The Sustainable Infrastructure Market Size was valued at USD 48.2 Bn in 2023 and is predicted to reach USD 223.2 Bn by 2031 at a 21.3% CAGR during the forecast period for 2024-2031.
Sustainable infrastructure aims to benefit society, the economy, and the environment over the long run. It can include devices and infrastructure like telephone poles, bridges, roads, and hydroelectric power plants. Achieving the Sustainable Development Goals (SDGs) and global climate targets can be facilitated by sustainable infrastructure. The main motivators are strict environmental laws and initiatives to lower carbon emissions and support renewable energy sources. All around the world, governments are putting laws into place that require the use of sustainable technologies and practices. Additionally, as energy costs rise, there is an increasing need in the commercial, industrial, and residential sectors for energy-efficient solutions. The proliferation of technology like energy management systems, smart meters, and high-efficiency appliances fuels this demand.
In addition, the market for sustainable infrastructure is significantly influenced by the pressing need to combat climate change. People, companies, and governments are realizing increasingly how crucial it is to embrace sustainable practices and cut back on greenhouse gas emissions. Public knowledge and activism for environmental preservation and sustainability are influencing policy decisions and consumer behavior, which is increasing support for sustainable infrastructure initiatives.
The sustainable infrastructure market is segmented based on type and application. The market is segmented based on type: renewable energy, energy efficiency, sustainable transportation, water and waste management, and others. The renewable energy segment is divided into solar, wind, hydropower, geothermal, and bioenergy. Energy efficiency includes building energy management systems, industrial efficiency solutions, smart grids, and energy storage solutions. The sustainable transportation segment is sub-segmented into electric vehicles (EVs), public transit systems, bicycling and walking infrastructure, and alternative fuels. The water and Waste Management segment is divided into water treatment systems, wastewater management systems, solid waste management solutions, and stormwater management systems. The market is segmented by application into residential, commercial, industrial, and others.
The renewable energy segment is expected to hold a major global market share in 2023. A wide range of energy sources, including biomass, geothermal, hydro, solar, and wind, are included in renewable energy, which provides long-term substitutes for conventional fossil fuels. The rising adoption of renewable energy sources due to environmental concerns, pro-green policies, and the desire for energy security are some of the emerging trends in the renewable energy sector. Other trends include the ongoing decline in the cost of solar and wind technologies. Significant technological advancements have also improved energy conversion efficiencies.
In residential applications, sustainable infrastructure is primarily concerned with eco-friendly building materials, rooftop solar power systems, and energy-efficient dwellings. The increasing use of solar panels for domestic energy generation, the incorporation of green building methods to lessen environmental effects, and the acceptance of smart home technologies for energy management are some trends.
The North American sustainable infrastructure market is expected to register the highest market share in revenue in the near future. Governments, corporations, and organizations in North America are spending more and more on sustainable infrastructure projects to meet regulatory obligations, address environmental concerns, and reap long-term economic and social advantages. Additionally, smart grids, incorporating renewable energy, and intelligent transportation systems are emerging as essential elements of local infrastructure. Investments and efforts are driving a greater emphasis on environmental sustainability and resilience in infrastructure systems. In addition, Asia Pacific is projected to increase in the global sustainable infrastructure market. Sustainable infrastructure trends in the Asia-Pacific area include a sharp increase in the use of renewable energy, especially in nations like China and India that have made significant investments in wind and solar power projects. Smart city projects are changing urban environments to improve sustainability and efficiency by utilizing IoT and AI technologies.
| Report Attribute | Specifications |
| Market Size Value In 2023 | USD 48.2 Bn |
| Revenue Forecast In 2031 | USD 223.2 Bn |
| Growth Rate CAGR | CAGR of 21.3% from 2024 to 2031 |
| Quantitative Units | Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
| Historic Year | 2019 to 2023 |
| Forecast Year | 2024-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Type, By Application and By Region |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
| Competitive Landscape | Siemens AG, ABB Ltd., Iberdrola S.A., General Electric Company (GE), Schneider Electric SE, Vestas Wind Systems A/S, Johnson Controls International plc, Brookfield Renewable Partners L.P., NextEra Energy Inc., Enel S.p.A., Orsted A/S, SunPower Corporation, First Solar Inc., Tesla Inc., ENGIE S.A., and others. |
| Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Sustainable Infrastructure Market- By Type
Sustainable Infrastructure Market- By Application
Sustainable Infrastructure Market- By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.