efficient way for generating electricity from solar radiation and with a lower carbon footprint. The simplest PV systems power many of the wrist watches, outdoor lights, small calculators etc. Larger solar PV cell provides electricity for powering equipment, lighting homes, and pumping water.

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Solar PV market is expected to witness robust growth on account of growing demand in residential and utility application sector. Government initiatives and funding has provided the strong boost to solar PV market in Asia Pacific and North America. Advancement in technology and stringent environmental regulation are key factors expected to witness increased number of installations over the forecast period. Residential sector has witnessed a major upsurge over the past few years. This growth can be attributed to rising consumer awareness regarding environment protection coupled with subsidized module cost. However, changing environmental conditions and high technological cost can be a barrier to the growth of this industry in emerging and underdeveloped economies.

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The solar PV market is segmented on the basis of different systems such as CPV, hybrid and others. The solar photovoltaic market was dominated by the CPV system segment, which accounted for a significant share of revenue generated in 2014. Furthermore, the hybrid system used more than one renewable form of energy. The hybrid system is another growing segment and expected to be witness robust growth during the forecast period.

Based on application, the solar PV market is segmented into residential, non-residential and utility. Utility segment includes power plant application, military application, and others, which held the largest share over 55.0% in 2014. Residential segment is the second leading application segment for solar PV installations, which is accounted for around 30.0% of the global installed PV capacity in 2014 and is expected to slight decreasing some market share to the faster-growing utility application segment. The non-residential segment is expected to grow at moderate pace in the years to come.

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Europe was the leading regional market for solar PV in 2014. Europe is closely followed by Asia Pacific. Europe. Asia Pacific is second largest market driven by the fastest growth of the Chinese market. With increased government support and investment in the field of research development, Asia Pacific is expected to witness robust growth during the forecast period 2015 to 2020. Latin America and Middle East & Africa are also expected to experience significant growth of the solar photovoltaic market in the years to come.

Some of the key players in Solar PV market include Suntech Power, Canadian Solar, Trina Solar, SunPower, Kaneka Corporation, Kyocera Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, Sharp Corporation, JA solar Co. Ltd, Jinko Solar and ReneSola Co. Ltd.

About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Green Energy Market to Grow $900 Bn, Globally by 2020: Analysis of Key Players

Zion Market Research has published a new report titled “Green Energy (Solar Photovoltaic (PV), Wind Energy, Hydroelectric Power, Bio-Fuels and Geothermal Energy) Market for Residential, Commercial and Industrial End-users – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”. According to the report, global green energy market was valued at around USD 550 billion in 2014 and is expected to reach USD 900 billion in 2020, growing at a CAGR of around 8.5% between 2015 and 2020.

Green energy can be generated from a wide range of sources including the wind, solar, hydro, tidal, geothermal, and biomass. Green energy is a renewable energy which generated from natural resources like sunlight, wind, rain, tides, waves, and geothermal heat etc. By using more renewable sources to meet its energy needs, the world can lower its dependence on fossil fuels and makes energy generation more sustainable. The green energy industry also drives technological innovation and employment across Europe. Green energy posses a natural process that does not create any type of pollution.

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The green energy market is mainly driven by growing awareness regarding environmental concerns, rapidly depleting conventional resources of energy, favorable government policies, etc. Government initiatives and funding has provided a strong boost to green energy market in Europe and North America. Stringent environmental regulations in these regions are a major driving factor for the green energy market. High initial investment and higher cost of energy are expected to hamper the growth of this industry to some extent. However, increased research and development activity in the field of green energy is expected to lower down the overall cost of green energy in the years to come. This is expected to fuel further growth of green energy market across the world between 2015 and 2020.

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Based on types, green energy market can be segmented as solar photovoltaic, hydropower, wind energy, bio-fuels and geothermal. Hydroelectric power dominated the green energy market with large market share in total revenue generated in 2014. However, solar PV is expected to exhibit strong growth during the forecast period. Solar PV’s are gaining popularity among end users owing declining cost and increased efficiency.

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On the basis of the end-users segment, the green energy market is classified into residential, commercial and industrial end users. Commercial and industrial end user segment together accounted for largest share of total revenue generated in 2014. The commercial segment was the largest end-user segment in 2014. North America dominated the global green energy market with over 30% share in total revenue generated in 2014. However, with increased government support and investment in the field of research development, Asia-Pacific is expected to witness robust growth during 2015 to 2020. Europe, Latin America, and Middle East & Africa are also expected to experience significant growth of green energy market in the years to come.

The global green energy market is highly competitive, with the presence of well-established global market participants. ABB Ltd., Alterra Power Corporation, Kyocera Solar Inc., Nordex SE, Hanwha Q Cells GmbH, Calpine Corporation, Suzlon Energy Ltd., U.S. Geothermal Inc., Yingli Green Energy Holding Co. Ltd., Enercon GmbH, GE Energy, First Solar Inc., JA Solar Holdings Co. Ltd., Suntech Power Holdings Co. Ltd., Enphase Energy Inc., and Archer Daniels Midland Company are some of the key participants in the green energy market.

This report segments the global green energy market as follows:

Energy type Segment Analysis: Solar photovoltaic (PV), Wind energy, Hydroelectric power, Bio-fuels, Geothermal energy

End-user Segment Analysis: Residential, Commercial, Industrial

Regional Segment Analysis: North America (US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa

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About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Joel John
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