Green technologies will make up 40 percent of this planned order volume by the end of 2012.
Siemens expects to win new orders of around €15 billion in the next three fiscal years 2010 until 2012, which will be generated by government stimulus programs already announced around the world.
Green technologies are expected to account for 40 percent or approximately €6 billion of this total, which will significantly increase the share of the company’s revenues from its environmental portfolio in the future. Siemens based this forecast on an initial systematic analysis of the largest stimulus programs.
The total volume of planned infrastructure expenditures relevant for Siemens comes to approximately €150 billion in the next three fiscal years. Given the company’s current average market share worldwide, these expenditures can be expected to generate new orders for Siemens of roughly €15 billion, of which some €6 billion will likely come from environmental technologies.
In a country-by-country comparison, the shares of the stimulus program that Siemens can address are the largest in the U.S., where they total slightly more than €85 billion. China comes next with a Siemens-relevant share of around €25 billion, followed by Germany with a share of roughly €5 billion.
Major parts of these stimulus programs are earmarked for green technologies.
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.
© Flavia Westerwelle