Green Technology and Sustainability Market Size, Share, Development by 2029


In 2021, the Green Technology and Sustainability Market was estimated to be worth USD 11.49 billion. The market is anticipated to expand at a CAGR of 20.6% from 2022 to 2029, rising from USD 13.76 billion in 2022 to USD 51.09 billion. According to our research, the global market grew on average by 19.8% in 2020 compared to 2019.

These products and services are used in a variety of applications, including carbon footprint management, crop monitoring, air and water pollution monitoring, and green building. As an illustration, consider the following products from CropX Inc.: Variable-rate Irrigation Management & Automation, Crop-Specific Management, Smart Sustainability Solutions from Schneider Electric, Energy Data Collection, and others.

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·         General Electric Company (U.S.)

·         Enablon (Wolters Kluwer) (Europe)

·         Salesforce.com, Inc. (U.S.)

·         Microsoft Corporation (U.S.)

·         Schneider Electric (France)

·         Engie Impact (U.S.)

·         Sensus (U.S.)

·         Enviance (U.S.)

·         Intelex Technologies Inc. (Canada)

·         CropX Inc. (California)

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The Green Technology and Sustainability market is driven by several factors, including increasing awareness of environmental issues, government regulations and incentives, and the need for resource conservation. The growing demand for clean and renewable energy sources, such as solar and wind power, is driving the growth of the green technology market. Companies are investing in research and development to develop innovative sustainable solutions, such as energy-efficient buildings, electric vehicles, and smart grid technology.

The increasing use of the internet of things (IoT) and big data is also expected to drive the growth of the market, as it enables real-time monitoring and management of energy consumption and emissions. The growing demand for sustainable practices across various industries, such as agriculture, transportation, and consumer goods, is also expected to provide growth opportunities for the Green Technology and Sustainability market in the coming years.

 

Regional Analysis:

The market is divided geographically into five key areas: North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

During the projection period, North America is anticipated to hold a dominant market share in green technology and sustainability. Major companies including Microsoft Corporation, GE Electric, IBM Corporation, Oracle Corporation, Engie Impact, CropX Inc., and Taranis are among those present in the region, and their presence is largely responsible for its growth. Additionally, major market players intend to increase their commercial presence across the globe by utilising business tactics including partnerships, mergers, and collaboration.

The second-largest market share in the global industry is anticipated to belong to Europe. Leading government programmes showcasing cutting-edge low-carbon technology are anticipated to drive market expansion. In July 2020, for instance, European

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