Green Technology and Sustainability Market
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Green Technology and Sustainability 
Market Growth, Trends, Competitive 
Landscape and Forecast, 2022-2030
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The major drivers for the green technology and sustainability market are the increasing focus on low-carbon electricity 
generation, rapid shift to renewable energy, volatility in the price of electrical power, favorable government initiatives, surging 
requirement to decrease operational costs, and swift adoption of building automation systems. As a result, the market 
revenue will increase from $8.3 billion in 2019 to $57.8 billion by 2030, at a 20.0% CAGR between 2020 and 2030. Green 
technologies are those that can be used to check the degradation of the environment.
 
The technology segment is categorized into the internet of things (IoT), cloud computing, artificial intelligence (AI) and 
analytics, digital twin, blockchain, and others. Among these, the IoT category held the largest share during 2014–2019 
(historical period) because of the burgeoning utilization of this technology in smart domestic appliances, smart cities, smart 
mobility, smart factories, and smart healthcare. The technology allows one to monitor the performance of machines with 
respect to vibrations, heat, noise, and, most importantly, energy consumption and collect data on all these parameters, so 
their operations can be optimized.
 
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On the basis of application, the categories of the green technology and sustainability market are green buildings, air quality 
management, environment management, water and wastewater management, climate change management, solid waste 
management, and others. In 2019, the green buildings category dominated the market as such structures save energy by 
using only what they produce on site. The fastest growth during the forecast period is predicted in the environment 
management category, on account of the rapidly degrading soil quality due to intensive farming, usage of chemicals, and 
pollution.
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Presently, North America is the largest user of these technologies because of its advanced infrastructure, high public 
awareness on the issue, and robust government support. Asia-Pacific (APAC) will be the fastest-growing region in the 
green technology and sustainability market during the forecast period because of the rapid pace of urbanization, which is 
putting immense pressure on natural resources and leading to alarming levels of air pollution. Further, regional 
governments are taking initiatives to increase energy generation from renewable resources and use advanced technologies, 
such as AI and IoT, to mitigate environmental degradation.
 
Hence, the market will keep growing with the increasing concerns about the state of the environment.
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Market Segmentation
• Market Segmentation by Technology • Market Segmentation by Region
 Internet of Things (IoT)  North America Green Technology and Sustainability Market
o
 Artificial Intelligence (AI) and Analytics By technology
o By application
 Cloud Computing
o By country – U.S. and Canada
 Blockchain
 Europe Green Technology and Sustainability Market
 Digital Twin o By technology
 Others o By application
• Market Segmentation by Application o By country – Germany, U.K., Sweden, France, Italy, Spain, 
and Rest of Europe
 Green Building
 Asia-Pacific (APAC) Green Technology and Sustainability 
 Environment Management Market
 Air Quality Management o By technology
 oWater and Wastewater Management By application
o By country – China, Japan, South Korea, India, Singapore, 
 Solid Waste Management Australia, and Rest of APAC
 Climate Change Management
 Others
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 Latin America (LATAM) Green Technology and Sustainability • This study covers
Market
o By technology • Historical and the present size of the Green Technology and 
o Sustainability MarketBy application
o By country – Brazil, Mexico, Argentina, Colombia, and • Historical and the present size of the market segments and 
understand their comparative future potential
Rest of LATAM
• Potential of on-demand logistics services, so the market players 
 Middle East and Africa (MEA) Green Technology and make informed decisions on the sales of their offerings
Sustainability Market
• Competitive scenario of various market segments across key 
o By technology countries in several regions for uncovering market opportunities 
o By application for the stakeholders
o By country – U.A.E., Saudi Arabia, Egypt, Qatar, South • Major players operating in the market and their service offerings
Africa, and Rest of MEA
•  
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