
FARMINGTON, Jan. 16, 2023 (GLOBE NEWSWIRE) — The Global Market of green technologies It is expected to grow from USD 65 billion in 2022 to 2030 at a CAGR of 7.5%. Green technology is the use of technology to conserve natural resources and reduce environmental pollution. These kinds of technologies are created to help solve environmental problems. Renewable energy sources such as solar, wind and hydropower are examples of green technologies. So are clean technologies such as hybrid cars and fuel cells. Green technologies also include things like double glazing and thermal insulation that save energy. This market is expected to grow as more people learn about climate change and how it affects human health, more people want products and services that use less energy, and more people are concerned about environmental pollution.
Request a sample copy of the report”Green Technology Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Impact of Covid-19, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.
Recent developments:
- In January 2020 GE Hitachi Nuclear Power and Terra Power collaborated on the design and construction of the VTR for the US Department of Energy. The collaboration brings together a strong team of engineers and scientists with extensive experience in sodium reactor technology.
- In September 2019 Salesforce released Sustainability Cloud, a carbon accounting product for businesses. Salesforce’s Sustainability Cloud enables businesses to quickly track, analyze and report reliable environmental data to help them reduce carbon emissions.
Regional outlook:
The Asia-Pacific green technology market is expected to grow significantly over the next few years. This is because more and more people are becoming aware of energy conservation and sustainable development. In 2019, the region’s revenue share was more than 35% and is expected to remain the most important during the forecast period. This could be because the population is growing, people are moving rapidly to cities, the economy is growing, or the weather is changing.
The Asia-Pacific region has seen more hurricanes and floods in the past few years, knocking out power in several countries including China, India, Japan and Australia. Also due to these natural disasters, governments around the world have adopted policies to promote the use of renewable energy sources to generate electricity. This will significantly increase the demand for green technologies in the region over the next eight years, from 2020 to 2030.
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Report scope:
Overview of attributes | Details |
Growth rate | CAGR of 7.5% from 2023 to 2030. |
Sales forecast until 2030 | 65 billion USD |
By type | HVAC Products, Water Solutions, Others |
According to the application | Non-residential, Residential, Other |
According to companies | GE, Siemens, Spruce Finance, Vivint Solar, Eco-$mart, Aqualogic, Trane, JA Solar Holdings, Solar Spectrum, RUUD |
Areas and countries covered |
|
Foundation year | 2022 |
Historic year | 2017 to 2022 |
Forecast year | 2023 to 2030 |
Market Growth Factors:
- Making more people understand the benefits of green technologies: More and more people are realizing the benefits of using green technologies. This makes more and more people want to buy products with green technologies.
- People are increasingly concerned about climate change and how it will affect the environment. This makes people want to buy things that help reduce greenhouse gas emissions and save energy.
- Government programs to encourage the use of green technologies: Governments around the world have programs such as tax credits, subsidies and grants that encourage the use of green technologies. This makes more people want to buy these and other products.
Key segments covered:
Top players in the market:
GE, Siemens, Spruce Finance, Vivint Solar, Eco-$mart, Aqualogic, Trane, JA Solar Holdings, Solar Spectrum, RUUD and more.
By type
- HVAC products
- Aqueous solutions
- other
According to the application
- Non-residential
- Residential
- Other
Areas and countries covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, United Kingdom, Nordic countries, Benelux Union, Rest of Europe)
- Asia Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)
- Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- The rest of the world
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- Market of green fertilizers – The global green fertilizer market was valued at USD 2,145.73 million in 2022 and is projected to reach USD 3,332.26 million by 2030, growing at a CAGR of 4.5% between 2023 and 2030. In the coming years, Europe will rule the world market. Overall, the European fertilizer industry has significantly improved the energy efficiency of ammonia production.
- Market for natural chelating agents with green chelates– The global green chelates/natural chelating agents market is expected to gain market growth during the forecast period of 2022 to 2029. In 2015, more than 40% of the global revenue came from the Asia-Pacific region, which was the largest market.
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