The global demand for Green Technology and Sustainability Market is presumed to reach the market size of nearly USD 58.86 MN by 2028 from USD 13.91 MN in 2021 with a CAGR of 22.9% under the study period 2022 - 2028.
Green technology or sustainability deals with the short-term and long-term impact of things on the environment. Green technology is utilized in recycling, renewable resources, health and safety issues, energy efficiency, and more. Green technologies include eco-friendly solutions that result in economic and social sustainability. It is also referred to as clean technology production as natural fuel is used in its generation, which is less damaging to the environment than fossil fuels. Green technology or sustainability's main objective includes preserving the environment and repairing any harm already done to it.
Market Dynamics
The industry is growing as a result of rising environmental awareness & concerns about global warming among businesses and consumers. Additionally, increasing consumer and industry interest in using clean energy resources and an increase in the adoption of RFID sensors that eliminates carbon emissions are some of the aspects anticipated to propel market growth in the upcoming years. Green technology is used in green buildings, crop monitoring, water pollution monitoring, air pollution monitoring, and carbon footprint management. Additionally, increasing government initiatives on creating a decarbonized economy could boost business growth in the coming years. The rising adoption of green data centers & cloud services for monitoring pollution may increase investment in green technology and sustainability. With rising industrial and consumer interest, the rising greenhouse gas emissions will be expected to attract investments in developing a sustainable green economy.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of green technology and sustainability. The growth and trends of green technology and sustainability industry provide a holistic approach to this study.
Market Segmentation
This section of the green technology and sustainability market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology
- Internet Of Things (IoT)
- Cloud Computing
- Artificial Intelligence & Analytics
- Digital Twin
- Cybersecurity
- Blockchain
By Application
- Green Building
- Carbon Footprint Management
- Weather Monitoring & Forecasting
- Air And Water Pollution Monitoring
- Forest Monitoring
- Crop Monitoring
- Soil Condition/Moisture Monitoring
- Water Purification
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Green Technology and Sustainability market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Green Technology and Sustainability Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the green technology and sustainability market include CropX Inc., Enablon France SA, Enviance Inc., General Electric, Hortau Inc., IBM Corporation, LO3 Energy Inc., Oracle Corporation, Tech Mahindra Limited, and Trace Genomics Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.