San Francisco, California, July 27, 2018: The global market for renewable energy policy FiT market is the focus of analysis of market research report by TMR Research. The report, titled “Renewable Energy Policy FiT Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025” presents a detailed market intelligence regarding the future growth perspective of the market.
The increased attention on reducing air pollution, controlling emission of carbon, and eliminating the use of fossil fuels have brought attention to renewable energy technologies in the market. Governments are undertaking renewable energy targets as compulsory tasks to generate maximum electricity from renewable energy sources. These reasons are likely to boost the market during the forecast period.
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On the flipside, initial cost of setup and expensive process of installation of renewable energy might curb the growth of market in the future to come. The other obstacles are macroeconomic conditions, grid constrains and regulatory barriers. Various companies in this market are likely to be affected by these factors.
The segments of renewable energy policy FiT market according to technology are solar energy, geothermal energy and bio energy. Solar energy is one of the renewable energy sources that will account to be very promising technology in the future. China became the major country in installing the solar photovoltaic (PV), in 2015. This was followed by U.S and Brazil adopting geothermal and bio energy technologies.
The geographical segment of renewable energy sources are Asia Pacific, Europe, North America and RoW (Rest of the World). Among them Asia Pacific will be witnessing significant growth in the market during the forecast period due to developing countries like Japan, China and India generating demand for renewable energy in the market by adopting net metering, feed in tariff and tax credit by the government.
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Some of the leading companies in the market are First Solar. Inc, Borea Construction ULC, Hanwha Q Cells GmbH, Black & Veatch Holding, Areva, JUWI AG., Gamesha Corporation, Mannvit, Mortenson Company, Martifier Solar, Prenecon S.A., Ormat Technologies Inc., AMEC Foster Wheeler PLC, Suzlon Energy and Sunedison Inc.,