Study shows promising growth in global clean technology marketSeptember 18, 2012
New research highlights future growth of clean technology market
New research commissioned by the German government highlights a promising future for the global clean technology market. The research comes from Roland Berger Strategy Consultants and suggests that Germany could see major economic gain from the growth of the clean technology market. Clean technology is seeing a great deal of growth because of the interest countries and industries are showing in alternative energy. Alternative energy itself is often characterized as having positive economic potential. As more countries adopt alternative energy systems, the demand that the clean technology market sees grows exponentially, leading to the development of more efficient and powerful alternative energy systems.
Clean technology market expected to reach $4 trillion by 2020
According to the research, the global clean technology market is currently worth more than $2.6 trillion annually. Researchers expect that the market will be worth twice as much by 2020. Study suggests that the clean technology market has experienced an average yearly growth of 12% since 2007, a trend that is expected to continue well into the future. Notably, the economic crisis that gripped the U.S. and much of the rest of the world in 2008 as well as the ongoing financial crisis gripping Europe at present have not had a negative effect on the clean technology market.
Research shows Germany stands to see major benefits from market growth
According to the research, Germany accounts for 15% of the global clean technology market. The country holds the largest share of the market by far. Researchers suggest that the country will see more growth in its own clean technology sector than any other country in the world. Much of the country’s current and future success is being attributed to its clear and concise vision concerning alternative energy and sustainability.
Clean technology in Germany could lead to economic prosperity
Germany has emerged as a leader in both alternative energy and sustainability, having embraced various forms of clean energy and climate regulations. Due to the country’s focus on alternative energy, the development of clean technology has received a great deal of support. Researchers suggest that the growth the clean technology market sees will have a larger impact on the German economy as a whole.