July 07, 2011
Wellesley, Mass. – In a recent release, GREEN TECHNOLOGIES AND GLOBAL MARKETS (ENV012A) from BCC Research (www.bccresearch.com), the global market for green technology was worth $200 billion in 2010. That value is projected to be $312 billion in 2015, after increasing at a five-year compound annual growth rate (CAGR) of 9.2%.
The global market for green technologies can be broken down by technology into nine segments – combined heat and power, windows, insulation, hybrid vehicles, waste-to-energy, lighting, ground-source heat pumps, biomass, and smart meters.
The segment made up of combined heat and power was valued at $60 billion in 2010, and in 2015 should be worth $90 billion, yielding a CAGR of 8.4%.
The segment made up of windows, worth $35.5 billion in 2010, should rise to $44.7 billion in 2015, a CAGR of 4.7%.
The insulation segment was worth $30 billion in 2010 and in 2015 should be worth $38.5 billion, a CAGR of 5.1%.
The segment made up of hybrid vehicles was valued at $23.2 billion in 2010 and in 2015 should be worth $48.7 billion, a CAGR of 16%.
The waste-to-energy segment, worth $22.3 billion in 2010, should be worth $29.9 billion in 2015, a CAGR of 6%.
The lighting segment, worth $13.2 billion in 2010, should be worth $32.9 billion in 2015, a CAGR of 20%.
The segment made up of ground-source heat pumps was valued at $7.6 billion in 2010 and in 2015 should be worth $12.8 billion, a CAGR of 11%.
The biomass segment, worth $6.9 billion in 2010, should be worth $9.7 billion in 2015, a CAGR of 7%.
The segment made up of smart meters was valued at $1.8 billion in 2010 and in 2015 should be worth $4.5 billion, a CAGR of 20.1%.
Green technology is often referred to as energy efficiency, defined as an energy converting device undergoing a technological change that enables it to provide the same service while using less energy. Energy efficiency is viewed as a resource option just like coal, oil or natural gas, and provides additional economic value by preserving the resource base and reducing pollution.
The world market for energy is variously estimated at around $5 trillion for 2009. This report estimates that, using current technology and working on specific projects that would save the end users money on the energy they consume, about $1.7 trillion of that could be eliminated through energy efficiency and conservation. The capital costs of installing this equipment are not trivial, however, and more importantly would involve the retiring of significant amounts of plant and equipment before the end of their normal lifespan, so this will not happen quickly.
This report is intended for professionals working in the energy and environmental fields, and is not overly technical in nature, thus scientists and engineers may find it useful, but executive management, marketing professionals, financial analysts, government agencies, and other public policy interest groups also should find it useful.
Green Technologies and Global Markets( ENV012A )
Publish Date: Jan 2011
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