Green Technology and Sustainability Market is Expected to Attain a Valuation of USD 37.2 Billion by 2032: MRFR

Market Research Future has published a Half-Cooked Research Report on the Global Green Technology and Sustainability Market.

Overview

The global market for green technology and sustainability is expected to reach USD 37.2 billion by 2032, registering a CAGR of 6.67% during the forecast period. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market and offers a better glimpse of the coming years.

The global green technology and sustainability market has been segmented based on technology and application.

Based on technology, the global green technology and sustainability market has been segmented into Internet of things (IoT), artificial intelligence (AI) and analytics, digital twin, cloud computing, security, and blockchain. The blockchain segment held the largest share of the global green technology and sustainability market and is expected to witness the highest CAGR during the study period. The blockchain segment allows for a more secure, cost-efficient, low carbon grid, and stronger path towards a zero-carbon world.

Based on application, the green technology and sustainability market has been divided into carbon footprint management, green building, water purification, water leak detection, fire detection, soil condition/moisture monitoring, crop monitoring, forest monitoring, weather monitoring and forecasting, air and water pollution monitoring, and sustainable mining and exploration. The carbon footprint management segment is expected to hold the largest share in the green technology and sustainability market during the forecast period. Increasing public awareness and customer collaborations toward green initiatives are major factors driving the adoption in various sectors across the world.

Competitive Analysis

The key players of the global green technology and sustainability market are General Electric (US), IBM (US), Enablon (France), Enviance (US), Sensus (US), Taranis (Israel), Trace Genomics (US), LO3 Energy (US), ConsenSys (US), CropX (Israel), Hortau (US), SMAP Energy (UK), Treevia (Brazil), Pycno (UK), IoT Solutions and Consulting (Europe), Oizom (India), MineSense Technologies (Canada), and WINT (US).

Regional Analysis

The regional analysis for the green technology and sustainability market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America. The market in North America accounted for the largest share in 2019, and it is expected to register strong growth during the forecast period. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period. This growth can be attributed to the vendors across the region are adopting various growth strategies, such as partnerships, acquisitions, and product launches to strengthen their position in the green technology and sustainability market.