September 25, 2022

Green Technology and Sustainability Market Size to Grow by USD 26.10 billion | AAA Taranis Visual Ltd. and ConsenSys Software Inc. Among Key Market Contributors

NEW YORK, June 29, 2022 /PRNewswire/ — The green technology and sustainability market will be driven by factors such as the increasing use of RFID sensors across industries. IoT is used to handle a wide range of applications such as smart grid, eHealth, and intelligent transportation. Tasks can be completed autonomously with the help of sensors and smart devices connected via high-speed data. This necessitates new forms of green communication between different smart devices, which improve power consumption and bandwidth usage. Smart devices can also automate operations across the production cycle, from irrigation and fertilization to controlling bugs or pests. RFID tag and sensor collaboration might lead to various new green project solutions, including efficient energy generation, waste management, and recycling. Such factors are expected to fuel the growth of the market in focus.

Technavio has announced its latest market research report titled Green Technology and Sustainability Market by Product and Geography – Forecast and Analysis 2022-2026

The market size is expected to grow by USD 26.10 bn from 2021 to 2026. Moreover, the growth momentum of the market will progress at a CAGR of 23.8% during the forecast period. The green technology and sustainability market is segmented by product (solution and services) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

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The green technology and sustainability market covers the following areas:

Green Technology And Sustainability Market Sizing
Green Technology And Sustainability Market Forecast
Green Technology And Sustainability Market Analysis

Market Challenge

The market growth will be challenged by factors such as lack of regulations for green technology. A consistent legal framework is required for the adoption of green technology solutions. An essential phase of the green technology and sustainability processes is the transfer of technology from developed to developing countries. Most nations implement regulations based on regional factors such as macroeconomic and political risk factors, along with commercial requirements. Moreover, the fluctuating macroeconomic variables, with the varying structure of regulatory rules, make it difficult for suppliers to fulfill end-user demands. Such factors are expected to hamper the growth of the market in focus.

Companies Mentioned

Some of the key vendors operating in the market include 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. The key offerings of some of these vendors are listed below:

  • AAA Taranis Visual Ltd. – The company offers green technology and sustainability solutions such as precision agriculture solutions for farmers to lower waste and improve environmental sustainability.

  • ConsenSys Software Inc. – The company offers green technology and sustainability solutions such as blockchain technology to maximize green financing and collaboration.

  • CropX Inc. – The company offers green technology and sustainability solutions such as irrigation systems for agriculture to optimize water and energy efficiency.

  • General Electric Co. – The company offers green technology and sustainability solutions such as renewable energy solutions that combines onshore and offshore wind, hydro and innovative technologies.

  • International Business Machines Corp. – The company offers green technology and sustainability solutions such as AI-powered solutions and platforms to help plan a sustainable path forward in climate risk management, infrastructure and operations, supply chain, electrification, energy and emissions management, and sustainability strategy.

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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

USD 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

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 future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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