Industries That Will Be ‘Green’ Hot in 2013!
Solar Panel Manufacturing, and Green & Sustainable Building Construction including Energy Efficiency are leading the green sectors in terms of fastest growing industries for 2013-2017. According to IBISWorld Inc.’s Top 10 Fastest- Growing Industries report the Green & Sustainable Building Construction looks set to surpass 20% growth year over year from 2013 through 2016, reaching $124,693M in 2013 and attaining $287,868M by 2017. Solar Panel Manufacturing is predicted to grow by between 4 and 11% each of the consecutive years 2013-2017, with revenue forecast at $5,030M in 2013 and $6,828M in 2017.
The rise in energy costs, the momentum of the environmental movement, and domestic energy policies have propelled the growth of green industries in the United States. The Solar Panel Manufacturing industry led the green industrial movement over the last decade with average annual revenue growth of 32.3%. Federal subsidies that gave renewables a leg up and decreasing silicon prices have combined to make U.S. solar panel manufacturers more competitive.
Despite early negative impacts of the recession on the construction industries, the Green and Sustainable Building Construction industry has been successful at capitalizing on the green movement. The last decade has seen annualized revenue growth of 28.9% and 18.3% growth is anticipated in 2012. Leadership in Energy and Environmental Design (LEED) and Energy Star have been demand drivers for energy efficiency and environmental sustainability.
The potential for Energy Efficiency is particularly exciting. Recent policy targets such as a China’s 16% reduction in energy use by 2015, and the U.S.’s new fuel economy standards, the European Union’s 20% reduction in 2020 energy demand, and Japan’s 10% reduction electricity consumption objective for 2030. It is estimated that even with the newer more ambitious energy efficiency objectives that 4/5ths of the potential in the buildings sector and more than half in industry remains untapped, according to the World Energy Outlook 2012.
Hydropower and wind have also increased significantly, and along with solar are becoming a permanent part of the world’s energy mix. It is forecast that by 2035, renewables will account for 1/3 of global electricity output, and by 2015 renewables will become the world’s second-largest source of power generation by 2015. Biomass and biofuels is thought to quadruple.
U.S. oil production has been rising since 2009 and looks to continue through 2020 at least, perhaps reaching the heights of the 1970 production peak, positioning the U.S. to pass Saudi Arabia as the world’s largest oil producer by 2017. At the same time, domestic consumption which hit a high in 2005 may potentially decline to 1960s levels depending on the level of conservation that is achieved. The U.S.’s natural gas production looks poised to overtake Russian production by 2015. Fatih Birol, the International Energy Agency’s chief economist calls the surge of U.S. oil and gas production “the biggest change in the energy world since World War II.” “This is bigger even than the development of nuclear energy.”
1 million jobs have been created since 2002 because of the exploration of natural gas in shale, followed by oil drilling that began ramped up later in the decade, according to Moody’s Analytics economist Chris Lafakis. And oil and gas extraction jobs pay an average of just under $150,000 a year, or three times the national average. Engineering jobs are the most numerous, with six of the top eight most-filled new jobs in the industry are for some kind of engineer, according to Bright senior data scientist Jacob Bollinger, as reported in the article “Want a job? Look to the energy field”.
About Redfish Technology:
Redfish Technology, Inc. specializes in High Tech and Green Energy recruiting. Since 1996, the company offers nationwide coverage with offices in Silicon Valley, the East Coast, and the Intermountain West. The Redfish team recruits professionals in Information Technology, Telecom, Mobile, Software, SaaS, Wireless, e-Learning, Unified Communications, CRM, and Social Media. The Clean Technology and Renewable Energy team focuses on solar, wind, EV/HEV, batteries, and alternative energy sectors.