The Green Energy sector is growing at breathtaking speed, driven by the challenges of climate change, surely unprecedented in our time. Globally, it has already become a multi-billion dollar industry, with very high growth potential which is attracting record investment. Over the last few years, eco-industries in the European Union have grown to such an extent that they have now become a prominent force across the entire European economy. Today they represent about 2.1% of its Gross Domestic Product and account for 3.5 million jobs.

In what concerns renewable energy, Frost & Sullivan research analysts reveal that amongst the market segments, solar PV will be one of the fastest growing renewable energy sources in China until 2013, with its growth exceeding even that of wind power. As for buildings, and according to Frost & Sullivan, if more stringent standards are applied to new buildings and renovations, the EU will achieve a significant cut in greenhouse gas emissions. Unfortunately, any efforts will be in vain if they are not accompanied by a change in consumer behaviour.

“It is clear that this is a period of truly booming growth in the Green Energy sector and this is an issue that is here to stay,” says John Raspin, Frost & Sullivan Energy & Environment Practice Director. “We are seeing double-digit growth in many segments of the market and companies of all shapes and sizes are positioning themselves to exploit the growth opportunities. Frost & Sullivan is uniquely positioned to have analyst teams working across the entire breadth of the Green Energy sector and we are extremely excited to be launching this new offering that pulls all of that expertise together into a single strategic platform.”