Global Green Technology and Sustainability Market, By Component (Solution, Services), Technology (IoT, AI and analytics, Digital twin, Cloud computing, Security, Blockchain), Application (Carbon Footprint Management, Green Building, Water Purification, Water Leak Detection, Fire Detection, Soil Condition/Moisture Monitoring, Crop Monitoring, Forest Monitoring, Weather Monitoring And Forecasting, Air And Water Pollution Monitoring, Sustainable Mining And Exploration), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The green technology and sustainability market is expected to witness market growth at a rate of 26.80% in the forecast period of 2021 to 2028. Data Bridge Market Research report on green technology and sustainability market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the technology is escalating the growth of green technology and sustainability market.
Green technologies refer to the type of eco-friendly solutions that assist in economic and social sustainability. The solution is also known as the clean technology production, because energy is produced as an alternative natural fuel which is considered less harmful towards the environment than fossil fuels. The main goal of green technology is protecting the environment along with repairing past damages done to the environment.
The increase in the environmental awareness and concerns among consumers across the globe, acts as one of the major factors driving the growth of green technology and sustainability market. The rise in consumer and industrial interest for use of clean energy resources to conserve environment and increase in in adoption of RFID sensors that eliminates the carbon emissions accelerate the market growth. The government initiatives for reducing the carbon footprint and to minimize waste production, and modernization of IT and telecom infrastructure for low carbon emission, further influence the market. Additionally, urbanization, surge in investment and growth in awareness positively affect the green technology and sustainability market. Furthermore, initiatives to tackle climate change and air pollution extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high product cost associated with green technology solutions and lack of tailored solutions to address unique environmental issues are expected to obstruct the market growth. Lack of regulations for green technology and reduction in recycling due to COVID-19 are projected to challenge the green technology and sustainability market in the forecast period of 2021-2028.
This green technology and sustainability market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on green technology and sustainability market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Green Technology and Sustainability Market Scope and Market Size
The green technology and sustainability market is segmented on the basis of component, type, application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the green technology and sustainability market is segmented into solution, and services. Services are further segmented into consulting, integration and deployment and support and maintenance.
- On the basis of technology, the green technology and sustainability market is segmented into IoT, AI and analytics, digital twin, cloud computing, security, and blockchain,
- On the basis of application, the green technology and sustainability market is segmented into carbon footprint management, green building, water purification, water leak detection, fire detection, soil condition/moisture monitoring, crop monitoring, forest monitoring, weather monitoring and forecasting, air and water pollution monitoring, and sustainable mining and exploration.
Global Green Technology and Sustainability Market Country Level Analysis
The green technology and sustainability market is analyzed and market size, volume information is provided by country, component, technology and application as referenced above.
The countries covered in the green technology and sustainability market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the green technology and sustainability market due to the technological advancement developments and innovation within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2021 to 2028 because of the emerging economies such as China and India investing heavily on overhauling their domestic infrastructure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Green Technology and Sustainability Market Share Analysis
The green technology and sustainability market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to green technology and sustainability market.
The major players covered in the green technology and sustainability market report are GENERAL ELECTRIC, IBM Corporation, Microsoft, Enablon S.A, ENVIANCE, Sensus, Taranis, Trace Genomics, Inc., LO3 Energy, CONSENSYS, CropX inc., Hortau, SMAP Energy, TREEVIA FOREST TECHNOLOGIES, Pycno Industries, Inc., IOT Solutions & Consulting, Oizom Instruments Pvt. Ltd., and MineSense among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.