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| Global Green Technology And Sustainability Market Size |
Green technology and sustainability solutions provide various environmental benefits such as reduced carbon emissions, conservation of natural resources, improved air quality, and safe waste disposal. Products in this market include renewable energy technologies, green building materials, sustainable water management systems, eco-friendly transportation, waste recycling units, and pollution control equipment. These technologies and solutions help organizations and governments lower their environmental footprint and transition towards a more sustainable future.
The global
Green Technology And Sustainability Market is estimated to be valued at US$ 15.99 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
Increasing focus on renewable energy is one of the key trends driving growth of
the green technology and sustainability market. Globally, there is a shift
towards cleaner energy sources such as solar, wind, hydropower to meet the
increasing energy needs sustainably. Government initiatives and policies in
various countries promoting adoption of renewable energy along with private
sector investments are contributing to the renewable energy boom. Solar and
wind energy capacity additions have increased substantially over the past few
years owing to declining costs and more efficient systems. Continued growth in
renewable energy infrastructure will augment demand for green technologies and
sustainability solutions in the coming years.
Segment Analysis
The Global
Green Technology And Sustainability Market Size is dominated by the
energy segment which accounts for more than 35% of the total market share. This
is owing to rapid adoption of renewable energy sources such as solar and wind
energy across both residential and commercial sectors. Renewable energy
technologies are witnessing high demand due to growing awareness about climate
change as well as depletion of fossil fuels. The energy efficient building
solutions segment is another major segment in the market and holds around 25%
share. Growing construction of green buildings and focus on reducing carbon
emissions from existing infrastructure is propelling demand in this segment.
Key Takeaways
Regional analysis: The North America region currently dominates the global
Green Technology And Sustainability market with over 30% share and is expected
to maintain its leading position during the forecast period. This is attributed
to strong government support through initiatives and funding for green
technologies adoption across different industries in countries like the US and
Canada. Europe holds the second largest share and focuses on circular economy
principles to promote sustainability. Asia Pacific is emerging as the fastest
growing region on back of rapid industrialization and urbanization in major
economies of China and India which is propelling the demand for eco-friendly
solutions.
Key players: Key players operating in the Green Technology And Sustainability
market are Mueller Sports Medicine, Inc., DJO Global, LLC, ACE Brand, Tynor
Orthotics Private Limited, 3M Science, Mava Sports, Bauerfeind AG, Breg, Inc.,
Ossur, Thuasne USA, Zimmer Biomet, Kao Chen Enterprise Co., Ltd, Össur,
Orthosys, Bauerfeind USA Inc., Orliman S.L.U., Steeper Inc., Beagle Orthopedic,
Essity Medical Solutions, Bird & Cronin, LLC, Ottobock, Trulife, DeRoyal
Industries, Inc., and Remington Medical Equipment. The leading players are
focusing on new product launches, partnerships and expansions to gain a
competitive edge in the market.
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