USD 17.8 billion
Report ID: SQMIG45B2034 | Region: Global | Published Date: April, 2023 | Pages: 242 | Tables: 72 | Figures: 75
Global Green Technology And Sustainability Market size was valued at USD 17.8 billion in 2021 and is poised to grow from USD 22.75 billion in 2022 to USD 206.88 billion by 2030, growing at a CAGR of 27.8% in the forecast period (2023-2030).
Green technologies are environmentally friendly solutions that lead to economic and social sustainability. It is commonly referred to as clean technology production, in which energy is generated as an alternative natural fuel that is less detrimental to the environment than fossil fuels. Furthermore, the primary purpose of green technology is to safeguard the environment as well as to remedy past environmental harm. Furthermore, several governments across the world are spending extensively in green technology to protect nature and lessen the negative influence on the environment, which is encouraging Green Technology and Sustainability Market growth. Additionally, with an unprecedented COVID-19 health crisis, the artificial intelligence and analytics segment is expected to grow at a significant rate during the forecast period, owing to increased adoption of artificial intelligence and analytics by manufacturing and other industries to resume supply chain operations.
US Green Technology And Sustainability Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 17.8 billion
Largest Segment
Green Building
Fastest Growth
Green Building
Growth Rate
27.8% CAGR
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The Global Green Technology and Sustainability Market is segmented based on technology as internet of things (IoT), cloud computing, artificial intelligence & analytics, digital twin, cybersecurity, and blockchain. By application Green Technology and Sustainability Market is segmented based on green building, carbon footprint management, weather monitoring & forecasting, air & water pollution monitoring, forest monitoring, crop monitoring, soil condition/moisture monitoring, water purification, and others. Based on region Green Technology and Sustainability Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Green Technology and Sustainability Market Analysis by Application
During the projection period, the green building category is expected to account for the largest Green Technology and Sustainability Market share. Green building, also known as sustainable or high-performance building, is the practice of designing and implementing structures and processes that are environmentally responsible and resource-efficient throughout the life cycle of a building, from siting to design, construction, operation, maintenance, renovation, and deconstruction. The technique adds features of economy, usability, durability, and comfort to traditional building design. The key factors are energy and water efficiency, resource efficiency, interior environmental quality, and the overall environmental effect of the structure.
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North America is expected to have the largest Green Technology and Sustainability Market size by 2021, owing to the region's significant number of green technology and sustainability providers. Vendors are concentrating on R&D and the integration of new technologies to address the problem of climate change and rising levels of emissions, pollution, and waste. APAC is predicted to be an attractive investment market, with the largest CAGR throughout the projection period. This expansion may be ascribed to emerging countries such as China, India, and Singapore focusing on the integration of new technology to improve corporate operations.
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Green Technology and Sustainability Market Driver
Green Technology and Sustainability Market Restraint
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To expand their Green Technology and Sustainability Market offers, green technology and sustainability vendors have employed a variety of organic and inorganic development tactics, such as new product releases, product upgrades, collaborations and agreements, business expansions, and mergers and acquisitions.
Green Technology and Sustainability Market Top Players Company Profiles
Green Technology and Sustainability Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, companies in the technology industry are looking for ways to lower the energy usage of their products. Companies are working on building energy-efficient products, power supplies, and integrated circuits, as well as developing collaborative solutions to assist clients in reducing their carbon footprint. Environmentally friendly corporate policies decrease company risks, boost reputation, and create massive Green Technology and Sustainability Market prospects in the green technology and sustainability markets. In today's wireless era, countless gadgets employ wireless technology in their daily operations; these wireless devices consume a significant amount of energy and generate a significant quantity of carbon when in use. Technology behemoths like Apple are assisting their industrial partners in lowering their carbon footprint by collaborating with them to deploy more than four gigatonnes of new renewable energy globally by 2020.
Report Metric | Details |
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Market size value in 2021 | USD 17.8 billion |
Market size value in 2030 | USD 22.75 billion |
Growth Rate | 27.8% |
Base year | 2021 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Green Technology And Sustainability Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Green Technology And Sustainability Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Green Technology And Sustainability Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Green Technology And Sustainability Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Product ID: SQMIG45B2034