About Green Technology
Green technology is environmental friendly techniques used in the residential, industrial, and commercial applications, as the green technology impacts the production process in any industry and also managing the supply chain positively without causing any harm to the environment. It deals with clean energy production, recycling, clean water treatment, etc which are less harmful to the environment. It also improves the operational costs, energy consumption, optimum utilization of resources, better productivity, and much more.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Green Technology market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Green Technology Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. 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.
Siemens AG (Germany), Cisco Systems, Inc. (United States), Vivint Solar, Inc. (United States), Panasonic Corporation (Japan), Groupe Renault (Nissan Motor Company, Ltd) (France), ConsenSys (United States), Actis (United Kingdom), BT Group plc (United Kingdom), Aqualogic (Wc) Ltd (United Kingdom), Sensus, a Xylem brand (United States) and JA Solar Holdings Co., Ltd (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Green Technology market by , Application (Residential, Industrial and Commercial) and Region.
On the basis of geography, the market of Green Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Function, the sub-segment i.e. Green Building will boost the Green Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Water Treatment Industry will boost the Green Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. IoT will boost the Green Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. HVAC Products will boost the Green Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Research on Green Technology and its Implications on the Industries
Market Growth Drivers:
Rising Environmental Problems, Global Warming, Climate Change at an Alarming Rate Throughout the World, Need for Improvement in Industrial Activities Harming the Environment and Depletion of Natural Resources
Challenges:
Lack of Skilled Professional to Manage the Operation of Green Technology in Various Industries
Restraints:
High-Cost Investment in the Production of Green Technology
Opportunities:
Increasing Awareness Regarding the Adverse Impacts of Climate Change through Various Governmental Programs and Technological Advancements in the Green Technology Products
Market Leaders and their expansionary development strategies
In June 2020, BT Group has launched two initiatives to support the UK’s net-zero transition. The Green Tech Innovation Platform, in conjunction with Silicon Valley-based Plug and Play, will seek out the latest technologies from UK-based technology outfits that could potentially support BT and its public sector customers’ net zero transition. The partnership marks Plug and Play’s entry to the UK market and will explore three areas.
In August 2020, Actis to acquire green energy projects from ReNew Power in India. UK-based private equity firm Actis is reportedly in talks to acquire more than 550MW capacity of green energy projects from Indian company ReNew Power.
"Standards, including energy-efficiency codes for buildings and air, water, and fuel efficiency standards, can create demand for green technologies while improving the environment and health. For example, fuel efficiency standards in China led to the adoption of and improvements in fuel efficiency technologies (Gallagher, 2006). Similarly, water safety standards can stimulate the development of systems for safely storing and treating water, for example, through waste-water recycling and desalinization, or improve on traditional or local-based technologies, such as harvesting rainwater. Such standards and can be implemented progressively overtime if necessary, through regulation that has been announced in advance, to give agents time to adjust."
Key Target Audience
Green Technology Developers, Green Technology Industry Association, Green Technology Solution Providers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
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.