Green technology and sustainability are helping to protect the environment and sustain its natural resources for current and future generations. The increasing concern about environment safety rising demand for the green technology and sustainability market. The advancement in the technological and industrial sectors in developing economies creating environmental issues, hence increasing demand for the green technology and sustainability market. Green technology helps in monitoring, forecasting, prevention, and control of the environment that also propel the growth of green technology and sustainability market.
MARKET SCOPE
The "Global Green Technology and Sustainability Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the green technology and sustainability market with detailed market segmentation by technology, application, and geography. The report provides key statistics on the market status of the leading green technology and sustainability market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
Based on technology, the market is segmented into IoT, AI and analytics, digital twin, cloud computing, security, and blockchain.
Based on application, the market is segmented into green building, carbon footprint management, and weather monitoring and forecasting.
MARKET DYNAMICS
Drivers
- Green technology and sustainability are playing an essential role in keeping a clean and healthy environment. The developing economies rising demand for a digital solution such as IoT, artificial intelligence and analytics, cloud computing, and among others, drive the growth of green technology and the sustainability market.
- Green technology helps to reduce emissions, conserve water, reduce waste, and consume less energy. Additionally, it uses the more efficiently of natural resources owing to that benefits the adoption of green technology and sustainability increases that expected to drive the growth of the green technology and sustainability market.
- High implementing cost and lack of information are the major restraints for the growth of the green technology and sustainability market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The green technology and sustainability market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the green technology and sustainability market in these regions.
IMPACT OF COVID-19 ON GREEN TECHNOLOGY AND SUSTAINABILITY MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the green technology and sustainability market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the green technology and sustainability market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the green technology and sustainability market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ConsenSys Software Inc.
- Cority
- General Electric
- IBM
- LO3 Energy.
- Microsoft
- Sensus, a Xylem brand.
- Taranis
- Trace Genomics, Inc.
- Wolters Kluwer N.V.