February 24, 2010

Today Pike Research announced the introduction of its new Renewable Energy Advisory Service, a subscription-based business information suite that provides insights and market intelligence for companies in the fast-moving energy technology sector.  The service covers energy sources including solar, wind, geothermal, biomass, and hydrokinetic and ocean energy, both at the utility scale and on a distributed generation level.

“Renewable energy is at a critical point in its evolution,” says managing director Clint Wheelock.  “New technologies and business models being created today have the potential to transform entire industries, as well as the ways in which people around the world live and work.  We are at the beginning of a new energy age that offers dramatic opportunities for economic development, yet is filled with significant uncertainty and risk.”

As part of its Renewable Energy service, Pike Research’s industry analysts offer timely and actionable market insights, covering specific technology and business sectors as well as overall market conditions and trends.  Research reports include an in-depth examination of business models, technology issues, policy and regulatory factors, the competitive landscape, and market sizing, segmentation and forecasting.

A few of Pike Research’s key forecasts and observations about the emerging renewable energy market include the following:

• More than 150,000 new and replacement wind turbines will be installed worldwide during the period from 2010 to 2020, including more than 40,000 turbines in North America alone.
• Solar photovoltaics (PV) global installed capacity will increase to 86.7 gigawatts (GW) by 2015, a nearly fivefold increase over 2009 levels.
• Ocean energy will face a “make or break” period over the next five years.  More than 300 pilot projects of ocean wave, tidal stream, and other hydrokinetic technologies are currently in the pipeline around the world.
• Renewable Distributed Energy Generation is an important emerging segment of the market, and Pike Research forecasts that global revenues for sub-utility scale solar PV, small wind turbines, and stationary fuel cells will reach $60.6 billion by 2013.

Pike Research’s Renewable Energy Advisory Service focuses on the clean generation and transmission of electrical power using renewable means such as solar, wind, geothermal, and ocean and hydrokinetic technologies.  The service includes access to more than 20 of the firm’s in-depth Research Reports per year, in addition to unlimited Analyst Inquiry access.  Executive Summaries and further information about the Advisory Service are available for free download on Pike Research’s website.

Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets.  The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Clean Transportation, Clean Industry, Corporate Sustainability, and Building Efficiency sectors.  For more information, visit www.pikeresearch.com or call +1.303.953.9765.