Third Generation Energy Sources Market Size, Share, Opportunities And Trends By Type (Ocean Energy, Advanced Biomass Gasification, Hard-dry-rock Geothermal Power) And By Geography - Forecasts From 2019 To 2024

Published:  Mar 2020 Report Code: KSI061612606 Pages: 91

The third generation renewable energy sources market is expected to grow at a steady decent rate during the forecast period from 2019 to 2024. The evolution of renewable energy has witnessed the deployment of three generations of technologies spanning across the last 100 years. First-generation technologies, which include hydroelectricity, geothermal power and biomass, have already reached market saturation. Second-generation technologies, which are being currently deployed, include photovoltaic, wind power, solar heating, solar thermal power stations and modern variants of bio-energy. Third-generation renewable energy sources include ocean energy, hot-dry-rock geothermal power and advanced biomass gasification and these technologies are currently at the development stage, requiring continuous R&D in order to reach worldwide scalability and economic efficiency. With global emphasis on reduction of carbon footprint and greenhouse gas emissions, all major economies are heavily investing on renewable energy. Third generation energy market is expected to be more lucrative for long-term investments, as this new technology in a highly fluctuating energy market poses significant short-term risks that the investors need to be cautious about. In the long term, however, this industry appears to show a steady growth rate.

DRIVERS

  • Rapidly increasing global acceptance of climate change and the need for energy sustainability forcing governments to invest in renewable energy sources.
  • Investments in renewable energy sources have been increasing fast with their use growing significantly. In 2015, investment in renewable energy exceeded fossils.

RESTRAINTS

  • Political inaction towards clean-energy economy along with fossil fuel lobby
  • Large up-front investment and fixed costs needed with long-term profitability and short-term risks.

RECENT DEVELOPMENTS

  • A report by International Renewable Energy Agency shows that renewable energy now accounts for one-third of all global power capacity.
  • African Development Bank to boost green energy funding, committing $25 Billion in new climate financing between 2020 and 2025.
  • Francesco La Camera, the new Director-General of International Renewable Energy Agency (IRENA) said, “As Director-General of IRENA, I will work tirelessly with all IRENA Members, stakeholders and partners to support the transition to a sustainable energy future.”
  • The U.S. Department of Energy will provide up to $10 million in funding to establish a new testing program for marine energy technologies

Segmentation

The Third Generation Energy Sources Market has been analyzed through the following segments:

  • By Type
    • Ocean energy
    • Advanced biomass gasification
    • Hard-dry-rock geothermal power
  • By Geography
    • North America
      • USA
      • Canada
      • Others
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • United Kingdom
      • France
      • Others
    • Middle East and Africa
      • Israel
      • UAE
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • South Korea
      • Japan
      • India
      • Others

1.    INTRODUCTION

1.1.    Market Overview

1.2.    Market Definition

1.3.    Scope of the Study

1.4.    Currency

1.5.    Assumptions

1.6.    Base, and Forecast Years Timeline

2.    RESEARCH METHODOLOGY  

2.1.    Research Design

2.2.    Secondary Sources

3.    EXECUTIVE SUMMARY

4.    MARKET DYNAMICS

4.1.    Market Segmentation

4.2.    Market Drivers

4.3.    Market Restraints

4.4.    Market Opportunities

4.5.    Porter’s Five Force Analysis

4.5.1.    Bargaining Power of Suppliers

4.5.2.    Bargaining Power of Buyers

4.5.3.    Threat of New Entrants

4.5.4.    Threat of Substitutes

4.5.5.    Competitive Rivalry in the Industry

4.6.    Life Cycle Analysis - Regional Snapshot

4.7.    Market Attractiveness

5.    THIRD GENERATION ENERGY SOURCES MARKET BY TYPE

5.1.    Ocean Energy

5.2.    Advanced Biomas Gasification

5.3.    Hard-dry-rock Geothermal Power

6.    THIRD GENERATION ENERGY SOURCES MARKET BY GEOGRAPHY

6.1.    North America

6.1.1.    USA

6.1.2.    Canada

6.1.3.    Others

6.2.    South America

6.2.1.    Brazil

6.2.2.    Argentina

6.2.3.    Others

6.3.    Europe

6.3.1.    Germany

6.3.2.    United Kingdom

6.3.3.    France

6.3.4.    Others

6.4.    Middle East and Africa

6.4.1.    Israel

6.4.2.    UAE

6.4.3.    Saudi Arabia

6.4.4.    Others

6.5.    Asia Pacific

6.5.1.    China

6.5.2.    South Korea

6.5.3.    Japan

6.5.4.    India

6.5.5.    Others

7.    COMPETITIVE INTELLIGENCE

7.1.     Company Benchmarking and Analysis

7.2.     Recent Investment and Deals

7.3.    Strategies of Key Players

8.    COMPANY PROFILES

8.1.    Atlantica Yield PLC (not)

8.2.    Vestas Wind Systems A/S (not)

8.3.    Enel

8.4.    Orsted

8.5.    Crop Energies AG

8.6.    Electrobras

8.7.    Ocean Power Technologies

8.8.    Oceanlinx

8.9.    Wave Energy Scotland (WES)

LIST OF FIGURES

LIST OF TABLES

Atlantica Yield PLC (not)

Vestas Wind Systems A/S (not)

Enel

Orsted

Crop Energies AG

Electrobras

Ocean Power Technologies

Oceanlinx

Wave Energy Scotland (WES)

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