San Francisco, California, May 11, 2017 : The escalating need to reduce dependency on depleting energy resources is prompting a number of governments in developed and emerging nations to mandate power producers to generate a portion of energy themselves via renewable means. This is the primary factor driving the demand for Feed-in-Tariff (FiT), which is a performance-based incentive policy pertaining to renewable energy. According to a report from TMR Research, titled “Renewable Energy Policy FiT Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” the demand will be surging at a rapid rate until 2025.
The TMR Research report has been prepared to act as a credible business document for stakeholders of this market such as renewable energy engineering, procurement, and construction (EPC) firms, power producers, consulting companies of the energy and power sector, government officials, and investment banks. This report on the global renewable energy policy FiT market provides detailed analysis of all the factors that may influence the demand in the near future, estimates the lucrativeness of various segments of the market, and provides detailed information on some of the leading companies currently operating in this market. The report also identifies the key renewable energy projects across the world, especially those with major technologies.
The report observes that apart from government mandates, the demand in the global renewable energy policy FiT market is gaining traction from growing awareness pertaining to global warming. Renewable energy is clean, and investors are now willing to pay for long-term benefits, although high cost of installation continues to hinder the market from achieving its full potential.
Based on technology, the global renewable energy policy FiT market can be segmented into solar, wind, bio energy, and geothermal. Geographically, the report evaluates the opportunities available in every important region such as North America, Asia Pacific, Europe, and the Middle East and Africa. The U.S., the U.K., Canada, India, Japan, China, France, Germany, and Brazil are some of the key countries identified by the report in this market.
Some of the leading companies currently functional in the global renewable energy policy FiT market are First Solar, Inc, Borea Construction ULC, Hanwha Q Cells GmbH, Gamesa Corporation, Areva, Black & Veatch Holding, JUWI AG., Mannvit, Martifier Solar, M.A. Mortenson Company, Ormat Technologies Inc., Sunedison Inc., Prenecon S.A., Suzlon Energy, and AMEC Foster Wheeler PLC. There is plenty of fodder available for each of these companies across various countries, although growing awareness about the benefits of renewable energy despite the high cost remains the primary focus, apart from developing cheaper and more adoptable technology.