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Green Technology & Sustainability Market worth $101.70 billion by 2030, growing at a CAGR of 14.66% - Exclusive Report by 360iResearch
Green Technology & Sustainability Market | 360iResearch
The Global Green Technology & Sustainability Market to grow from USD 39.01 billion in 2023 to USD 101.70 billion by 2030, at a CAGR of 14.66%.
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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.
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 Segmentation & Coverage:
This research report categorizes the Green Technology & Sustainability Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Solution. The Services is further studied across Consulting, Integration & Deployment, and Support & Maintenance. The Solution is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Artificial Intelligence & Analytics, Blockchain, Cloud Computing, Cybersecurity, Digital Twin, and Internet of Things. The Digital Twin is projected to witness significant market share during forecast period.
Based on Application, market is studied across 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, and Weather Monitoring & Forecasting. The Soil Condition or Moisture Monitoring is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.75% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Green Technology & Sustainability Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Green Technology & Sustainability Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
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..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Green Technology & Sustainability Market, by Component
7. Green Technology & Sustainability Market, by Technology
8. Green Technology & Sustainability Market, by Application
9. Americas Green Technology & Sustainability Market
10. Asia-Pacific Green Technology & Sustainability Market
11. Europe, Middle East & Africa Green Technology & Sustainability Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Green Technology & Sustainability Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Green Technology & Sustainability Market?
3. What is the competitive strategic window for opportunities in the Green Technology & Sustainability Market?
4. What are the technology trends and regulatory frameworks in the Green Technology & Sustainability Market?
5. What is the market share of the leading vendors in the Green Technology & Sustainability Market?
6. What modes and strategic moves are considered suitable for entering the Green Technology & Sustainability Market?
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