Clean technology market to exceed £3 trillion by 2025

A study conducted by the German government has reveled that the global clean technology market is worth more than £1.6 trillion a year and is on track to double in size by the mid 2025.

The study also revealed outstanding report finds the market has grown at an average of almost 12% a year since 2007, and predicts it will continue to accelerate over the coming years.

Things will be a bit slower than in previous years, but by 2025 we expect the worldwide market to double in value to £3.6 trillion.

The report reveals Germany has a huge 15% share of the global clean tech market and is set to experience futher growth in the sector. The country's clean tech companies already generate 11% of the country's GDP and employ nearly 1.5 million workers, the report said, but the clean tech market volume is predicted to more than double, reaching £540 billion by 2025.

Luc Bas, director of European programmes and international state and regions at NGO The Climate Group, said Germany's success could be attributed to, among other things, it's  vision and reassurances of investment security.

The study also suggests the sector's rapid growth is stimulating more traditional segments of the economy, including Germany's giant manufacturing sector.