The global green technology & 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. The green technology & sustainability market is witnessing unprecedented growth, driven by a surge in demand for clean energy solutions, digital transformation, and green data centers. This trend attracts environmentally-conscious individuals and investors seeking portfolios aligned with positive environmental impact. In the digital age, green technology & sustainability have become imperative for businesses relying on technology for operational efficiency and competitiveness. Acknowledging and addressing the environmental footprint is crucial. Integrating green technology & sustainability into digital transformation is not a passing trend but a prerequisite for a sustainable future. Embracing sustainability as a core principle in digital transformation strategies mitigates environmental impact and positions businesses as leaders in an increasingly sustainable world.
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Solution segment to account for the largest market size during the forecast period.
Based on the offering segment, the solution is anticipated to hold the largest market size during the forecast period. Businesses are adopting green technology & sustainability solutions to mitigate environmental impacts, comply with regulations, and adapt to changing market demands. The adoption of green technology is viewed as a proactive strategy that enables companies to gain a competitive advantage, improve their financial performance, and enhance their brand image. Green technology & sustainability solutions are generally more expensive than legacy solutions, but businesses are gradually embracing technological advancements to improve their operations and comply with green certification requirements and standards. By adopting green technology, businesses benefit from financial boosts, increased productivity, and tax benefits, among other advantages.
Managed service to account for higher CAGR during the forecast period.
Based on the services, managed services are anticipated to hold the highest CAGR during the forecast period. Managed services are significantly impacting the green technology & sustainability market by providing businesses with outsourced, expert management of their IT infrastructure and services. This approach allows organizations to focus on core competencies while benefiting from advanced technologies that enhance sustainability. Technologies such as cloud computing, IoT, and AI play a crucial role in optimizing energy consumption, improving resource efficiency, and enabling real-time monitoring of environmental metrics. Managed services providers leverage these technologies to implement sustainable practices, reduce carbon footprints, and enhance overall operational efficiency, contributing to the growth and integration of green technology across various industries.
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Unique Features in the Green Technology & Sustainability Market
This market, which adheres to the principles of the circular economy, places a strong emphasis on resource recycling, material reuse, and waste reduction in order to reduce the environmental effect of product lifecycles.
The amalgamation of energy-efficient solutions with smart grid technologies optimises energy use, enhances grid resilience, and facilitates improved resource management in urban settings.
In order to reduce greenhouse gas emissions and fight climate change, state-of-the-art carbon capture and storage (CCS) technology store carbon dioxide emissions from industrial processes underground.
Water scarcity issues are addressed and efficient water use is encouraged via sustainable water management solutions, which make use of cutting-edge technology including desalination, wastewater treatment, and water recycling.
Building sustainability is increased, energy consumption is decreased, and healthier indoor environments are produced via the use of innovative building materials, energy-efficient designs, and green construction techniques.
Major Highlights of the Green Technology & Sustainability Market
Fast growth of renewable energy sources, including hydro, wind, and solar power, propelled by favourable laws, falling prices, and growing public awareness of mitigating climate change.
Businesses in a variety of industries are adopting corporate sustainability practices at an increasing rate due to customer demand, regulatory restrictions, and an understanding of the long-term financial advantages, such as cost savings and improved brand reputation.
Make the shift to a circular economy model by prioritising waste reduction, product lifecycle management, and resource efficiency in order to minimise environmental impact and maximise resource utilisation.
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Top Key Companies in Green Technology & Sustainability Market
Key players operating in the Green technology & sustainability market across the globe are GE (US), IBM (US), Salesforce (US), Microsoft (US), Schneider Electric (France), Sensus (US), Wolters Kluwer (Netherlands), SAP (Germany), Siemens (Germany), Oracle (US), Engie Impact (US), AWS (US), Google (US), ABB (Switzerland), Huawei (China), BT Group (UK), AMCS Group (Ireland), Cority (Canada), Intelex (Canada), Treeni (India), IsoMetrix (US), ConsenSys (US), CropX Technologies (Israel), Hortau (US), Pycno (UK), Wint (US), Envirosoft (Canada), Trace Genomics (US), Taransi (US), Oizom (India), Treevia Forest Technologies (Brazil), Factlines (Norway), ENECHANGE (Japan), EcoCart (US), AquiPor Technologies (US). These Green technology & sustainability market vendors have adopted various organic and inorganic strategies to sustain their positions and increase their market shares in the global market.
Salesforce Inc, is a leading provider of enterprise cloud computing solutions. The company’s Customer 360 Service platform encompasses a range of offerings, including customer data cloud services, marketing automation, integration, commerce, and artificial intelligence. Operating on a subscription-based model, Salesforce delivers its solutions directly through its sales efforts and indirectly through partners. The company facilitates the development of additional functionality and new apps by third parties on its platform. With a diverse clientele spanning industries such as financial services, manufacturing, healthcare, automotive, consumer goods, energy, utilities, education, media, nonprofit, retail, and technology, Salesforce has a global business presence across the Americas, Asia-Pacific, Europe, and Africa. Salesforce is making significant strides in the Green technology & sustainability market, aligning its business practices with environmental responsibility. The company has implemented robust sustainability initiatives, incorporating renewable energy sources to power its data centers and offices. Salesforce is committed to achieving net-zero greenhouse gas emissions and continually invests in energy-efficient technologies.
General Electric (GE), is a diversified provider of industrial, infrastructure, and financial products and services. The company’s extensive portfolio spans aircraft engines and systems, healthcare systems and pharmaceutical diagnostics, power generation, oil and gas production equipment, medical imaging, financing, and various industrial products. Catering to a wide array of industries such as water, oil and gas, power, energy management, aviation, healthcare, digital, transportation, appliances, and lighting, GE operates globally with a significant presence in North America, Europe, Asia, the Middle East, Africa, and other regions. The company has undertaken initiatives to integrate renewable energy sources into its operations, striving to reduce its environmental impact. In addition to enhancing its sustainability practices, GE leverages its diverse portfolio to provide innovative solutions that contribute to a more sustainable future. This includes energy-efficient technologies, renewable energy solutions, and advancements in eco-friendly industrial processes.
Schneider Electric, is a prominent energy management and automation company specializing in the development of technologies and solutions for electricity distribution. The company’s extensive product portfolio encompasses automation and control products, low voltage products and systems, solar and energy storage solutions, medium voltage distribution and grid automation, as well as critical power, cooling, and racks. Schneider Electric has a global presence with operations in Africa, Europe, Asia-Pacific, the Middle East, South America, and North America. The company’s headquarters are situated in Rueil-Malmaison, France. The company is actively involved in developing and implementing innovative solutions that contribute to energy efficiency and sustainability. Schneider Electric’s product portfolio includes offerings such as solar and energy storage solutions, grid automation, and critical power systems, aligning with the global shift towards cleaner and more sustainable energy sources. Moreover, the company provides comprehensive energy and sustainability services, empowering industries to enhance their environmental performance.
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