Green Technology Market Report 2026

The green technology market size has grown exponentially in recent years. It will grow from $29.87 billion in 2025 to $37.8 billion in 2026 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to early sustainability awareness, rise in renewable energy initiatives, increasing pollution concerns, initial corporate environmental responsibility efforts, government-backed green initiatives.

The green technology market size is expected to see exponential growth in the next few years. It will grow to $84.59 billion in 2030 at a compound annual growth rate (CAGR) of 22.3%. The growth in the forecast period can be attributed to growing investment in clean technology, stricter environmental regulations, rising demand for energy efficiency, expansion of smart sustainable infrastructure, increasing global push toward carbon neutrality. Major trends in the forecast period include expansion of iot and cloud-based green monitoring solutions, increasing use of ai-driven energy optimization, growing integration of smart infrastructure for environmental efficiency, rising adoption of advanced manufacturing for sustainable technologies, strengthening focus on secure digital green ecosystems.

The rising shift towards sustainable investing is expected to propel the growth of the green technology market going forward. Sustainable investing, also known as ESG investing (Environmental, Social, and Governance), is an investment approach seeking to generate financial returns while considering environmental, social, and governance (ESG) factors. With the increasing awareness of environmental and social issues, a more extensive scope of investments contributes to a sustainable future. Sustainable investing incorporates green technology by allocating capital to companies developing and implementing environmentally friendly solutions to address pressing global challenges while generating financial returns and advancing a more sustainable future. For instance, in February 2024, according to the Morgan Stanly report, US-based financial services, indicated that assets under management (AUM) in sustainable funds had reached $3.4 trillion by the end of 2023, representing 7.2% of total global AUM and reflecting a 15% increase from $2.24 trillion in 2022. Therefore, rising shifts towards sustainable investing are driving the growth of the green technology market.

Major companies operating in the green technology market focus on technologically advanced solutions, such as green solutions, to continue driving innovation, reduce environmental impact, and support the transition to a sustainable economy. It is a portfolio of insurance products and services designed to support the net-zero ambitions of clients by focusing on sustainable technologies and risk mitigation strategies. For instance, in May 2023, Munich Re Specialty Group, a green technology division of Munich Re, a Germany-based company, launched the green solutions portfolio to support the net-zero ambitions of its clients. This initiative aims to position the group as a prominent provider of commercial specialty and primary green insurance risks by 2030. Green Solutions comprises both existing green technology offerings and innovative risk solutions. The portfolio targets emerging as the preferred partner for sustainable risks within the London and Lloyd’s markets, leveraging Munich Re's extensive global distribution network to facilitate the transition towards a net-zero economy. With a focus on technologies such as photovoltaic, wind, carbon capture, and energy storage, green solutions will also provide 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 boosts GE Vernova’s technological capabilities, adding Greenbird’s team of data specialists and expanding its expertise in distributed data processes tailored for utility applications. Greenbird Integration Technology AS is a Norway-based IT services and consulting company that specializes in data integration solutions for the utility sector.

Major companies operating in the green technology market report are Vestas Wind Systems A/S, First Solar Inc, Ørsted A/S, NextEra Energy Inc, Enphase Energy Inc, SolarEdge Technologies Ltd, Brookfield Renewable Partners L.P, EDP Renováveis S.A, Nordex SE, Siemens Gamesa Renewable Energy S.A, Canadian Solar Inc, JinkoSolar Holding Co Ltd, LONGi Green Energy Technology Co Ltd, Plug Power Inc, Bloom Energy Corp, Ballard Power Systems Inc, SunPower Corporation, Iberdrola S.A, ACWA Power, ReNew Energy Global Plc.

North America was the largest region in the green technology market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the green technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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).

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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