The report says Brazil's renewable energy sector crated revenues of $92.1 billion in 2012. This was followed by China, India and Russia with a value of $90.1, $21.4, and $7.0 billion, respectively.
In economics, "BRIC" is a grouping acronym that refers to the countries of Brazil, Russia, India and China, which are all deemed to be at a similar stage of newly advanced economic development.
All are enjoying dynamic growth in their respective energy sectors. Together, their renewable energy activities had a total market value of $210.6 billion in 2012, Fast Market Research said.
China was the fastest growing country with a CAGR of 12.8% over the 2008-12 period.
China is also expected to lead the renewable energy industry in the BRIC nations with a value of $165.8 billion in 2017, followed by Brazil, India, Russia with expected values of $106.9, $35.9 and $8.9 billion, respectively.
Fast Market Research's new BRIC Renewable Energy industry guide is intended to provide top-line qualitative and quantitative summary information including: market size (value and volume , and forecast to 2017). T
he guide also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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