Green Technology and Sustainability Market Report 2025

The green technology and sustainability market size has grown exponentially in recent years. It will grow from $18.81 billion in 2024 to $23.41 billion in 2025 at a compound annual growth rate (CAGR) of 24.4%. The growth in the historic period can be attributed to investment and funding, renewable energy expansion, corporate sustainability initiatives, waste management solutions, energy efficiency programs, urbanization, and sustainable infrastructure.

The green technology and sustainability market size is expected to see exponential growth in the next few years. It will grow to $55.06 billion in 2029 at a compound annual growth rate (CAGR) of 23.8%. The growth in the forecast period can be attributed to consumer demand for sustainability, energy efficiency improvements, circular economy adoption, corporate sustainability commitments, climate change concerns. Major trends in the forecast period include climate change mitigation, investment in R&D, corporate sustainability commitments, circular economy initiatives, urban sustainability.

The significant increase in fuel prices and rising pollution levels are anticipated to drive growth in the green technology and sustainability market in the coming years. The surge in fuel prices refers to the escalating costs of gasoline in the global market. Pollution results from various human activities, including the use of fossil fuels in industries and transportation, as well as the application of synthetic fertilizers and pesticides in agriculture. Consequently, there is a growing demand for green technology and sustainability solutions to harness renewable energy sources such as solar panels, wind turbines, dams, and geothermal wells. For instance, in July 2024, the Environmental Protection Agency (EPA), a U.S.-based agency, reported that U.S. greenhouse gas emissions increased by 0.2% in 2022 compared to 2021, totaling 6.34 billion metric tons of CO₂ equivalent. Therefore, the sharp rise in fuel prices and escalating pollution levels will continue to drive the green technology and sustainability market.

The increasing demand for eco-friendly products is projected to boost the growth of the green technology and sustainability market in the coming years. Eco-friendly products, also known as green products, are developed, designed, and used in ways that have minimal environmental impact. These products play a crucial role in green technology by promoting sustainable practices and mitigating the environmental effects of various activities. For example, in May 2023, the Organic Trade Association, a U.S.-based organization, reported that organic food sales in the United States exceeded $60 billion for the first time in 2022, marking a significant milestone for the thriving organic sector, with total sales reaching $61.7 billion. Therefore, the rising demand for eco-friendly products is a key driver of the green technology and sustainability market.

Technological advancements and the integration of innovative solutions represent prominent trends shaping the landscape of the green technology and sustainability market. Industry players are heavily investing in technological enhancements to offer sustainable alternatives while reducing reliance on fossil resources. ABB Ltd.'s launch of the ABB Ability OPTIMAX in November 2022 is a prime example. This energy management system caters to hydrogen manufacturing firms, curbing electricity-related expenses by up to 20%. It integrates forecasting and intra-day planning, enabling businesses to competitively trade with the grid.

Strategic partnerships stand as a strategic approach adopted by major players in the green technology and sustainability markets to expedite the transition to a net-zero economy. These partnerships leverage collective strengths and resources for mutual benefit. Salesforce Inc.'s collaboration with AT&T Inc., announced in June 2023, is a prime illustration. Salesforce is set to join AT&T's Connected Climate Initiative (CCI), aiming to reduce greenhouse emissions by one gigaton by 2035. By harnessing connectivity technologies like IoT, 5G, and edge computing, the CCI assembles business leaders, universities, and non-profit organizations toward this ambitious goal. AT&T spearheads this initiative within the telecommunications sphere in the United States.

In January 2023, AcBel Polytech Inc., a company based in Taiwan, acquired ABB's Power Conversion division for $505 million. This acquisition allows AcBel Polytech to enhance its portfolio by leveraging ABB's expertise in delivering green technologies that promote sustainability. ABB Ltd, headquartered in Switzerland, specializes in providing green technologies.

Major companies operating in the green technology and sustainability market are General Electric Company, Intelex Technologies Inc., Microsoft Corporation, ConsenSys, Salesforce.com Inc., Schneider Electric SE, Trace Genomics, ENGIE Insight Services Inc., LO3 Energy, Enablon, MineSense Technologies Ltd., Enviance, IsoMetrix Software, Oracle Corporation, Tech Mahindra Ltd., International Business Machines Corporation, Sunnova Energy International Inc., SunPower Corporation, Siemens Gamesa Renewable Energy SA, SolarEdge Technologies Inc., Brookfield Renewable Partners LP, Autodesk Inc., Evoqua Water Technologies Corp., Bloom Energy Corporation, Burcon NutraScience, JinkoSolar Holding Co. Ltd., Johnson Controls International PLC, Suntech Power Co. Ltd., Hanwha Q CELLS Co. Ltd., Trina Solar Co. Ltd.

North America was the largest region in the green technology and sustainability market share in 2024. The regions covered in the green technology and sustainability market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the green technology and sustainability market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Green technology and sustainability represent innovative approaches aimed at fostering eco-friendly practices and offering alternative technological solutions to reduce reliance on fossil fuels, minimizing their adverse impacts on human, animal, and plant well-being. These initiatives focus on preserving natural resources and the environment, specifically targeting waste and pollution reduction in production and consumption processes.

Within the realm of green technology and sustainability, key components encompass solutions and services. Solutions encompass diverse programs that gather specialized data from various sensors, enabling insights that drive cost reduction, enhance occupant comfort, optimize time efficiency, and act as contingency measures for potential disasters. These technologies, including IoT, AI, analytics, digital twin, cloud computing, security, and blockchain, are strategically applied across sectors such as green building, carbon footprint management, weather forecasting, monitoring of air and water pollution, forest and crop management, soil analysis, water purification, and more.

The green technology and sustainability market research report is one of a series of new reports that provides green technology and sustainability market statistics, including green technology and sustainability industry global market size, regional shares, competitors with a green technology and sustainability market share, detailed green technology and sustainability market segments, market trends and opportunities, and any further data you may need to thrive in the green technology and sustainability industry. This green technology and sustainability market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The green technology and sustainability market includes revenues earned by entities by providing environmental sustainability, material science, nature’s ecosystem services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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