Global Global Green Technology and Sustainability Market Report 2024 - A $44.5 Billion Market by 2028, Registering CAGR of 23%

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Feb 09, 2024, 13:15 ET

DUBLIN, Feb. 9, 2024 /PRNewswire/ -- The "Green Technology and Sustainability Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.

Amid the escalation of global environmental concerns, a comprehensive Green Technology and Sustainability Global Market Report has been methodically compiled, summarizing pivotal industry insights projected through 2024. The report encapsulates crucial data pertaining to market trends, growth trajectories, and technological innovations.

As the green technology and sustainability industry observes a monumental surge, reaching a market size of $19.19 billion in 2024 with a notable CAGR of 25.6%, industry stakeholders and analysts highlight the exponential growth this sector is witnessing. The market is forecast to further grow to $44.55 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%.

The market research report showcases the industry's current status and provides a rigorous assessment of the future outlook, concerning various critical sectors including renewable energy, waste management, and energy-efficient technologies.

Regional Spotlight and Market Drivers

An in-depth regional analysis identifies North America as the dominant force in the market landscape, a position it held with a significant market share in 2023. The market is propelled by burgeoning demand for sustainable practices and products and innovative technological advancements that aim to improve energy efficiency and minimize ecological footprints.

Sharp escalation in global fuel prices coupled with rising environmental pollution levels
Increasing consumer inclination towards eco-friendly products, as revealed by consumer surveys
Technological breakthroughs such as energy management systems that optimize electricity costs and operations
Strategic corporate partnerships to promote and achieve substantial greenhouse gas emission reductions

The emergent shift towards sustainable and environmentally cognizant consumer habits is substantiating the market expansion. The predictive analytics included within the report lay particular emphasis on the consumer-driven trends and the traction gained by eco-friendly products and services. These shifts converge on a transformative outlook for businesses and offer a comprehensive understanding of the market dynamics that are shaping the future of green technology and sustainability.

Technological Trends and Strategic Movements

Observing the market from a technological perspective, the report underscores the integration of advanced solutions like AI, IoT, and blockchain in promoting sustainability across various sectors. The literature scans through an array of strategies employed by key market players, ranging from advanced energy management systems to strategic acquisitions aimed at increasing market presence and capability in renewable energy and sustainability domains.

The broad horizon of the green technology and sustainability market comprises a spectrum of influential companies, whose innovative products and initiatives are instrumental in driving the industry forward. This report offers comprehensive profiles and analyses of these key market players, their competitive strategies, and their contribution to a net-zero economy.

The Green Technology and Sustainability Global Market Report aims to equip industry leaders, policymakers, investors, and other stakeholders with deep insight to navigate this rapidly growing market effectively. It acknowledges the pivotal role of transformative technologies and market forces in steering the evolution of global sustainable practices and the commitment to a greener future.

Key Markets Covered:

By Component: Solution; Services
By Technology: Internet of things (IoT); AI and Analytics; Digital Twin; Cloud Computing; Security; Block-chain
By Application: Green Building; Carbon Footprint Management; Weather Monitoring and Forecasting; Air and Water Pollution Monitoring; Forest Monitoring; Crop Monitoring; Soil Condition and Moisture Monitoring; Water Purification; Other Applications

Companies Profiled

General Electric Company
Intelex Technologies Inc.
Microsoft Corporation
ConsenSys
Salesforce.com Inc.
Schneider Electric SE
Trace Genomics
ENGIE Insight Services Inc.
LO3 Energy
Enablon
MineSense Technologies Ltd.
Enviance
IsoMetrix Software
Oracle Corporation
Tech Mahindra Ltd.
IBM
Sunnova Energy International Inc.
SunPower Corporation
Siemens Gamesa Renewable Energy SA
SolarEdge Technologies Inc.
Brookfield Renewable Partners LP
Autodesk Inc.
Evoqua Water Technologies Corp.
Bloom Energy Corporation
Burcon NutraScience
JinkoSolar Holding Co. Ltd.
Johnson Controls International PLC
Suntech Power Co. Ltd.
Hanwha Q CELLS Co. Ltd.
Trina Solar Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/gg1qg4

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