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
…..
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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