Abstract
REPORT HIGHLIGHTS
- The total global market for advanced materials and devices for renewable
energy systems was worth almost $2.4 billion by the end of 2006. Growing at a
compound annual growth rate (CAGR) of 25.8%, the market will be worth almost
$7.5 billion by 2011.
- Solar photovoltaic devices hold the highest share of the market throughout
the forecast period, worth $1.2 billion in 2006-55.1% of the total global
market. By the end of 2011 they will be worth more than $4.9 billion, a CAGR
of 28.1% and a 56.3% share of the market.
- Ocean energy had the highest growth rate through the forecast period,
reaching $360 million in 2011, a CAGR of 66.5%.
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