The aggregate net income of public specialized cleantech companies worldwide grew 126% to $5.1 billion between 2009-2010, according to a new report by Ernst & Young.
On several key measures, the tracked companies showed strong growth despite challenging economic conditions. Total revenues over the 12 months to the end of September 2010 reached $152.8 billion, an increase of 21% from the same period in 2009. Total market capitalization increased 27% – with 7% due to same-company annual growth and 20% due to the addition of new public companies, according to ‘Seizing Transformational Opportunities: Global Cleantech Insights and Trends Report 2011.’
The Asia-Pacific region hosts the largest number of companies (149), whose revenue grew 44% between 2009 and 2010. Asia-Pacific companies have the highest median headcount per company (400 employees), reflecting the region's low-cost manufacturing workforce, according to the report.
Europe is the leader in terms of cleantech company revenues, which reached $72.8 billion in 2010. The region is the second largest in terms of the number of companies (128), headcount (156,700) and market capitalization ($85.5 billion).
With 117 public cleantech companies, North America is the third largest in terms of population, according to the report. Regional revenues were $23.2 billion in 2010, an annual increase of 34%. The U.S. is home to the largest number of cleantech companies (72) globally, with a total market capitalization of $45.1 billion.
Examining the public cleantech market across 13 different sub-segments showed that solar constitutes over 25%, with 102 companies, of the total company population surveyed. Wind is the second-largest segment in terms of number of companies, followed by the energy-storage industry, according to the report.