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Global green technology and sustainability market is growing at a healthy CAGR of 27.5% during the forecast period of 2019 to 2026

Global green technology and sustainability market is growing at a healthy CAGR of 27.5% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026. Increasing environmental awareness and concerns is the major factor for the growth of this market.

Global Green Technology and Sustainability Market By Technology (IoT, AI & Analytics, Digital Twin, Cloud Computing, Security, Blockchain), Application (Carbon Footprint Management, Green Building, Water Purification, Water Leak Detection, Fire Detection, Soil Condition/Moisture Monitoring, Crop Monitoring, Forest Monitoring, Weather Monitoring and Forecasting, Air and Water Pollution Monitoring, Sustainable Mining and Exploration), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026.

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Market Analysis: Global Green Technology and Sustainability Market

Global green technology and sustainability market is growing at a healthy CAGR of 27.5% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026. Increasing environmental awareness and concerns is the major factor for the growth of this market.

Market Definition: Global Green Technology and Sustainability Market

Green technology includes a range of constantly changing methods and equipment, ranging from energy generation techniques to non-toxic cleaning products. The green technology has short-term as well as long term impact on environment. Energy efficiency, recycling, issues about health and safety, renewable resources, and more are all about creating a green technology.

Market Drivers:

  • Increasing awareness and concerns about the environment is driving the market growth
  • Increased use of RFID sensors across different industries also acts as a driving factor for the market growth
  • Increasing interest in the use of clean energy resources to preserve the environment
  • Low carbon emission through modernization of IT and telecom infrastructure will drive the market

Market Restraints:

  • High product costs associated with solutions for green technology will act as a restrain for the market
  • Lack of green technology regulations is restraining the market growth
  • Lack of tailored environmental solutions also hampers the market growth

Segmentation: Global Green Technology and Sustainability Market

By Technology

  • Internet of Things (IoT)
  • Artificial Intelligence (AI) and Analytics
  • Digital Twin
  • Cloud Computing
  • Security
  • Blockchain

By Application

  • Carbon Footprint Management
  • Green Building
  • Water Purification
  • Water Leak Detection
  • Fire Detection
  • Soil Condition/Moisture Monitoring
  • Crop Monitoring
  • Forest Monitoring
  • Weather Monitoring and Forecasting
  • Air and Water Pollution Monitoring
  • Sustainable Mining and Exploration

Key Developments in the Market:

  • In July 2019, GENERAL ELECTRIC and Emrgy Inc. are partnered for Emrgy’s Micro Hydrokinetic technology. By this collaboration, GENERAL ELECTRIC will supply hydropower turbines to Emrgy Inc. GENERAL ELECTRIC will also start offering Emrgy’s item in select markets around the world as part of its suite of hydropower alternatives
  • In June 2019, ENVIANCE has partnered with ehsAI, which is a company in machine learning technology. This partnership is aimed to take down the cost of artificial intelligence compliance with EHS. Through this partnership ENVIA NCE continues to expand its ecosystem of partners by which they can provide customers support to EHS programs

Competitive Analysis

Global green technology and sustainability Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aerial imaging market for global, Europe, North America, Asia-Pacific and South America.

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request Detailed TOC:https://www.databridgemarketresearch.com/toc?dbmr=global-green-technology-and-sustainability-market

Major Market Competitors/Players

Few of the major competitors currently working in the global green technology and sustainability market are GENERAL ELECTRIC, IBM Corporation, Microsoft, Enablon S.A, ENVIANCE, Sensus, Taranis, Trace Genomics, Inc., LO3 Energy, CONSENSYS, CropX inc., Hortau, SMAP Energy, TREEVIA FOREST TECHNOLOGIES, Pycno Industries, Inc., IOT Solutions & Consulting, Oizom Instruments Pvt. Ltd., MineSense among others.

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