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Comprehensive Green Technology and Sustainability Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Green Technology and Sustainability Market Size
Anticipated market growth in green technology and sustainability is fueled by soaring fuel prices and escalating pollution levels. The spike in fuel prices relates to the increased costs of petrol on the global market. Pollution, on the other hand, can be attributed to a myriad of human activities, ranging from industrial and transportation usage of fossil fuels to the agricultural application of synthetic fertilisers and pesticides. As a result, there is a heightened demand for more sustainable practices and green technologies which can harness natural energy sources like solar panels, wind turbines, dams, and geothermal wells. For instance, the U.S. Environmental Protection Agency revealed in July 2024 that U.S. greenhouse gas emissions in 2022 had risen by 0.2% in comparison to 2021, totalling 6,343.2 million metric tons of CO2 equivalent. Thus, the spiralling fuel costs and intensifying pollution levels are expected to steer the market towards more eco-friendly and sustainable technology solutions.
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What is the projected compound annual growth rate (CAGR) of the green technology and sustainability market from 2025 to 2034, and what factors influence it?
The market size for green technology and sustainability has seen significant growth in the previous years. From 2024 to 2025, the market is expected to increase from $18.81 billion to $23.41 billion, exhibiting a compound annual growth rate (CAGR) of 24.4%. The notable growth during the historical period is due to variables such as investment and funding, the broadening of renewable energy, initiatives for corporate sustainability, solutions for waste management, programs for energy efficiency, urban development, and infrastructure sustainability.
The market size of green technology and sustainability is anticipated to witness significant increase over the coming years, escalating to $55.06 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 23.8%. This increase during the forecasting period is due to factors such as the growing demand for sustainability from consumers, enhancements in energy efficiency, the implementation of a circular economy, commitments to corporate sustainability, and worries about climate change. The major market trends observed during this forecast period involve measures to mitigate climate change, investments in research and development, commitments to corporate sustainability, initiatives related to the circular economy, and sustainable urban development.
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How are the latest trends influencing the growth of the green technology and sustainability market?
The green technology and sustainability market is increasingly characterized by technological developments and the uptake of groundbreaking technologies. Several entities are pouring significant investments into enhancing their technical capabilities to offer sustainable solutions and reduce dependence on fossil resources. As a case in point, ABB Ltd., a Swiss firm specializing in electrification and automation, unveiled the ABB Ability OPTIMAX in November 2022. This energy management system caters specifically to green hydrogen production, with the potential to cut electricity-related costs for manufacturers by up to 20%. The system incorporates features such as forecasting and intra-day planning, enabling businesses to maintain competitive grid trading.
What are the major segments of the green technology and sustainability market and their role in driving growth?
The green technology and sustainability market covered in this report is segmented -
1) By Component: Solution, Services
2) By Technology: Internet of things (IoT), AI And Analytics, Digital Twin, Cloud Computing, Security, Block-chain
3) 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
Subsegments:
1) By Solution: Energy Management Solutions, Water Management Solutions, Waste Management Solutions, Sustainable Agriculture Solutions
2) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training And Education Services
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Which regions are key players in the growth of the green technology and sustainability market?
North America was the largest region in the green technology and sustainability market share in 2024. The regions covered in the green technology and sustainability market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the green technology and sustainability market?
Major companies operating in the green technology and sustainability market are 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.
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What Is Covered In The Green Technology and Sustainability Global Market Report?
• Market Size Forecast: Examine the green technology and sustainability market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the green technology and sustainability market for a structured understanding.
• Key Players Overview: Analyze major players in the green technology and sustainability market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the green technology and sustainability market.
• Segment Contributions: Evaluate how different segments drive overall growth in the green technology and sustainability market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the green technology and sustainability market.
• Industry Challenges: Identify potential risks and obstacles affecting the green technology and sustainability market.
• Competitive Landscape: Review strategic developments in the green technology and sustainability market, including expansions, agreements, and new product launches.
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