Economy of Germany - Technology

Technology

Germany's achievements in sciences have been significant, and research and development efforts form an integral part of the economy.

Germany is also one of the leading countries in developing and using green technologies. Companies specializing in green technology have an estimated turnover of 200€ billion. Especially the expertise in engineering, science and research of Germany is eminently respectable.

The lead markets of Germany's green technology industry are power generation, sustainable mobility, material efficiency, energy efficiency, waste management and recycling, sustainable water management.

With regard to triadic patents Germany is in third place after the USA and Japan. With more than 26,500 registrations for patents submitted to the European Patent Office, Germany is the leading European nation. Siemens, Bosch and BASF, with almost 5,000 registrations for patents between them in 2008, are among the Top 5 of more than 35,000 companies registering patents. Together with the USA and Japan, with regard to patents for nano, bio and new technologies Germany is one of the world’s most active nations. With around one third of triadic patents Germany leads the way worldwide in the field of vehicle emission reduction.

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Famous quotes containing the word technology:

    If the technology cannot shoulder the entire burden of strategic change, it nevertheless can set into motion a series of dynamics that present an important challenge to imperative control and the industrial division of labor. The more blurred the distinction between what workers know and what managers know, the more fragile and pointless any traditional relationships of domination and subordination between them will become.
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