The global green technology and sustainability market size is expected to reach USD 68.22 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising awareness among consumers regrading environmental degradation and global warming. Increasing dependence on non-renewable energy technologies and excessive usage of fossil fuels have generated excessive carbon emissions and resulted in global warming.
Government and private organization are developing and deploying green technologies to reduce pollution and protect or enhance the natural environment by conserving energy and natural resources, reduce or eliminate use of toxic agents, and stem pollution and waste. Increasing preference towards renewable sources of energy such as solar panels, wind turbines, and solar heating to minimize greenhouse gas emissions are other major factors driving revenue growth of the global green technology market. Solar energy is a popular type of green technology, which helps in reducing energy bills and dependency on fossil fuels.
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Some Key Highlights From the Report
In July 2019, Emrgy Inc. signed an agreement with GE Renewable Energy about Micro Hydrokinetic technology. Emrgy Inc., which is a tech innovator, whose modular turbines harness the power of water as a clean and distributed energy resource. Through this partnership, hydropower turbines of Emrgy would be provided by GE Renewable Energy.
Internet of Things (IoT) segment accounted for largest revenue share in 2020. Companies across different verticals are increasingly adopting IoT-based energy solutions to minimize their carbon footprint and cut down energy bills.
Green building segment revenue is expected to expand at a rapid CAGR during the forecast period. Growing trend towards green buildings to reduce carbon emissions and minimize energy bills is expected to further drive revenue growth of the green technology and sustainability market during the forecast period.
North America accounted for largest revenue share contribution to the global green technology and sustainability market in 2020. Increasing preference among consumers in countries in the region towards renewable sources of energy such as solar panels, wind turbines, and solar heating to minimize greenhouse gas emissions is boosting demand for green technologies in North America.
Key players in the market include General Electric, IBM, Enablon, Salesforce, Microsoft Corporation, Schneider Electric, ENGIE Impact, Intelex Technologies Inc., Cority Software Inc., and Sensus.
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Technology Outlook (Revenue, USD Billion; 2018–2028)
Internet of Things (IoT)
Artificial Intelligence & Analytics
Application Outlook (Revenue, USD Billion; 2018–2028)
Carbon footprint management
Air and Water Pollution
Soil Condition/Moisture Monitoring
Weather monitoring and forecasting
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
The report segments the Green Technology and Sustainability market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size to reveal where the industry will be in the coming years. The researchers assessing the industry have included the details about the recent decisions and events such acquisition and mergers, collaborations, product launch and investments. Important decisions connected with such events come handy for business owners when positioning their brands in the global market and finalizing the marketing strategies.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Green Technology and Sustainability Market Segmentation & Impact Analysis
4.1. Green Technology and Sustainability Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Stringent environmental regulations
220.127.116.11. Rising need to reduce bacterial or algal contamination in water systems
18.104.22.168. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
22.214.171.124. Fluctuating prices of raw material
126.96.36.199. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Green Technology and Sustainability Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Green Technology and Sustainability Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Green Technology and Sustainability Market Regional Outlook
Chapter 8. Competitive Landscape