Green Technology & Sustainability Market by Component (Services, Solution), Technology (Artificial Intelligence & Analytics, Blockchain, Cloud Computing), Application - Global Forecast 2024-2030

Green Technology & Sustainability Market by Component (Services, Solution), Technology (Artificial Intelligence & Analytics, Blockchain, Cloud Computing), Application - Global Forecast 2024-2030

The Green Technology & Sustainability Market size was estimated at USD 39.01 billion in 2023 and expected to reach USD 44.24 billion in 2024, at a CAGR 14.66% to reach USD 101.70 billion by 2030.

The green technology & sustainability market encompasses solutions and services that aim to reduce the negative impact on the environment. The market involves innovations in energy efficiency, recycling, renewable energy sources, waste reduction, and other environmentally friendly practices. The market is driven by a growing global emphasis on reducing carbon emissions, increasing awareness of environmental issues among populations, governmental policies favoring green initiatives, and technological advancements enabling sustainable solutions. Economic incentives and shifting consumer preferences towards eco-friendly products and services further stimulate market growth. However, regulatory and policy inconsistencies across geographies can impede market growth. High initial costs involved in green technology implementation, lack of consumer awareness in certain regions, and insufficient infrastructure for wide-scale adoption pose notable challenges in the market arena. Moreover, the advancements in material science for better and more efficient solar panels, the development of grid-scale energy storage solutions, and innovations in biofuel production present significant opportunities in the market. Furthermore, integrating IoT for smarter, energy-efficient systems in urban planning and agriculture offers vast potential opportunities for market expansion.

Regional Insights

In the U.S. and Canada, significant focus on renewable energy sources, with solar and wind energy leading the way in the Americas region. Electric vehicle (EV) infrastructure and technology investments are rising, reflecting growing consumer interest in reducing carbon emissions. The American region's government has been supporting sustainability through tax incentives and grants, encouraging consumers and manufacturers to shift towards greener alternatives. European countries are at the forefront of combating climate change, with ambitious targets for reducing CO2 emissions and increasing the use of renewable energy. European consumers are aware of environmental issues, driving demand for sustainable products and practices. With its abundant solar resources, the Middle East is investing heavily in solar energy and Africa's approach to sustainability focuses on solving practical issues like access to clean water and sustainable agriculture. The Asia Pacific region shows a varied landscape of consumer behavior towards sustainability. While governments and corporations have a strong initiative toward green technology and renewables, Consumer awareness and purchasing behavior vastly differ from mature markets such as Japan, India and China.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Green Technology & Sustainability Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Modernization of IT and telecom infrastructure for low carbon emission
Rising emphasis to use clean energy resources and decarbonizing economies
Surge in environmental awareness and concerns about global warming

Market Restraints

High deployment cost of green technology solutions

Market Opportunities

Growing shift towards decentralized energy systems, enabled by microgrids and blockchain technologies
Technological advancements in smart irrigation systems and water treatment technologies

Market Challenges

Limitations associated with green technology solutions

Market Segmentation Analysis

Component: Rising adoption of consulting services for sustainable business transformations
Technology: Increasing preference for blockchain technology in supply chain verifiability and ethical sourcing

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Green Technology & Sustainability Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Green Technology & Sustainability Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Green Digital Economy Platform Launched to Empower 62 million Indonesian Farmers with AI and Technology

The Green Digital Economy Platform (GDEP) marks a pivotal advancement in the sustainability and digital economy sectors, jointly championed by Indonesia and Korea. This monumental effort, set against the backdrop of the recent ASEAN-Republic of Korea Summit's green and digital economy accords, seeks to position Indonesia at the forefront of agri-tech innovation by empowering its 62 million farmers with AI and digital transformation and also to pioneer a cross-economy model extending beyond traditional circular economy norms, monitored closely through the Digital-ESG Index.

Toyota Unveils New Technology That Will Change the Future of Cars

Toyota Motor Corporation outlined its ambitious roadmap towards becoming a foremost mobility entity in a strategic technical briefing titled ‘Let's Change the Future of Cars’. Toyota Motor Corporation showcased commitment to spearheading advancements in both battery electric and hydrogen fuel cell technologies, as part of its broader vision to forge a sustainable and accessible mobility future.

Microsoft and Qcells Announce Strategic Alliance to Curb Carbon Emissions and Power The Clean Energy Economy

Qcells joins forces with technology giant Microsoft Corp. to foster a robust U.S. solar supply chain, poised to supply at least 2.5 gigawatts of solar panels—enough to energize over 400,000 homes. This partnership marks a significant stride towards establishing a sustainable energy supply chain, emphasizing innovation and investment.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Green Technology & Sustainability Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Green Technology & Sustainability Market, highlighting leading vendors and their innovative profiles. These include Avarni, Carbonhound, ConsenSys Software Inc., Cority Software Inc., CropX inc., Ecodrisil ESG Xpress, Enablon France SAS, Energy Elephant, ENGIE Insight Services Inc., Facilio, Futureproof by Blend360, General Electric Company, Greenly, Hortau Inc., IntegrityNext, Intelex Technologies Inc., LO3 Energy, Inc., Microsoft Corporation, MineSense Technologies Ltd., Novata, Oizom Instruments Pvt. Ltd., Pycno Industries, Inc., Quentic, Salesforce.com, inc., Schneider Electric SE, Sphera, Taranis, Inc., Treevia Forest Technologies, Wolters Kluwer N.V., and Xylem Inc..

Market Segmentation & Coverage

This research report categorizes the Green Technology & Sustainability Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Services
Consulting
Integration & Deployment
Support & Maintenance
Solution
Technology
Artificial Intelligence & Analytics
Blockchain
Cloud Computing
Cybersecurity
Digital Twin
Internet of Things
Application
Air & Water Pollution Monitoring
Carbon Footprint Management
Crop Monitoring
Fire Detection
Forest Monitoring
Green Building
Soil Condition or Moisture Monitoring
Sustainable Mining & Exploration
Water Leak Detection
Water Purification
Weather Monitoring & Forecasting
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year