Green Technology and Sustainability Market

Global Green Technology And Sustainability Market Size, Share, Growth Analysis, By Technology(Internet of Things (IoT), Cloud Computing), By Application(Green Building, Carbon Footprint Management) - Industry Forecast 2022-2028


Report ID: SQMG45B2005 | Region: Global | Published Date: November, 2022 | Pages: 157

Global Green Technology And Sustainability Market Insights

The Global Green Technology and Sustainability Market was valued at USD 12.36 Billion in 2021, and it is expected to reach a value of USD 49.99 Billion by 2028, at a CAGR of 22.10% over the forecast period (2022-2028)

Green technologies are environmentally friendly solutions that lead to economic and social sustainability. It is commonly referred to as clean technology production, in which energy is generated as an alternative natural fuel that is less detrimental to the environment than fossil fuels. Furthermore, the primary purpose of green technology is to safeguard the environment as well as to remedy past environmental harm. Furthermore, several governments across the world are spending extensively in green technology to protect nature and lessen the negative influence on the environment, which is encouraging Green Technology and Sustainability Market growth. Additionally, with an unprecedented COVID-19 health crisis, the artificial intelligence and analytics segment is expected to grow at a significant rate during the forecast period, owing to increased adoption of artificial intelligence and analytics by manufacturing and other industries to resume supply chain operations.

Market snapshot

Global Market Size

USD 12.36 Billion

Largest Segment

Green Building

Fastest Growth

Green Building

Growth Rate

22.10% CAGR

Global Green Technology and Sustainability Market, 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
Global Green Technology and Sustainability Market Size By Application , 2021-2028 ($ Mn)
Global Green Technology and Sustainability Market Size By Application, 2021-2028 (%)

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Global Green Technology And Sustainability Market Segmental Analysis

The Global Green Technology and Sustainability Market is segmented based on technology as internet of things (IoT), cloud computing, artificial intelligence & analytics, digital twin, cybersecurity, and blockchain. By application Green Technology and Sustainability Market is segmented based on green building, carbon footprint management, weather monitoring & forecasting, air & water pollution monitoring, forest monitoring, crop monitoring, soil condition/moisture monitoring, water purification, and others. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Application

During the projection period, the green building category is expected to account for the largest Green Technology and Sustainability Market share. Green building, also known as sustainable or high-performance building, is the practice of designing and implementing structures and processes that are environmentally responsible and resource-efficient throughout the life cycle of a building, from siting to design, construction, operation, maintenance, renovation, and deconstruction. The technique adds features of economy, usability, durability, and comfort to traditional building design. The key factors are energy and water efficiency, resource efficiency, interior environmental quality, and the overall environmental effect of the structure.

Global Green Technology and Sustainability Market By Application , 2021(%)

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Global Green Technology And Sustainability Market Regional Insights

North America is expected to have the largest Green Technology and Sustainability Market size by 2021, owing to the region's significant number of green technology and sustainability providers. Vendors are concentrating on R&D and the integration of new technologies to address the problem of climate change and rising levels of emissions, pollution, and waste. APAC is predicted to be an attractive investment market, with the largest CAGR throughout the projection period. This expansion may be ascribed to emerging countries such as China, India, and Singapore focusing on the integration of new technology to improve corporate operations.

Global Green Technology and Sustainability Market By Geography, 2021 - 2028
  • Largest
  • Fastest

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Global Green Technology And Sustainability Market Dynamics

Driver

  • The term "Internet of Things" has been used to denote a variety of technologies and study areas that enable global communication over physical items. RFID, sensor networks, biometrics, and nanotechnologies are increasingly commonplace, propelling IoT ahead to handle a variety of applications such as smart grid, eHealth, and intelligent transportation. Sensors and smart devices connecting via high-speed data can conduct certain duties autonomously, necessitating new forms of green communication between diverse smart devices in which power consumption and bandwidth usage are improved. Smart agricultural sensors, for example, collect data on weather conditions, soil quality, and crop growth progress. This information may be utilised to monitor employee performance and equipment efficiency.

Restraint

  • Building and constructing solar and wind farms has a significant capital cost. Solar and wind farms, like other renewables, are extremely expensive to run because their fuel is free and maintenance is minimal. As a result, the majority of the money is spent on developing technology-based goods or solutions. Air quality monitoring, carbon footprint management, and air and water pollution monitoring are just a few of the applications where the use of cutting-edge technology IoT sensors necessitates significant maintenance costs. For example, when it comes to air quality monitoring software, which is used for analysing and testing air quality parameters, the detection of chemical and biological components from the air necessitates the use of advanced cutting-edge technologies such as gas sensors, RFID, and PCR-based biosensors, all of which are expensive.

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Global Green Technology And Sustainability Market Competitive Landscape

To expand their Green Technology and Sustainability Market offers, green technology and sustainability vendors have employed a variety of organic and inorganic development tactics, such as new product releases, product upgrades, collaborations and agreements, business expansions, and mergers and acquisitions.

Top Players Company Profiles

Recent Developments

  • In May 2022, Salesforce and Amazon Web services partnered on open-source technology to help non-profits accelerate impact.
  • In November 2021, Microsoft has entered a deal with L&T Technology, a provider of engineering services. The collaboration sought to give the L&T Microsoft Azure Energy & Sustainability Manager Solution to digitally transform and construct future eco-friendly factories.
  • In October 2021, Xylem has partnered with Imagine H2O, the world's top water innovation accelerator and ecosystem for water businesses. Through this collaboration, the two groups would focus on releasing cutting-edge technology and assisting communities in gaining access to the solutions required to provide citizens with secure, cost-effective, and dependable water.
  • In October 2021, Schneider Electric has partnered with Hyatt Centric Jumeirah Dubai, a luxurious boutique hotel in Jumeirah with amazing ocean views. Schneider Electric introduced EcoStruxure Building Operation 3.0, a comprehensive building management system, at the Hyatt Centric Jumeirah Dubai as part of this collaboration. This innovative system would lower the total energy consumption of the facility, as well as the hotel's carbon emissions and operational maintenance expenses.

Global Green Technology And Sustainability Key Market Trends

  • In recent years, there has been an upsurge in demand for sustainable development. The goal of achieving carbon neutrality has become a global concern. For instance, the European Union's Climate Target Plan intends to reduce harmful gas emissions by 55 percent by 2020 and achieve climate neutrality by 2050. Companies are investing in green and clean technology. For instance, Ford Motor Company opened a USD 11.5 billion electric car plant in January 2020. This will aid in the creation of North America's largest electric vehicle charging network. In the coming years, such initiatives are projected to boost Green Technology and Sustainability Market growth.
  • Environmental, Social, and Governance (ESG) goals have emerged as a critical differentiation for big players. While regulatory entities have generally forced adherence to governance principles, most companies have voluntarily joined up to satisfy environmental and social goals, with a particular focus on gender diversity and sustainability. For instance, Godrej has successfully increased its renewable energy portfolio to 30%, achieved a 37% reduction in specific greenhouse gas emissions, diverted 99.5% of waste from landfills, and reduced specific water consumption by 32%.

Global Green Technology And Sustainability Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, companies in the technology industry are looking for ways to lower the energy usage of their products. Companies are working on building energy-efficient products, power supplies, and integrated circuits, as well as developing collaborative solutions to assist clients in reducing their carbon footprint. Environmentally friendly corporate policies decrease company risks, boost reputation, and create massive Green Technology and Sustainability Market prospects in the green technology and sustainability markets. In today's wireless era, countless gadgets employ wireless technology in their daily operations; these wireless devices consume a significant amount of energy and generate a significant quantity of carbon when in use. Technology behemoths like Apple are assisting their industrial partners in lowering their carbon footprint by collaborating with them to deploy more than four gigatonnes of new renewable energy globally by 2020.

Report Metric Details
Market size value in 2021 USD 12.36 Billion
Market size value in 2028 USD 49.99 Billion
Growth Rate 22.10%
Base year 2021
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Internet of Things (IoT), Cloud Computing, Artificial Intelligence & Analytics, Digital Twin, Cybersecurity, Blockchain
  • Application
    • Green Building, Carbon Footprint Management, Weather Monitoring & Forecasting, Air & Water Pollution Monitoring, Forest Monitoring, Crop Monitoring, Soil Condition/Moisture Monitoring, Water Purification, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Green Technology And Sustainability Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Green Technology And Sustainability Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Green Technology And Sustainability Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Green Technology And Sustainability Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Green Technology And Sustainability Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Green Technology And Sustainability Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

The Global Green Technology and Sustainability Market was valued at USD 12.36 Billion in 2021, and it is expected to reach a value of USD 49.99 Billion by 2028, at a CAGR of 22.10% over the forecast period (2022-2028)

To expand their Green Technology and Sustainability Market offers, green technology and sustainability vendors have employed a variety of organic and inorganic development tactics, such as new product releases, product upgrades, collaborations and agreements, business expansions, and mergers and acquisitions.'GE (US)','Enablon (France)','Salesforce (US)','Microsoft (US)','Schneider Electric (France)','Engie Impact (US)','Intelex (Canada)','Enviance (US)','Sensus (US)'

The term "Internet of Things" has been used to denote a variety of technologies and study areas that enable global communication over physical items. RFID, sensor networks, biometrics, and nanotechnologies are increasingly commonplace, propelling IoT ahead to handle a variety of applications such as smart grid, eHealth, and intelligent transportation. Sensors and smart devices connecting via high-speed data can conduct certain duties autonomously, necessitating new forms of green communication between diverse smart devices in which power consumption and bandwidth usage are improved. Smart agricultural sensors, for example, collect data on weather conditions, soil quality, and crop growth progress. This information may be utilised to monitor employee performance and equipment efficiency.

In recent years, there has been an upsurge in demand for sustainable development. The goal of achieving carbon neutrality has become a global concern. For instance, the European Union's Climate Target Plan intends to reduce harmful gas emissions by 55 percent by 2020 and achieve climate neutrality by 2050. Companies are investing in green and clean technology. For instance, Ford Motor Company opened a USD 11.5 billion electric car plant in January 2020. This will aid in the creation of North America's largest electric vehicle charging network. In the coming years, such initiatives are projected to boost Green Technology and Sustainability Market growth.

North America is expected to have the largest Green Technology and Sustainability Market size by 2021, owing to the region's significant number of green technology and sustainability providers. Vendors are concentrating on R&D and the integration of new technologies to address the problem of climate change and rising levels of emissions, pollution, and waste. APAC is predicted to be an attractive investment market, with the largest CAGR throughout the projection period. This expansion may be ascribed to emerging countries such as China, India, and Singapore focusing on the integration of new technology to improve corporate operations.

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