Published Date : Jul 11, 2016
ALBANY, NY, July 11, 2016: MarketReseachReports.biz has added a new research report to its vast database. The report explores why the adoption of clean technology is increasing in the defense industry. The research defines clean technology and further identifies its major elements. The report, titled ‘Clean Technology In Defense Industry - Emerging Trends And Outlook,’ highlights different clean technology initiatives taken by organizations operating in the defense industry.
Clean technology represents many energy efficient manufacturing processes, products, and services. It comprises recycling, information technology, electric motors, green transportation, lighting, green chemistry, and many other energy efficient appliances. Renewable energy such as biomass, solar power, biofuels, wind power, and hydropower are also some other appliances of clean technology.
Organizations operating in the defense industry are currently focusing on cost saving measures, compliance with legislation, and operational efficiency with an aim to stay ahead of the technological advancements. For this, the defense organizations are increasingly implementing various clean technology measures including waste management, green buildings, and recycling. This is done, primarily to meet many regularity standards such as minimizing maintenance and operational costs and for environment protection. Most of the defense organizations are expecting a high impact of implementing clean technologies in industry applications.
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The report highlights the changing trends in clean technology in defense industry during the period from 2016 to 2021. Defense industries in North America are expected to adopt the latest recycling and waste management technologies. Organizations operating in Western Europe are also adopting new clean technology applications. As per the findings of the report, around 40% of the executives predict a budget for adopting clean technology. A total budget of around US$500,000 is expected to be allotted during the period between 2016 and 2021. Currently, the United States and Germany are two of the leading countries offering the highest prospects for investments in waste management and renewable energy. The budget for clean technology is expected to increase by approximately 7.5% from 2016 to 2021.
The research also highlights the benefits of mergers and acquisitions happening between the new entrants and leading companies. Especially in Western Europe and North America, leading players are focusing on acquiring the new entrants to help them learn new technologies of clean technology. With this, the leading players will get a chance to maintain their dominance throughout the forecast period. The defense organizations are focusing more on implementing paperless and digital products such as video conferencing as a part of their clean technology motto.
Going further, defense organizations are expected to benefit from the rising initiatives taken by governments of many nations to implement the clean air act and the clean power plan. Leading defense organizations will also have to face certain challenges while implementing the clean technology. With stringent government procedures and standards, defense organizations may face a few difficulties in incorporating clan technologies in existing systems.
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