Green Technology and Sustainability Market to Hit USD 41.62 Billion
Companies Profiled in the Market: General Electric Company (New York, United States), Enablon (Wolters Kluwer) (France, Europe), Salesforce.com, Inc. (California, United States), Microsoft Corporation (New Mexico, United States), Schneider Electric (Rueil-Malmaison, France), Engie Impact (Washington, United States), Sensus (North Carolina, United States), Enviance (California, United States), Intelex Technologies Inc. (Toronto, Canada), CropX Inc. (San Francisco, California)
Pune, India, Nov. 25, 2021 (GLOBE NEWSWIRE) — The global green technology and sustainability market size is expected to gain momentum by reaching USD 41.62 billion by 2028 while exhibiting an impressive CAGR of 20.3% between 2021 and 2028. Fortune Business Insight, in its report titled “Green Technology and Sustainability Market, 2021-2028.”, mentions that the market stood at USD 9.57 billion in 2020.
The world is transitioning towards greener technology to combat the problems caused by excessive pollution and harmful gases. An article from Soulful Concepts Group Pvt. Ltd mentions that the global investment in green technologies increased by nearly 20% in recent years in various sectors such as the energy, chemical, and manufacturing industry. Whether small or big businesses, all of them are levitating towards the sustainable approach of energy production. Such thoughtful and environment-friendly initiatives are expected to propel the market growth during the forecast period.
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List of the Companies Profiled in the Global Market for Green Technology and Sustainability:
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General Electric Company (New York, United States)
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Enablon (Wolters Kluwer) (France, Europe)
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Salesforce.com, Inc. (California, United States)
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Microsoft Corporation (New Mexico, United States)
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Schneider Electric (Rueil-Malmaison, France)
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Engie Impact (Washington, United States)
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Sensus (North Carolina, United States)
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Enviance (California, United States)
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Intelex Technologies Inc. (Toronto, Canada)
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CropX Inc. (San Francisco, California)
Report Scope & Segmentation –
Report Coverage |
Details |
Forecast Period |
2021-2028 |
Forecast Period 2021 to 2028 CAGR |
20.3 % |
2028 Value Projection |
USD 41.62 Billion |
Base Year |
2020 |
Market Size in 2020 |
USD 9.57 Billion |
Historical Data for |
2017-2019 |
No. of Pages |
160 |
Segments covered |
Component; Industry; Regional |
Growth Drivers |
Increasing Consumer and Industrial Interest about Climate Change to Boost Market Growth |
Pitfalls & Challenges |
High Costs Associated with Green Technology and Sustainability Solutions to Limit the Market Growth |
COVID-19 Impact
The negative effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Since it was a non-essential service, the companies were shut amidst the lockdown. However, the market is expected to boom back during the forecast period, as many nations envision creating a green…
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