Transparency Market Research offers a detailed analysis of the global advanced materials and devices for renewable energy market in a new research report. The research report, titled “Advanced Materials and Devices for Renewable Energy Market - Global Industry Size, Share, Trends, Analysis And Forecasts 2012 - 2018,” ascertains the threat of substitute products or services, the threat of new entrants, the intensity of competitive rivalry, the bargaining power of suppliers, and the bargaining power of customers with the help of Porter’s five forces analysis. Additionally, it also uses SWOT analysis to identify the strengths, weaknesses, opportunities, and threats influencing the segments of the global advanced materials and devices for renewable energy market.
The global advanced materials and devices for renewable energy market has been segmented into solar photovoltaic, solar thermal collectors, small hydropower, wind energy, geothermal energy, and ocean energy. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.
In the present market scenario, solar photovoltaic materials and devices hold the largest share in the North America regional market. However, analysts predict that wind energy will emerge as the leading segment of the overall advanced materials and devices for renewable energy market due to its improved efficiency and cost-effectiveness. As the pressure of climate change builds, initiatives are being taken to use alternative sources of energy for producing electricity, thereby propelling the solar cell materials and devices market.
Research indicates that adoption of solar cells has gone up rapidly in the past few years, making them the fastest growing segment of this market. The wind energy segment is also picking up pace as countries are looking at it as a viable source of electricity. Furthermore, the declining costs of advanced materials and devices used for renewable energy generation due to technological advancements will also propel this market.
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Some of the important players in the global advanced materials and devices for renewable energy market are Conergy AG Daystar Technologies Inc., Antec Solar Energy Ag, The Boeing Company, BP Solar International LLC, Dow Corning Corp., Evergreen Solar, First Solar LLC, G24 Innovations Ltd., Konarka Technologies Inc., JX Crystals, Marine Current Turbines Ltd., Kyocera Solar Inc., Nanosolar Inc., and Panasonic Electric Works Ltd. The research report offers an objective outlook of the competitive landscape of the global advanced materials and devices for renewable energy market. Furthermore, the report also explains the financial overview, research and development activities, investment outlook, business and marketing strategies, expansion plans, and joint ventures of these top players in the near future.
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