Green Technology and Sustainability Market

Green Technology and Sustainability Market by Technology (IoT, AI & Analytics, Digital Twin, Cloud Computing, Security, & Blockchain), Application (Green Building, Carbon Footprint Management, & Weather Monitoring & Forecasting) - Global Forecast to 2024

Report Code: TC 7354 Sep, 2019, by marketsandmarkets.com

[117 Pages Report] The green technology and sustainability market is expected to grow from USD 8.7 billion in 2019 to USD 28.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 27.1% during the forecast period. The growing demand of the products that are less harmful for the environment and increasing environmental awareness are major factors driving the growth of the green technology and sustainability market.

Green Technology and Sustainability Market

By technology, blockchain segment to register considerable growth during the forecast period

Blockchain is one of the trending technologies and is revolutionizing the agricultural industry by enhancing the decision-making capabilities of the organization. Major application in agriculture include product traceability, tracking and visibility, and risk and compliance management. Energy intensive cryptocurrency mining has caused a spike in carbon emission and hence, blockchain is capable of driving innovation in the field of green technology. Various companies are looking to unlock the potential that blockchain holds to catalyze the transition to green energy.

By application, carbon footprint management to register significant growth during the forecast period

In the applications segment, carbon footprint management is projected to register a significant growth during the forecast period in the green technology and sustainability market. Low-carbon technologies are rapidly evolving in terms of capabilities, costs, and with their environmental and natural resource impacts. Moreover, the benefits of these technologies may also vary among regions, owing to differences in the level of economic development, climate, and other impacting factors. The rising cost of natural resources and increasing environmental awareness are driving many businesses to deploy green technologies to reduce carbon footprints and to minimize waste production. Growing public awareness and customers collaborations toward green initiatives are major factors driving the adoption in various sectors around the world.

Green Technology and Sustainability Market

North America to account for the largest market size during the forecast period

North America is a major revenue generating region in the global green technology and sustainability market. The region experiences maximum developments in the green technology and sustainability space. Majority of the green technology and sustainability solution providers across the region are constantly involved in product innovations and deployment of these green technology and sustainability solutions and services. The vendors across the region are adopting various growth strategies, such as product enhancements and new launches, partnerships, and acquisitions, to strengthen their position in the green technology and sustainability market.

Key Green Technology and Sustainability Market Players

The major green technology and sustainability vendors include General Electric (US), IBM (US), Enablon (France), Enviance (US), Sensus (US), Taranis (Israel), Trace Genomics (US), LO3 Energy (US), ConsenSys (US), CropX (Israel), Hortau (US), SMAP Energy (UK), Treevia (Brazil), Pycno (UK), IoT Solutions and Consulting (Europe), Oizom (India), MineSense Technologies (Canada), and WINT (US). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; new product launches and product enhancements; and acquisitions, to further expand their presence in the global green technology and sustainability market. New product launches and product enhancements have been the most dominating strategies adopted by the major players from 2017 to 2019, which has helped them to innovate on their offerings and broaden their customer base.

Scope of the report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Billion (USD)

Segments covered

Technology, Application, and Region

Geographies covered

North America, Europe, APAC, Latin America, and MEA

Companies covered

General Electric (US), IBM (US), Enablon (France), Enviance (US), Sensus (US), Taranis (Israel), Trace Genomics (US), LO3 Energy (US), ConsenSys (US), CropX (Israel), Hortau (US), SMAP Energy (UK), Treevia (Brazil), Pycno (UK), IoT Solutions and Consulting (Europe), Oizom (India), MineSense Technologies (Canada), and WINT (US)

This research report categorizes the green technology and sustainability market based on technology, application, and region.

By Technology, the green technology and sustainability market has the following segments:

  • Internet of Things (IoT)
  • Artificial Intelligence (AI) and Analytics
  • Digital Twin
  • Cloud Computing
  • Security
  • Blockchain

By Application, the green technology and sustainability market has the following segments:

  • 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

By Region, the Green Technology and Sustainability Market has the following segments:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Latin America
  • Middle East and Africa (MEA)

Recent Developments

  • In July 2019, GE Renewable Energy partnered with Emrgy Inc., a tech innovator whose modular turbines harness the power of water as a clean, distributed energy resource. Through this partnership, GE Renewable Energy would provide Emrgy’s hydropower turbines GE Renewable Energy will also begin to offer Emrgy’s product among their suite of hydropower solutions in select markets worldwide. The partnership brings a new business line for GE Renewable Energy to target distributed hydropower opportunities up to 1 MW.
  • In June 2019, Enviance partnered with ehsAI, a company that uses Machine Learning (ML) to transform complex environmental documents into digital requirements to lower the cost of EHS compliance using Artificial Intelligence (AI). The partnership would allow Enviance’s customers to leverage AI to quickly capture complex regulatory permit information including regulations and equipment-level recordkeeping, monitoring, reporting, and testing requirements as well as enabling the tracking and management of those requirements in the Enviance Management System, a cloud-based software program. Enviance Management System simplifies compliance with a user-friendly interface and links activities and operating conditions back to their regulatory drivers to provide real-time visibility into potential problems and company-wide trends.

Critical Questions the Report Answers

  • What are the current trends driving the green technology and sustainability market?
  • Where will all the developments take the industry in the mid- to long-term?
  • Who are the top vendors in the market, and how is the competitive scenario among them?
  • What are the drivers and challenges of the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 26)
    4.1 Attractive Market Opportunities in the Green Technology and Sustainability Market
    4.2 Market Top 3 Applications
    4.3 Market By Region
    4.4 Market in North America, By Technology and Application

5 Market Overview and Industry Trends (Page No. - 29)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Environmental Awareness and Concerns
                    5.2.1.2 Increasing Use of RFID Sensors Across Various Industries
                    5.2.1.3 Increasing Consumer and Industrial Interest for the Use of Clean Energy Resources to Conserve the Environment
           5.2.2 Restraints
                    5.2.2.1 High Product Cost Associated With Green Technology Solutions
           5.2.3 Opportunities
                    5.2.3.1 Initiatives to Tackle Climate Change and Air Pollution
                    5.2.3.2 Modernization of It and Telecom Infrastructure for Low Carbon Emission
           5.2.4 Challenges
                    5.2.4.1 Lack of Tailored Solutions to Address Unique Environmental Issues
                    5.2.4.2 Lack of Regulations for Green Technology
    5.3 Use Cases
           5.3.1 Case 1: Cps Energy Deployed Enviance System to Enhance the Automation of Emissions Reporting Process
           5.3.2 Case 2: Arizona State Government Deployed A Smart Solution to Improve Water Infrastructure
           5.3.3 Case 3: Ge Helps Bord Gáis Energy Continue Its Operations and Reduce Unplanned Downtime
           5.3.4 Case 4: Enviance System Manages and Stores Data, Making It Easy for Koch Fertilizers to Centralize Documentation and Deploy New Internal Programs
           5.3.5 Case 5: Mumbai-Based Palava City to Control Air Quality Using Oizom’s Real-Time Emission Monitoring Solutions
    5.4 Regulatory Implications
           5.4.1 The Kyoto Protocol
           5.4.2 Affordable Clean Energy Rule
           5.4.3 Dubai Green Building Evaluation System
           5.4.4 General Data Protection Regulation
           5.4.5 Federal Trade Commission
           5.4.6 Ansi/Ashrae/Ies Standard 90.1
    5.5 Sustainable Development Best Practices
           5.5.1 Green Building
           5.5.2 Conservation Agriculture
           5.5.3 Leadership in Energy and Environmental Design
           5.5.4 Green Mining

6 Green Technology and Sustainability Market By Technology (Page No. - 40)
    6.1 Introduction
    6.2 Internet of Things
           6.2.1 Growing Use of IoT Sensors in Drones for Environmental Monitoring
    6.3 Artificial Intelligence and Analytics
           6.3.1 Growing Demand of AI and Analytics for Policy-Making, Environmental Analysis, and Real-Time Decision-Making
    6.4 Digital Twin
           6.4.1 Need for Enhancing the Energy Efficiency of Building Stocks to Meet Climatic Changes to Drive the Adoption of Digital Twin
    6.5 Cloud Computing
           6.5.1 Rising Awareness of Use Cases of Cloud Computing in Agriculture and Waste Management
    6.6 Security
           6.6.1 Increase in Cyberattacks on Government Agencies of Energy and Water Management to Drive the Adoption of Security Technology
    6.7 Blockchain
           6.7.1 Increase in the Need for Decision-Making Capabilities Using Blockchain to Drive Their Adoption

7 Green Technology and Sustainability Market By Application (Page No. - 45)
    7.1 Introduction
    7.2 Carbon Footprint Management
           7.2.1 Need to Control the Exponentially Increasing Carbon and Ghg Emissions to Drive the Adoption of Green Technology and Sustainability Solutions
    7.3 Green Building
           7.3.1 Focus on Environment Conservation Along With Growing Integration of Technology While Designing and Constructing Buildings to Drive the Growth of Green Technology and Sustainability Market
    7.4 Water Purification
           7.4.1 Government Focus on R&D to Identify Use Cases of Advanced Technology in Water Purification to Drive the Adoption of the Green Technology and Sustainability Solutions
    7.5 Water Leak Detection
           7.5.1 Increasing Water Wastage Due to Leakage and the Need to Automate Conventional Water Leak Detection Systems to Drive the Green Technology and Sustainability Solutions
    7.6 Fire Detection
           7.6.1 Need for Quick Detection of Fire and Decision-Making to Ensure Safety to Drive the Adoption of Green Technology and Sustainability Solutions
    7.7 Soil Condition/Moisture Monitoring
           7.7.1 Increasing Awareness of Technologies for Soil Monitoring to Drive the Adoption of Green Technology and Sustainability Solution
    7.8 Crop Monitoring
           7.8.1 Increasing Awareness of Technologies for Crop Monitoring to Drive the Adoption of Green Technology and Sustainability Solution
    7.9 Forest Monitoring
           7.9.1 Rising Illegal Deforestation and Need for Monitoring Forests to Drive the Adoption of Green Technology and Sustainability Solutions
    7.10 Weather Monitoring and Forecasting
           7.10.1 Increase in Use of Ai, Sensors, Satellites, and Computer Models to Predict Future Weather Patterns to Drive the Adoption of Weather Monitoring and Forecasting Tools
    7.11 Air and Water Pollution Monitoring
           7.11.1 Increasing Air and Water Pollution to Drive the Need for Green Technology and Sustainability Solutions
    7.12 Sustainable Mining and Exploration
           7.12.1 Need to Reduce Carbon Emissions in Operations and Mitigate Adverse Environmental Mining Impacts to Drive the Green Technology and Sustainability Market Growth

8 Green Technology and Sustainability Market By Region (Page No. - 54)
    8.1 Introduction
    8.2 North America
           8.2.1 United States
                    8.2.1.1 Government Focus on R&D to Integrate Smart Technologies With Utilities Sector to Fuel the Demand for Green Technology and Sustainability Solutions in the US
           8.2.2 Canada
                    8.2.2.1 Government and Private Sector Investments and Initiatives for the Development of Green Technologies to Boost the Adoption of Green Technology and Sustainability Solutions in Canada
    8.3 Europe
           8.3.1 Germany
                    8.3.1.1 Digital Data, Automation, Connectivity, and Digital User Interfaces to Drive Investments in the Green Technology and Sustainability Market in Germany
           8.3.2 United Kingdom
                    8.3.2.1 Government’s Focus on Innovation and Research in the Areas of Green Technology to Fuel the Adoption of Green Technology and Sustainability Solutions in the UK
           8.3.3 France
                    8.3.3.1 Multiple Governments and Industry-Driven Green Technology and Sustainability Initiatives to Drive the Adoption of Green Technology and Sustainability Solution in France
           8.3.4 Rest of Europe
    8.4 Asia Pacific
           8.4.1 China
                    8.4.1.1 Government Initiatives and Increase in Technology Adoption to Drive the Green Technology and Sustainability Market in China
           8.4.2 Singapore
                    8.4.2.1 Various Government Initiatives to Drive the Adoption of Green Technology and Sustainability Solutions in Singapore
           8.4.3 India
                    8.4.3.1 Government’s Push for the Adoption of AI By Businesses and the Need for Waste Management to Drive the Adoption of Green Technology and Sustainability in India
           8.4.4 Rest of Asia Pacific
    8.5 Middle East and Africa
           8.5.1 Middle East
                    8.5.1.1 Government Initiatives and Partnerships for Clean Technology to Drive the Adoption of Green Technology and Sustainability Solutions in the Middle East
           8.5.2 Africa
                    8.5.2.1 Focus on Government Initiatives to Boost the Growth of the Green Technology and Sustainability Market in Africa
    8.6 Latin America
           8.6.1 Brazil
                    8.6.1.1 Increasing Investments and Support of the Government to Control Emissions and Promote the Construction of Green Buildings to Drive the Adoption of Green Building and Technology Solutions in Brazil
           8.6.2 Mexico
                    8.6.2.1 The Initiation of the Government’s Carbon Market Pilot Project to Drive Investments in the Areas of Green Technology and Sustainability in Mexico

9 Company Profiles (Page No. - 79)
    9.1 Introduction
(Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
    9.2 General Electric
    9.3 IBM
    9.4 Microsoft
    9.5 Enablon
    9.6 Enviance
    9.7 Sensus
    9.8 Taranis
    9.9 Trace Genomics
    9.10 Lo3 Energy
    9.11 Consensys
    9.12 Cropx
    9.13 Hortau
    9.14 Smap Energy
    9.15 Treevia
    9.16 Pycno
    9.17 IoT Solutions and Consulting
    9.18 Oizom
    9.19 Minesense Technologies
    9.20 Wint

*Details on Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

10 Appendix (Page No. - 108)
     10.1 Industry Excerpts
     10.2 Discussion Guide
     10.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     10.4 Available Customizations
     10.5 Related Reports
     10.6 Author Details


List of Tables (21 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Global Green Technology and Sustainability Market Size and Growth Rate, 2017–2024 (USD Million, Y-O-Y %)
Table 4 Market Size By Technology, 2017–2024 (USD Million)
Table 5 Market Size By Application, 2017–2024 (USD Million)
Table 6 Market Size By Region, 2017–2024 (USD Million)
Table 7 North America: Green Technology and Sustainability Market Size, By Technology, 2017–2024 (USD Million)
Table 8 North America: Market Size By Application, 2017–2024 (USD Million)
Table 9 North America: Market Size By Country, 2017–2024 (USD Million)
Table 10 Europe: Green Technology and Sustainability Market Size, By Technology, 2017–2024 (USD Million)
Table 11 Europe: Market Size By Application, 2017–2024 (USD Million)
Table 12 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 13 Asia Pacific: Green Technology and Sustainability Market Size, By Technology, 2017–2024 (USD Million)
Table 14 Asia Pacific: Market Size By Application, 2017–2024 (USD Million)
Table 15 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 16 Middle East and Africa: Green Technology and Sustainability Market Size, By Technology, 2017–2024 (USD Million)
Table 17 Middle East and Africa: Market Size By Application, 2017–2024 (USD Million)
Table 18 Middle East and Africa: Market Size By Country, 2017–2024 (USD Million)
Table 19 Latin America: Green Technology and Sustainability Market Size, By Technology, 2017–2024 (USD Million)
Table 20 Latin America: Market Size By Application, 2017–2024 (USD Million)
Table 21 Latin America: Market Size By Country, 2017–2024 (USD Million)


List of Figures (28 Figures)

Figure 1 Green Technology and Sustainability Market: Research Design
Figure 2 Market: Top-Down and Bottom-Up Approaches
Figure 3 Market Snapshot By Technology
Figure 4 Market Snapshot By Application
Figure 5 Market Snapshot By Region
Figure 6 Increasing Awareness of Environmental Concerns and Growing Interest to Conserve Environment Through Integration of Technologies to Drive the Overall Growth of the Green Technology and Sustainability Market During the Forecast Period
Figure 7 Green Building Application to have the Largest Market Size During the Forecast Period
Figure 8 North America to Hold the Highest Market Share in 2019
Figure 9 IoT Technology and Green Building Application in North America to Account for the Highest Shares in the Green Technology and Sustainability Market in 2019
Figure 10 Drivers, Restraints, Opportunities, and Challenges: Green Technology and Sustainability Market
Figure 11 AI and Analytics Segment to Register the Highest CAGR During the Forecast Period
Figure 12 Crop Monitoring Application Segment to Witness the Highest Growth Rate During the Forecast Period
Figure 13 North America to Hold the Largest Market Size in 2019
Figure 14 Mexico to Register the Highest CAGR During the Forecast Period
Figure 15 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 16 North America: Market Snapshot
Figure 17 Soil Condition/Moisture Monitoring Application to have the Highest CAGR During the Forecast Period
Figure 18 Crop Monitoring Application to Grow at the Highest CAGR During the Forecast Period
Figure 19 Asia Pacific: Market Snapshot
Figure 20 Crop Monitoring Application to have the Highest CAGR During the Forecast Period
Figure 21 Crop Monitoring Application to Grow at the Highest CAGR During the Forecast Period
Figure 22 Crop Monitoring Application to Grow at the Highest CAGR During the Forecast Period
Figure 23 General Electric: Company Snapshot
Figure 24 General Electric: SWOT Analysis
Figure 25 IBM: Company Snapshot
Figure 26 IBM: SWOT Analysis
Figure 27 Microsoft: Company Snapshot
Figure 28 Microsoft: SWOT Analysis

The study involved 4 major activities to estimate the current market size for green technology and sustainability. An exhaustive secondary research was done to collect information on market, peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to, to identify and collect information for this study. The secondary sources included annual reports, best practices, international organization websites and resources (UN-Habitat, Zero Waste Europe, U.S. Green Building Council, Environmental Protection Agency, etc.), press releases and investor presentations of companies, white papers, certified publications such as International Journal of Green Technology (IJGTech) and Forbes, articles by recognized authors, gold standard and silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

Various primary sources from both supply and demand sides of the green technology and sustainability market were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors of green technology and sustainability solutions, associated service providers, and system integrators operating in the targeted regions. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

The following is the breakup of the primary respondents’ profiles:

Green Technology and Sustainability Market

To know about the assumptions considered for the study, download the pdf brochure

Green Technology and Sustainability Market size estimation

For making market estimates and forecasting the green technology and sustainability market and other dependent submarkets, the top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global green technology and sustainability market using the revenue of key companies and their offerings in the market. The research methodology used to estimate the market size included the following:

  • The key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, segment, and project the global market size for green technology and sustainability
  • To understand the structure of the green technology and sustainability market by identifying its various subsegments
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the overall market
  • To project the size of the market and its submarkets, in terms of value, with respect to the 5 regions (along with their respective key countries)
  • To profile key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify major growth strategies adopted by players across key regions
  • To analyze the competitive developments, such as expansions and investments, new product launches, mergers and acquisitions, joint ventures, and agreements in the green technology and sustainability market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the North American green technology and sustainability market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the Latin American market
  • Further breakup of the MEA market

Company information

  • Detailed analysis and profiling of additional market players up to 5

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Report Code
TC 7354
Published ON
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