Small Business Labs: Climate Business Expected to be $2 Trillion Industry by 2020

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September 22, 2009

Climate Business Expected to be $2 Trillion Industry by 2020

HSBC, a large global bank, is projecting that the climate industry will reach $2 trillion revenue by 2020. Their analysis shows that the climate industry had revenues of $530 billion in 2008, making it larger today than the global aerospace of defense industries.

Growing to $2 trillion means roughly a 14% annual revenue growth rate over the next decade.

If this happens, the climate industry will become one of the largest private sector industries.

VCs have noticed this trend. The chart on the right is from a recent report from the National Venture Capital Association. It shows the rapid growth in VC cleantech investments.

Posted by Steve on September 22, 2009 at 01:01 AM | Permalink

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Small Business Labs

Tracking and Forecasting the Trends Impacting the Future of Small Business