Cleantech was one of Finland’s fastest-growing business sectors in 2012. Combined turnover for cleantech companies was EUR24.6 billion and annual growth 15 percent.
15 May 2013
Cleantech – a key driver for Finnish economy
Cleantech was one of Finland’s fastest-growing business sectors in 2012 - a year of economic
downturn. Combined turnover for cleantech companies was EUR24.6 billion and annual
growth 15 percent, shows a survey by Cleantech Finland.
The Finnish GDP diminished by 0.2 percent and the combined turnover for Finnish industrial
companies diminished by 0.6 percent in 2012, according to Statistics Finland.
“Finnish cleantech expertise is in high demand internationally, and
Finnish companies have been quick to utilize the market potential," says
Mari Pantsar-Kallio, Strategy Director for the Cleantech strategy
program at the Finnish Ministry of Employment and the Economy.
"There has also been strong governmental support to boost cleantech
growth. Over recent years cleantech has been one of the few growth
business areas in Finland in general, and one of the very few with annual
growth of ten percent or more," Pantsar-Kallio says.
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.
About 50 percent of the responding companies were small, 22 percent mid-size and 27 percet large.
The total industry turnover excludes forestry and energy production. The survey was conducted by
According to Santtu Hulkkonen, Executive Director of Cleantech
Finland, 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 percent.
“Finland’s share of the global GDP is approximately 0.4 percent, so
relative to GDP we are one of the world’s leading cleantech nations,”
“Finnish cleantech companies expect strong growth also in 2013. Small companies in particular
have terrific growth expectations - they predict as much as 29 percent sales growth for 2013.”
China key growth market, energy efficiency key driver
According to the survey, the Finnish cleantech business is strongly export-driven – the majority of
cleantech companies get more than half of their turnover from abroad. 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. Also USA has
maintained its position as an interesting market from year to year,” Hulkkonen says.
Energy efficiency has traditionally been Finland’s key area of cleantech expertise. Now, 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.
“Finland is now reaping the benefits of having a cold climate and no natural fossil resources. For
decades we have had to look for ways to decrease heating costs and find alternatives to fossil fuels.
This expertise is now in high global demand,” Hulkkonen points out.
Network of top cleantech companies and experts
Cleantech Finland brings the best cleantech solutions and expertise to
companies and public-sector organizations that have environmental or energy-
efficiency problems that need solving.
It also connects potential investors and partners with the best cleantech experts
in the market.
"For decades Finnish cleantech companies have solved environmental
challenges making us global leaders in energy efficiency, clean industrial
processes and bioenergy," says Santtu Hulkkonen.
"Today, we offer you the best cleantech expertise. Problem solving is in our
Hydrogen to join electricity to cut traffic pollution
Benefits from EU energy savings underestimated
Self-healing power grids to become a reality
Energy turn-around underway in Finnish households
Arctic development - opportunities and challenges
Finland updates its energy and climate strategy