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Major Growth Driver Identified in 2025 Clean Technology (CleanTech) Market: The Increase In Renewable Energy Integration The Growth Of The Market Due To Growing Demand For Sustainable Power Solutions
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Clean Technology (CleanTech) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for clean technology (cleantech) has experienced swift expansion. The projection is that it will rise from $759.05 billion in 2024 to $837.53 billion in 2025, at a compound annual growth rate (CAGR) of 10.3%. The remarkable growth during the historical period can be traced back to factors such as growing consumer and business interest in environmental preservation, surging demand for electric vehicles, an increase in sustainable construction projects, enhanced integration of renewable energy resources, and heightened support and incentives from governments.
Clean Technology (CleanTech) Market Size Forecast: What's the Projected Valuation by 2029?
The clean technology market, also known as cleantech, is projected to experience substantial growth in the near future, expanding to $1253.56 billion by 2029 with a compound yearly growth rate (CAGR) of 10.6%. The expected surge in the period under prediction can be linked to the emergence of hydrogen as a source of clean energy, increasing usage of repurposed EV batteries, escalating demand for zero-emission transport, mounting apprehensions over energy security, tightening industrial energy efficiency requirements, and expanding infrastructure for green hydrogen. The forecast period will also see trends such as enhanced battery technologies, progress in clean energy methodologies, the expansion of circular economy models, innovative developments in floating wind farms, and the incorporation of artificial intelligence in energy efficiency systems.
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What Are the Drivers Transforming the Clean Technology (CleanTech) Market?
The growth of the clean technology (CleanTech) market is anticipated to be driven by the increasing adoption of renewable energy sources. These sources, which replenish naturally and include solar, wind, and hydropower, serve as sustainable alternatives to fossil fuels. This shift towards renewable energy has been instigated by concerns over climate change and the pressing need to reduce emissions. The role of CleanTech in this context is critical as it provides sophisticated technologies and intelligent infrastructure that facilitates the integration of renewable energy sources. They do this by optimising generation, storage, and distribution across the energy grid. For example, the European Environment Agency, a government agency based in Denmark, reported in March 2024, that 23% of the energy consumed in the European Union (EU) in 2022 was generated from renewable sources, a rise from 21.9% in 2021. Hence, the growth in the integration of renewable energy sources is a key driver for the clean technology (CleanTech) market.
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What Long-Term Trends Will Define the Future of the Clean Technology (CleanTech) Market?
Key players in the CleanTech sector are emphasizing the adoption of initiatives that support innovation, such as accelerator programs, to stimulate startups, facilitate sustainable solutions, and expedite the adoption of eco-friendly technologies. Accelerator programs are term-specific, cohort-based initiatives providing startups with mentors, resources, and financial backing to assist achieving rapid growth and scaling their businesses. For instance, FedTech, a venture company based in the U.S., initiated the Four Corners Cleantech Accelerator in January 2025. This program aims to promote innovation in green energy throughout Arizona, Colorado, New Mexico, and Utah. The accelerator provides a structured series of workshops for startups on business model development and cleantech commercialisation, as well as customized advice services for established businesses on aspects such as intellectual property, market strategy, and pitch support. The program places significant importance on inclusivity, prioritizing entrepreneurs from underserved areas and promoting cooperation with national labs and industry professionals.
Which Segments in the Clean Technology (CleanTech) Market Offer the Most Profit Potential?
The clean technology (cleantech)market covered in this report is segmented -
1) By Type: Renewable Energy Technologies, Energy Storage Solutions, Energy Efficiency Solutions, Water And Waste Management, Agriculture And Food Systems, Air And Environment Management
2) By Technology: Solar Photovoltaic, Batteries And Energy Storage, Onshore And Offshore Wind System, Hydrogen And Renewable Gas, Carbon Sequestration, Other Technologies
3) By Application: Industrial, Transportation, Manufacturing, Utilities, Chemicals, Electronics, Agriculture, Other Applications
4) By End-User: Government, Corporations, Non-Governmental Organizations (NGOs), Individuals
Subsegments:
1) By Renewable Energy Technologies: Wind Energy, Hydropower, Bioenergy, Geothermal Energy, Ocean And Tidal Energy
2) By Energy Storage Solutions: Lithium-ion Batteries, Flow Batteries, Compressed Air Energy Storage, Thermal Energy Storage, Hydrogen Storage
3) By Energy Efficiency Solutions: Smart Grids And Meters, Light Emitting Diode Lighting Systems, Energy Management Systems, High-Efficiency Heating, Ventilation, And Air Conditioning, Building Automation And Controls, Industrial Process Optimization
4) By Water And Waste Management: Wastewater Treatment Technologies, Water Recycling And Reuse, Smart Water Management Systems, Solid Waste Management, Waste-To-Energy Technologies, Desalination Technologies
5) By Agriculture And Food Systems: Precision Agriculture, Controlled Environment Agriculture, Vertical Farming, Sustainable Aquaculture, Waste-To-Fertilizer Technologies
6) By Air And Environment Management: Carbon Capture, Utilization, And Storage, Air Quality Monitoring Systems, Emission Control Technologies, Environmental Sensing And Analytics, Pollution Control Equipment, Sustainable Urban Planning Solutions
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Which Firms Dominate the Clean Technology (CleanTech) Market by Market Share and Revenue in 2025?
Major companies operating in the clean technology (cleantech) market are Tesla Inc, Veolia Environnement S.A., LG Chem Ltd, Schneider Electric SE, Mitsubishi Electric Corporation, Honeywell International, ABB Ltd, NextEra Energy Inc, Johnson Controls International, Orsted A/S, Enel Green Power, First Solar Inc, Enphase Energy Inc., Siemens Gamesa Renewable Energy, SunPower Corporation, Ballard Power Systems Inc., Adani Group, Aeroseal LLC, e-Zinc Inc, ACE Green Recycling Inc
Which Regions Offer the Highest Growth Potential in the Clean Technology (CleanTech) Market?
North America was the largest region in the clean technology (CleanTech) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clean technology (cleantech) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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