The total global market for advanced materials and devices for renewable energy systems was worth almost $2.4 billion by the end of 2006, according to a report from BCC Research. At a compound annual growth rate (CAGR) of 25.8%, the market could be worth almost $7.5 billion by 2011.

Solar photovoltaic devices, worth $1.2 billion in 2006, hold the highest share of the market throughout the forecast period, comprising 55.1% of the total global market. By the end of 2011 they will be worth more than $4.9 billion.