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March 10, 2012 at 05:00 AM EST
Research and Markets: The Renewable Energy Market in the APAC Region to Grow At A CAGR Of 8.3 Percent oOer the Period 2011-2014 Says New Report

Research and Markets( has announced the addition of the "Renewable Energy Market in APAC 2011-2014" report to their offering.

TechNavio's report, Renewable Energy Market in the APAC Region 2011-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the APAC region; it also covers the Renewable Energy market in the APAC region landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this market space include Vestas Wind Systems A/S, First Solar Inc., Siemens AG, Q-Cells SE, Suntech Power Holdings Co. Ltd., GE Energy, and Sharp Corp.

Commenting on the report, an analyst from TechNavio's Clean Tech team said, The integration of renewable energy into the APAC region's power grid will help this region meet increasing power demand by reducing wastage of power generated. In order to achieve this state of efficiency, the governments in many countries of the APAC region have decided to rely on renewable sources of energy, which will help reduce power loss during power generation. For instance, the State Grid Corporation of China (SGCC) has started efforts to complete the smart grid construction by 2015, which will enable the integration of power generated from wind and solar energy.

According to the report, the APAC region, which accounts for about 22 percent of the Global market, is expected to increase its share by 2015. Specifically, countries such as Japan and Korea have invested significant amounts in fuel cell R&D. Japan has its focus mainly on R&D for the phosphoric acid fuel cell, the molten carbonate fuel cell, and fuel cell vehicles.

The report also discusses key challenges impacting this market including the dominant usage of coal power generation in the APAC region.

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