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The Green Technology & Sustainability Market size was valued at around 21.05 billion in 2024 and is expected to reach a value of USD 129.82 billion by 2033, at a CAGR of 20% over the forecast period (2025–2033).
The industry has the potential to expand with people and organizations increasing environmental awareness and global warming fears. Integrating advanced technologies such as the Internet of Things (IoT), artificial intelligence, and blockchain are increasingly focused on reducing wastage of energy, forecasting environmental change, and achieving maximum efficiency and effectiveness for green technologies. The implementation of carbon pricing mechanisms and trading platforms is likely to encourage companies to abate carbon emissions using digital technologies. The supportive government policies and incentives for abating carbon emissions and promoting clean energy are likely to propel the demand for green technologies and sustainable solutions.
Some of the key drivers of growth in this industry include increasing global awareness of the effects of climate change and the necessity to restrict carbon emissions. The governments, people, and corporations adopt green methods in a bid to reduce companies', processes', and consumerism's footprint on the environment. China, Germany, and the U.S. have heavily invested in starting a transition towards renewable energy sources, solar farms, and windmills and have made the renewables cheaper compared to conventional fossil fuel. Enhanced innovation and growing accessibility of low-cost renewable energy solutions have also fuelled this market's expansion.
Government policies to boost the adoption of green technology and raise awareness levels about sustainability are likely to play their part in the expansion of this market over the forecast period. Several governments offer subsidies to consumers who change from traditional energy solutions to sustainable sources. In addition, the inclusion of green technology and sustainability by the different countries in welfare activities and schemes has supported rising demand for this market. For example, in March 2024, the U.S. government administration launched a pilot program for Clean Energy Connector through the partnership of the Department of Health and Human Services (HHS) and the Department of Energy (DOE). Clean Energy Connector is a platform that helps to link families that are eligible under the Low-Income Home Energy Assistance Program (LIHEAP) with community solar subscriptions.
Utilization of sophisticated technology tools to minimize carbon footprint by various means, including performance improvement in the logistics sector, application of robotics in shipping and storage, implementation of drones and robots in manufacturing, delivery, inventory handling, and incorporation of technologies like artificial intelligence (AI) and Internet of Things (IoT) into business activities has led to significant developments. The application of wireless technologies to increase real-time monitoring of devices and hardware and decrease on-site visits by technicians in the manufacturing sector has lowered the carbon footprint of several users. The transition to smart building structures to enhance energy efficiency and the implementation of advanced technology-based systems for remote monitoring of asset health or machine failure resolution have also helped this market grow.
The market scope is segmented because of by Technology, by Application, by End-User Industry.
Carbon Capture and Storage (CCS) is another significant technology that captures CO₂ emissions from power generation and industry prior to release into the environment. ExxonMobil and other companies are investing in commercial-scale CCS projects to achieve carbon neutrality.
Green Hydrogen is on its way to becoming a cleaner fuel option, particularly for heavy transport and industry. Germany is at the forefront of hydrogen trains as a zero-emission form of transportation.
Energy Storage technologies such as lithium-ion and solid-state batteries play a critical role in stabilizing renewable power supply. Tesla's Powerwall facilitates effective home energy storage.
The Internet of Things (IoT) & AI optimize energy efficiency using smart grids, predictive analytics, and automation. For example, Google's DeepMind AI minimizes energy use in data centres.
Finally, Bio-based Materials are substituting plastics and synthetic materials, with Nature Works companies making biodegradable packaging from corn-based polymers.
The Energy & Power sector dominates the green technology and sustainability industry, driving the shift towards renewable energy sources like solar, wind, and hydro. Governments and businesses are making investments in clean energy to reduce carbon emissions and fossil fuel reliance. For instance, Rested, a world leader in offshore wind power, has greatly increased wind farms to produce clean electricity.
Green Building advocates for green design, intelligent appliances, and intelligent HVAC to curtail environmental footprint. Amsterdam's Edge is the world's most energy-efficient office, making use of IoT to enable smart climate control and smart lighting.
In Transport, electric vehicles (EVs) and hydrogen fuel cells are revolutionizing mobility. Tesla is leading the EV market with zero-emission vehicles and sophisticated battery technology.
Water & Waste Management solutions augment resource preservation with wastewater recycling, intelligent irrigation, and pollution reduction. Singapore's NEWater system recycles wastewater into high-quality drinking water to meet water needs.
Carbon Footprint Management with AI and analytics monitors and mitigates emissions. Microsoft is setting a target for itself to become carbon-negative by 2030 with direct air capture and greenbelt reforestation initiatives as a sustainability model.
By region, Insights into the markets in North America, Europe, Asia-Pacific, Latin America and MEA are provided by the study. North America led the market for green technology & sustainability with a revenue market share of 38.7% in 2023. The market has grown due to the increasing investments and efforts made in the green world. For example, in October 2023, the U.S. Department of Energy (DOE), led by the Biden-Harris Administration, released an investment of USD 30 million to drive the federal building sustainability and clean energy technology innovation. Growing research and development investments, followed by innovation and new product releases, are likely to create more growth for this market in the coming years.
In August 2024, North Battleford in Saskatchewan upgraded its utility operations through the application of sophisticated technology from Xylem to address aging water infrastructure and minimize water loss. The project entails the introduction of smart water meters and the Sensus FlexNet communications network, enabling real-time monitoring and proactive leak detection.
In August 2024, CropX and CNH Industrial partnered to declare strategic API integration towards sustainable precision farming. API linkage facilitates convenient transfer of CNH equipment data to the CropX platform to visualize, track, plan, and apply variable-rate, ensuring that farmers gain access to broad levels of information on different agriculture operations.
In July 2024, Xylem, a leading market player in the water technology and innovation sector, made its investing strategy objectives to aid growing companies and water service providers addressing key climate issues of water scarcity, quality, and decarbonization through direct investments. The firm aims to increase the availability of water solutions to address critical through direct investments in startups that specialize in innovation in water technologies.
The report will cover the qualitative and quantitative data on the global Green Technology & Sustainability Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Study Period | 2025-33 |
Base Year | 2024 |
Estimated Forecast Year | 2025-33 |
Growth Rate | CAGR of 20% from 2025 to 2033 |
Segmentation | By Technology, By Application, By End-User Industry, By Region |
Unit | USD Billion |
By Technology |
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By Application |
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By End-User Industry |
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By Region |
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The U.S. green technology & sustainability market dominated the revenue share of the North America green technology & sustainability market in 2023. The market's growth is driven by its strong government support and technological advancements. Growing consumer consciousness and demand for environmentally friendly solutions further drive the region's growth. The U.S. has several dominant technology corporations, including Apple, Microsoft, and Google, utilizing their technologies for green technology and sustainable practices. For example, in April 2024, ENGIE Impact partnered with Kraft Heinz to create decarbonization roadmaps that have helped the organization to obtain up to USD 170 million from the U.S. Department of Energy. The alliance will help cut emissions at ten Kraft Heinz facilities in the U.S. by more than 99% below 2022 levels and support the company's vision to reach net-zero carbon emissions by 2050.
Europe Green Technology & Sustainability market dominated in 2023. Growth of the region's Green Technology & Sustainability market is supported by expanding investments in clean energy, tightened environmental laws and regulations, and enhanced demand for sustainable goods. The development of this region is primarily influenced by economies like the UK, Germany, France, and others, which have invested heavily in renewable energy and sustainability, pushing industries to use green technology. The development of smart cities and technological innovation like IoT and AI further strengthen the region's capabilities in energy usage and waste management. Also, the European Green Deal, which is a collection of policies focusing on minimizing carbon emissions and being carbon-neutral by 2050, will power industry growth within this timeframe.
The UK green tech & sustainability industry led the regional market in 2023. Growing public knowledge about climate issues and growing investments in renewable energy are the major drivers of this market's expansion. Growing investments in renewable energy, energy efficiency, and green infrastructure have also recently created numerous opportunities for this industry. For instance, in July 2024, the UK government allocated a budget of around USD 1.60 billion to fund local clean energy projects and improve the energy stability of the UK. Furthermore, the increasing demand for sustainable products and services by UK consumers is driving market growth as businesses aim to minimize their environmental impact and attain competitive edge.
The Asia Pacific green technology & sustainability industry is likely to witness the highest CAGR during the forecast period. Sustained industrialization, urbanization, raising awareness about the importance of adopting sustainability practices, and rising government support are projected to drive this regional industry in the next few years. The fact that nations like China and India, which are major emitters of greenhouse gases, are present in this region is anticipated to drive demand for this market in the region. Various governments and institutions within this region are putting in place policies to support renewable energy development to minimize carbon footprints. For example, in September 2023, Schneider Electric and Hewlett Packard Enterprise (HPE) deepened the long-standing relationship between two leading organizations to offer a broad portfolio of sustainable IT solutions and services to customers in Asia Pacific. The partnership is intended to enable enterprises in Asia Pacific to speed up their journey towards sustainability targets and lower their carbon footprint.
India green technology & sustainability market had a significant market share in the green technology & sustainability market during 2023. The drivers for growth in the region are mounting industrialization, a fast-growing economy, and demand for renewable solutions. The region is the world's third-largest energy consumer and is growing rapidly in the renewable energy sector, which is fuelling the growth of the region. The Ministry of New and Renewable Energy has established milestones to reach a milestone of 500 GW power generation from non-fossil fuel sources by the year 2030. Expansion in economy and urbanization is placing an immense order for eco-friendly infrastructure like green buildings, smart cities, and electric cars. They are, in addition, making rising investments and collaborations ignite growth within India's market of green technology & sustainability.
The objective of the report is to present comprehensive analysis of Global Green Technology & Sustainability Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
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21 Aug 2023
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