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Exponential Growth in Green Technology and Sustainability Market: Influenced by a 24.4% CAGR, Market Drivers and Embracing Trends
Exponential Growth in Green Technology and Sustainability Market
What Is The Projected Market Size Of The Global Green Technology and Sustainability Market And Its Growth Rate?
• The market was valued at $18.81 billion in 2024 and is estimated to grow to $23.41 billion in 2025, exhibiting a CAGR of 24.4%.
• The growth in the historic period can predominantly be attributed to investments and funding, renewable energy expansion, corporate sustainability initiatives, waste management solutions, energy efficiency programs, urbanization, and sustainable infrastructure.
• By 2029, the market is set to soar to $55.06 billion with a CAGR of 23.8%.
• The growth in the forecast period will be triggered by consumer demand for sustainability, energy efficiency improvements, circular economy adoption, corporate sustainability commitments, and climate change concerns.
What Is Driving The Growth In The Green Technology and Sustainability Market?
The surging fuel prices and intensifying pollution levels are the major forces driving the green technology and sustainability market. The surge in prices refers to the upswing in global gasoline prices. Pollution, largely caused by human activities such as fossil fuel use in industry, transport and agriculture inputs, is leading to a greater demand for green technology and sustainability solutions. Examples of these include solar panels, wind turbines, and geothermal wells. For instance, according to The Environmental Protection Agency, in 2022, U.S. greenhouse gas emissions rose by 0.2% compared to 2021, totaling 6,343.2 million metric tons of CO2 equivalent. Thus, it is clear that the mounting fuel prices and escalating pollution levels will continue to spur the green technology and sustainability market.
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Who Are the Key Players Driving Green Technology and Sustainability Market Growth?
• General Electric Company
• Intelex Technologies Inc.
• Microsoft Corporation
• ConsenSys
• Salesforce.com Inc.
• Schneider Electric SE
• Trace Genomics
• ENGIE Insight Services Inc.
• LO3 Energy
• Enablon
• MineSense Technologies Ltd.
• Enviance
• IsoMetrix Software
• Oracle Corporation
• Tech Mahindra Ltd.
• International Business Machines Corporation
• Sunnova Energy International Inc.
• SunPower Corporation
• Siemens Gamesa Renewable Energy SA
• SolarEdge Technologies Inc.
• Brookfield Renewable Partners LP
• Autodesk Inc.
• Evoqua Water Technologies Corp.
• Bloom Energy Corporation
• Burcon NutraScience
• JinkoSolar Holding Co. Ltd.
• Johnson Controls International PLC
• Suntech Power Co. Ltd.
• Hanwha Q CELLS Co. Ltd.
• Trina Solar Co. Ltd.
What Are The Key Trends In The Green Technology and Sustainability Market?
• Climate change mitigation
• Investment in R&D
• Corporate sustainability commitments
• Circular economy initiatives
• Urban sustainability
What Are The Segments Of The Global Green Technology and Sustainability Market?
• By Component: Solution, Services
• By Technology: Internet of things (IoT), AI And Analytics, Digital Twin, Cloud Computing, Security, Block-chain
• By Application: Green Building, Carbon Footprint Management, Weather Monitoring And Forecasting, Air And Water Pollution Monitoring, Forest Monitoring, Crop Monitoring, Soil Condition And Moisture Monitoring, Water Purification, Other Applications
Which Region Leads The Green Technology and Sustainability Market?
North America held the largest market share in the green technology and sustainability market in 2024. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Green Technology and Sustainability Market Global Market Report?
- Market Size Analysis: Analyze the Green Technology and Sustainability Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Green Technology and Sustainability Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Green Technology and Sustainability Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Green Technology and Sustainability Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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