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.
Competitive Landscape
Some of the Major Key Players in the Sustainable Infrastructure Market are
- 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.
- Others
Market Segmentation:
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.
Based on the Type, the Renewable Energy Segment is Accounted as a Major Contributor to the Sustainable Infrastructure Market
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.
Residential Segment to Witness Growth at a Rapid Rate
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.
In the Region, the North American Sustainable Infrastructure Market Holds a Significant Revenue Share
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.
Recent Developments:
- In 2022, buildings can generate, store, and manage their energy with Siemens' Masterguard E-Hybrid solution for zero-energy buildings. This solution reduces reliance on the grid and advances sustainability goals by optimizing energy use and lowering greenhouse gas emissions. It also integrates solar panels, energy storage, and smart controls.
- In 2021, digital services will be integrated with building and energy management systems using Schneider Electric's EcoStruxure for Buildings, a comprehensive solution. It optimizes energy usage through the use of advanced analytics and the Internet of Things, facilitating the smooth operation and management of zero-energy buildings to improve sustainability and performance.
Sustainable Infrastructure Market Report Scope
|
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 |
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Forecast Year |
2024-2031 |
|
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 |
By Type, By Application and By Region |
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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 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. |
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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. |
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