Green Technologies Market Segment Forecasts up to 2023
Green technology is a technology that is eco-friendly, developed and used without disturbing our natural resources and environment. Green Technology due to its generation method is considered eco-friendly and produce non-toxic product. Green Technology refers to products, equipment or systems which satisfy the following criteria: it should minimize the environmental degradation, zero or low Greenhouse emission, Conserve use of natural resource, and promotes use of renewable energy resources.Energy produced using green technology is less harmful to environment than using traditional ways to generate using oil and coal. Green technologies encircles different ways of technology which helps to reduce human impact on the environment and prepares ways of economic sustainability and feasibility, Social equitability and Sustainable development for green technologies. Some of the Goals of Green Technology are Source reduction – change in production and consumption pattern to reduce the waste and pollutant, Sustainability –To meet the present need without compromising needs of future generation, “Cradle to cradle” design – To create products that can be re-used and re-claimed, Innovation –To develop alternates to technology which can reduce damage health and environmental pollution, Viability – To manufacture and develop product that can be eco-friendly to environment.
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World economy major concern is to reduce the carbon emission and control the temperature change, which can be controlled shifting to green technologies such as Green manufacturing, energy efficiency ,Green buildings, clean fuel, fuel efficient transportation, waste recycling, Etc. Green Technology can be broadly used in energy production, green chemistry, Green Building construction, Waste treatment, Green Nanotechnology etc. It will play a decisive role in ecological balancing and reduce the global warming.Reduction in environmental pollution can reduce the global warming and greenhouse effects. Green building encloses all from location to material used for construction of building. Energy being the most crucial issue in green technology so it focuses on different way to develop alternative form of energy reducing the dependency on resources like oil, coal etc. Solar power has shown a tremendous growth and aim to achieve maximum solar installed capacity and use green technology in industries Green chemistryenclose in development, inventionand application in chemical process to eliminate or reduce production and use of harmful substance.Green nanotechnology include manipulation at nanometer level which leads to change in production pattern of product.
Globally many developed countries has started encouraging green technology in industry. Billions being invested in new solar, biomass and wind plants. Wind developers has alreadystarted practicing green technology countries like China, US and parts of Europe. Standards and regulations to encourage green technology is promoted by several government agencies. Consumer all over the globe as well as manufacturers are focusing on green technology that can be used to their product. Green vehicle will be the norm in upcoming future and hybrid vehicle will be in demand. Global investment in green technology increased by almost 17% in 2014, China has invested heavily on renewable energy in last few years closely followed by Japan and United States.China, India, Malaysia, Pakistan, Philippines, Thailand and Vietnam are few countries who have achieved success in exporting the green technology.
Some of the factors that drives the green technology market depends on demographic change, increased environmental awareness, International Agreement, Globalization, urbanization, scarcity of natural resources, economic control and climate change. Green technology such as solar and wind are dependent on climate so weather extreme can be a restraint for such technology. Insufficient knowledge of environmental technology globally is another restraint.
Some of the major players in green technology are General Electric, Siemens,Nissan, Aleo Solar,Panasonic, Clean Power Investor, Suzlon , Gamesa, Sharp solar, First Solar.etc.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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