Green Technology And Sustainability Market Set for 22.4% CAGR, Targeting US$ 122.69 Billion by 2032

The market for green technology and sustainability market is expected to grow at an incredible 22.4% CAGR between 2022 and 2032. The market for green and sustainable technology is expected to increase from US$ 16.25 billion in 2022 to US$ 122.69 billion in 2032

Companies and communities aiming to shift the economy toward a low-carbon future are anticipated to invest in long-term zero-carbon power contracts and intelligent, data-driven energy solutions. The adoption of green technology and sustainable solutions is anticipated to increase as this trend gains momentum in the next years.

The rising use of RFID sensors across industries is fueling the need for green technology and sustainability-related goods and services. Major leading organizations are progressively choosing these solutions due to the broad adoption of smart grid technology across a range of industries and its benefits in terms of cost-effectiveness, dependable grid integration, and technological developments in green technology.

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Throughout the projection period in emerging economies, it is predicted that the size of this green technology and sustainability market will increase significantly. One of the main elements influencing the growth of the green technology and sustainability sectors is the possibility for technical enterprises to reduce the number of carbon emissions and energy consumption produced by these wireless devices.

The proliferation of green technology and sustainability providers in North America is primarily responsible for the market’s growth. In the Asia Pacific area, there are likely to be significant investment opportunities in the market for green technology and sustainability.

Key Takeaways from the Green Technology And Sustainability Market Report:

  • The green technology and sustainability market is predicted to develop at a CAGR of 22.4%, with a market share of US$ 122.69 billion through 2032.
  • The green technology and sustainability market share in North America is estimated to have a CAGR of 20.8% through 2032.
  • Asia Pacific is expected to have a greater growth potential in the green technology and sustainability market during the forecast period.
  • Based on components, the Solution segment is expected to have the biggest green technology and sustainability market.
  • Based on the technology, the cloud computing segment is anticipated to have the highest green technology and sustainability market share during the forecast period.
  • Based on the application, the green building segment is projected to have greater green technology and sustainability market share during the forecast period.

Competitive Landscape:
The market for green technology and sustainability is now crowded with manufacturers who are actively competing for market share. The green technology and sustainability market is anticipated to be dominated by a small number of players.

Leading Key Players:

  • General Electric
  • Wolters Kluwer N.V.
  • Salesforce, Inc.
  • Microsoft
  • Schneider Electric
  • Engie Impact
  • Cority (Enviance)
  • Sensus, a Xylem brand
  • LO3 Energy
  • CropX Inc.

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Green Technology And Sustainability Market Segmentation:

By Component:

  • Solution
  • Services

By Technology:

  • AI and Analytics
  • Digital Twin
  • Cloud Computing
  • Blockchain
  • Others

By Application:

  • Green Building
  • Carbon Footprint Management
  • Air and Water Pollution Monitoring
  • Weather Monitoring and Forecasting
  • Fire Detection
  • Crop Monitoring
  • Soil Condition/ Moisture Monitoring
  • Forest Monitoring
  • Sustainable Mining and Exploration
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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