Green Technology and Sustainability Market Overview
In 2023, the green technology and sustainability market was estimated to be worth $15.39 billion USD. The size of the global market for green technology and sustainability is anticipated to increase at a compound annual growth rate (CAGR) of 22% during the projected period.
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Green Technology and Sustainability Market Scope and Methodology:
The report describes the competitive landscape, identifies key competitors and their market positions, and provides an in-depth overview of the Green Technology and Sustainability industry. It also covers new product developments and technological trends in the market. Detailed data on revenue, sales volume, and average prices are provided for the entire Green Technology and Sustainability market and its sub-segments benefiting companies, new entrants, and industry-related companies in the Green Technology and Sustainability market. Green Technology and Sustainability Market analysis identifies current market trends that affect growth and potential.
The report includes both qualitative and quantitative research, with a focus on data interpretation, pattern recognition, and deep understanding. Market segments and sectors are studied using a hierarchical approach that examines the strategies of Green Technology and Sustainability industry-leading companies. The report also includes information on import/export activities, market dynamics, values, costs, revenue and gross margins.
Green Technology and Sustainability Market Regional Insights
In a regional analysis, the Green Technology and Sustainability market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Regions are categorized into countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia and South Korea.
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Green Technology and Sustainability Market Segmentation
by Technology
Internet of Things (IoT)Cloud ComputingArtificial Intelligence & AnalyticsOthers
The IoT, Cloud Computing, AI, and Other segments make up the Green Technology and Sustainability Market. In terms of technology, the Internet of Things (IoT) segment led the green technology and sustainability market in 2023, and it is anticipated that it will maintain its leading position for the duration of the forecast. The primary factor propelling the expansion of the IoT technology category is the implementation of green networks in IoT connections, which have reduced the abuse of environmental conservation and surveillance, limited pollutants and emissions, and reduced operational costs and power consumption. However, because of the quick adoption of these technologies by several international companies, the artificial intelligence and analytics category is anticipated to expand at the quickest rate over the projected period.
by Application
Green BuildingCarbon Footprint ManagementWeather Monitoring & ForecastingAir and Water Pollution MonitoringOthers
The market for green technology and sustainability is divided into several segments, including weather monitoring and forecasting, carbon footprint management, air and water pollution monitoring, green buildings, and others. The green building industry is anticipated to be the largest market over the forecast period. The life cycle of a building should be as resource- and environmentally-conscious as feasible, starting with site selection and continuing through design, construction, operation, maintenance, repair, and deconstruction. This method is called "green building," sometimes referred to as high-performance or sustainable building. The technique enhances the conventional building design with aspects of price, usability, durability, and comfort. Resource efficiency, interior environmental quality, energy and water efficiency, and the overall environmental impact of the construction are the primary considerations.
by Component
SolutionServices
The market for sustainability and green technology is divided into two segments: services and solutions. The solution category is anticipated to hold a larger market share throughout the course of the projection period. Since the beginning of globalization and technological advancement, the environment has been continuously mistreated. Emerging technologies enable new approaches to sustainable development and green technology that also include their social, economic, and environmental implications. As a result, growing awareness of technology's detrimental effects on the environment is largely responsible for verticals' adoption of green technology and sustainability solutions globally, which in turn drives the market's expansion.
Green Technology and Sustainability Market Key Players
1.Cropx Inc.2.Enablon3.Enviance4.General Electric Company5.Hortau6.International Business Machines Corporation7.Lo3 Energy8.Oracle Corporation9.Trace Genomics, Inc.10.Tech Mahindra Ltd.11.Salesforce12.Microsoft13.Schneider Electric14.Intelex15.Sensus16.Isometrix17.SMAP Energy18.Accuvio
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Key questions answered in the Green Technology and Sustainability Market are:
- What is Green Technology and Sustainability?
- What was the Green Technology and Sustainability market size in 2023?
- What is the growth rate of the Green Technology and Sustainability Market?
- Which is the fastest-growing region in the Green Technology and Sustainability market?
- Which are the factors expected to drive the Green Technology and Sustainability market growth?
- What is the CAGR at which the Green Technology and Sustainability market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in Green Technology and Sustainability?
- What are the upcoming opportunities and trends for the Green Technology and Sustainability Market?
- What are the different segments of the Green Technology and Sustainability Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Green Technology and Sustainability Market?
- What segments are covered in the Green Technology and Sustainability Market?
- Who are the key players in the Green Technology and Sustainability market?
- Who are the leading companies and what are their portfolios in Green Technology and Sustainability Market?
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