Green Technology and Sustainability Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2018-2028, Segmented By Component (Solution, Services {Consulting, Integration and Technology, Support and Maintenance}), By Technology (IoT, AI and Analytics, Digital Twin, Cloud Computing, Security, Blockchain), By Application (Carbon Footprint Management, Green Building, Water
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGreen Technology and Sustainability Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2018-2028, Segmented By Component (Solution, Services {Consulting, Integration and Technology, Support and Maintenance}), By Technology (IoT, AI and Analytics, Digital Twin, Cloud Computing, Security, Blockchain), By Application (Carbon Footprint Management, Green Building, Water
Global green technology and sustainability market is expected to expand during the forecast period due to increasing demand for green technology. Global issues, including climate change, overuse, and depletion of natural resources, rapid population expansion, and environmental pollution, are among the main causes of the increasing demand for green technology, which is less detrimental to the environment and aid in protecting natural resources.
According to its supply chain or manufacturing process, green technology is described as a category of technology that is thought to be environmentally beneficial. In other terms, the term "green technology" can also apply to the generation of clean energy, the use of substitute methods, and the use of fuels that are less damaging to the environment than fossil fuels. It covers a wide range of scientific disciplines, such as hydrology, atmospheric science, agriculture, and energy.
Growing Awareness and Concerns Towards the Environment
After significant events in the world, environmental conservation became a major topic. For instance, the massive industrial catastrophe in India in 1984, the oil crisis, the nuclear tragedy, the hole in the ozone layer, and the destruction of the Amazon rainforest. The significance of environmental health has been widely recognized as a result of these events. The environmental movement has started, and several governments, businesses, and organizations have passed laws and rules requiring green management. Additionally, when it comes to global warming, the United Nations' agenda's top priorities are "green" technology, green economics, and green lifestyles. Thus, green innovations will be accepted globally, and the green industry will make investments across all spheres of human endeavor. Only green technology is an advancement that does not affect living beings. Robotics, artificial intelligence, and automated vehicles use green digital at the core of the fourth industrial revolution. Since the depletion of fossil fuels poses a serious risk to sustainability and human advancement, companies can also get an advantage over rivals and gain market share by implementing green technologies. Green innovation lowers the cost of materials, energy, upkeep, and operations. Additionally, it can enhance a company's environmental reputation, particularly among environmentally conscious customers of competitors.
The Rise of the Internet of Things (IoT)
As digital technology and green technology are highly interdependent, cutting-edge technologies like the Internet of Things (IoT) will be crucial to the expansion of the green technology industry. The Internet of Things (IoT) is a sizable network of connected things that can talk to one another. Green technology will expand as a result of the IoT market's expansion and development. IoT technology can aid in enhancing sustainability in a variety of fields, including waste management, agriculture, wildlife preservation, construction, and wastewater management. Sustainable growth requires each of these components. The ultimate objective is to use IoT and green technology to enhance sustainability across all industries.
Increase in Consumer and Industrial Interest for the Use of Clean Energy Resources
Green technology advancements are mostly driven by an increase in energy consumption and greenhouse gas emissions. The focus on clean energy resources has grown as people are becoming more conscious of emissions from manufacturing industries like mining and forest monitoring. Major leading players are choosing these solutions at a significant rate due to the quick uptake of smart grid technology in various industries as well as the advantages of grid technology, such as cost effectiveness and dependable grid integration as well as technological innovation of green technology.
Market Segments
Green Technology and Sustainability Market is segmented into Component, technology, application, and region and competitive landscape. Based on component, the market is segmented into solution and services. Based on services, the market is further divided into consulting, integration and technology, support and maintenance. Based on technology, the market is segmented into IoT, AI and Analytics, Digital Twin, Cloud Computing, Security, Blockchain.
Market Players
Recent Developments
In 2020, the US Department of Energy's Versatile Test Reactor (VTR) will be designed and built by GE Hitachi Nuclear Energy (GEH) and TerraPower as part of a Public Private Partnership (DOE).
In 2021, CropX and NASA Harvest will work together as part of a partnership to deliver soil insights to NASA Harvest, a food security and agriculture initiative, allowing it to better track global agriculture. The data required to farm more sustainably by preserving resources and increasing yields will be made found at to farmers and industry professionals by the two companies working together.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 20212 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | · By Component · By Technology · By Application · By Region |
| Regional Scope | North America, Europe, Asia Pacific, South America and Middle East & Africa |
| Country Scope | US.; Canada; Mexico; U.K.; Germany; Italy; France, Spain; China; India; Japan; South Korea; Singapore; Saudi Arabia; UAE; South Africa; Brazil; Argentina; Colombia; Chile; Venezuela |
| Key companies profiled | General Electric Company, Wolters Kluwer N.V., Salesforce.com Inc, Microsoft Corporation, Schneider Electric Infrastructure Ltd, Engie Impact, Sensus USA, Inc., Enviance, Inc, Intelex Technologies Inc., CropX Inc., Oracle Corporation |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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