With the emergence and long-term Impact of COVID-19, Global Green Technology and Sustainability Market to reach USD 61.34 Billion by 2029
Bizwit Research & Consulting LLP’s Recent Analysis on Global Green Technology and Sustainability Market is poised to raise up to USD 61.34 Billion by 2029. Green technology is an applicable combination of advanced tools and solutions to conserve natural resources and the environment, minimize or mitigate negative impacts from human activities on the environment, and ensure sustainability development. The Green Technology and Sustainability market is expanding because of factors such as growing awareness and concern towards the environment and growing consumer and industrial interest in using clean energy resources and RFID sensors. Green data centre technology is mostly used in green cloud computing. Data management, storage, and operation are performed primarily by energy-efficient technologies in green data centres, sometimes referred to as sustainable data centres. The 2020 U.S. Data Centre Energy Use Report estimates that in 2020, data centres in the U.S. would use close to 73 billion kWh. Furthermore, according to the European Commission, 259 TWh of electricity would be used by European data centres. Due to the high energy consumption, green data centres will be adopted across the board, boosting the market share for green technology and sustainability.
Geographically, the global Green Technology and Sustainability market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA_. North America dominated the market in terms of revenue, owing to the broad base of green technology and sustainability vendors in the region. Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as primary economic participants in these developments are China, Japan, Taiwan, India, and South Korea. Governments in these nations have also made varied contributions to low-carbon, renewable development programs in the market space
The global Green Technology and Sustainability market is highly competitive owing to the presence of several key manufacturers such as General Electric, IBM, Microsoft, Schneider Electric, Engie Impact, Intelex, Enviance, Sensus, IOT Solutions and Consulting, MineSense Technologies and more.
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Key findings of the study suggest:
- Global Green Technology and Sustainability Market is anticipated to grow with a healthy growth rate of more than 21.9% over the forecast period 2022-2029.
- In the Technology segment, Internet of Thing (IoT) emerged as the leading market segment in 2021.
- In the Application segment, Green Building has emerged as the leading market segment in 2021.
- North America is anticipated to drive regional growth owing to the broad base of green technology and sustainability vendors in the region.
- Asia-Pacific is expected to grow at a higher rate followed by North America during 2021-2029.
Bizwit Research & Consulting has considered following segments for the study:
Technology:
- Internet of Things
- Cloud Computing
- Artificial Intelligence & Analytics
- Others
Application:
- Green Building
- Carbon Footprint Management
- Weather Monitoring & Forecasting
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Aisa Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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