The report aims to offers a thorough outlook of the Green Technology and Sustainability Market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Green Technology and Sustainability Market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline
The global green technology and sustainability market size is expected to reach USD 68.22 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising awareness among consumers regrading environmental degradation and global warming. Increasing dependence on non-renewable energy technologies and excessive usage of fossil fuels have generated excessive carbon emissions and resulted in global warming. Government and private organization are developing and deploying green technologies to reduce pollution and protect or enhance the natural environment by conserving energy and natural resources, reduce or eliminate use of toxic agents, and stem pollution and waste. Increasing preference towards renewable sources of energy such as solar panels, wind turbines, and solar heating to minimize greenhouse gas emissions are other major factors driving revenue growth of the global green technology market. Solar energy is a popular type of green technology, which helps in reducing energy bills and dependency on fossil fuels.
Utilization of Artificial Intelligence (AI) in the energy sector can enhance predictability of demand and supply for renewables across a distributed grid, assist in integration and reliability of renewables, improve energy storage, efficiency, and load management, and enable dynamic pricing and trading, which create market incentives. AI-guided autonomous vehicles have the ability to minimize greenhouse gas emissions through route and traffic optimization, eco-driving algorithms, and autonomous ride-sharing services.
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Report Scope:
Forecast Period: 2021- 2028
CAGR: 25.8%
Base Year: 2020
Number of Pages: 250
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Green Technology and Sustainability market, gauging their revenue share over the forecast timeline. Furthermore, the report analysis the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Leading Players Profiled in the Report:
Key players in the market include General Electric, IBM, Enablon, Salesforce, Microsoft Corporation, Schneider Electric, ENGIE Impact, Intelex Technologies Inc., Cority Software Inc., and Sensus.
Some Key Highlights from the Report
- In July 2019, Emrgy Inc. signed an agreement with GE Renewable Energy about Micro Hydrokinetic technology. Emrgy Inc., which is a tech innovator, whose modular turbines harness the power of water as a clean and distributed energy resource. Through this partnership, hydropower turbines of Emrgy would be provided by GE Renewable Energy.
- Internet of Things (IoT) segment accounted for largest revenue share in 2020. Companies across different verticals are increasingly adopting IoT-based energy solutions to minimize their carbon footprint and cut down energy bills.
- Green building segment revenue is expected to expand at a rapid CAGR during the forecast period. Growing trend towards green buildings to reduce carbon emissions and minimize energy bills is expected to further drive revenue growth of the green technology and sustainability market during the forecast period.
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Emergen Research has segmented the global green technology and sustainability market on the basis of technology, application, and region:
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Cloud Computing
- Internet of Things (IoT)
- Digital Twin
- Artificial Intelligence Analytics
- Blockchain
- Cybersecurity
Application Outlook (Revenue, USD Billion; 2018–2028)
- Green building
- Crop Monitoring
- Carbon footprint management
- Forest Monitoring
- Air and Water Pollution
- Soil Condition/Moisture Monitoring
- Water Purification
- Weather monitoring and forecasting
- Others
In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the target Green Technology and Sustainability market.
Key Questions Answered in the Report:
What is the growth rate of the Green Technology and Sustainability market? What is the anticipated market valuation of Green Technology and Sustainability industry by 2028?
What are the key growth driving and restraining factors of the Green Technology and Sustainability market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Green Technology and Sustainability industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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