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Green Technology and Sustainability Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 121
  • SKU: IRTNTR73510
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The green technology and sustainability market share is expected to reach an estimated USD 26.10 billion by 2026 at an accelerating CAGR of 23.8%.

This green technology and sustainability market research report extensively covers green technology and sustainability market segmentation by:

  • Product - Solution and Services
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

The green technology and sustainability market report also offers information on several market vendors, including AAA Taranis Visual Ltd., ConsenSys Software Inc., Cority Software Inc., CropX Inc., Digi International Inc., ENGIE SA, Fortive Corp., General Electric Co., Hortau Inc., International Business Machines Corp., LO3 Energy Inc., Microsoft Corp., Oracle Corp., Salesforce.com Inc., Schneider Electric SE, SMAP Energy Ltd., Tech Mahindra Ltd., Trace Genomics Inc., Wolters Kluwer NV, and Xylem Inc. among others.

What will the Green Technology and Sustainability Market Size be During the Forecast Period?

Green Technology and Sustainability Market Size

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Green Technology and Sustainability Market: Key Drivers, Trends, and Challenges

The increasing use of RFID sensors across industries is notably driving the green technology and sustainability market growth, although factors such as the lack of regulations for green technology may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the green technology and sustainability industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Green Technology and Sustainability Market Driver

One of the key factors driving growth in the green technology and sustainability market is the increasing use of RFID sensors across industries. Internet of things (IoT) is being used to denote a range of technologies and research areas that enable global communication over physical objects. RFID, sensor networks, biometrics, and nanotechnologies are already popular, which are propelling IoT further to handle a range of applications such as smart grid, eHealth, and intelligent transportation. Sensors and smart devices connecting via high-speed data can accomplish certain tasks autonomously, necessitating new forms of green communication between different smart devices in which power consumption and bandwidth usage are improved. Smart devices have the potential to automate operations across the production cycle, from irrigation and fertilization to control bugs or pests. RFID tag and sensor collaboration might lead to plenty of new green project solutions, including more efficient energy generation, waste management, and recycling. Such factors are expected to fuel the growth of the market in focus.

Key Green Technology and Sustainability Market Trend

The rise in number of green data centers is a green technology and sustainability market trend that is expected to have a positive impact in the coming years. Green cloud computing is mostly based on green data center technologies. A green data center, also known as a sustainable data center, is essentially a service facility that uses energy-efficient technology for data management, storage, and data operations. For instance, according to the US Data Center Energy Usage Report 2020, data centers in the US are expected to consume about 73 billion kWh in 2020. Similarly, the European Commission estimated that data centers in Europe would consume 259 TWh of power during the forecast period. Such high energy consumption is projected to boost the adoption of green data centers across the globe, which is likely to fuel the growth of the market in focus during the forecast period.

Key Green Technology and Sustainability Market Challenge

The lack of regulations for green technology will be a major challenge for the green technology and sustainability market during the forecast period. Adoption of green technology solutions requires a consistent legal framework. Since so many products are developed in emerging countries, the transfer of technology from developed to developing countries is an essential phase of the green technology and sustainability processes. Most nations do not consign to supervise these policies; rather, these countries implement regulations based on regional factors such as macroeconomic and political risk factors, as well as commercial requirements. The fluctuating macroeconomic variables, together with the varying structure of regulatory rules, make it challenging for suppliers to fulfill end-user demands. Such factors are expected to hamper the growth of the market in focus.

This green technology and sustainability market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global green technology and sustainability market as a part of the global information technology (IT) consulting and other services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the green technology and sustainability market during the forecast period.

Who are the Major Green Technology and Sustainability Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AAA Taranis Visual Ltd.
  • ConsenSys Software Inc.
  • Cority Software Inc.
  • CropX Inc.
  • Digi International Inc.
  • ENGIE SA
  • Fortive Corp.
  • General Electric Co.
  • Hortau Inc.
  • International Business Machines Corp.
  • LO3 Energy Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Salesforce.com Inc.
  • Schneider Electric SE
  • SMAP Energy Ltd.
  • Tech Mahindra Ltd.
  • Trace Genomics Inc.
  • Wolters Kluwer NV
  • Xylem Inc.

 

This statistical study of the green technology and sustainability market encompasses successful business strategies deployed by the key vendors. The green technology and sustainability market is fragmented and the vendors are deploying growth strategies such as concentrating more on innovation to compete in the market.

Product Insights and News

  • taranis.ag - The company offers green technology and sustainability solutions such as precision agriculture solutions for farmers to lower waste and improve environmental sustainability.

  • taranis.ag - Under the unified segment, the company offers expertise in multi-level high resolution imagery, AI and ML capabilities, improve plant health, yield and sustainability.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The green technology and sustainability market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Green Technology and Sustainability Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the green technology and sustainability market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Green Technology and Sustainability Market?

Green Technology and Sustainability Market Market segmentation by region

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31% of the market's growth will originate from North America during the forecast period. The US is the key market for green technology and sustainability in North America. Market growth in this region will be faster than the growth of the market in the European and South American regions.

The growing consumer and industrial interest in the use of clean energy resources and the rising environmental consciousness will facilitate the green technology and sustainability market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively affected market growth in North America in 2020. The initiation of COVID-19 vaccination drives has led to the resumption of industrial operations in the region. Thus, such factors are expected to improve the economic condition of the countries in the region, which, in turn, will positively impact the growth of the green technology and sustainability market during the forecast period.

What are the Revenue-generating Product Segments in the Green Technology and Sustainability Market?

Green Technology and Sustainability Market Segmentation

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The green technology and sustainability market share growth by the solution segment will be significant during the forecast period. Emerging technologies are offering new opportunities for green technology and sustainable development while also taking into account their social, economic, and environmental aspects. Therefore, the increasing awareness regarding the technology inflicting environmental hazards is a significant factor driving the adoption of green technology and sustainability solutions around the globe, which, in turn, fuels the growth of the green technology and sustainability market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the green technology and sustainability market size and actionable market insights on post COVID-19 impact on each segment.

 

Green Technology and Sustainability Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 23.8%

Market growth 2022-2026

$ 26.10 billion

Market structure

Fragmented

YoY growth (%)

22.57

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 31%

Key consumer countries

US, China, Singapore, France, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AAA Taranis Visual Ltd., ConsenSys Software Inc., Cority Software Inc., CropX Inc., Digi International Inc., ENGIE SA, Fortive Corp., General Electric Co., Hortau Inc., International Business Machines Corp., LO3 Energy Inc., Microsoft Corp., Oracle Corp., Salesforce.com Inc., Schneider Electric SE, SMAP Energy Ltd., Tech Mahindra Ltd., Trace Genomics Inc., Wolters Kluwer NV, and Xylem Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Data Covered in this Green Technology and Sustainability Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive green technology and sustainability market growth during the next five years
  • Precise estimation of the green technology and sustainability market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the green technology and sustainability industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of green technology and sustainability market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Solution - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Solution - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Solution - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Solution - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Solution - Year-over-year growth 2021-2026 (%)
    • 5.4 Services - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 France - Market size and forecast 2021-2026
      • Exhibit 70: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Singapore - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Singapore - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Singapore - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Singapore - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Singapore - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 AAA Taranis Visual Ltd.
              • Exhibit 89: AAA Taranis Visual Ltd. - Overview
              • Exhibit 90: AAA Taranis Visual Ltd. - Product / Service
              • Exhibit 91: AAA Taranis Visual Ltd. - Key offerings
            • 10.4 ConsenSys Software Inc.
              • Exhibit 92: ConsenSys Software Inc. - Overview
              • Exhibit 93: ConsenSys Software Inc. - Product / Service
              • Exhibit 94: ConsenSys Software Inc. - Key offerings
            • 10.5 CropX Inc.
              • Exhibit 95: CropX Inc. - Overview
              • Exhibit 96: CropX Inc. - Product / Service
              • Exhibit 97: CropX Inc. - Key offerings
            • 10.6 General Electric Co.
              • Exhibit 98: General Electric Co. - Overview
              • Exhibit 99: General Electric Co. - Business segments
              • Exhibit 100: General Electric Co. - Key news
              • Exhibit 101: General Electric Co. - Key offerings
              • Exhibit 102: General Electric Co. - Segment focus
            • 10.7 International Business Machines Corp.
              • Exhibit 103: International Business Machines Corp. - Overview
              • Exhibit 104: International Business Machines Corp. - Business segments
              • Exhibit 105: International Business Machines Corp. - Key offerings
              • Exhibit 106: International Business Machines Corp. - Segment focus
            • 10.8 LO3 Energy Inc.
              • Exhibit 107: LO3 Energy Inc. - Overview
              • Exhibit 108: LO3 Energy Inc. - Product / Service
              • Exhibit 109: LO3 Energy Inc. - Key offerings
            • 10.9 Salesforce.com Inc.
              • Exhibit 110: Salesforce.com Inc. - Overview
              • Exhibit 111: Salesforce.com Inc. - Product / Service
              • Exhibit 112: Salesforce.com Inc. - Key news
              • Exhibit 113: Salesforce.com Inc. - Key offerings
            • 10.10 Trace Genomics Inc.
              • Exhibit 114: Trace Genomics Inc. - Overview
              • Exhibit 115: Trace Genomics Inc. - Product / Service
              • Exhibit 116: Trace Genomics Inc. - Key offerings
            • 10.11 Wolters Kluwer NV
              • Exhibit 117: Wolters Kluwer NV - Overview
              • Exhibit 118: Wolters Kluwer NV - Business segments
              • Exhibit 119: Wolters Kluwer NV - Key offerings
              • Exhibit 120: Wolters Kluwer NV - Segment focus
            • 10.12 Xylem Inc.
              • Exhibit 121: Xylem Inc. - Overview
              • Exhibit 122: Xylem Inc. - Business segments
              • Exhibit 123: Xylem Inc. - Key offerings
              • Exhibit 124: Xylem Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 125: Inclusions checklist
                • Exhibit 126: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 127: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 128: Research methodology
                • Exhibit 129: Validation techniques employed for market sizing
                • Exhibit 130: Information sources
              • 11.5 List of abbreviations
                • Exhibit 131: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Green Technology and Sustainability Market market growth will increase by $26.10 bn during 2022-2026.
              The green technology and sustainability market market is expected to grow at a CAGR of 23.8% during 2022-2026.
              Technavio has segmented the green technology and sustainability market market by product (Solution and Services) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              AAA Taranis Visual Ltd., ConsenSys Software Inc., Cority Software Inc., CropX Inc., Digi International Inc., ENGIE SA, Fortive Corp., General Electric Co., Hortau Inc., International Business Machines Corp., LO3 Energy Inc., Microsoft Corp., Oracle Corp., Salesforce.com Inc., Schneider Electric SE, SMAP Energy Ltd., Tech Mahindra Ltd., Trace Genomics Inc., Wolters Kluwer NV, Xylem Inc. are a few of the key vendors in the green technology and sustainability market market.
              North America will register the highest growth rate of 31% among the other regions. Therefore, the green technology and sustainability market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the green technology and sustainability market market growth are:
              • Increasing use of RFID sensors across industries
              • Rise in number of green data centers
              The green technology and sustainability market market vendors should focus on grabbing business opportunities from the solution segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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