Global Marine Energy Market Is At A Nascent Stage With Immense Growth Potential

Global Marine Energy Market Analysis to 2020 - Capacity

, Generation, Regulation and Market Share Analysis

The growing focus on renewable power has resulted in growing investment in various technologies and one of them is the marine technology. Though still in a very nascent stage, the market holds the potential to become a big one in the coming years. ( http://www.bharatbook.com/detail.asp?id=146117&rt=Global-Marine-Energy-Market-Analysis-to-2020-Capacity-Generation-Regulation-and-Market-Share-Analysis.html )

Global Energy Industry:

The population of the world has been increasing at a rapid pace in the last few decades and this has lead to an increase in demand for a number of resources like water, food and energy. The population of the world doubled from 3.2 billion in 1962 to 6.4 billion in 2005 and is forecast to reach 9.2 billion in 2050. Natural resources such as coal, oil and gas are fast depleting and the fear of climate change is putting pressure on the energy sector to move away from non-renewable sources for producing energy and concentrate on renewable sources to meet energy demands.

The energy industry is facing challenging times, meeting energy demands in the face of depleting natural resources while simultaneously reducing carbon emissions. This is coupled with the slow pace of technological innovation in renewable energy and the political instability of oil and gas producing nations. The total world energy consumption stood at 9,323 Mtoe in 2001 and it rose to 11,484 Mtoe in 2009. The figure below gives the global energy consumption in Mtoe from 2001 to 2030.

Global Renewable Energy Industry:

Renewable energy is the energy that is produced from natural resources. The sources include sunlight, wind, rain, tides and geothermal heat, among others. Main types of renewable energy:

Wind power:

Wind power is the conversion of the energy present in wind into a useful form of energy by using turbines,

mills and pumps. As of 2009 the total global installed capacity for wind energy is 157.9 GW and it is expected to grow in the coming years. Wind energy is an attractive source of energy as it is clean, plentiful, renewable and produces no greenhouse gases.

For more information kindly visit : http://www.bharatbook.com/detail.asp?id=146117&rt=Global-Marine-Energy-Market-Analysis-to-2020-Capacity-Generation-Regulation-and-Market-Share-Analysis.html

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