Global Green Technology and Sustainability | Market Size, Share and opportunities by Forecast - 2026
Global Green Technology and Sustainability Market is valued approximately at USD 6.85 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 27.10% over the forecast period 2019-2026. This technology encompasses a wide range of rapidly changing methods and equipment, varying from energy generation techniques to non-toxic cleaning products. The green technology has short-term as well as long-term impact on the environment. Energy efficiency, renewable resources, recycling, issues about health & safety and many others are all about producing a green technology.
Increasing awareness about environmental concern, government initiatives to confront climate change and air pollution and modernization of IT and telecom infrastructure for low carbon emission are the few factors responsible for high CAGR of the market over the forecast period. For instance, The National Clean Air Programme (NCAP) initiated by Union Minister of Environment, Forest and Climate Change. This initiative aims to tackle the problem of air pollution across the country in a broad manner with objectives to attain 20% to 30% reduction in PM10 and PM2.5 concentrations by 2024. This in turn is projected to augment the demand of green technology and sustainability solutions. However, high product cost associated with green technology solutions is the major factor constraining the growth of global green technology and sustainability market during the forecast period.
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The regional analysis of global Green Technology and Sustainability Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the maximum developments in the green technology and sustainability space in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period. Due to high investment on overhauling their domestic infrastructure, green technology and sustainability solutions is expected to provide lucrative growth opportunities to the Asia-Pacific market over the forecast period of 2019-2026.
Major market player included in this report are:
Enablon North America Corp.
Trace Genomics Inc.
Lo3 Energy, Inc.
Moore & Gasperecz Global (ehsAI)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
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Last Update : Feb 27, 2020
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