DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/cw3lll/global_renewable) has announced the addition of the "Global Renewable Energy Market in Military 2014-2018" report to their offering.
The analysts forecast the Global Renewable Energy market in the Military to grow at a CAGR of 13.99 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increased adoption of de-centralized power generation. The Global Renewable Energy market in Military has also been witnessing the increase in construction of smart grids. However, the comparative low generation capacity could pose a challenge to the growth of this market.
Key vendors dominating this space are Acciona Solar Power Inc., BAE Systems plc, The Boeing Co., General Dynamics Corp., and GE Co.
Other vendors mentioned in the report are Kellogg, Brown and Root Inc., L-3 Communications Holdings Inc., Lockheed Martin Corp., Northrop Grumman Corp., Science Applications International Corp., Clark Energy Group, Bechtel Corp., General Atomics Inc., Honeywell International, Oshkosh Corp., Protonex Technology Corp., SolarCity Corp., and SunPower Corp.
Commenting on the report, an analyst from the team said: Smart grid investment worldwide is estimated to amount to about US$200 billion by 2015. The emergence of smart grids is currently facilitating the growth of the Global Renewable Energy market in the Military sector. Various Chinese players are investing heavily in the Smart Grid industry to integrate the power generated by fossil fuel sources with that generated by renewable energy sources. Japan, too, is investing in smart grid technology to upgrade its power infrastructure.
The country has started upgrading its power transmission lines as part of its plan to encourage its Smart Grid industry. Similarly, Korea is investing in the IT and Communication sector of the Smart Grid industry to enhance its growth in the country, with plans to also export the technology. The Smart Grid industry, which is developing rapidly, involves activities that integrate renewable energy into the power grid, and is in turn increasing growth of the Global Renewable Energy market in the Military sector.
For more information visit http://www.researchandmarkets.com/research/cw3lll/global_renewable
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