The U.S. Market for Clean Technologies

February 11, 2009

Wellesley, Mass—According to a new technical market research report, THE U.S. MARKET FOR CLEAN TECHNOLOGIES (ENV011A) from BCC Research (www.bccresearch.com), the U.S. market for clean technologies was worth $57.8 billion in 2008. This is expected to increase to $88.6 billion in 2013, for a compound annual growth rate (CAGR) of 8.9%.

The market is divided into application segments for clean energy, clean transportation, clean buildings and other clean technologies. Of these, the clean energy segment has the largest share of the market, with nearly $26.0 billion in revenues in 2008. This is slated to increase to $30.7 billion in 2013, for a CAGR of 3.4%. The clean energy segment includes renewable energy, energy storage, transmission and distribution, and fuel cells.

Clean buildings are the second largest segment, with sales exceeding $19.6 billion in 2008. This should increase to almost $28.2 billion in 2013, for a CAGR of 7.5%. This segment includes clean building materials and lighting systems.

The clean transportation segment has the third largest share of the market, worth $7.0 billion in 2008. This segment should reach $16.7 billion in 2013, for a CAGR of 18.9%.

Other clean technologies are expected to see the most robust growth of any segment. This segment should increase from $5.2 billion in 2008 to almost $13.0 billion in 2013, for a CAGR of 20.1%.

To Contact us, click here  

Clean technology, or cleantech, refers to technologies that use energy, water and raw materials and other inputs more efficiently and productively, or create less waste and toxicity than other applicable technologies. Cleantech is based on the premise that new technologies can be harnessed to give producers and users financial and economic incentives to use resources and the environment responsibly, by delivering equal or superior performance at a net increase in income.

Clean technologies complement both government environmental regulations and also public education about conservation of resources. They preserve at least some of the buyer’s freedom of choice, while reinforcing the buyer’s sense of what is socially responsible with concrete incentives to act on that awareness.

The U.S. Market for Clean Technologies( ENV011A )
Publish Date: Feb 2009    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.