According to the most recent analysis by Emergen Research, the size of the worldwide green technology and sustainability market is anticipated to reach USD 68.22 billion in 2028 and exhibit a consistent CAGR throughout the projected period. Rising consumer awareness of environmental degradation and global warming might be linked to consistent market revenue growth. The overuse of fossil fuels and growing reliance on non-renewable energy sources have increased carbon emissions and contributed to global warming.
Green technologies are being developed and used by public and private organisations to minimise pollution, safeguard or improve the environment, and reduce or do away with the usage of harmful substances, waste, and pollution. Other significant reasons influencing the growth of the worldwide green technology market’s revenue include consumers’ growing desire for renewable energy sources like solar panels, wind turbines, and solar heating to reduce greenhouse gas emissions. Popular green technology like solar energy aids in lowering energy costs and dependence on fossil fuels.
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The Global Green Technology and Sustainability Market Research Report is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
Key Highlights from the Report
Emrgy Inc. and GE Renewable Energy inked a contract on Micro Hydrokinetic technology in July 2019. Emrgy Inc., a tech pioneer, uses water power as a clean, distributed energy source through the use of modular turbines. Through this partnership, GE Renewable Energy would supply Emrgy with hydropower turbines.
In 2020, the Internet of Things (IoT) segment generated the greatest revenue share. IoT-based energy solutions are being adopted by businesses from a variety of industries in an effort to reduce their carbon footprint and energy costs.
Revenue in the green building market is anticipated to grow at a quick CAGR over the course of the projected period. The market for green technology and sustainability is anticipated to experience continued revenue growth over the course of the forecast period due to the growing trend toward green buildings that reduce carbon emissions and lower energy costs.
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Green Technology and Sustainability Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Emergen Research has segmented the global green technology and sustainability market on the basis of technology, application, and region:
Technology Outlook (Revenue, USD Billion; 2018–2028)
Cloud Computing
Internet of Things (IoT)
Digital Twin
Artificial Intelligence & Analytics
Blockchain
Cybersecurity
Application Outlook (Revenue, USD Billion; 2018–2028)
Green building
Crop Monitoring
Carbon footprint management
Forest Monitoring
Air and Water Pollution
Soil Condition/Moisture Monitoring
Water Purification
Weather monitoring and forecasting
Others
Some major companies in the global market report include General Electric, IBM, Enablon, Salesforce, Microsoft Corporation, Schneider Electric, ENGIE Impact, Intelex Technologies Inc., Cority Software Inc., and Sensus.
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Green Technology and Sustainability market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Green Technology and Sustainability market size
2.2 Latest Green Technology and Sustainability market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Green Technology and Sustainability market key players
3.2 Global Green Technology and Sustainability size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Green Technology and Sustainability market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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