Singapore - Country Commercial Guide
Environmental Technologies (POL)

This is a best prospect industry sector for this country. Includes a market overview and trade data.

Last published date: 2021-08-12

Overview

Due to climate change and pollution factors, the Government of Singapore and many companies strive to find and adopt environmentally friendly services and solutions.  Singapore has always maintained a balance between development and conserving the environment.

Singapore is committed to sustainable development by managing the growth of its vehicle population and making the switch from fuel oil to natural gas, the cleanest form of fossil fuel, to generate electricity.  Over 95 per cent of Singapore’s electricity is now generated by natural gas.  These early initiatives have helped to moderate Singapore’s carbon emissions growth significantly.  Other important growth areas for the city-state are smart grids, green buildings, and energy efficiency.

Faced with the challenge of water scarcity, Singapore has been motivated to constantly innovate and develop new water management and treatment technologies such as water reclamation and seawater desalination.  Over the last four decades, Singapore has established a sustainable water supply from diversified sources known as the Four National Taps – water from local catchment areas, imported water, reclaimed water (NEWater) and desalinated water.

The Singapore government also introduced a policy goal to become a Zero Waste Nation by 2030 in which diverting food waste from the disposal will need to play a significant role.

Environmental Technologies Trade Data: 2018-2021 est.

 

2018

2019

2020

2021 estimated

Total Local Production

18,931

18,980

18,672

17,100

Total Exports

9,382

9,847

9,336

8,550

Total Imports

9,380

10,205

10,205

9,252

Imports from the US

1,988

2,010

1,808

1,942

Total Market Size

18,929

19,338

19,541

17,802

Exchange Rates

1.35

1.36

1.38

1.33

Leading Sub-SectorsUnits: $ millions
Source: IHS Markit

The Singapore Green Plan 2030 seeks green growth opportunity for new sustainability solutions in areas such as sustainable packaging, waste upcycling, urban farming, and water treatment. New technologies for carbon capture, utilization and storage will be developed and tested, and the potential of low-carbon hydrogen and other emerging technological approaches to decarbonization such as the use of sustainable aviation fuels will be increasingly adopted.

Related products from the U.S. will have excellent market prospects, given that imports of environmental products from the U.S. accounts for over 20% of the total imports.  

Opportunities

Singapore is positioning itself as a living lab for companies to develop, test and commercialize urban solutions in a real-life setting before exporting them globally.  One key area that Singapore Public Utilities Board is looking into is to reduce the energy involved in producing desalinated water or treated seawater. There are excellent opportunities for U.S. firms to sell smart water technologies and wastewater recycling equipment to the Singapore market.

The Singapore Government plans to support local companies to implement sustainability practices, integrated solutions and standards while seeking new business opportunities in sustainability as well as increasing the use of solar panels and energy storage solutions.  The Green Plan is spearheaded by Singapore’s Ministries of Education (MOE), National Development (MND), Sustainability and the Environment (MSE), Trade and Industry, and Transport (MTI).

Resources

Trade Shows

BEX Asia

September 6-10, 2021

 

Singapore International Energy Week

October 25-29, 2021

 

Clean Enviro Summit Singapore

April 17-22, 2022

 

World Cities Summit

April 17-22, 2022

Singapore International Water Week

April 17-22, 2022

Singapore Government Offices

  • Ministry of Sustainability and the Environment
  • National Environment Agency
  • Public Utilities Board
  • Energy Market Authority
  • Building and Construction Authority

U.S. Commercial Service, Singapore Contact

Sherry Ng, Commercial Assistant

Email: Sherry.Ng@trade.gov