DUBLIN, March 5, 2024 (GLOBE NEWSWIRE) — Offerings (Solutions, Services), Technologies (IOT, Al & ML, Cloud Computing, Edge Computing, Digital Twin, Blockchain), Verticals Added “Global Green Technology and Sustainability Market (Manufacturing, Energy, Utilities) and Regions – Forecast to 2030'' report ResearchAndMarkets.com Recruitment.

The global green technology and sustainability market is projected to grow from USD 28.6 billion in 2024 to USD 134.9 billion by 2030, at a CAGR of 29.5% during the forecast period. Global companies are undergoing major transformation by adopting green technologies and sustainability initiatives. Key drivers include increased environmental awareness, stricter regulations, and the pursuit of cost efficiency. Companies are incorporating environmentally friendly practices across their operations, from supply chain management to product development.

Deploying renewable energy, waste reduction strategies and sustainable sourcing are becoming standard practices. Additionally, companies are recognizing that projecting a green image that attracts green consumers and investors is a competitive advantage. This shift toward sustainability is reshaping industries, driving innovation, and aligning business with a focus on environmental responsibility globally.

Retail and consumer goods sector is projected to maintain the highest CAGR during the forecast period

The retail and consumer goods sector is poised for significant growth in the areas of green technology and sustainability. This growth is being driven by several key factors. Consumer demand for environmentally friendly and sustainable products is increasing significantly, especially among the younger generation. This demand is driving retailers to offer more sustainable options. Regulatory pressures are also increasing, forcing retailers to integrate sustainability practices across their supply chains. Additionally, technological advances and the introduction of sustainability-enhancing technologies play a vital role in making the retail sector more sustainable. Collectively, these factors point to a solid growth trajectory for the retail and consumer goods sector in the areas of green technology and sustainability.

Among technologies, IoT will occupy the largest market during the forecast period

The Internet of Things (IoT) is having a major impact on the green technology and sustainability market. IoT has emerged as a viable technology for environmental sustainability solutions as it can provide efficiency, accessibility, and real-time monitoring and control of environmental conditions. IoT devices can collect and share data to automate smart decisions and reduce waste and environmental impact. In the context of green technology and sustainability, IoT is used in a variety of applications, including smart grids to optimize power distribution, monitor soil conditions in agriculture, and promote sustainable agricultural practices. The IoT segment holds a dominant market share in the green technology and sustainability market and has established itself as a key player driving market growth due to its ability to enhance resource efficiency and environmental monitoring. Masu.

Among services, professional services are expected to account for the largest market share during the forecast period

Professional services firms play a key role in driving the growth of the green technology and sustainability market. According to SAP Insights, professional services companies are prioritizing measures to operate more efficiently and reduce their environmental impact, including office use and travel. We also link sustainability to our overall service delivery and innovation strategy. Additionally, professional and managed services such as consulting, integration, deployment, support, and maintenance are also one of the major growth areas of the market. Green IT consulting firms help organizations reduce transition risks in green IT and software implementations, and foster a collaborative ecosystem of stakeholders within the value chain to help organizations move away from green IT and software. You can make a profit.

North America is expected to account for the largest market size during the forecast period

Growth in the region can be attributed to efforts and investments to promote sustainable policies and the purchase of sustainable products and services. Major companies in the green technology and sustainability market are based in North America, including Microsoft, GE, IBM, Oracle, and Engie Impact. These companies are expanding their business presence globally by adopting various corporate mergers and alliances. The North American Climate, Energy and Environment Partnership prioritizes soil health, biodiversity and ecosystem services and encourages the adoption of sustainable policies and the purchase of sustainable products and services. Overall, North America's leadership in green technology and sustainability is driving market growth and setting a global example for other regions to follow.

Key attributes:

report attributes detail
number of pages 311
Forecast period 2024-2030
Estimated market value in 2024 (USD) $28.6 billion
Projected market value to 2030 (USD) $134.9 billion
compound annual growth rate 29.5%
Target area global

Main topics covered:

executive summary

  • Global Green Technology and Sustainability Market and Growth Rate, 2019-2023 (USD Million, YoY)
  • Global Green Technology and Sustainability Market and Growth Rate, 2024-2030 (USD Million, YoY)
  • Solutions sector will shoulder larger market during the forecast period
  • Cloud deployment mode considering larger market share during the forecast period
  • Professional services sector is expected to account for larger market share during the forecast period
  • Consulting services sector remains the largest market during the forecast period
  • IoT segment will account for the largest market during the forecast period
  • Energy and utilities sector will account for the largest market share during the forecast period
  • North America will account for the largest market share during the forecast period

premium insights

  • Attractive Opportunities in Green Technology and Sustainability Market – Emergence of advanced AI technologies driving demand for green technology and sustainability solutions
  • Overview of the recession in the global green technology and sustainability market – The green technology and sustainability market is expected to experience a slight decline in year-over-year growth in 2024
  • Green Technology & Sustainability Market: Top 3 Technologies, 2024-2030 – IoT segment to account for largest market share during forecast period
  • Green Technology and Sustainability Market, by Offering and Key Sectors, 2024 – Solutions and Energy & Utilities Sectors to Account for Significant Market Share in 2024
  • Green Technology and Sustainability Market, by Region, 2024 – North America accounts for the largest market share during the forecast period

Market trend

driver

  • Growing environmental awareness and concern
  • Increasing government commitment to low carbon policies
  • Increasing consumer and industry interest in clean energy resources to protect the environment
  • Demand surges for AI-driven recycling technologies to drive green innovation and sustainability

restraints

  • Implementing green technology and sustainability solutions comes at a high cost
  • Lack of robust infrastructure

opportunity

  • Growing efforts to tackle climate change and air pollution
  • Adopting advanced technology across the industry
  • Transforming IT and communications infrastructure for low carbon emissions

assignment

  • Lack of customized solutions to address unique environmental issues
  • Lack of regulation regarding green technology
  • The dynamic nature of consumer preferences

case study analysis

  • Engie Impact guides Isbank to build energy-efficient data center to achieve sustainability
  • Arizona government deploys Sensus smart solutions to improve water infrastructure
  • India's Varanasi smart city chooses Oizom's air quality monitoring equipment to reduce pollution
  • GE helped Bord Gais Energy reduce unplanned downtime
  • Indonesia's Indriati Hospital deploys Schneider Electric's Ecostruxure solution to achieve sustainability
  • Enviance System allows Koch Fertilizer to centralize documentation and implement new internal programs faster
  • JCB manufacturing plant in India selects Oizom dust monitoring solution to improve working environment
  • Oizom's Polludrone smart solution helped enable real-time air quality monitoring for Mumbai-based Pallava City
  • Havertys Furniture Company chooses Engie Impact data-driven energy management strategy to establish sustainability

technical analysis

key technology

  • AI and machine learning
  • cloud computing
  • internet of things
  • big data analysis

Complementary technology

  • smart sensor technology
  • renewable energy storage
  • sustainable manufacturing

adjacent technology

  • blockchain
  • 3D printing
  • digital twin
  • nanotechnology

Green technology and sustainability market business models

  • Digital marketplace model
  • sharing economy model
  • Product-As-A Service Model
  • Reuse/recycle service model
  • Environmental credits and carbon market models

Introduced companies

  • G.E.
  • IBM
  • sales force
  • microsoft
  • schneider electric
  • walters kluwer
  • SAP
  • siemens
  • oracle
  • sensor
  • ENGIE IMPACT
  • AWS
  • Google
  • ABB Corporation
  • huawei
  • Bt group
  • ur solutions
  • diligence
  • Ideagen
  • Amcs group
  • Cority
  • intellex
  • Torini
  • isometrics
  • consensus
  • Cropixel Technologies
  • Ortau
  • Pycno
  • Wint
  • Envirosoft
  • trace genomics
  • Taranis
  • Oizom
  • Treevia Forest Technologies
  • fact line
  • Ene Change Co., Ltd.
  • eco cart
  • Aquipo Technologies

For more information on this report, please visit https://www.researchandmarkets.com/r/oicyrj.

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  • Global Green Technology and Sustainability Market



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