Global renewable energy market to decelerate during 2013-18

Solar Panel and Wind Turbine

Research and Markets forecasts that global renewable energy market growth will decelerate, with an anticipated CAGR of 9.8 percent for the five-year period 2013 – 2018.

The market is expected to touch a value of $909,280.3 mn by the end of 2018,the research said.

The market grew at a compound annual growth rate (CAGR) of 10.4 percent between 2009 and 2013, the research said.

The market had total revenues of $569,182.9m in 2013. Between 2009 and 2013, the market production volume increased with a CAGR of 6.0 percent between 2009 and 2013 to reach a total of 4,183,433.6 GWh in 2013.

Rajani Baburajan

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