Report Id: SNS/ICT/1592 | June 2022 | Region: Global | 130 Pages
Report Scope & Overview:
Green Technology and Sustainability market size was valued at USD 13.11 Bn in 2021 and is expected to reach USD 71.07 Bn by 2028, and grow at a CAGR of 27.71% over the forecast period 2022-2028.
Green Technology and Sustainability is a term that refers to a method, set of applications, or a collection of items that are used to protect natural resources and the environment. Green Technology and Sustainability's major goal is to generate renewable energy while minimizing negative effects on human health and the environment. It comprises green chemistry and environmental monitoring, which aid in the development of sustainable and socio-economic models that will ensure a healthy environment for future generations. Green technology is a collection of goods, methods, applications, and behaviors designed to conserve natural resources and protect the environment.
Sustainability, on the other hand, is defined as a route that addresses environmental issues while also promoting economic and social advancement. Green technology encompasses a diverse spectrum of methods and equipment that are continually evolving, ranging from energy-generating techniques to non-toxic cleaning solutions. Green technology has both short- and long-term environmental consequences. Green technology encompasses energy efficiency, recycling, health and safety concerns, renewable resources, and more.
Consumers are becoming more environmentally conscious.
Rising demand for environmentally friendly or less damaging items
RFID sensors are becoming more widely used in a variety of sectors.
High product prices are connected with green technology solutions.
Regulations on green technologies are lacking.
IT and communications infrastructure modernization to reduce carbon emissions.
To raise customer awareness, retailers are promoting ecologically friendly items.
Green technology adoption needs a unified legal framework. There is no dedicated consigned body in most nations to control these rules.
Vendors find it challenging to satisfy end-user expectations due to the shifting structure of regulatory rules and changing macroeconomic conditions.
IMPACT OF COVID-19:
The market for green technology and sustainability has grown significantly in recent years; but, due to the onset of the COVID-19 pandemic, the market is expected to decline somewhat in 2021. This is due to governments in the majority of nations imposing a state of emergency and shutting down numerous solar panel and wind turbine projects throughout the world. Due to strict social distancing measures, even the installation of modest solar panels in homes and other industry projects has been suspended. Various green technology solution suppliers throughout the world, on the other hand, are proposing new tactics and business plans in order to stay afloat and increase their market worth.
Solution and services make up the component section. During the projection period, the solution segment is expected to account for a greater market share. The environment has been continually abused since the advent of globalization and innovative development. Emerging technologies provide new avenues for green technology and sustainable development, taking into account their social, economic, and environmental components. As a result, growing awareness of technology's negative impact on the environment is a significant driver driving the adoption of green technology and sustainability solutions across verticals throughout the world, which drives the green technology and sustainability market growth.
IoT, AI and analytics, digital twin, cloud computing, security, and blockchain are the technology segments of the green technology and sustainability market. Several firms are already utilizing blockchain to make energy networks more accessible and sustainable by encouraging real-time data exchange. Because energy-intensive cryptocurrency mining has resulted in an increase in carbon emissions, blockchain has the potential to drive green technology innovation. During the projection period, the cloud computing technology category is predicted to have the greatest market size. The benefits of the cloud in providing real-time remote access to data via sensors, satellite photos, and weather can be ascribed to this increase.
The green technology and sustainability market includes applications such as 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. The green building category is predicted to be the largest market over the forecast period. The technique of developing and executing structures and procedures that are ecologically responsible and resource-efficient throughout the life cycle of a building, from site selection to design, construction, operation, maintenance, renovation, and deconstruction, is known as a green building. The technique incorporates characteristics of economy, usability, durability, and comfort into traditional building design. Energy and water efficiency, resource efficiency, interior environmental quality, and the building's overall influence on the environment are all important factors to consider.
KEY MARKET SEGMENTS:
On The Basis of Component
On The Basis of Technology
Internet of Things (IoT)
Artificial Intelligence & Analytics
On The Basis of Application
Carbon Footprint Management
Weather Monitoring & Forecasting
Air and Water Pollution Monitoring
Soil Condition/Moisture Monitoring
In terms of market share, North America dominates the green technology and sustainability sector. Due to the quick adoption of innovative technology in industrialized nations such as the United States and Canada, this trend is projected to continue in the near future. Due to increased government and corporate efforts to combat climate change by implementing technological solutions for diverse applications, Europe is expected to be the second-largest regional market. Due to a vast customer base and a growing government focus on expanding the use of eco-friendly solutions, Asia-Pacific is predicted to develop at the quickest rate throughout the projection period. China, India, and Japan all have faster growth rates than the rest of the world. Increasing R&D initiatives for technology-based renewable energy sources in developing nations like China and India are expected to boost regional market expansion throughout the research period.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are Cropx inc., Enablon, Enviance, General Electric company, Hortau, International business, machines corporation, Lo3 energy, Oracle corporation, Trace genomics, inc., Tech Mahindra limited
|Market Size in 2021||US$ 13.11 Bn|
|Market Size by 2028||US$ 71.07 Bn|
|CAGR||CAGR of 27.71% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Component (solution and services)
• by Technology (Internet of Things (IoT), Cloud Computing, Artificial Intelligence & Analytics, Digital Twin, Cybersecurity, Blockchain)
• by Application (Green Building, Carbon Footprint Management, Weather Monitoring & Forecasting, Air and Water Pollution Monitoring, Forest Monitoring, Crop Monitoring, Soil Condition/Moisture Monitoring, Water Purification, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Cropx inc., Enablon, Enviance, General Electric company, Hortau, International business, machines corporation, Lo3 energy, Oracle corporation, Trace genomics, inc., Tech Mahindra limited|
|Key Drivers||• Rising demand for environmentally friendly or less damaging items
• RFID sensors are becoming more widely used in a variety of sectors
|Market Opportunities||• IT and communications infrastructure modernization to reduce carbon emissions
• To raise customer awareness, retailers are promoting ecologically friendly items
Frequently Asked Questions (FAQ) :
Ans: - The Green Technology and Sustainability market size was valued at USD 13.11 Bn in 2021.
Ans: - Consumers are becoming more environmentally conscious and Rising demand for environmentally friendly or less damaging items.
Ans: - In terms of market share, North America dominates the green technology and sustainability sector.
Ans: - The primary growth tactics of Green Technology and Sustainability market participants include merger and acquisition, business expansion, and product launch.
Ans: - The study includes a comprehensive analysis of Speech-to-text API Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Green Technology and Sustainability Market Segmentation, by Component
9. Green Technology and Sustainability Market Segmentation, by Technology
9.1 Internet of Things (IoT)
9.2 Cloud Computing
9.3 Artificial Intelligence & Analytics
9.4 Digital Twin
10. Green Technology and Sustainability Market Segmentation, by Application
10.1 Green Building
10.2 Carbon Footprint Management
10.3 Weather Monitoring & Forecasting
10.4 Air and Water Pollution Monitoring
10.5 Forest Monitoring
10.6 Crop Monitoring
10.7 Soil Condition/Moisture Monitoring
10.8 Water Purification
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Cropx inc.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.4 General Electric company
12.6 International business machines corporation
12.7 Lo3 energy
12.8 Oracle corporation
12.9 Trace genomics, inc.
12.10 Tech Mahindra limited
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.