According to a market report by Lucintel, the future of the green technology and sustainability market looks promising with opportunities in the carbon footprint management, green building, water purification, water leak detection, fire detection, soil condition/moisture monitoring, crop monitoring, forest monitoring, weather monitoring and forecasting air and water pollution monitoring, and sustainable mining and exploration markets. The global green technology and sustainability market is expected to reach an estimated $47.8 billion by 2028 with a CAGR of 21.9% from 2023 to 2028. The major drivers for this market are growing environmental awareness and concern towards global warming and increasing acceptance of advanced technologies.
In this market, solution, services, consulting, integration and deployment, and support and maintenance are the major segments of green technology and sustainability market by component. Lucintel forecasts that solution will remain the largest segment over the forecast period due to on-going technological advancements and adoption of novel technologies across the globe.
Within this market, green building is expected to remain the largest segment due to its increasing usage to monitor residential buildings.
North America will remain the largest region due to presence of green technology and sustainability vendors who are focusing on R&D and integration of advanced technologies to serve the challenge of climate change and the increasing levels of emissions, pollution, and waste.
GE, IBM, Enablon, Salesforce, Microsoft, Schneider Electric, Engie Impact, Intelex, Enviance, Sensus, LO3 Energy, Isometrix, and ConsenSys are the major suppliers in the global green technology and sustainability market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global green technology and sustainability market by component, technology, application, vertical, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Green Technology and Sustainability Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global green technology and sustainability market by component, technology, application, vertical, and region, as follows:
Green Technology and Sustainability Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
Solution
Services
Consulting
Integration and deployment
Support and maintenance
Green Technology and Sustainability Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
IoT
AI and analytics
Digital twin
Cloud computing
Security
Blockchain
Green Technology and Sustainability Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Carbon Footprint Management
Green Building
Water Purification
Water Leak Detection
Fire Detection
Soil Condition/Moisture Monitoring
Crop Monitoring
Forest Monitoring
Weather Monitoring and Forecasting
Air and Water Pollution Monitoring
Sustainable Mining and Exploration
Green Technology and Sustainability Market by Vertical [Value ($B) Shipment Analysis from 2017 to 2028]:
Energy and Utilities
Travel and Transportation
Industrial Manufacturing
Chemicals
Retail and Consumer Package Goods
Public Sector
Financial Services
Green Technology and Sustainability Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the green technology and sustainability market by component (solution, services, consulting, integration and deployment, and support and maintenance), technology (IoT, AI and analytics, digital twin, cloud computing, security, and blockchain), application (carbon footprint management, green building, water purification, water leak detection, fire detection, soil condition/moisture monitoring, crop monitoring, forest monitoring, weather monitoring and forecasting air and water pollution monitoring, and sustainable mining and exploration), vertical (energy and utilities, travel and transportation, industrial manufacturing, chemicals, retail and consumer package goods, public sector, and financial services), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?