Clean Technology Market in Developing Countries 2015-2019
About clean technology
Clean technology refers to products, procedures, processes, and services that minimize the use of non-renewable resources; optimally utilize resources; reduce costs, waste, and pollution; and lead to sustainable development. Clean technologies include utilization of renewable energy sources, such as wind, solar, hydro, and geothermal, as well as low-carbon fuels; water management and recycling technologies; waste management techniques; and environmentally friendly buildings and transportation. The concept of clean technology is attracting the attention of governments, private investors, and businesses in both developed and developing countries worldwide.
Technavio's analysts forecast the clean technology market in developing countries to grow at a CAGR of 11.58% over the period 2014-2019.
Covered in this report
Technavio's report, Clean Technology Market in Developing Countries 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape of the clean technology market in developing countries and its growth prospects in the coming years. The report also includes segmentation based on clean technology sectors and geography. The report also includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Clean Technology Market in Developing Countries 2015-2019
Technavio recognizes the following companies as the key players in the Clean Technology Market in Developing Countries: Novozymes A/S, Siemens Water Technologies Corp., Suez Environment Co. SA, Suzlon Energy Ltd., Syntec Biofuels Inc., Toyota Motor Corp., Trina Solar Ltd., Vestas Wind Energy Systems A/S and Yingli Green Energy Holdings Co. Ltd
Other Prominent Vendors in the market are: AESE, Alstom, DuPont, Enercon, First Solar, Gamesa, GE Energy, LanzaTech, Panasonic, Rumpke, Solazyme, SunPower, Veolia Environment and Waste Management
Commenting on the report, an analyst from Technavio’s team said: “With the increase in GHG emissions and the increase in environmental concerns, several developing countries are slowly adopting low carbon and sustainable power generation. Developing countries such as India, China, South Korea, Kenya, and Brazil are investing heavily in the deployment of clean energy technologies such as wind power, solar power, smart grids, biofuels, and low carbon transportation.”
According to the report, the rapid adoption of clean technologies is driven by the wide spread of global warming that has led to climate change across the world. The threat of climate change is attributed to the accumulation of GHGs resulting from increased urbanization and industrialization and excessive use of fossil fuels.
Further, the report states that the high upfront costs associated with the purchase and installation of clean technologies are a major barrier to the growth of this market. Deployment of low carbon technologies requires heavy capital expenditure; therefore, it is beyond the reach of several developing countries.