The Europe Clean Technology Market is expected to witness market growth of 11.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Clean Technology Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $93.92 billion by 2031. The UK market is exhibiting a CAGR of 11% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 12.8% during 2024-2031.
The clean technology market also benefits from transportation electrification, which has gained momentum in recent years. The emergence of electric vehicles, in conjunction with progress in charging infrastructure and battery technology, is revolutionizing the automotive sector. Prominent automobile manufacturers are transitioning towards the production of electric vehicles, while governmental bodies are enacting rigorous emissions regulations aimed at the gradual elimination of internal combustion engine (ICE) vehicles.
Moreover, the electric vehicle industry is witnessing remarkable growth, with annual sales achieving unprecedented levels. The advancement of hydrogen fuel cell technology presents a viable alternative sustainable energy solution for transportation, especially in the sectors of heavy-duty vehicles, maritime shipping, and aviation.
The clean technology market in Europe is witnessing unprecedented expansion, driven by a combination of national policies, EU-wide strategies, and technological advancements. The European Green Deal provides a cohesive framework for achieving carbon neutrality by 2050, with directives focusing on renewable energy, energy efficiency, circular economy practices, and sustainable mobility. In addition, the Strategic Technologies for Europe Platform (STEP) is accelerating investment in next-generation energy solutions, including advanced battery technologies, green hydrogen, and carbon capture innovations.
The Germany market dominated the Europe Clean Technology Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $93.92 billion by 2031. The UK market is exhibiting a CAGR of 11% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 12.8% during 2024-2031.
The clean technology market also benefits from transportation electrification, which has gained momentum in recent years. The emergence of electric vehicles, in conjunction with progress in charging infrastructure and battery technology, is revolutionizing the automotive sector. Prominent automobile manufacturers are transitioning towards the production of electric vehicles, while governmental bodies are enacting rigorous emissions regulations aimed at the gradual elimination of internal combustion engine (ICE) vehicles.
Moreover, the electric vehicle industry is witnessing remarkable growth, with annual sales achieving unprecedented levels. The advancement of hydrogen fuel cell technology presents a viable alternative sustainable energy solution for transportation, especially in the sectors of heavy-duty vehicles, maritime shipping, and aviation.
The clean technology market in Europe is witnessing unprecedented expansion, driven by a combination of national policies, EU-wide strategies, and technological advancements. The European Green Deal provides a cohesive framework for achieving carbon neutrality by 2050, with directives focusing on renewable energy, energy efficiency, circular economy practices, and sustainable mobility. In addition, the Strategic Technologies for Europe Platform (STEP) is accelerating investment in next-generation energy solutions, including advanced battery technologies, green hydrogen, and carbon capture innovations.
List of Key Companies Profiled
- IBM Corporation
- ABB Ltd.
- Eaton Corporation plc
- GE Vernova Group
- Siemens AG
- Schneider Electric SE
- First Solar, Inc.
- Sungrow Power Supply Co., Ltd.
- NextEra Energy, Inc.
- Iberdrola, S.A.
Market Report Segmentation
By Application
- Commercial
- Industrial
- Residential
By Type
- Renewable Energy Technologies
- Energy Storage Solutions
- Energy Efficiency Solutions
- Water & Waste Management
- Air & Environment Management
- Agriculture & Food Systems
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Clean Technology Market by Application
Chapter 6. Europe Clean Technology Market by Type
Chapter 7. Europe Clean Technology Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- IBM Corporation
- ABB Ltd.
- Eaton Corporation plc
- GE Vernova Group
- Siemens AG
- Schneider Electric SE
- First Solar, Inc.
- Sungrow Power Supply Co., Ltd.
- NextEra Energy, Inc.
- Iberdrola, S.A.
Methodology
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