Green Technology and Sustainability Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Green Technology and Sustainability MarketThe green technology and sustainability market size was valued at USD 16.50 billion in 2023 and is projected to grow from USD 19.83 billion in 2024 to USD 83.59 billion by 2032, exhibiting a CAGR of 19.7% during the forecast of 2024-2032.
The green technology and sustainability market refers to the products and services that make use of environmental resources and energy that create ecofriendly products for the protection of the environment with the help of renewable resources of energy.
The COVID-19 pandemic created significant positive changes on curbing carbon emissions and changed the operating procedure amid the coronavirus outbreak. This resulted into reduced prices and attracted opportunities in the global market. Additionally, there was a surge in the demand of the EV’s (electronicvehicles) due to various reasons such a cost-efficiency, reduced fuel consumption and reduced greenhouse gas emissions driving the green technology and sustainability market growth.
The data centers are the major causes for global warming and hence we can see a rising adoption of Green Data Centers make an impact and channelize the Market Data Progress centers. They consume a considerable amount of world’s energy resources at least about 8% of the total global production power.
Owing to the environmental protection, eco-awareness and sustainability, the need for reliable, affordable and clean and green technologies is on rise. This high demand surges the green technology and sustainability market share causing a rise in global expansion.
Comprehensive Analysis of Green Technology and Sustainability Market
The Information & Communication Technology is rising at an exponential rate due to its green technology. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the green technology and sustainability market. These segmentations are methodically segregated By Components, By Deployment and By Application. The types of by components include , Solutions, Services. By Deployment include, Cloud, On-premise. The By Enterprise Type include Large Enterprise, SMEs. The By Application include Air and Water Pollution Monitoring, Carbon Footprint Management, Crop Monitoring, Fire Detection, Forest Monitoring, Green Building, Soil Condition/Moisture Monitoring, Sustainable Mining and Exploration, Water Management, Weather Monitoring and Forecasting
Theregion of North America lead the medical devices market by benefitting a market size of USD 5.84 billion in 2023as the electrification continues to spread across various industries, utilities are expected to investigate fresh, adaptable business strategies aimed at providing greater value to consumers of storage and micro grid services.
The top players in the market play a crucial role in the Information & Communication Technology assuring industrial prospectus, growth and setting high market standards. These players 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.) these market players provide a level-playing competitive landscape.
In October 2023, Wolters Kluwer Enablon presented a new developmental breakthrough, in a platform called as Enablon Vision Platform that had new features for the environment, operations, and safety teams such as data visibility, automation and dashboards.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 19.7% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Component
Solutions
Services
By Deployment
Cloud
On Premise
By Enterprise Type
Large Enterprise
SMEs
By Application
Air and Water Pollution Monitoring
Carbon Footprint Management
Crop Monitoring
Fire Detection
Forest Monitoring
Green Building
Soil Condition/Moisture Monitoring
Sustainable Mining and Exploration
Water Management
Weather Monitoring and Forecasting
Others
By Region
North America (By Component, By Deployment, By Enterprise Type, By Application, and By Country)
-U.S.
-Canada
-Mexico
South America (By Component, By Deployment, By Enterprise Type, By Application,and By Country)
-Brazil
-Argentina
-Rest of South America
Europe (By Component, By Deployment, By Enterprise Type, By Application, and By Country)
-U.K.
-Germany
-France
-Italy
-Spain
-Russia
-Benelux
-Nordics
-Rest of Europe
Middle East & Africa (By Component, By Deployment, By Enterprise Type, By Application, and By Country)
-Turkey
-Israel
-GCC
-North Africa
-South Africa
-Rest of MEA
Asia Pacific (By Component, By Deployment, By Enterprise Type, By Application, and By Country)
-China
-India
-Japan
-South Korea
-ASEAN
-Oceania
-Rest of Asia Pacific