About Green Technology and Sustainability
Green Technology and Sustainability are any processes, product or service that reduces negative environmental impacts while protecting human health and ecosystem quality. The main aim to use these technologies is to have high-efficiency energy and lower resource use and cost, eliminate the generation of secondary pollutants, increase the use of renewable energy and/or materials, and provide benefits to human health and ecosystems. For instance, energy and resource sustainability could be strengthened by building an intelligent recycling system based on smart devices, the internet of things (IoT), big data, and intelligent systems. Green technologies encourage the adoption of natural organic resources and avoid the production of green gasses. They also utilize fewer resources and do not support raising the unavailability of the energy for the world. The increasing environmental awareness and concerns worldwide have driven global green technology and sustainability market growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
CAGR | 29.18% |
The global green technology and sustainability market is largely competitive and consists of several vendors who compete based on factors such as service quality, technology, and pricing. According to the AMA research, the intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant risk factors for the growth of manufacturer’s in green technology and the sustainability market. Analyst at AMA Research estimates that United States, United Kingdom, India Manufacturers will contribute the maximum growth to Global Green Technology and Sustainability market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Electric (United States), IBM (United States), Enablon (France), Enviance (United States), Sensus (United States), Taranis (Israel), Trace Genomics (United States), LO3 Energy (United States), ConsenSys (United States), CropX (Israel), Hortau (United States), SMAP Energy (United Kingdom), Treevia (Brazil), Pycno (United Kingdom), IoT Solutions and Consulting (Europe) and Oizom (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are MineSense Technologies (Canada), WINT (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Green Technology and Sustainability market by , Application (Green Building, Water Purification, Water Leak Detection, Fire Detection, Soil Condition/Moisture Monitoring, Crop Monitoring, Forest Monitoring, Carbon Footprint Management, Weather Monitoring & Forecasting, Air & Pollution Monitoring and Sustainable Mining & Exploration) and Region.
On the basis of application, Green Building segment is dominating the market in the year 2023 where as Carbon Footprint Management segment stood as second largest market .On the basis of geography, the market of Green Technology and Sustainability has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Internet of Things (IoT) will boost the Green Technology and Sustainability market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Branches, the sub-segment i.e. Green Chemistry will boost the Green Technology and Sustainability market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of Cutting-edge technologies, such as Artificial Intelligence (AI), Digital Twin, and Internet of Things (IoT) in the Agriculture Sector
Market Growth Drivers:
Growing Awareness and Concerns about Environment, Integration of RFID Sensors by Industries and Rising Importance for the Consuming of Clean Energy Resources to Conserve the Environment
Challenges:
Lack of Regulations for Green Technology
Restraints:
High Product Cost Associated With Green Technology Solutions
Opportunities:
Initiatives to Tackle Climate Change and Air Pollution and Modernization of IT and Telecom Infrastructure for Low Carbon Emission
Market Leaders and their expansionary development strategies
In January 2022, IBM announced it has acquired Envizi, a leading data and analytics software provider for environmental performance management. This acquisition builds on IBM's growing investments in AI-powered software, including IBM Maximo asset management solutions, IBM Sterling supply chain solutions and IBM Environmental Intelligence Suite, to help organizations create more resilient and sustainable operations and supply chains.
In July 2019, GE Renewable Energy entered into a partnership with Emrgy Inc. With this partnership GE will offer Emrgy’s hydropower turbine to a larger audience base.This partnership will aligns Emrgy’s our vision of widening the positioning of hydropower, and more broadly, supporting energy generation and delivery worldwide with help of GE Renewable Energy.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Green Technology and Sustainability Manufacturer, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.