Advertisement

Advertisement

Green-Tech Companies Harness Higher Sales

Mar 15, 2007
generic image

Advertisement

Advertisement

Advertisement

Advertisement

You're reading an older article from ELECTRICAL CONTRACTOR. Some content, such as code-related information, may be outdated. Visit our homepage to view the most up-to-date articles.

According to the San Francisco Chronicle, companies that specialize in green energy saw sales increase as a whole by almost 39 percent last year to $55.4 billion worldwide, according to a new report by Clean Edge, which estimates  the market will grow even further to $226.5 billion within 10 years.

"It's still in the early stages, and the transition will take decades. But we're at the point where it's moving out of the niches and into the mainstream markets," said Ron Pernick, Clean Edge co-founder and principal.

Slightly more than $2 billion in venture capital was poured into the alternative energy industry last year, according to the report, less than the $2.9 billion commonly quoted by industry analysts. Possibly obstructing future growth are rising costs for production and materials, a drop in fossil-fuel prices and regulatory changes. The report revealed the market for biofuels was valued at $20.5 billion last year and could increase to more than $80 billion within a decade.

Sales for the solar power industry totaled $15.6 billion and are predicted to increase to $69.3 billion within a decade, while wind-power, which generated $17.9 billion in sales last year, could become a $60.8 billion market.

 

Advertisement

Advertisement

Advertisement

Advertisement

featured Video

;

Advantages of Advertising with ELECTRICAL CONTRACTOR in 2025

Learn about the benefits of advertising with Electrical Contractor Media Group in 2025. 

Advertisement

Related Articles

Advertisement