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Amidst growing focus on compliance with legislation, cost savings and operational efficiency and staying ahead of technological developments, defense organizations are implementing clean technology measures such as energy efficiency in facilities, green buildings, waste management, recycling, and procurement of renewable energy to meet regulatory standards, lower environmental impact, and lower operating and maintenance expenses over the next five years.
The majority of defense organizations expect very high or high impact of clean technologies on defense industry during 2016–2021 with demand for clean technologies in the defense industry exhibiting increase within North America and Western Europe during 2016–2021. Overall, 40% of executives expect budget allocation for clean technology to remain within US$500,000 during 2016–2021 with Germany and the US offering significant prospects for renewable energy and waste management investments during the next five years.
According to survey results, 61% and 54% of defense industry executives highlight compliance with legislation and, cost savings and operational efficiency, respectively, as key growth boosters for clean technology within their organizations over the next five years. With growing focus on improving adherence to new environmental standards and lower emission norms, organizations and governments are developing strategies to ensure adoption of clean technologies.
Overall, 75% and 56% of respondents from large and small companies, respectively, state cost savings and operational efficiency will be a key growth driver for clean technology over the next five years. Additionally, 75% and 69% of executives from large and medium-sized companies, respectively, highlight compliance with legislation as a major growth booster for clean technology during 2016–2021. Moreover, 58% of survey respondents from large companies communicate managing corporate reputation as a growth influencer for clean technology during the next five years.
The report “Clean Technology in Defense Industry - Emerging Trends and Outlook” is the result of an extensive survey drawn from industry executives. These respondents are drawn from an exclusive industry panel covering business professionals worldwide. These business communities are made up of highly engaged, qualified professionals who rely on our flagship media brands in their respective markets.
The research source in this report is based on the surveyed opinions and expectations of 80 global defense industry executives surveyed in May 2016. Furthermore, this survey focuses on examining areas targeted by organizations through clean technology implementation during 2016–2021. The report also highlights growth drivers of clean technology during the next five years, prominent clean technology initiatives. Additionally, the report provides information about investment outlook for renewable energy and waste management during 2016–2021. It also covers cost saving targets owing to clean technology initiatives during 2016–2021 and carbon emission methodologies favored by defense organizations for supporting clean technology.
Companies mentioned in this report: GKN plc, Rolls-Royce Limited, BAE Systems plc, Comtech Telecommunications Corp., Honeywell International, Inc., Johnson Controls Government Systems LLC, Airbus Defence and Space, Apex Clean Energy Inc., EllisDon Corporation, Rafael Advanced Defense Systems Ltd.