Mega Trends Create Enormous Opportunities In The Environmental Sector In Asia-Pacific, Finds Frost & Sullivan
Rapid workforce expansion on the cards
Kuala Lumpur, Malaysia /PRNewswire/ - Urbanization, economic changes, connectivity and industry convergence are the top mega trends steering the environmental sector in Asia-Pacific. As a result, evolution in the trade of environmental goods, equipment, and services will lead to reinforced concepts in green jobs, carbon economy, investments, R&D, and technological development in the water, waste, and air pollution markets, and change the way businesses are run.
New analysis from Frost & Sullivan (http://www.environmental.frost.com), Asia-Pacific Environmental Sector—Macro to Micro Implications of Mega Trends till 2025, finds that investments in carbon economy and green finance will take precedence inAsia-Pacific, especially in water- and waste-related services and equipment. By 2025, R&D expenditure in the environmental sector will increase by 62.1 percent.
While the demand for clean water escalates in Asia-Pacific, the availability of fresh water resources is dwindling. Waste generation is set to rise by 26.1 percent from 2011 to 2025, and Asia-Pacific will remain the world's largest emitter of greenhouse gas till 2025.
"Opportunities for environmental market participants in the region will stem from the need to renew water resources, handle wastewater discharge and the mounting volume of various types of waste, dispose old electronic devices, and manage the deterioration of air quality," said Frost & Sullivan Energy and Environmental Research Manager Melvin Leong.
New market participants must understand key areas that are or will be pressing issues in Asia-Pacific's environmental sector. Services and equipment related to water and waste management will remain the most significant segments, in turn, spearheading the advancement of membrane technologies.
The overall amplification of environmental markets will mean ample job opportunities. Green professionals – whose number will go up by 80 percent by 2025 – will put the spotlight on water issues, waste generation, and air pollution.
"The region will shift toward becoming a carbon economy with the implementation of carbon taxes and the cap-and-trade plan," noted Leong. "These concepts will spur the new business environment in Asia-Pacific in the coming years."
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Asia-Pacific Environmental Sector—Macro to Micro Implications of Mega Trends till 2025 is part of the EnvironmentalGrowth Partnership Service program. Frost & Sullivan's related research services include: Packaged Wastewater Treatment Market in India, Asia-Pacific eWaste Recycling Market, Global Water and Wastewater Disinfection Systems Market, and European Waste to Energy Plant Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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