The market for green technology and sustainability
solutions is growing rapidly, fueled by increasing adoption rates
across industries. From IoT-enabled resource management to
cloud-based collaboration, companies use sustainable practices to
reduce their carbon footprint and increase efficiency.
BOSTON, May 6, 2024
/PRNewswire/ -- According to the latest BCC Research study,
the demand for Green Technologies and Sustainability Solutions:
Global Market will reach $47.8
billion by the end of 2028, at a compound annual growth rate
(CAGR) of 19.3% during the forecast period.
This report provides a comprehensive analysis of the global
green technology and sustainability market, segmented by technology
type, industry, and geography. The report provides forecasted
market data from 2023 to 2028, with 2022 as the base year. The
revenue forecast for the period features various segments that
provide insight into market trends and growth trends. The market
includes solutions and services designed to reduce maintenance
costs, monitor ESG and EHS parameters, and achieve a zero-carbon
footprint. Advanced technologies combined with software solutions
enable companies to monitor, predict, and analyze operations to
reduce their carbon footprint. Notably, the report omits hardware
components such as wind turbines, solar panels, and electric
vehicles, focusing instead on software-driven solutions. It
explores user segments across geographies and highlights key
trends, challenges, and the vendor landscape. The report provides a
comprehensive outlook of the global green technology market through
forecasts and estimates that outline its expected growth trajectory
through 2028.
To know more about Green Technologies and Sustainability
Solutions: Global Market Report, click here for
details.
Key Drivers of Green Technologies and Sustainability
Solutions: Global Market
Growing Support from Large Organizations and
Associations: Major corporations, industry groups, and global
organizations are realizing the importance of going green. They
actively promote and invest in environmentally friendly
technologies to reduce environmental impact. Working together, they
drive innovation and spread sustainable practices around the
world.
Increase in Environmental Awareness: More people are
aware of the threats of climate change, pollution, and resource
depletion. Societies, businesses, and individuals are starting to
think more about their impact on the planet. Education and advocacy
help spread the word and encourage environmentally friendly
behavior.
Reduction in Carbon Emissions Due to Green Technology
Adoption: Switching to green technologies such as solar, wind,
and electric vehicles can help reduce carbon emissions. Governments
support this shift with incentives such as subsidies and tax
breaks. By introducing cleaner energy and transportation options,
we are moving towards a healthier and more sustainable future.
Request a Sample Copy of the Green
Technologies and Sustainability Solutions: Global Market
Report.
Report Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2022
|
Forecast Period
considered
|
2023-2028
|
Base year market
size
|
$16.2
billion
|
Market Size
Forecast
|
$47.8
billion
|
Growth Rate
|
CAGR of 19.3% for the
forecast period of 2023-2028
|
Segment
Covered
|
Technology, Industry,
and Region
|
Regions
covered
|
Americas, Europe,
Asia-Pacific, and Middle East and Africa
|
Key Market
Drivers
|
•
Growing support from large organizations
and associations.
•
Increase in environmental
awareness.
•
Reduction in carbon emissions due to the
adoption of green technology.
|
Segmentation Analysis:
- By Technology Type: IoT enables real-time resource
management. Digital Twin optimizes asset performance. Cloud
Computing reduces infrastructure needs. Blockchain ensures
transparent transactions.
- By Industry: Green Building promotes eco-friendly
construction. Carbon Footprint Management tracks emissions. Water
Leak Detection conserves water.
- By Region: Europe,
North America, and Asia-Pacific lead in green tech. Developing
countries are catching up.
This global Green Technology and Sustainability Solutions
Market report provides comprehensive information and analysis
addressing the following key questions:
- What is the global green technology market's projected market
size and growth rate?
The global market for green tech and sustainability was estimated
to be worth $16.2 billion in 2022.
The market is projected to grow at a compound annual growth rate
(CAGR) of 19.3%.
- What are the key factors driving the growth of the global green
technology market?
Growing environmental awareness regarding the reduction of
greenhouse gas emissions and initiatives taken by large
associations and organizations are major factors driving the green
tech market.
- What segments are covered in the global green technology
market?
The global green tech and sustainability market is segmented based
on technology type, industry and geography.
- By technology type, which segment will dominate the market by
the end of 2028?
By technology, green cloud computing is expected to dominate the
overall market.
- Which region has the highest market share in the global green
technology market?
The Americas region dominated the global green technology and
sustainability with more than 55% of the market share.
Some of the Key Market Players Are:
- General Electric
- Intelex Technologies
- Enablon Wolters Kluwer
- Salesforce
- Cority
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