The Green Technology and Sustainability Market Size is valued at USD 17.8 Bn in 2023 and is predicted to reach USD 81.4 Bn by the year 2031 at an 21.3% CAGR during the forecast period for 2024-2031.
Green technology, commonly referred to as "environmental technology" or "cleantech," is a collection of methods, materials, and innovations designed to minimize or eliminate negative impacts on the environment, promote energy efficiency, and ensure the sustainability of natural resources. This field includes inventions that address pressing environmental issues such as waste, pollution, carbon emissions, and resource depletion. It also encompasses energy-efficient technologies that reduce the amount of energy required to provide goods and services, such as efficient appliances, lighting, and buildings. Sustainable agricultural practices are a core part of green technology, as they focus on maintaining soil fertility, reducing pesticide usage, conserving water, and promoting biodiversity through methods like organic farming and precision agriculture. Additionally, green technology emphasizes innovations in recycling and waste management, concentrating on reusing materials, reducing waste generation, and converting waste into energy or valuable raw materials.
Artificial intelligence is revolutionizing recycling processes by enhancing sorting accuracy, optimizing material recovery, and reducing waste. In response to growing environmental concerns, governments worldwide are implementing stricter regulations to reduce greenhouse gas emissions and promote sustainable practices. The market for sustainability and green technology is expanding rapidly, driven by increased awareness of climate change and the desire to minimize environmental impact. Both businesses and consumers are seeking eco-friendly solutions as concerns about resource depletion and environmental degradation intensify. To foster sustainable practices and technologies across various sectors, governments are enacting stringent laws and offering incentives.
Demand for green technologies is on the rise, from energy-efficient appliances and eco-friendly transportation to renewable energy sources like solar and wind power. Environmental regulations primarily drive the sustainability market, encouraging companies to adopt eco-friendly practices. Businesses are also investing in green technologies to comply with strict standards for emissions, waste management, and renewable energy, while government incentives provide additional motivation. Meanwhile, growing consumer demand for environmentally conscious products further fuels industry growth, paving the way for a more sustainable future.
The green technology and sustainability Market is segmented based on component, and deployment, enterprise type, implemented technology, and application. Based on the components, the Market is divided into solutions & services. Based on the deployment, the Market is divided into cloud & on-premise. Based on the implemented technology, the Market is divided into the Internet of Things, AI & analytics, digital twin, cloud computing, and blockchain. Based on the application, the market is divided into air & water pollution monitoring, carbon footprint management, crop monitoring, fire detection, forest monitoring, green building, soil condition monitoring, sustainable mining, water management, and weather monitoring.
Based on the components, the Market is divided into solutions & services. Among these, the solutions segment is expected to have the highest growth rate during the forecast period. Innovations in energy-efficient products and technologies are essential for reducing energy consumption across various industries and households, driving the solutions market. As countries strive to reduce carbon emissions, there is a significant increase in the adoption of renewable energy technologies like solar and wind power. This demand fuels the growth of the solutions segment. Many governments provide subsidies, tax incentives, and grants for the adoption of green technologies, encouraging businesses and consumers to invest in sustainable solutions. Growing environmental awareness among consumers drives the demand for green products and services, further expanding the solutions market. Continuous advancements and decreasing costs of green technologies make them more accessible and attractive, enhancing the solutions segment's growth.
Based on the implemented technology, the Market is divided into the Internet of Things, AI & analytics, digital twin, cloud computing, and blockchain. Among these, the ai and analytics segment dominates the market. AI and Analytics provide real-time insights that help organizations make informed decisions to optimize operations for sustainability. By analyzing data from IoT sensors, energy systems, and production processes, AI-driven insights identify areas to reduce waste, minimize energy use, and lower emissions. This data-driven approach enables precise adjustments that significantly impact sustainability. The AI and Analytics sector is rapidly evolving, leading to frequent innovations and reduced costs for implementation. As these technologies become more accessible, more companies can adopt them to drive sustainability initiatives. The continuous improvement in AI algorithms also enhances the efficiency and accuracy of green technologies, fueling even greater adoption across sectors.
North America is a global leader in research and development, with significant investments in developing advanced green technologies. Government programs, private investments, and research grants fuel innovations in renewable energy, AI-driven sustainability solutions, and climate resilience technologies. The region’s technology hubs, such as Silicon Valley, attract venture capital and foster innovation in green technology startups, contributing to rapid growth in the sustainability sector. Many North American companies have made strong commitments to sustainability, setting ambitious goals to reduce their carbon footprint, manage waste responsibly, and improve energy efficiency. This includes major corporations across technology, manufacturing, retail, and energy sectors.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 17.8 Bn |
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Revenue Forecast In 2031 |
USD 81.4 Bn |
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Growth Rate CAGR |
CAGR of 21.3% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive Market structure, growth prospects, and trends |
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Segments Covered |
Component, and Deployment, Enterprise Type, Implemented Technology, and Application. |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; South East Asia |
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Competitive Landscape |
Alphabet Inc., IBM Corporation, Sensus, Microsoft Corporation, ENGIE Impact, General Electric Company, Schneider Electric, Oracle Corporation, CropX Inc., Taranis Visual Ltd., Cority, Lo3 Energy, Salesforce, Inc., Xylem, Wolters Kluwer N.V., Enviance, Huawei, SAP, Siemens, SunPower Corporation, Wolters Kluwer N.V., Trace Genomics, Enablon, Taranis, Consensys, Hortau, SMAP Energy, Treevia |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Green Technology and Sustainability Market Snapshot
Chapter 4. Global Green Technology and Sustainability Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Green Technology and Sustainability Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Green Technology and Sustainability Industry Trends
Chapter 5. Green Technology and Sustainability Market Segmentation 1: By Component, Estimates & Trend Analysis
5.1. Market Share by Component, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Component:
5.2.1. Solutions
5.2.2. Services
Chapter 6. Green Technology and Sustainability Market Segmentation 2: By Deployment, Estimates & Trend Analysis
6.1. Market Share by Deployment, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Applications Area:
6.2.1. Cloud
6.2.2. On-Premise
Chapter 7. Green Technology and Sustainability Market Segmentation 3: By Enterprise Implemented Technology, Estimates & Trend Analysis
7.1. Market Share by Enterprise Implemented Technology, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Enterprise Implemented Technology:
7.2.1. Large Enterprise
7.2.2. SMEs
Chapter 8. Green Technology and Sustainability Market Segmentation 4: By Implemented Technology, Estimates & Trend Analysis
8.1. Market Share by Implemented Technology, 2023 & 2031
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Implemented Technology:
8.2.1. Internet of Things (IoT)
8.2.2. AI and Analytics
8.2.3. Digital Twin
8.2.4. Cloud Computing
8.2.5. Blockchain
8.2.6. Others
Chapter 9. Green Technology and Sustainability Market Segmentation 5: By Application, Estimates & Trend Analysis
9.1. Market Share by Application, 2023 & 2031
9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Manufacturing processes:
9.2.1. Air and Water Pollution Monitoring
9.2.2. Carbon Footprint Management
9.2.3. Crop Monitoring
9.2.4. Fire Detection
9.2.5. Forest Monitoring
9.2.6. Green Building
9.2.7. Soil Condition/Moisture Monitoring
9.2.8. Sustainable Mining and Exploration
9.2.9. Water Management
9.2.10. Weather Monitoring and Forecasting
9.2.11. Others
Chapter 10. Green Technology and Sustainability Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. Global Green Technology and Sustainability Market, Regional Snapshot 2023 & 2031
10.2. North America
10.2.1. North America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
10.2.1.1. US
10.2.1.2. Canada
10.2.2. North America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
10.2.3. North America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2024-2031
10.2.4. North America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Implemented Technology, 2024-2031
10.2.5. North America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Implemented Technology, 2024-2031
10.2.6. North America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
10.3. Europe
10.3.1. Europe Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
10.3.1.1. Germany
10.3.1.2. U.K.
10.3.1.3. France
10.3.1.4. Italy
10.3.1.5. Spain
10.3.1.6. Rest of Europe
10.3.2. Europe Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
10.3.3. Europe Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2024-2031
10.3.4. Europe Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Implemented Technology, 2024-2031
10.3.5. Europe Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Implemented Technology, 2024-2031
10.3.6. Europe Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
10.4. Asia Pacific
10.4.1. Asia Pacific Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
10.4.1.1. India
10.4.1.2. China
10.4.1.3. Japan
10.4.1.4. Australia
10.4.1.5. South Korea
10.4.1.6. Hong Kong
10.4.1.7. Southeast Asia
10.4.1.8. Rest of Asia Pacific
10.4.2. Asia Pacific Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024- 2031
10.4.3. Asia Pacific Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2024-2031
10.4.4. Asia Pacific Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts By Enterprise Implemented Technology, 2024-2031
10.4.5. Asia Pacific Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Implemented Technology, 2024-2031
10.4.6. Asia Pacific Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts By Application, 2024-2031
10.5. Latin America
10.5.1. Latin America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
10.5.2. Latin America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
10.5.3. Latin America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2024-2031
10.5.4. Latin America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Implemented Technology, 2024-2031
10.5.5. Latin America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Implemented Technology, 2024-2031
10.5.6. Latin America Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
10.6. Middle East & Africa
10.6.1. Middle East & Africa Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
10.6.1.1. GCC Countries
10.6.1.2. Israel
10.6.1.3. South Africa
10.6.1.4. Rest of Middle East and Africa
10.6.2. Middle East & Africa Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
10.6.3. Middle East & Africa Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2024-2031
10.6.4. Middle East & Africa Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Implemented Technology, 2024-2031
10.6.5. Middle East & Africa Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Implemented Technology, 2024-2031
10.6.6. Middle East & Africa Green Technology and Sustainability Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. Alphabet Inc.
11.2.1.1. Business Overview
11.2.1.2. Key Product/Service Offerings
11.2.1.3. Financial Performance
11.2.1.4. Geographical Presence
11.2.1.5. Recent Developments with Business Strategy
11.2.2. IBM Corporation
11.2.3. Sensus
11.2.4. Microsoft Corporation
11.2.5. ENGIE Impact
11.2.6. General Electric Company
11.2.7. Schneider Electric
11.2.8. Oracle Corporation
11.2.9. CropX Inc.
11.2.10. Taranis Visual Ltd.
11.2.11. Cority
11.2.12. Lo3 Energy
11.2.13. Salesforce, Inc.
11.2.14. Xylem
11.2.15. Wolters Kluwer N.V.
11.2.16. Enviance
11.2.17. Huawei
11.2.18. SAP
11.2.19. Siemens
11.2.20. SunPower Corporation
11.2.21. Wolters Kluwer N.V.
11.2.22. Trace Genomics
11.2.23. Enablon
11.2.24. Taranis
11.2.25. Consensys
11.2.26. Hortau
11.2.27. SMAP Energy
11.2.28. Treevia
11.2.29. Other Market Players
Global Green Technology and Sustainability Market- By Component
Global Green Technology and Sustainability Market- By Deployment
Global Green Technology and Sustainability Market – By Enterprise Type
Global Green Technology and Sustainability Market – By Implemented Technology
Global Green Technology and Sustainability Market – By Application
Global Green Technology and Sustainability Market – By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
