DUBLIN--(BUSINESS WIRE)--The "Green Technology and Sustainability Market: Trends, Opportunities and Competitive Analysis 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global green technology and sustainability market is poised for remarkable growth, offering vast opportunities in various segments such as carbon footprint management, green building, water purification, fire detection, and more. According to this latest report the market is projected to achieve an estimated value of $47.8 billion by 2028, with a robust CAGR of 21.9% from 2023 to 2028.
The major drivers behind this market's growth are the growing environmental awareness and concern towards global warming, along with the increasing acceptance of advanced technologies.
Key Market Segments:
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Green Technology and Sustainability Market by Component:
- Solution
- Services
- Consulting
- Integration and Deployment
- Support and Maintenance
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Green Technology and Sustainability Market by Technology:
- IoT
- AI and Analytics
- Digital Twin
- Cloud Computing
- Security
- Blockchain
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Green Technology and Sustainability Market by 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
- Sustainable Mining and Exploration
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Green Technology and Sustainability Market by Vertical:
- Energy and Utilities
- Travel and Transportation
- Industrial Manufacturing
- Chemicals
- Retail and Consumer Package Goods
- Public Sector
- Financial Services
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Green Technology and Sustainability Market by Region:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Insights from the Market:
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Solutions will remain the largest segment over the forecast period due to ongoing technological advancements and the adoption of novel technologies worldwide.
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Green building is expected to remain the largest segment, driven by its increasing usage for monitoring residential buildings.
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North America will continue to dominate the market, given the presence of green technology and sustainability vendors focused on R&D and advanced technology integration to tackle climate change and environmental challenges.
Commenting on the market, the analyst said: "The global green technology and sustainability market is experiencing rapid growth as organizations and individuals are becoming more conscious of the need to address environmental challenges. Major players in this market are expanding their manufacturing facilities and investing in R&D to offer innovative products & technologies, cater to rising demand, and ensure competitive effectiveness."
Market Insight:
The green technology and sustainability market offer significant opportunities for businesses to address environmental concerns and embrace advanced solutions. Leading players are focusing on enhancing their offerings, investing in R&D, and integrating technologies across the value chain.
FAQs:
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What is the estimated market size of the global green technology and sustainability market by 2028? The market is projected to reach an estimated value of $47.8 billion by 2028.
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What are the key factors driving the growth of the green technology and sustainability market? The market growth is driven by the growing environmental awareness and concern towards global warming, along with the increasing acceptance of advanced technologies.
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Which segment is expected to be the largest over the forecast period? Solutions are expected to remain the largest segment due to ongoing technological advancements and adoption.
Companies Covered:
- GE
- IBM
- Enablon
- Salesforce
- Microsoft
- Engie Impact
- Intelex
- Enviance
- Sensus
- LO3 Energy
- Isometrix
- ConsenSys
For more information about this report visit https://www.researchandmarkets.com/r/oeyge5
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