Globally, it has already become a multi-billion dollar industry, with very high growth potential which is attracting record investment. Over the last few years, eco-industries in the European Union have grown to such an extent that they have now become a prominent force across the entire European economy. Today they represent about 2.1% of its Gross Domestic Product and account for 3.5 million jobs.
Green Buildings. Buildings are responsible for 40% of Europe’s total carbon-dioxide emissions. Climate Change is the EU’s top priority according to the European Commission and Member States are committed to cutting down on CO2 emissions to meet the Kyoto Protocol targets. Despite all their efforts, Member States keep on wasting a significant proportion of their energy due to inefficiency. Therefore, if the EU is to achieve its targets, reducing energy use in all buildings is essential. According to Frost & Sullivan, if more stringent standards are applied to new buildings and renovations, the EU will achieve a significant cut in greenhouse gas emissions. Unfortunately, any efforts will be in vain if they are not accompanied by a change in consumer behaviour.
Hybrid vehicles. Reducing emissions below 140 g/km of CO2 will be possible mainly with the help of alternative fuels and hybrids (micro, mild and full). While original equipment manufacturers (OEMs) are aware of this fact, further development or market acceptance of these alternative fuels and hybrids is restrained by the distribution network, availability and high implementation costs. According to Frost & Sullivan analysis of the Alternative Fuels and Hybrid Technologies, while advancements in engine technology have helped reduce emissions to an average of 160 g/km, hybrids, ethanol, biofuels, compressed natural gas (CNG), hydrogen and fuel cells are necessary to reduce them further. The main priority of OEMs today is to reduce emissions, which will require the help of local governments and fuel suppliers to promote alternative fuels and hybrids in a cost-effective manner.
Waste Management and Recycling. An estimated 1.3 billion tonnes of waste is generated annually in the EU and this still continues to rise. The overall volume of waste is growing at rates proportional to the economic growth rate of the EU25. Amongst the various streams of waste generated, management of hazardous and municipal waste alone costs the EU an estimated €75 billion annually. This translates to the waste management and recycling industry earning huge revenues that are expected to increase enormously over the next few years. Frost & Sullivan finds that the European Waste Management and Recycling market earns total annual revenues of €100 billion.
As we have seen, the market is growing and investments are accelerating dramatically. To face this new challenge Frost & Sullivan is combining its expertise across four Business Units – Energy, Environment, Chemicals and Automotive – to offer the broadest and fullest coverage of the Green Energy Sector.
“It is clear that this is a period of truly booming growth in the Green Energy sector and this is an issue that is here to stay,” says John Raspin, Frost & Sullivan Energy & Environment Practice Director. “We are seeing double-digit growth in many segments of the market and companies of all shapes and sizes are positioning themselves to exploit the growth opportunities. Frost & Sullivan is uniquely positioned to have analyst teams working across the entire breadth of the Green Energy sector and we are extremely excited to be launching this new offering that pulls all of that expertise together into a single strategic platform.”
If you are interested in receiving more information about our Green Energy Subscription, please send an e-mail to Michael Banks – Corporate Communications at firstname.lastname@example.org with your full name, company name, title, telephone number, e-mail address, city, state and country. All research included in the subscription provides detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.CONTACT:
Michael Banks | Frost & Sullivan
Invasive Insects Cost the World Billions Per Year
04.10.2016 | University of Adelaide
Malaysia's unique freshwater mussels in danger
27.09.2016 | The University of Nottingham Malaysia Campus
Terahertz excitation of selected crystal vibrations leads to an effective magnetic field that drives coherent spin motion
Controlling functional properties by light is one of the grand goals in modern condensed matter physics and materials science. A new study now demonstrates how...
Researchers from the Institute for Quantum Computing (IQC) at the University of Waterloo led the development of a new extensible wiring technique capable of controlling superconducting quantum bits, representing a significant step towards to the realization of a scalable quantum computer.
"The quantum socket is a wiring method that uses three-dimensional wires based on spring-loaded pins to address individual qubits," said Jeremy Béjanin, a PhD...
In a paper in Scientific Reports, a research team at Worcester Polytechnic Institute describes a novel light-activated phenomenon that could become the basis for applications as diverse as microscopic robotic grippers and more efficient solar cells.
A research team at Worcester Polytechnic Institute (WPI) has developed a revolutionary, light-activated semiconductor nanocomposite material that can be used...
By forcefully embedding two silicon atoms in a diamond matrix, Sandia researchers have demonstrated for the first time on a single chip all the components needed to create a quantum bridge to link quantum computers together.
"People have already built small quantum computers," says Sandia researcher Ryan Camacho. "Maybe the first useful one won't be a single giant quantum computer...
COMPAMED has become the leading international marketplace for suppliers of medical manufacturing. The trade fair, which takes place every November and is co-located to MEDICA in Dusseldorf, has been steadily growing over the past years and shows that medical technology remains a rapidly growing market.
In 2016, the joint pavilion by the IVAM Microtechnology Network, the Product Market “High-tech for Medical Devices”, will be located in Hall 8a again and will...
14.10.2016 | Event News
14.10.2016 | Event News
12.10.2016 | Event News
24.10.2016 | Earth Sciences
24.10.2016 | Life Sciences
24.10.2016 | Physics and Astronomy