Top 5 Emerging Nations in Renewable Energy Industry are anticipated to reach a Value of $353.7 billion in 2020

Albany, New York, December 12, 2016: Renewable energy resources and major opportunities for energy productivity exist over wide geographical areas, in contrast to other energy sources which are mainly focused in a limited number of countries. A recent report titled “Renewable Energy Top 5 Emerging Markets Industry Guide-2016”, has been added to the vast portfolio of Market Research Hub. This study is a vital resource for top-line data and analyzes the renewable energy market by covering the emerging five countries. The report also includes market size and segmentation data along with textual & graphical analysis of market growth trends and information related to leading companies.

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The renewable energy industry remains one of the most fast-changing, vibrant and transformative sectors of the global economy. Due to the technology improvements, cost declines and catalytic influences of new financing structures have turned the sector into a driver of economic growth all around the world. In this study, the report compares data from Brazil, China, India, Mexico and South Africa. These countries have contributed $217.3 billion to the global renewable energy industry in 2015 with a CAGR of 13.2% between 2007 and 2011. The abundance of fossil fuels in the Russian Federation has resulted in little need for the development of other renewable energy sources. There are currently many plans in process to develop all types of renewable energy which is strongly encouraged by the Russian government.

The report starts with the brief introduction to the renewable energy resources in emerging nations. It examines future problems, innovations and potential growth areas within the market. According to the report, renewable policies in Brazil and China have long-term positive effects on renewable energy production & consumption which has improved the two countries growth rate as well. Currently, China is the leading country among the BRICS, with market revenues of $162.8 billion in 2015. This was followed by India and Brazil with value of $15.7 and $34.2 billion, respectively. In 2015 China became the world’s largest producer of photovoltaic power at 43 GW installed capacity. Moreover, China also leads the world in the production and use of wind power and smart grid technologies by generating as much water, wind and solar energy. Due to the constant technological innovations within the renewable energy industry China will also lead with a value of $289.6 billion in 2020.

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Further, the report also reveals details of the leading company profiles of renewable energy market players’ in BRICS and to determine the competitive intensity, the researchers have used five forces analysis.

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