Green Technology and Sustainability Market
Data visualization can be defined as a collection of a wide range of business applications. The idea of visualizing data is broadly applied in a variation of technologies & terms like scorecards, dashboards, infographics, business intelligence, analytics, and big data. It benefits businesses to gain a related report from an ever-growing, varied and huge amount of business data.
Green Technology and Sustainability Market is predicted to project a notable CAGR of 18.26% in 2031
The growth in consumer and industrial awareness for the use of clean power and energy resources to preserve environment and growing use of RFID radars across industries are roosting the approval of green technology and sustainability solutions and services globally.
Green Technology and Sustainability Market: Segments
Green Building segment to grow with the highest CAGR during 2021-2031
Based on Application, the market is segmented into By Application into Green Building, Carbon Footprint Management, Weather Monitoring & Forecasting, Air & Water Pollution Monitoring, and Others. Green Building segment holds the highest market share of Green Technology and Sustainability Market. The exercise balances the classical building design with features of economy, utility, durability, and comfort. The main deliberations include energy and water efficiency, resource efficiency, indoor environmental value, and the building’s overall influence on the environment.
Cloud Segment to grow with the highest CAGR during 2021-2031
Based on technology, the market is segmented into Internet of Things (IoT), Cloud Computing, Artificial Intelligence & Analytics, and Others. Internet of Things (IoT) segment is predictable to grow at the highest CAGR during the forecast period. The main factor that drives the growth of IoT technology segment is arrival of green systems in IoT connections, which has donated to control pollution & emission, decrease misuse of environmental conservation & scrutiny, and lessen operational costs & power consumption.
Green Technology and Sustainability Market: Market Dynamics
Growth in the use of RFID sensors
IoT has been used to label many technologies and research disciplines. Enabling technologies, such as RFID, sensor networks, biometrics, and nanotechnologies, are now becoming common and bringing IoT forward to report various applications. Smart devices and Sensors, which are interacting through high-speed data, are able to make certain functions separately, calling for new procedures of green interaction between various smart devices, where power consumption is enhanced, and bandwidth utilization is maximized.
Modernization of IT and telecom infrastructure
Technology enterprises are looking for customs to decrease the energy consumption of their products. Businesses are concentrating on building energy-efficient goods, power supplies, and integrated circuits to be energy-efficient, and making co-operative solutions to help clients lessen their carbon emissions. Environment-friendly enterprises practices lessen business risks, enhance reputation, and create huge market opportunities in the green technology and sustainability market.
High product cost
The initial investment cost of building and installing solar and wind farms is high. Like many renewables, solar and wind fields are remarkably cheap to function as their fuel is free and conservation is minimum; hence, most of the expenditure is spent on building technology-based products. Carbon footprint management, Air quality monitoring, and air and water pollution monitoring are a few uses where the application of cutting-edge technologies requires high maintenance costs.
Impact of the COVID-19 on the Green Technology and Sustainability Market
The outbreak of COVID-19 has brought effects on many features, like aircraft terminations; travel bans and quarantines; restaurants, cafes closed; all outdoor events restricted; over forty countries state of emergency declared, and doubt about future. The drop-in emissions of carbon due to COVID-19 is a short-term gain, but resume of industries and businesses looking to receive some of their financial losses through the start of the year, it will essentially lead to a much higher level of carbon emissions. COVID-19 has also affected many company’s profits and when lockdown ends organizations will start concentrating on operations to improve their losses; this might lead to shifting their emphasis from green technologies for their commerce to avoid additional charges.
Green Technology and Sustainability Market: Key Players
General Electric Company
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Intelex Technologies Inc.
Other prominent players
Green Technology and Sustainability Market: Regions
Green Technology and Sustainability Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. North America is estimated to contribute the largest share of the Green Technology and Sustainability Market during the forecast period owing to the overall preference and enthusiasm shown by the general population in the region towards adopting Green Technology. Moreover, large number of players functioning in this region also influence to drive growth of the market in North America. Asia Pacific also holds a major share of the global market. The market in the region is also projected to register the highest CAGR during the forecast period.
Green Technology and Sustainability Market is further segmented by region into:
North America Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-United States and Canada
Latin America Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR- United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Green Technology and Sustainability Market report also contains analysis on:
Green Technology and Sustainability Market Segments:
Internet of Things (IoT)
Artificial Intelligence & Analytics
Carbon Footprint Management
Weather Monitoring & Forecasting
Air & Water Pollution Monitoring
Green Technology and Sustainability Market Dynamics
Green Technology and Sustainability Market Size
Supply & Demand
Competition & Companies Involved in the Market
Value chain of the Market
Market Drivers and Restraints
Green Technology and Sustainability Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 12.26 billion
Revenue forecast in 2031 USD 18.26% billion
Growth Rate CAGR of 18.26% from 2021 to 2031
Base year for estimation 2021
Quantitative units Revenue in USD billion and CAGR from 2021 to 2031
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Technology, Application, and region
Region scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled
Enablon, Salesforce.com, Inc., Microsoft Corporation, Schneider Electric, Engie Impact, Sensus, Enviance, Intelex Technologies Inc., CropX Inc., and Others