Global Warming Opening Huge Markets For Less Destructive New
Energy ProductionTechnologies, Says ABI
OYSTER BAY, N.Y., Jan. 26 /PRNewswire/ -- With global warming
now perceived by most governments and corporations as a real
threat, a new generation of electricity production technology promises
to quell the tide of destruction. Fossil fuel-based power plants have
been found to produce a third of the gases creating the greenhouse
effect, causing a continuous rise in our planet's temperature.
As many turn to new energy technologies, the electrical generation
equipment market has become a global industry which could surpass
$100 billion annually within a decade, according to a new study by
Allied Business Intelligence. The study, "Distributed Generation: The
Evolving Markets for Energy Production Technologies" will be available
in February.
The report examines the rise to dominance of gas turbines,
supplemented in smaller power plants by reciprocating engines.
Wind turbines, scorned for years as a federally subsidized failed
technology, are on a vigorous rebound. Sales now exceed $2 billion
and are growing 40 percent a year.
Solar cells are finally getting close to being competitive. European,
Japanese and US governments are heavily subsidizing the growth of
their indigenous photovoltaics companies through purchases, tax
credits, and research subsidies.
Fuel cells can convert any fuel that contains large quantities of
hydrogen directly into electricity. The technology's emissions are
nearly the same as those from gas turbines. Companies in Japan,
Europe, and the US are readying production lines to satisfy fuel cell
markets worth several billion dollars annually within ten years.
As signees to the Kyoto Protocol have chosen to move forward with
the environmentally-friendly energy technologies, many other nations
have found it prudent to do so as well. The goal is to build energy
supply systems that won't leave a legacy of future ruin while trying to
achieve a high profit margin.
Allied Business Intelligence, Inc. is an Oyster Bay, NY-based
technology research think-tank specializing in communications and
emerging technology markets. ABI publishes strategic research on the
broadband, wireless, electronics, automation, energy and
transportation industries. Details of these studies can be found at
www.alliedworld.com. Or call 516-624-3113 for more info.
SOURCE Allied Business Intelligence, Inc.
CO: Allied Business Intelligence, Inc. |
