Published on : Jul 13, 2016
ALBANY, New York, July 13, 2016: The advent of information technology, software industries, and e-commerce has introduced many changes in the way organizations operate. Many tech companies spend a considerable amount of time and money to add clean technology amenities in their business procedures. As Amazon announced the inauguration of its new domes for clean technology in Seattle by 2018, it created an optimistic environment in the minds of defense organizations. Primarily used in the defense industry, clean technology also finds application in many other industries, state the authors of the report recently added by ResearchMoz.us to its vastly expanding repository.
By defining clean technology, the report then focuses on various factors driving the growth of the clean technology market in the defense industry. Clean technology comprises renewable energy, recycling, green transportation, information technology, lighting, and many other elements. Organizations, especially in the defense industry are currently focusing on implementing operational efficiency, technological developments, and cost saving. The implementation of various clean technologies such as green buildings, renewable energy, and waste management is increasing since recent years. This is because of the growing needs to reduce environmental impacts, meet regulatory standards, and minimize operational costs.
Most of the organizations operating in the defense industry expect a major impact of implementing clean technologies. The demand for clean technology is predicted to increase from the defense organizations between 2016 and 2021.
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For a competitive analysis, the report divides clean technology in defense industry into Western Europe and North America. As per the findings of the report, more than 40% of executives predict a better budget allocation to implement clean technologies, which is to be around US$500,000 for the period for 2016 to 2021. Country-wise, the U.S. and Germany are anticipated to offer the majority of prospects for waste management and renewable energy investments.
The research report highlights the current status of clean technology in defense industry along with the major driving factors. Clean technology in defense industry will be primarily driven by the increasing budget, operational efficiency, cost saving, and the capacity to rise compliance with legislation. The budget for clean technology is expected to increase by 7.50% from 2016 to 2021. Most of the defense organizations have already implemented clean technologies in their business. The remaining few are working towards adopting various clean technology solutions. Governments of many nations are supporting defense organizations by applying the clean air act and the clean power plan.
The demand for clean technologies from small-scale organizations in North America is expected to be the highest. All these factors are expected to boost clean technology in defense industry by 2021. Although clean technology in defense industry is expected to exhibit a considerable growth by 2021, organizations will have to face certain challenges. Currently, organizations operating in the defense industry are focusing on tackling the biggest challenge of the difficulty in incorporating clean technologies.
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