Green Technology and Sustainability Market Share, Trends and Forecast 2028
The global green technology and sustainability market size is expected to reach USD 68.22 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising awareness among consumers regrading environmental degradation and global warming. Increasing dependence on non-renewable energy technologies and excessive usage of fossil fuels have generated excessive carbon emissions and resulted in global warming.
Government and private organization are developing and deploying green technologies to reduce pollution and protect or enhance the natural environment by conserving energy and natural resources, reduce or eliminate use of toxic agents, and stem pollution and waste. Increasing preference towards renewable sources of energy such as solar panels, wind turbines, and solar heating to minimize greenhouse gas emissions are other major factors driving revenue growth of the global green technology market. Solar energy is a popular type of green technology, which helps in reducing energy bills and dependency on fossil fuels.
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Utilization of Artificial Intelligence (AI) in the energy sector can enhance predictability of demand and supply for renewables across a distributed grid, assist in integration and reliability of renewables, improve energy storage, efficiency, and load management, and enable dynamic pricing and trading, which create market incentives. AI-guided autonomous vehicles have the ability to minimize greenhouse gas emissions through route and traffic optimization, eco-driving algorithms, and autonomous ride-sharing services.
The Global Green Technology and Sustainability Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
Some major companies in the global market report include General Electric, IBM, Enablon, Salesforce, Microsoft Corporation, Schneider Electric, ENGIE Impact, Intelex Technologies Inc., Cority Software Inc., and Sensus.
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Emergen Research has segmented the global green technology and sustainability market on the basis of technology, application, and region:
Technology Outlook (Revenue, USD Billion; 2018–2028)
Cloud Computing
Internet of Things (IoT)
Digital Twin
Artificial Intelligence & Analytics
Blockchain
Cybersecurity
Application Outlook (Revenue, USD Billion; 2018–2028)
Green building
Crop Monitoring
Carbon footprint management
Forest Monitoring
Air and Water Pollution
Soil Condition/Moisture Monitoring
Water Purification
Weather monitoring and forecasting
Others
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Green Technology and Sustainability market?
What are the key product types and applications of the Green Technology and Sustainability industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Green Technology and Sustainability market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Green Technology and Sustainability Market by 2028?
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