1. What is the projected Compound Annual Growth Rate (CAGR) of the Green Technology and Sustainability Market ?
The projected CAGR is approximately 19.7%.
Green Technology and Sustainability Market by Component (Solutions & Services), by Deployment (Cloud & On Premise), by Enterprise Type (Large Enterprise, SMEs), by Implemented Technology (Internet of Things, AI & Analytics, Digital Twin, Cloud Computing, Blockchain), by Application (Air & Water Pollution Monitoring, Carbon Footprint Management, Crop Monitoring, Fire Detection, Forest Monitoring, Green Building, Soil Condition Monitoring, Sustainable Mining, Water Management, Weather Monitoring), by By Component (Solutions, Services), by South America (Brazil, Argentina, Rest of South America), by Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of the Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of the Asia Pacific) Forecast 2025-2033
The Green Technology and Sustainability Market size was valued at USD 16.50 USD billion in 2023 and is projected to reach USD 58.10 USD billion by 2032, exhibiting a CAGR of 19.7 % during the forecast period. Green technology is the application of science and technology to create environmentally friendly products and services. The ultimate objective of green technology is not just to reduce ongoing harm to our environment but also to repair existing damage and promote regeneration. It encompasses everything done to restore our environment and leverage Earth's natural resources in a sustainable manner. Greentech is an umbrella term that describes the use of technology and science to create environment-friendly products. The goal of greentech is to protect the environment and in some cases, repair damage done in the past.
Component:
Deployment:
Enterprise Type:
Application:
This report provides a comprehensive analysis of the green technology and sustainability market, covering key trends, driving forces, challenges, emerging technologies, growth catalysts, market segmentation, leading players, and significant developments.
The global market for green technology and sustainability is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. North America is anticipated to maintain its dominance in the market, driven by its well-established players, proactive government support, and advanced technological infrastructure.
The number of patents filed in the green technology and sustainability space has increased significantly, indicating the growing innovation and research activities in this field.
The green technology and sustainability market is poised for significant growth in the coming years as governments, businesses, and consumers embrace sustainable practices and technologies. The market will continue to evolve as new technologies emerge and regulatory frameworks adapt to the changing environmental landscape.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 19.7% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 19.7%.
Key companies in the market include General Electric Company (U.S.), Enablon (Wolters Kluwer) (Europe), Salesforce.com, Inc. (U.S.), Microsoft Corporation (U.S.), Schneider Electric (France), Engie Impact (U.S.), Sensus (U.S.), Enviance (U.S.), Intelex Technologies Inc. (Canada), Accuvio (U.S.).
The market segments include Component, Deployment, Enterprise Type, Implemented Technology, Application.
The market size is estimated to be USD 16.50 USD billion as of 2022.
Growing Adoption of Green Data Centers to Aid Market Progress.
Emphasis by Governments and Businesses on Decarbonizing Economy to Foster Market Development.
High Costs Associated with Green Technologies and Sustainability Solutions to Limit Market Growth.
October 2023: Wolters Kluwer Enablon launched new features including automation, dashboards, and data visibility in its Enablon Vision Platform for the environment, operations, and safety teams.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD billion.
Yes, the market keyword associated with the report is "Green Technology and Sustainability Market ," which aids in identifying and referencing the specific market segment covered.
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MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
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