Global Green Technology and Sustainability market research 2024, Forecast To 2033
4 Mar, 2024
The green technology and sustainability market has witnessed exponential growth, projected to increase from $15.28 billion in 2023 to$19.19 billion in 2024 at a compound annual growth rate (CAGR) of 25.6%. This growth is attributed to investments, renewable energy expansion, corporate sustainability efforts, waste management, and urban infrastructure. Forecasts indicate continued exponential growth, with the market expected to reach $44.55 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The forecasted expansion is driven by consumer demand for sustainability, energy efficiency, circular economy adoption, and corporate commitments to sustainability, reflecting concerns about climate change. Major trends include climate change mitigation, R&D investment, circular economy initiatives, and urban sustainability.
Global Green Technology and Sustainability Market Key Driver
The green technology and sustainability market is poised for growth due to escalating fuel prices and rising pollution levels. Increasing gasoline prices in the international market and pollution from various human activities are driving the demand for sustainable solutions. Green technology harnesses natural energy sources like solar panels and wind turbines to combat environmental challenges. For instance, the US Department of Energy reported a rise in retail gasoline prices across the country, emphasizing the need for sustainable alternatives. Therefore, the exponential rise in fuel prices and growing pollution levels will propel the green technology and sustainability market.
Get A Free Sample Of The Global Green Technology and Sustainability Market ReportGlobal Green Technology and Sustainability Market Segments
The global green technology and sustainability market covered in this report is segmented –
1) By Component: Solution, Services
2) By Technology: Internet of things (IoT), AI And Analytics, Digital Twin, Cloud Computing, Security, Block-chain
3) By Application: Green Building, Carbon Footprint Management, Weather Monitoring and Forecasting, Air And Water Pollution Monitoring, Forest Monitoring, Crop Monitoring, Soil Condition and Moisture Monitoring, Water Purification, Other Applications
By Geography: The regions covered in the green technology and sustainability market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the green technology and sustainability market share in 2023. The regions covered in the green technology and sustainability market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Green Technology and Sustainability Industry Players
General Electric Company, Intelex Technologies Inc., Microsoft Corporation, ConsenSys, Salesforce.com Inc., Schneider Electric SE, Trace Genomics, ENGIE Insight Services Inc., LO3 Energy, Enablon, MineSense Technologies Ltd., Enviance, IsoMetrix Software, Oracle Corporation, Tech Mahindra Ltd., International Business Machines Corporation, Sunnova Energy International Inc., SunPower Corporation, Siemens Gamesa Renewable Energy SA, SolarEdge Technologies Inc., Brookfield Renewable Partners LP, Autodesk Inc., Evoqua Water Technologies Corp., Bloom Energy Corporation, Burcon NutraScience, JinkoSolar Holding Co. Ltd., Johnson Controls International PLC, Suntech Power Co. Ltd., Hanwha Q CELLS Co. Ltd., Trina Solar Co. Ltd.
Get The Full Global Green Technology and Sustainability Market ReportGreen Technology and Sustainability Market Overview
Green technology (GT) and sustainability is a term to define innovative ways to make environmentally friendly changes and as an alternative source of technology that reduces fossil fuels and its effect on the human, animal, and plant health. It is used to conserves natural resources and the environment. The green technology process is used to reduce the amount of waste and pollution that are created during production and consumption.
Green Technology and Sustainability Global Market Report 2023 provides data on the global green technology and sustainability market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The green technology and sustainability market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.