Green Technology and Sustainability Market
Green Technology and Sustainability Market Insights
The Global Green Technology and Sustainability Market was valued at USD 12.36 Billion in 2021, and it is expected to reach a value of USD 49.99 Million by 2028, at a CAGR of 22.10% over the forecast period (2022-2028)
Green technologies are environmentally friendly solutions that lead to economic and social sustainability. It is commonly referred to as clean technology production, in which energy is generated as an alternative natural fuel that is less detrimental to the environment than fossil fuels. Furthermore, the primary purpose of green technology is to safeguard the environment as well as to remedy past environmental harm. Furthermore, several governments across the world are spending extensively in green technology to protect nature and lessen the negative influence on the environment, which is encouraging Green Technology and Sustainability Market growth. Additionally, with an unprecedented COVID-19 health crisis, the artificial intelligence and analytics segment is expected to grow at a significant rate during the forecast period, owing to increased adoption of artificial intelligence and analytics by manufacturing and other industries to resume supply chain operations.
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Green Technology and Sustainability Market Segmental Analysis
The Global Green Technology and Sustainability Market is segmented based on technology as internet of things (IoT), cloud computing, artificial intelligence & analytics, digital twin, cybersecurity, and blockchain. By application Green Technology and Sustainability Market is segmented based on green building, carbon footprint management, weather monitoring & forecasting, air & water pollution monitoring, forest monitoring, crop monitoring, soil condition/moisture monitoring, water purification, and others. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Top Players Company Profiles
- GE (US)
- Enablon (France)
- Salesforce (US)
- Microsoft (US)
- Microsoft (US)
- Schneider Electric (France)
- Engie Impact (US)
- Intelex (Canada)
- Enviance (US)
- Sensus (US)
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Recent Developments
- In May 2022, Salesforce and Amazon Web services partnered on open-source technology to help non-profits accelerate impact.
- In November 2021, Microsoft has entered a deal with L&T Technology, a provider of engineering services. The collaboration sought to give the L&T Microsoft Azure Energy & Sustainability Manager Solution to digitally transform and construct future eco-friendly factories.
- In October 2021, Xylem has partnered with Imagine H2O, the world's top water innovation accelerator and ecosystem for water businesses. Through this collaboration, the two groups would focus on releasing cutting-edge technology and assisting communities in gaining access to the solutions required to provide citizens with secure, cost-effective, and dependable water.
- In October 2021, Schneider Electric has partnered with Hyatt Centric Jumeirah Dubai, a luxurious boutique hotel in Jumeirah with amazing ocean views. Schneider Electric introduced EcoStruxure Building Operation 3.0, a comprehensive building management system, at the Hyatt Centric Jumeirah Dubai as part of this collaboration. This innovative system would lower the total energy consumption of the facility, as well as the hotel's carbon emissions and operational maintenance expenses.