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Global Green Technology and Sustainability Market to reach USD 61.34 billion by the end of 2029.

Global Green Technology and Sustainability Market Size study & Forecast, by Technology ( Internet of Things, Cloud Computing, Artificial Intelligence & Analytics, Others ) By Application (Green Building, Carbon Footprint Management, Weather Monitoring & Forecasting, Others) and Regional Analysis, 2022-2029

Product Code: ICTNGT-16126760
Publish Date: 18-02-2023
Page: 200

Global Green Technology and Sustainability Market is valued approximately USD 12.58 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 21.9 % over the forecast period 2022-2029. 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.

Consumers are increasingly demanding products that are less harmful to the environment. Manufacturers have, therefore, started implementing green manufacturing to produce products and solutions. Its prevalence has progressively increased during the last few decades. According to the Statista, between 2021 and 2030, the global green technology and sustainability market is forecast to grow at increasing at a compound annual growth rate of 21.6%. In 2021, the size of this market amounted to roughly USD 35.5 billion and expected to reach USD 417.35 billion by 2030. Another important component driving space increase is growing consumer and industrial interest in using clean energy resources and RFID sensors. As per Statista, the global renewable energy market is expected to go upscale over the next years. According to the Group Next Move Strategy Consulting, the market will reach over USD 2 trillion by 2030. Environmental concerns regarding fossil fuels, rapid urbanization, and economic growth in emerging regions are contributing to the projected market growth. In addition, in 2020, the global revenue of RFID technology market generates about USD 19.9 billion and expected to reach up to 35.5 billion by 2024. However, the high cost of implementation of Green Technology and Sustainability stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Green Technology and Sustainability Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the broad base of green technology and sustainability vendors in the region. According to the Statista, in 2021, over 1.3 petawatt hours of energy was produced from renewable sources in the North America. 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.

Major market player included in this report are:

General Electric
IBM
Microsoft
Schneider Electric
Engie Impact
Intelex
Enviance
Sensus
IOT Solutions and Consulting
MineSense Technologies

Recent Developments in the Market:
 In May 2019, IBM launched the Watson Decision Platform for agriculture. The platform combines AI, predictive analytics, IoT sensors, and weather data to provide farmers insights on harvesting, spraying, planting, and plowing.

 In January 2020, GE Hitachi Nuclear Energy and TerraPower collaborated to design and construct the VTR for the US DOE. This collaboration brings together a strong team of engineers and scientists with considerable experience in sodium reactor technology.

Global Green Technology and Sustainability Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Technology, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology
Internet of Things
Cloud Computing
Artificial Intelligence & Analytics
Others

By Application
Green Building
Carbon Footprint Management
Weather Monitoring & Forecasting
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Green Technology and Sustainability Market, by Region, 2019-2029 (USD Billion)
1.2.2. Green Technology and Sustainability Market, by Technology, 2019-2029 (USD Billion)
1.2.3. Green Technology and Sustainability Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Green Technology and Sustainability Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Green Technology and Sustainability Market Dynamics
3.1. Green Technology and Sustainability Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Growing awareness and concern towards the environment
3.1.1.2. Growing consumer and industrial interest in using clean energy resources and RFID sensors
3.1.2. Market Challenges
3.1.2.1. High cost of Green Technology and Sustainability
3.1.3. Market Opportunities
3.1.3.1. Rising initiatives to tackle climate change and air pollution.

Chapter 4. Global Green Technology and Sustainability Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Green Technology and Sustainability Market, by Technology
6.1. Market Snapshot
6.2. Global Green Technology and Sustainability Market by Technology, Performance – Potential Analysis
6.3. Global Green Technology and Sustainability Market Estimates & Forecasts by Technology 2019-2029 (USD Billion)
6.4. Green Technology and Sustainability Market, Sub Segment Analysis
6.4.1. Internet of Things
6.4.2. Cloud Computing
6.4.3. Artificial Intelligence & Analytics
6.4.4. Others
Chapter 7. Global Green Technology and Sustainability Market, by Application
7.1. Market Snapshot
7.2. Global Green Technology and Sustainability Market by Application, Performance – Potential Analysis
7.3. Global Green Technology and Sustainability Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Green Technology and Sustainability Market, Sub Segment Analysis
7.4.1. Green Building
7.4.2. Carbon Footprint Management
7.4.3. Weather Monitoring & Forecasting
7.4.4. Others
Chapter 8. Global Green Technology and Sustainability Market, Regional Analysis
8.1. Green Technology and Sustainability Market, Regional Market Snapshot
8.2. North America Green Technology and Sustainability Market
8.2.1. U.S. Green Technology and Sustainability Market
8.2.1.1. Technology breakdown estimates & forecasts, 2019-2029
8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Green Technology and Sustainability Market
8.3. Europe Green Technology and Sustainability Market Snapshot
8.3.1. U.K. Green Technology and Sustainability Market
8.3.2. Germany Green Technology and Sustainability Market
8.3.3. France Green Technology and Sustainability Market
8.3.4. Spain Green Technology and Sustainability Market
8.3.5. Italy Green Technology and Sustainability Market
8.3.6. Rest of Europe Green Technology and Sustainability Market
8.4. Asia-Pacific Green Technology and Sustainability Market Snapshot
8.4.1. China Green Technology and Sustainability Market
8.4.2. India Green Technology and Sustainability Market
8.4.3. Japan Green Technology and Sustainability Market
8.4.4. Australia Green Technology and Sustainability Market
8.4.5. South Korea Green Technology and Sustainability Market
8.4.6. Rest of Asia Pacific Green Technology and Sustainability Market
8.5. Latin America Green Technology and Sustainability Market Snapshot
8.5.1. Brazil Green Technology and Sustainability Market
8.5.2. Mexico Green Technology and Sustainability Market
8.5.3. Rest of Latin America Green Technology and Sustainability Market
8.6. Rest of The World Green Technology and Sustainability Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. General Electric
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. IBM
9.2.3. Microsoft
9.2.4. Schneider Electric
9.2.5. Engie Impact
9.2.6. Intelex
9.2.7. Enviance
9.2.8. Sensus
9.2.9. IOT Solutions and Consulting
9.2.10. MineSense Technologies
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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