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.

Read more about this topic:  Economy Of Germany

Famous quotes containing the word technology:

    Primitive peoples tried to annul death by portraying the human body—we do it by finding substitutes for the human body. Technology instead of mysticism!
    Max Frisch (1911–1991)

    The successor to politics will be propaganda. Propaganda, not in the sense of a message or ideology, but as the impact of the whole technology of the times.
    Marshall McLuhan (1911–1980)

    The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.
    John Kenneth Galbraith (b. 1908)