Press release
Global Environmental Technology Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Environmental Technology
How Big Is the Environmental Technology Market Size Expected to Be by 2034?
The steady expansion of the environmental technology market size has been seen in recent years. Its growth is projected to increase from $565.52 billion in 2024 to $586.5 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.7%. This progression during the historic period can be linked to factors such as global environmental issues, shift towards renewable energy, emergence of corporate sustainability measures, waste management and recycling, understanding of air quality concerns, and strategies for reducing carbon emissions.
The market size of environmental technology is predicted to experience substantial growth in the upcoming years, reaching $780.47 billion in 2029 with a compound annual growth rate (CAGR) of 7.4%. The growth during this forecast period is linked to global focus on climate measures, increasing investment in renewable energy, surging demand for sustainable farming, circular economy strategies, and governmental regulations and incentives. Noteworthy trends during this forecast period encompass advancements in renewable energy, smart grid technology, energy storage solutions, applications of circular economy principles, and innovative methods in water and wastewater treatments.
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What Are the Emerging Segments Within the Environmental Technology Market?
The environmental technology market covered in this report is segmented -
1) By Technology: IoT, Artificial Intelligence, Cloud Computing, Blockchain
2) By Components: Services, Solutions
3) By Application: Air And Water Pollution Monitoring, Water Purification, Crop Monitoring, Management of Carbon Footprints, Waste Management, Other Applications
4) By Vertical: Residential, Industrial Transportation And Logistics
Subsegments:
1) By IoT (Internet Of Things): Smart Sensors, Environmental Monitoring Systems, Smart Waste Management, Energy Management Systems
2) By Artificial Intelligence: Predictive Analytics, Machine Learning Applications, Natural Language Processing For Environmental Data, AI In Resource Management
3) By Cloud Computing: SaaS (Software As A Service) Solutions, PaaS (Platform As A Service) For Environmental Applications, Cloud Storage For Environmental Data, Cloud-Based Analytics Tools
4) By Blockchain: Supply Chain Management Solutions, Carbon Credit Trading Platforms, Renewable Energy Certificates, Data Integrity And Security Solution
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What Long-Term Drivers Are Shaping Environmental Technology Market Trends?
The environmental technology market is anticipated to expand due to the government's efforts towards sustainability and ecological innovation. These governmental initiatives enable the public to voice their opinions and participate in voting on matters of shared concern. Such engagements also assist in promoting green technology and sustainability through waste recycling, water purification, pollution reduction in water bodies and the atmosphere, and preservation of natural resources and surroundings. To demonstrate, in 2023, Strom4, a British GreenTech recruitment corporation, stated that the Australian government has designated a $740 Million Investment Fund for green and low-emission technology development. This aims to stimulate private sector investment matching public contributions, positioning Australia at the forefront of scalable green technology deployment.
Who Are the Top Competitors in Key Environmental Technology Market Segments?
Major companies operating in the environmental technology market include Lennox International Inc., Abetment Technologies Inc., AECOM Technology Corporation, Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc., Veolia Environnement S. A., Biffa plc, Svante Inc., Carbon Clean Solutions Limited, Total S. A., Covanta Holding Corporation, Cypher Environmental Ltd., CarbonCure Technologies Inc., TRC Companies Inc., Indigo Agriculture Inc., Impossible Foods Inc., GlaxoSmithKline plc (GSK), ecoRobotix SA, Centre for Process Innovation (CPI), Ricardo plc, Measurabl Inc., Cloverly Inc., Sourcemap Inc., Johnson Matthey plc, GridX Inc., Tortuga AgTech Inc., AIR COMPANY Corp., R-Zero Holdings Inc., UL Solutions Inc.
What Environmental Technology Market Trends Are Gaining Traction Across Different Segments?
Top businesses in the environmental technology market are employing strategics alliances to revolutionize the industry. This refers to a method where firms utilize each other's assets and strengths to secure mutual success and advantages. For example, in October 2023, Battero Tech Co. Ltd., a Chinese firm that focuses on the growth of state-of-the-art battery technologies, teamed up with Kale Environmental Technology. This Chinese company is a specialist in creating renewable energy solutions. The partnership is expected to encourage creative developments in the energy storage industry and deliver long-lasting energy answers.
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Which Regions Are Becoming Hubs for Environmental Technology Market Innovation?
Asia-Pacific was the largest region in the environmental technology market in 2024.North America is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Environmental Technology Market?
2. What is the CAGR expected in the Environmental Technology Market?
3. What Are the Key Innovations Transforming the Environmental Technology Industry?
4. Which Region Is Leading the Environmental Technology Market?
Why This Report Matters:
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Efficient Research: Quickly identify market growth, leading players, and major segments.
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