From Eco-Friendly to Profitable: The Rise of Green Technology Industry Worldwide
The Global Green Technology and Sustainability market encompasses a wide range of products, services, and practices designed to minimize environmental impact and promote sustainable resource use.
Green Technologies help organizations minimize their environmental impact by reducing energy consumption, greenhouse gas emissions, and waste generation.
Investments in Green Technologies and sustainability initiatives stimulate economic growth by creating new industries, jobs, and opportunities for businesses.
Market Growth and Forecast
The Global Green Technology & Sustainability Market size was valued at $23.10 billion in 2024 and is projected to grow at a CAGR of 23.1% from 2025 to 2030.
The Global Green Technology & Sustainability Market is expected to reach $80.38 billion by 2030.
In addition, rising fuel prices and increasing pollution levels are pushing businesses and governments to adopt green technologies, such as solar panels and wind turbines, to reduce environmental impact.
Global Green Technology and Sustainability Market – By Technology Insights
The global green technology and sustainability market encompasses various types of technologies utilized.
The IoT technology-based segment held the largest market share of ~40% out of the global market, followed by the Cloud Computing and AI and Analytics segment at ~25% and ~16%.
The implementation of IoT across various industries, including manufacturing, healthcare, and agriculture, to enable real-time monitoring, effective resource management, and data-driven decision-making, improve operational efficiencies, and minimize costs is gaining popularity.
Global Green Technology and Sustainability Market – By Components
The global green technology and sustainability market is segmented into two parts – Solution and Services.
The Solution segment held the largest market share of ~70% out of the global market, followed by the Service segment at ~30%.
The rising adoption of smart technologies and the integration of digital solutions in environmental management are also contributing to the segment’s expansion.
The services segment includes consulting, system integration, and maintenance, which are essential for the effective deployment and optimization of green technologies.
Stay tuned to Innovius Research for ongoing market insights and data-driven analysis.
Data Sources: Grandviewresearch, MarketsandMarkets, FortuneBusinessInsights, PrecedenceResearch, and others
Read more on Environmental and Sustainability
Other Market Insights