12 Mar '12, 1am

Pike Research Thinks Cleantech is Booming

Is the cleantech boom about to go bust? If you read this article in Wired Magazine by Juliet Eilperin, you might come away with that conclusion. If so, you’d be wrong. To the contrary, an article at Forbes Magazine by “cleantech market intelligence” firm Pike Research editorial director Richard Martin comes to the completely opposite conclusion. Our January 10 webinar,“The Year Ahead in Cleantech,” included a forecast for combined revenue across the industries and technologies covered in our smart energy practice – biopower, energy storage services, distributed solar, wind energy, geothermal, etc. – at nearly $300 billion. By way of comparison, the global automotive industry, which has been in business for about 120 years, generated $1.7 trillion in revenue in 2010 – less than six times the smart energy industries, which are less than 40 years old. Growth rates in 2012 wil...

Full article: http://www.solarfeeds.com/pike-research-thinks-cleantech-...

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