Green Technology Will Make Up 40 Percent of Stimulus Orders From Siemens

Green Technology Will Make Up 40 Percent of Stimulus Orders From Siemens

Siemens is expecting $8 billion in new orders for green technology due to government stimulus programs from around the world.

In total, Siemens estimates it will receive $21 billion in new orders over the next three years from the programs, and green technology like wind turbines, lighting, and building efficiency technologies for water, energy and light systems will make up 40 percent of those orders.

Siemens derived that estimate by looking at government stimulus programs from around the world, figuring how much of that is planned for infrastructure relevant to Siemens, and compared that to the company's current average market share worldwide.

Overall, the amount of stimulus program infrastructure expenditures relevant to Siemens adds up to $210 billion. The U.S. accounts for the bulk of that amount with $120 billion (Siemens estimates new orders from the U.S. stimulus will come to $8 billion), followed by $35 billion in relevant spending from China and $7 billion in Germany. Green technology accounts for half of the amount from China and about 60 percent of the amount from Germany.

In fiscal year 2008, green technologies brought in $26 billion in revenue for Siemens, which hopes to increase that amount to $35 billion by 2011.

Wind turbine - CC license by Martin Pettitt