Green Technology and Sustainability Market: Current Analysis and Forecast (2021-2027)

Report Description

The Global Green Technology and Sustainability Market is anticipated to grow with an elevated CAGR of around 24% over the forecast period (2021-2027). The global green technology and sustainability market is growing on account of the increasing investments in critical infrastructure is likely to drive the green technology and sustainability market. For instance, in 2020, the US government has committed a federal investment of USD 1.7 trillion in climate resilience and clean energy over the course of the next 10 years. Furthermore, growing environmental awareness and growing concerns among organizations and individuals about global warming are the factors driving the growth of the green technology and sustainability market. Moreover, increased demand for eco-friendly products or less harmful products is driving the growth of the market. The government initiatives for dropping the carbon footprint and minimizing waste production are major factor that is anticipated to propel the growth of the market over the forecast period.

Insights Presented in the Report

“Amongst Component, solutions segment holds the major share”

Based on component, the market is segmented into solutions and services (consulting, integration and deployment, support and maintenance). The solutions segment is expected to achieve a significant CAGR during the forecast period. Green technology and sustainability solutions provide real-time statistics, charting and monitoring tools, and management services, it also includes environmental monitoring and renewable energy solutions that assist in developing robust and reliable infrastructure and further help create a healthy environment.

“Amongst Technology, blockchain segment holds the major share”

Based on technology, the market is segmented into IoT, digital twin, cloud computing, blockchain, and others. The blockchain segment held a significant share of the green technology and sustainability market in 2020 and is expected to witness substantial growth during the forecast period. The adoption of blockchain technology can be attributed to its decentralized nature and its accessibility. Startups around the globe are using blockchain as a tool to make the energy grid more accessible and sustainable by promoting data sharing in real-time.

“North America represents one of the largest markets of Green Technology and Sustainability market”

For a better understanding of the market dynamics of the Green Technology and Sustainability market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of APAC), Rest of World has been conducted. North America held a prominent share of the global green technology and sustainability Market in 2020 and is expected to showcase a prominent growth rate during the forecast period. This can be attributed to the presence of leading green technology and sustainability service providers and the integration of cloud and IoT with green technology and sustainable market solutions.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

Customization Options:

The global green technology and sustainability market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Global Green Technology and Sustainability Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global green technology and sustainability market were the three major steps undertaken to create and analyze the adoption of the green technology and sustainability in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global green technology and sustainability market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the green technology and sustainability through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the green technology and sustainability market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component and technology. Further country-level analyses were conducted to evaluate the overall adoption of green technology and sustainability across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of green technology and sustainability market. Further, we conducted factor analysis using dependent and independent variables such as component and technology. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the green technology and sustainability sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the green technology and sustainability market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of green technology and sustainability across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the green technology and sustainability market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the green technology and sustainability market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas component, component and technology. of the green technology and sustainability market.

The main objective of the Green Technology and Sustainability Market Study

The current & future market trends of green technology and sustainability were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the green technology and sustainability in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of component and technology
• Define and analysis of the regulatory framework for the green technology and sustainability industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the green technology and sustainability market for the major region
• Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the world
• Company profiles of the green technology and sustainability market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team