The green technology global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Green Technology Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The green technology market size has grown exponentially in recent years. It will grow from $18.69 billion in 2023 to $23.6 billion in 2024 at a compound annual growth rate (CAGR) of 26.3%. The growth in the historic period can be attributed to raising awareness of the benefits of green technologies, growing demand for biomass solutions, urgency to address climate change increases, shift towards shorter-term deployment-ready climate tech solutions, inclination towards sustainable investment.
The green technology market size is expected to see exponential growth in the next few years. It will grow to $61.13 billion in 2028 at a compound annual growth rate (CAGR) of 26.8%. The growth in the forecast period can be attributed to increasing corporate commitments to achieving net-zero emissions, emerging economies investing in green infrastructure, growing concerns about climate change and environmental degradation, increasing industrial and consumer awareness, government initiatives to promote the use of green technologies. Major trends in the forecast period include data measurement technologies and software solutions, improve efficiency, create new revenue streams, performance monitoring, drives innovation in climate tech, provide scalable and profitable solutions.
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Scope Of Green Technology Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Green Technology Market Overview
Market Drivers –
The rising shift towards sustainable investing is expected to propel the growth of the green technology market going forward. Sustainable investing, also known as ESG investing (Environmental, Social, and Governance), is an investment approach seeking to generate financial returns while considering environmental, social, and governance (ESG) factors. With the increasing awareness of environmental and social issues, a more extensive scope of investments contributes to a sustainable future. Sustainable investing incorporates green technology by allocating capital to companies developing and implementing environmentally friendly solutions to address pressing global challenges while generating financial returns and advancing a more sustainable future. For instance, in December 2021, according to the data published by Thomson Reuters Lipper, a US-based financial services company, a record $649 billion flowed into ESG-focused funds globally in 2021, up from $542 billion in 2020. ESG funds now account for 10% of all global fund assets. Therefore, rising shifts towards sustainable investing are driving the growth of the green technology market.
Market Trends –
Major companies operating in the healthcare data integration market are focused on developing innovative data integration offerings, such as Clinical Data Studio and Health Record Connect, to gain a competitive advantage in the market. Clinical Data Studio and Health Record Connect are new data integration solutions that enhance and streamline clinical data workflows in clinical trials. For instance, in November 2023, Medidata Solutions Inc., a US-based technology company that develops and markets software as a service for clinical trials, launched Clinical Data Studio and Health Record Connect, a data integration solution designed to enhance and accelerate clinical trials. Medidata’s clinical data offerings optimize workflows by incorporating lab data, electronic health records, and sensors. Clinical Data Studio streamlines data standardization, while Health Record Connect integrates clinical research into healthcare data, transforming study conduct with AI insights. These solutions boost trial outcomes by utilizing actionable data insights and enhancing data quality and management processes. They combine healthcare data sources to increase efficiencies and improve patient outcomes in clinical research settings.
The green technology market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Technology: Internet Of Things (IoT), Cloud Computing, Artificial Intelligence And Analytics, Digital Twin, Cybersecurity, Blockchain
3) By Applications: Non-Residential, Residential, Other Applications
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Regional Insights –
North America was the largest region in the green technology market in 2023. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the green technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the green technology market are Alphabet Inc., Microsoft Corporation, Engie SA, Tencent Holdings Limited, General Electric Company, International Business Machines Corporation, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd., Salesforce Inc., NEC Corporation, Adobe Inc., VMware Inc., Intuit Inc., Atos SE, Blackstone Inc., Wolters Kluwer N.V., Adani Green Energy Limited, OneTrust LLC, EKI Energy Services Limited, thinkstep Ltd., Verisae LLC, ClimatePartner Gmbh, 3 Degrees Inc., ProcessMAP Corporation, Sustainable Travel International Inc., Cool Effect Inc., Sensus B.V
Table of Contents
1. Executive Summary
2. Green Technology Market Report Structure
3. Green Technology Market Trends And Strategies
4. Green Technology Market – Macro Economic Scenario
5. Green Technology Market Size And Growth
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27. Green Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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