Companies across industry verticals have been dedicating resources in integrating green technologies with their operations in order to enable cost savings, improve operational efficiency, lower their impact on the environment, and adhere to various legislative compliances. Transparency Market Research notes that most industries have been increasingly implementing green technology measures such as waste management, energy efficiency in business and manufacturing units, recycling, and use of renewable energy.
In a report titled “Green Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015–2023”, TMR offers a detail understanding of where the market currently stands and its trajectory in the coming years. In addition to the aforementioned measures, the concepts of green efficiency, green buildings, green nanotechnology, green manufacturing, and green transportation are also gaining prominence.
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The benefits of green technologies are not lost on large and small companies and the urgent need to reduce carbon emissions has compelled organizations around the world to employ these technologies in as many functions as possible. The report highlights the key factors boosting the uptake of green technologies and analyzed their impact on the overall market. The major hurdles in the path of expansion have also identified along with recommendations on how to overcome them.
The ongoing shift toward digital and paperless transactions is one of the key factors driving the green technologies market. In addition to this, expanding budgets for green and clean technologies and growing support from governments across the globe have contributed toward the development of this market. Public and private organizations have lent their support in this endeavor and a case in point would be Shell Canada. In December 2015, the company’s Quest Climate Grant program awarded seven entrepreneurs over US$37,000 for their contribution toward countering climate change.
In contrast, financial and technical challenges in integrating green technologies with existing systems, processes, and norms are likely to act as deterrents on the growth of the global market.
The report identifies the prominent players competing in the global green technologies market. Companies operating at an international as well as regional and local level have been studied and their strengths, weaknesses, opportunities, and threats have been analyzed at length. The vendor landscape has also been scrutinized to understand the bargaining power of buyers and suppliers, to threat posed by new entrants and substitutes, and the degree of competitive spirit among the players.
Aleo Solar, Gamesa, Nissan, Suzlon, Clean Power Investor, General Electric, First Solar, Panasonic, Siemens, and Sharp Solar are some of the companies making a notable contribution toward the growth of the green technologies market. An increase in strategic collaborations has been noted by industry experts, which is sure to augur well for the global market.
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