Green Technology Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The green technology market size has grown exponentially in recent years. It will grow from $23.63 billion in 2024 to $30.03 billion in 2025 at a compound annual growth rate (CAGR) of 27.1%. The growth in the historic period can be attributed to raising awareness of the benefits of green technologies, growing demand for biomass solutions, urgency to address climate change increases, shift towards shorter-term deployment-ready climate tech solutions, inclination towards sustainable investment.

The green technology market size is expected to see exponential growth in the next few years. It will grow to $77.46 billion in 2029 at a compound annual growth rate (CAGR) of 26.7%. The growth in the forecast period can be attributed to increasing corporate commitments to achieving net-zero emissions, emerging economies investing in green infrastructure, growing concerns about climate change and environmental degradation, increasing industrial and consumer awareness, government initiatives to promote the use of green technologies. Major trends in the forecast period include data measurement technologies and software solutions, improve efficiency, create new revenue streams, performance monitoring, drives innovation in climate tech, provide scalable and profitable solutions.

The growing shift towards sustainable investing is expected to drive the growth of the green technology market. Sustainable investing, also known as ESG investing (Environmental, Social, and Governance), focuses on generating financial returns while considering environmental, social, and governance factors. As awareness of environmental and social issues rises, the scope of investments aimed at promoting a sustainable future continues to expand. Sustainable investing integrates green technology by directing capital to companies that develop and implement environmentally friendly solutions to tackle pressing global challenges, while also generating financial returns and fostering a more sustainable future. For example, a February 2024 report from Morgan Stanley, a US-based financial services firm, revealed that assets under management (AUM) in sustainable funds reached $3.4 trillion by the end of 2023, accounting for 7.2% of total global AUM, a 15% increase from $2.24 trillion in 2022. Therefore, the growing trend towards sustainable investing is contributing to the expansion of the green technology market.

Leading companies in the green technology sector prioritize technologically advanced solutions to drive innovation, minimize environmental impact, and support the transition to a sustainable economy. Munich Re Specialty Group, the green technology division of Munich Re, launched the green solutions portfolio in May 2023 to bolster clients' net-zero ambitions. This initiative positions the group as a prominent provider of commercial specialty and primary green insurance risks by 2030. The green solutions portfolio encompasses existing green technology offerings alongside innovative risk solutions, targeting emerging as the preferred partner for sustainable risks within the London and Lloyd’s markets. Leveraging Munich Re's global distribution network, the portfolio focuses on technologies such as photovoltaic, wind, carbon capture, and energy storage, offering access to intangible asset products such as cyber coverage.

In August 2023, GE Vernova, a US-based electric power generation company, acquired Greenbird Integration Technology AS for an undisclosed amount. This acquisition enhances GE Vernova’s technological capabilities by adding Greenbird’s team of data specialists and expanding its expertise in distributed data processes designed for utility applications. Greenbird Integration Technology AS, based in Norway, is an IT services and consulting company specializing in data integration solutions for the utility sector.

Major companies operating in the green technology market are Alphabet Inc., Microsoft Corporation, Engie SA, Tencent Holdings Limited, General Electric Company, International Business Machines Corporation, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd., Salesforce Inc., NEC Corporation, Adobe Inc., VMware Inc., Intuit Inc., Atos SE, Blackstone Inc., Wolters Kluwer N.V., Adani Green Energy Limited, OneTrust LLC, EKI Energy Services Limited, thinkstep Ltd., Verisae LLC, ClimatePartner Gmbh, 3 Degrees Inc., ProcessMAP Corporation, Sustainable Travel International Inc., Cool Effect Inc., Sensus B.V.

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

The green technology market consists of revenues earned by entities by energy auditing, consulting on sustainability initiatives, installation and maintenance of renewable energy systems, and waste management solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The green technology market also includes sales of solar panels, wind turbines, energy-efficient appliances, electric vehicles, and sustainable materials. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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).

Green technology, also recognized as sustainable technology or clean technology, encompasses the development and deployment of products, processes, and systems aimed at tackling environmental issues and lessening adverse impacts on the Earth. It encompasses technologies geared towards reducing energy consumption, harnessing renewable energy sources, mitigating pollution and greenhouse gas emissions, conserving natural resources, and fostering ecological sustainability.

The principal components of green technology encompass both solutions and services. Solutions denote comprehensive systems or applications integrating various green technology elements to address environmental challenges and accomplish specific objectives, such as carbon emissions reduction, energy conservation, or pollution mitigation. These technologies span across categories including the Internet of Things (IoT), cloud computing, artificial intelligence and analytics, digital twin, cybersecurity, and blockchain, with applications extending to non-residential, residential, and other sectors.

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

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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