Among other things, the report predicts that the three major clean energy markets - solar PV, wind, and fuel cells - will expand into a $100B industry over the next decade. In particular, Clean Edge research suggests that solar PV (modules, system components, and installation) will grow from $7.2 billion in 2004 (compared to $4.7 billion in 2003) to $39.2 billion by 2014; wind power installations will expand from $8 billion in 2004 (about the same as 2003) to $48.1 billion in 2014; and fuel cells and distributed hydrogen will grow from $900 million (primarily for research contracts and demonstration and test units) to $15.1 billion.
The report's authors also identify five "trends to watch" in the clean energy markets, including:
- an explosive growth in the biomass fuels industry;
- a boom in the energy efficiency industry as energy prices continue to increase;
- an increase in the use of concentrated solar power (CSP) as a source of large-scale power production;
- the emergence of hydrogen infrastructure; and
- an increased interest in green building design, spurred on by LEED (Leadership in Energy and Environmental Design) standards.