Cleantech cleantech

Published on May 16th, 2013 | by Anneli Hidalgo

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Increase for Finnish cleantech

In 2012, Finnish cleantech business grew by 15 percent, making it one of the country’s fastest-growing business sectors.

Combined turnover for cleantech business was EUR 24.6 billion and annual growth 15 %, according to a survey by Cleantech Finland. According to Statistics Finland, the Finnish GDP diminished by 0.2 % and the combined turnover for Finnish industrial companies diminished by 0.6 % in 2012.

“Cleantech has become a key driver for the Finnish economy. Furthermore, Finland has become a major player in the global cleantech market, with a market share of over 1 %. Finland’s share of the global GDP is approximately 0.4 %, so relative to GDP we are one of the world’s leading cleantech nations,” says Santtu Hulkkonen, Executive Director of Cleantech Finland.

Finnish cleantech companies expect strong growth also in 2013. Small companies in particular have terrific growth expectations – they predict as much as 29 % sales growth for 2013, according to Hulkkonen.

The majority of cleantech companies get more than half of their turnover from abroad, according to the survey. In 2012 key export markets were Germany, China, Sweden, France and Russia. The most interesting growth markets in the next few years are China, Russia, Germany, Sweden and Brazil. Finnish companies are also very interested in India and several EU countries.

59 percent of Finnish cleantech companies work with energy efficiency solutions, and these account for more than a third of total industry turnover. Almost half of the companies also have operations in renewable energy production, transfer or distribution.

The Cleantech Business in Finland 2013 survey is the fourth annual study mapping out the Finnish cleantech industry. In March – April 2013 74 Finnish cleantech companies were interviewed by phone and key figures of 115 companies were researched. 51% of the responding companies were small, 22 % mid-size and 27 % large. The total industry turnover excludes forestry and energy production. The survey was conducted by pohjoisranta Burson-Marsteller.

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