Market Opportunities: Consumers May Spend Over $100 Billion on Green Tech in 2008

Jeff McIntire-Strasburg — Wed, 26 Mar 2008 14:56:18 +0000

That’s one of the major findings of the recently-released 2007 National Technology Readiness Survey (NTRS), sponsored by the University of Maryland’s Robert H. Smith School of Business, and research firm Rockbridge Associates, Inc. This is good news for ecopreneurs, especially since the survey also notes that many consumers want to buy “green tech” products, but can’t find what they want:

…while 83 percent of adults said they wanted to protect the environment, and 59 percent said they like trying new technologies to help the environment, about 42 percent said such technologies were hard to find.

An ideal situation for ecopreneurs? Perhaps… both for new companies, and for those that want to market green products better. Both P.K. Kannan, director of the Smith School’s Center for Excellence in Service, and Charles Colby, president of Rockbridge, offer some tips for effectively tapping this market:

Green Options » rockbridge associates

Market Opportunities: Consumers May Spend Over $100 Billion on Green Tech in 2008