According to a new market research report,global solar energy market will grow from around $39.6 billion in 2011 to $75.2 billion in 2016 with a compound annual growth rate of 13.7% during the same period.
According to the new market research report ‘Global Renewable Energy Market Outlook (2008 – 2015), , the global renewable energy market is expected to reach a size of $614.92 billion by 2015 at a CAGR of 7.5% from 2010-2015.
The permanent magnet market is growing at a significant pace mainly due to rise in the demand for rare earth permanent magnets coupled with technological advancement as well as derogation in permanent magnet’s market segments.
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