Cleanteach Trends And Market Reach Email Us: info@hbgknowledge.com What is Clean Technology • Clean Technology can be defined as a process, service, or product that is used to reduce the consumption of natural resources by making use of the efficient energy use such as renewable energy, wind energy, etc. • The technology related to recycling, information technology, green transportation, green chemistry, etc. that is used to improve and protect environmental activities is referred to as clean technology or cleantech. Email Us: info@hbgknowledge.com Market Reach of Clean Technology •The market for clean technology is not as limited to natural resources. There are factors that drive the cleantech market forward every year with respect to the cutting of time and cost and increasing efficiency and productivity. •The accelerating economic growth with the need to gain a clean environment and utilizing the powers such as water and energy in order to be more efficient and effective is driving the market of cleantech. •The demand for the cleantech has driven the market to a billion-dollar market which is still growing. The need for such technologies that help in reducing waste, improves efficiency and reduces the risks has resulted in the demand and growth of the cleantech market. Must Read: Application of Artificial Intelligence in Precision Agriculture •The US alone contributes to the energy that represents an annual $350 billion market. •The fastest-growing market segment in the cleantech market is the clean energy technologies that consist of solar photovoltaics, microturbines, wind power, fuel cells, etc. •As for the highest and the fastest-growing technology sectors of the planet is concerned wind power and photovoltaic are the leaders that are growing more than 30% annually. •However, the most cost-competitive energy source is found to be the new wind power energy that averages US4.5 cents per KWh including construction, operation, and maintenance costs that is less than fossil fuel-powered plants. Email Us: info@hbgknowledge.com Trends In Cleantech Industry Hydrogen as a Pro • • The elements and trends might be a lot but hydrogen provides long-lasting energy storage. Not just that, it even provides widespread reach that helps in accelerating the wind and solar development power. Another pro-tip of this trend i.e. Hydrogen is that it emits zero fuel providing unlimited applications to industries. These factors are increasing the use of hydrogen in the transportation and energy storage sectors Hydrogen Storage energy Automobile and electric vehicle Industry Email Us: info@hbgknowledge.com Storage energy • The elements and trends might be a lot but hydrogen provides longlasting energy storage. Not just that, it even provides widespread reach that helps in accelerating the wind and solar development power. • Another pro-tip of this trend i.e. Hydrogen is that it emits zero fuel providing unlimited applications to industries. These factors are increasing the use of hydrogen in the transportation and energy storage sectors Email Us: info@hbgknowledge.com Automobile and electric vehicle Industry • The elements and trends might be a lot but hydrogen provides long-lasting energy storage. Not just that, it even provides widespread reach that helps in accelerating the wind and solar development power. • Another pro-tip of this trend i.e. Hydrogen is that it emits zero fuel providing unlimited applications to industries. These factors are increasing the use of hydrogen in the transportation and energy storage sectors Email Us: info@hbgknowledge.com Key Trends in India Skill Development • The growth of solar and wind energy is estimated to provide over 0.3 million jobs in 2020 along with skilled manpower and trained workers in line. Skill Development Decentralized solar power • With the demand for electricty in every part of India, be it small or large, few of the companies related to the cleantech are utilizing standardized packages to provide the slums and rural areas to shift from kerosene to solar power. Green Energy Corridor • Decentralized Solar Power Green Energy Corridor With the implementation of the green corridor projects, the focus is to enhance the sector framework for renewable energies’ grid integration with conventional power grids. Email Us: info@hbgknowledge.com Challenges Faced by Cleantech • With the best of the cleantech trends and opportunities, it is quite challenging to reduce the consumption of natural resources Cost of development • The major challenge in the cleantech sector the renewable energy development’s high cost of installation as well as harnessing solar and wind energy. Not just this, the complete plan, installation, and development is far ahead of just the installation cost. • Cost Of Development Reliable Renewable Sources Reliable renewable sources • The unreliable effect of the renewable sources that range from solar and wind creates a barrier in the smooth investment plan and procedure. Sources such as these are not unlimited and have only a limited capacity to reach only some portions of the population. Email Us: info@hbgknowledge.com About Us • High Beam Global is a full-service Market Research Firm in India, dedicated to delivering quality performance by matching the right need with the correct solution. We partner with clients in all sectors and regions to offer world-class data collection, reporting, and analytics solutions. • Our service offerings include multi-mode Data Collection (both quantitative and qualitative techniques), Survey Programming & Hosting, Data Processing, and Analytics. High Beam Global combines a client-focused approach with robust project management to offer a unique experience to its clients. With our rich experience in industries like Healthcare, Information Technology, and Industrial Products (to name a few), High Beam Global helps its clients to provide quality insights on targeted and potential markets, brand health, consumer preferences, and other market dynamics. • After delivering over 800 successful projects in the last 9 years, High Beam Global has emerged as a strong and reliable partner for companies ranging from boutique research agencies, management consulting firms, market research firms, and other industrial corporations, globally. Email Us: info@hbgknowledge.com https://www.facebook.com/h bgknowledge/ https://twitter.com/hbgkno wledgehub https://www.hbgknowledge.com https://www.linkedin.com/company/high-beamglobal/
