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Global Marine Energy Market Analysis to 2020 - Capacity, Generation, Regulation and Market Share Ana
Global Marine Energy Market Analysis to 2020 - Capacity, Generation, Regulation and Market Share Ana
Global Energy Industry-The population of the world has been increasing at a rapid pace in the last few decades and this has lead to an increase in demand for a number of resources like water, food and energy
Hyderabad,
AP,
India
(prbd.net)
29/07/2010
"Global Marine Energy Market Analysis to 2020 - Capacity, Generation, Regulation and Market Share Analysis"
The population of the world has been increasing at a rapid pace in the last few decades and this has lead to an increase in demand for a number of resources like water, food and energy. The population of the world doubled from 3.2 billion in 1962 to 6.4 billion in 2005 and is forecast to reach 9.2 billion in 2050. Natural resources such as coal, oil and gas are fast depleting and the fear of climate change is putting pressure on the energy sector to move away from non-renewable sources for producing energy and concentrate on renewable sources to meet energy demands.
The energy industry is facing challenging times, meeting energy demands in the face of depleting natural resources while simultaneously reducing carbon emissions. This is coupled with the slow pace of technological innovation in renewable energy and the political instability of oil and gas producing nations.
The total world energy consumption stood at 9,323 Mtoe in 2001 and it rose to 11,484 Mtoe in 2009. The figure below gives the global energy consumption in Mtoe from 2001 to 2030.
Renewable energy is the energy that is produced from natural resources. The sources include sunlight, wind, rain, tides and geothermal heat, among others. Main types of renewable energy:
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The energy present in water can be harnessed to produce power. Water is 800 times denser than air so even a slow flowing stream of water can be used to generate power. The various forms include: Hydroelectric energy, which is the term used for large dams. Micro hydro systems are much smaller projects and typically produce 100kW of power. The total global installed capacity of hydropower stands at 888.8GW for 2009.
Plants capture the energy from the sun by a process called photosynthesis. When these plants are burned they release the energy that is stored in them. Hence it is a renewable form of energy. There are two methods of harnessing this energy, firstly by burning plants that are specifically grown for this purpose and secondly by burning the residues of the plants that are used for other purposes. The total global installed biomass power capacity in 2009 is 49.6 GW.
Oceans have a huge potential to act as energy resources. It is estimated that harnessing a fraction of ocean energy can solve the world’s energy needs. There are a number of potential sites spread across the globe which are favorable sites for ocean power. The western coasts of the US and the UK have conditions favorable for wave and tidal energies. The governments of various nations have realized the potential of this energy and are now making efforts for the development of this sector. The UK, especially Scotland, is leading the race by introducing lot of programs and supporting various ocean energy companies.
The growing focus on renewable power has resulted in growing investment in various technologies and one of them is the marine technology. Though still in a very nascent stage, the market holds the potential to become a big one in the coming years.
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