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Global Green Technology and Sustainability Market By Technology, By Application, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027

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New York, Dec. 27, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Green Technology and Sustainability Market By Technology, By Application, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06193310/?utm_source=GNW
Creating renewable energy without impacting the environment or human health is one of the major objectives of green technology and sustainability. In addition, green technology refers to a group of products, methods, applications, and processes and that are employed to preserve the environment and natural resources.

Additionally, governments across the world are putting massive investments to adopt green technologies for conserving nature and decreasing harmful environmental effects, thereby propelling the growth of the market. For example, in the year 2018, India decided to join Partnership for Action on Green Economy (PAGE) with Government, UN agencies, and other organizations. This partnership focuses on contributing to India’s Green Economy, Sustainable Development Goals (SDGs), and Nationally Determined Contributions to the Paris Agreement plans.

Rising utilization of RFID sensors across various industrial verticals would act as the driver for the growth of the green technology and sustainability market during the forecasting period. One of the major restraints for the growth and demand of green technology and sustainability is the massive product costs related to solutions. In addition, the absence of regulations for green technology would act as a restraining factor for the growth of the market.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has impacted the green technology and sustainability market in both positive as well as negative manners. As a result of lockdown, carbon emission was drastically declined around the globe. Thus, a significant decline in emissions owing to the global pandemic is a short-term gain. In addition, the global pandemic had a devastating impact on recycling efforts around the globe.

The outbreak of the COVID-19 pandemic had also adversely impacted revenues of various companies and with the relaxation in lockdown restrictions, they will move their focus on increasing operations to recover from their losses; this may result in moving their attention away from green technologies for their business to prevent extra costs.

Market Growth Factors

Rising preference or consumers and industries to utilize clean energy resource

The innovations and advancements in green technology are catalyzed by the growing level of energy consumption and increasing greenhouse gas (GHG) emissions. Increasing awareness about emissions from production industries like mining and forest monitoring has fuelled the focus towards clean energy resources in order to decrease the carbon footprint. In addition, key market players are moving towards these solutions at a rapid pace due to the rising adoption of smart grid technology in several industries and advantages related to grid technology like cost-effectiveness and trusted grid integration, and technological advancements in green technology.

The rise in utilization of RFID sensors across various industries

IoT has been utilized to explain many technologies and research domains that allow global connectivity over physical objects. Emerging technologies like sensor networks, RFID, biometrics, and nanotechnologies are now becoming prevalent, facilitating IoT to manage several applications, such as intelligent transportation, smart grid, and eHealth. Smart devices and sensors that are communicating through high-speed data, can carry out various functions independently, hence requiring the latest forms of green communication between several smart devices, where consumption of power is optimized, and bandwidth usage is maximized.

Market Restraining Factors

Green technology solutions come with a high product cost

The cost of developing and deploying solar and wind farms is quite high. Similar to the majority of renewables, solar and wind field are highly affordable to operate as their fuel is free and maintenance is quite negligible. Thus, much of the expenditure is spent on creating technology-based products or solutions. Air quality monitoring, air & water pollution monitoring, and carbon footprint management are some of the applications where the installation of modern technologies like IoT sensors, AI, and analytics, need massive costs of maintenance.

Technology Outlook

The Green Technology & Sustainability Market is segmented into IoT, AI & Analytics, Digital twin, Security, Cloud computing, and Blockchain. The blockchain segment is likely to exhibit the highest growth rate throughout the forecasting years. In addition, many well-established and emerging startups are using blockchain as a tool to facilitate the accessibility and sustainability of energy grids by encouraging data sharing in real-time.

Application Outlook

the Green Technology & Sustainability Market is classified into Carbon footprint management, Green building, Water purification, Water leak detection, Fire detection, Soil condition/moisture monitoring, Crop monitoring, Forest monitoring, Weather monitoring & forecasting, Air & water pollution monitoring, and Sustainable mining & exploration. The green building segment is anticipated to be the biggest revenue contributor in the green technology and sustainability market over the forecast years.

Regional Outlook

The Green Technology & Sustainability Market is analyzed across North America, Europe, APAC, and LAMEA. North America would obtain the maximum revenue share of the green technology and sustainability market during the forecasting period. As the region is home to some of the key vendors of green technology and sustainability solutions, the regional market is expected to be fuelled in the upcoming years.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Salesforce.com, Inc., Oracle Corporation, Tech Mahindra Limited, Schneider Electric SE, General Electric (GE) Co., Xylem, Inc. (Sensus), Wolters Kluwer N.V., and ENGIE Impact.

Recent Strategies Deployed in Green Technology and Sustainability Market

Partnerships, Collaborations, and Agreements:

Nov-2021: Microsoft signed an agreement with L&T Technology, an engineering services company. The partnership aimed to provide the Energy & Sustainability Manager Solution of L&T Microsoft Azure to digitally transform and develop eco-friendly factories of the future.

Oct-2021: Xylem joined hands with Imagine H2O, the leading water innovation accelerator and ecosystem for water entrepreneurs. Through this partnership, the two entities would focus on unleashing the latest technologies and helping communities to gain access to the solutions needed to offer secure, cost-effective, and reliable water to individuals.

Oct-2021: Schneider Electric joined hands with Hyatt Centric Jumeirah Dubai, a luxury boutique hotel in Jumeirah, offering stunning ocean views. Through this partnership, Schneider Electric deployed EcoStruxure Building Operation 3.0, a complete building management system at Hyatt Centric Jumeirah Dubai. This new solution would bring down the total energy consumption of the building, reduce the hotel’s carbon emissions, and would also reduce operational maintenance costs.

Sep-2021: ENGIE entered into a partnership with Faurecia, a French global automotive supplier. Following the partnership, the ENGIE would support Faurecia in its commitment to realize CO2 neutrality for scopes 1 and 2 by 2025. Moreover, the partnership aimed to offer energy solutions to be installed across 100+ Faurecia sites worldwide by mid-2022.

Sep-2021: Enablon, a subsidiary of Wolters Kluwers, signed an agreement with SASB, a non-profit organization. The agreement aimed to integrate the cStandards and SASB Materiality Map into the Enablon Vision platform. Under this agreement, customers of Enablon would efficiently map sustainability reporting information directly into SASB standards.

Sep-2021: Microsoft signed an agreement with SSE, a multinational energy company. The agreement would boost eco-friendly innovations worldwide. The agreement aimed to create the foundations for highly eco-friendly energy industry. Together, the two companies would design advanced solutions and best practices that are likely to transform business activities and assist develop a culture of sustainability investment and advancement across the UK.

Jul-2021: GE Renewable Energy formed a partnership with the governments of Canada and Québec for the expansion of its wind turbine blade unit in Gaspé, Canada. The partnership is perfect with the Canadian and Quebec government policy and economic goals. Through this partnership, the two companies would fulfill the immediate worldwide crisis of climate change.

Jun-2021: ENGIE signed a Memorandum of Understanding (MoU) with Monash University, a public research university based in Melbourne. Under this agreement, the two entities would focus on coordinated deployment, research, and education activities, and eventually focus on exploring and creating Net Zero solutions for cities and major precincts across the globe.

Jun-2021: Salesforce along with its approved global training organization, ISDI teamed up with Accenture, an Irish-based multinational professional services company. Moreover, the collaboration aimed to assist in examining its carbon footprint and decrease its impact on the environment with Salesforce Sustainability Cloud.

May-2021: Enablon, a subsidiary of Wolters Kluwers, joined hands with EY, one of the largest professional services networks in the world. Through this collaboration, the two companies introduced an ESG management and reporting solution based on the Enablon cloud software platform to assist offer to provide organizations with end-to-end management and reporting of ESG data.

May-2021: GE Renewable Energy came into a partnership with Toshiba Energy Systems and Solutions, a company that offers energy-efficient and eco-friendly solutions. The partnership aimed to adapt to the crucial phases of the manufacturing process of GE’s Haliade-X offshore wind turbine and to bolster its commercialization in the country.

Apr-2021: Xylem teamed up with Renewcell, one of the first industrial-scale companies to transform old clothes into new textiles with the help of an eco-friendly chemical recycling process. Under this collaboration, the ozone system of Xylem would be used for sustainable, circular textile production of Renewcell. In addition, the Wedeco ozone technology of Xylem would assist the new mill to produce dissolving pulp with a less amount of chemicals, while also fulfilling the most stringent local environment mandates.

Feb-2021: Microsoft teamed up with Accenture, a professional services company that specializes in IT services and consulting. The collaboration aimed to accelerate the U.K.’s low-carbon transition. In addition, the companies along with their joint venture named Avanade, would work together to assist utility and energy companies to transform the energy system and reduce the cost of decarbonizing the supply and demand of electricity in the U.K., supported by artificial intelligence (AI), open data, and a digital workforce.

Jan-2021: Salesforce extended its partnership with Accenture, an Irish-based multinational professional services company. This partnership aimed to assist clients across a wide range of industries development toward their environmental, social, and governance (ESG) goals. The partnership would integrate the resources of the Sustainability Services consulting practice of Accenture with Salesforce Sustainability Cloud.

Acquisitions and Mergers:

Oct-2021: Xylem took over Anadolu Flygt, the leading pumping and water treatment Systems Company in Turkey. Through this acquisition, the company expanded its regional reach. The acquisition aimed to enable the company to service a wide array of nations across the region and further expedite the growth of Xylem in the Middle East market with an advanced portfolio of digital water solutions and proven systems for sustainable utilization of water.

Oct-2021: GE-Prolec Transformers acquired SPX Corporation, a supplier of highly engineered infrastructure equipment and technologies. Through this acquisition, Prolec would become empowered to fulfill the rising Americas market with a wider suite of innovative and sustainable solutions for providing electrical energy.

Dec-2020: RED, a subsidiary of ENGIE, took over Callaghan Engineering, one of the biggest engineering consulting firms in Ireland. Through this acquisition, the company aimed to strengthen its vision to assist companies to expedite their eco-friendly transformation and develop a future that integrates positive economic and environmental outcomes.

Product Launches and Product Expansions:

Oct-2021: IBM rolled out The IBM Environmental Intelligence Suite. This new portfolio harnesses the potential of AI to assist companies to prepare for and respond to weather and climate risks that could hamper businesses can easily estimate their own impact on the planet and lower down the complexity of regulatory compliance and reporting.

Sep-2021: ENGIE introduced Ellipse, a net-zero carbon platform to expedite global decarbonisation efforts. Moreover, ENGIE designed Ellipse for the companies that are facing rising urgency to lower down carbon emissions and deploy a strategic action plan.

Sep-2021: Salesforce rolled out Sustainability Cloud 2.0. Through this launch, the company would expedite customers’ journey to Net Zero, enabling companies to monitor and bring down their carbon emissions and become a sustainable business. New improvements include Slack-First Sustainability for streamlined collaboration with suppliers, a carbon-offset ecosystem, and industry-specific climate action plans.

Jul-2021: Microsoft introduced Microsoft Cloud for Sustainability. This new solution is developed to assist companies in estimating, comprehending, reporting, and bringing down the environmental impact and be able to estimate development towards sustainability objectives.

Apr-2021: Salesforce unveiled Salesforce Sustainability Cloud Scope 3 Hub. Through this launch, Salesforce would assist organizations to simplify how they monitor their supply chain carbon footprint data to efficiently communicate with suppliers to move to sustainability efforts.

Jan-2021: Schneider Electric expanded wiser smart home ecosystem, furthering the discussion around the Smart and Sustainable Home. This new range would help the customers to design cost-efficiency, eco-friendly, energy-efficient, resilient, and personalized homes.

Geographical Expansions:

Mar-2021: GE Renewable Energy expanded its geographical reach by opening a new blade manufacturing unit in Teesside in the North East of England. Through this expansion, the company would boost its green industrial revolution as it capitalizes on the unexplored opportunities to generate clean energy through a brand new offshore wind port on the River Tees.

Jun-2020: ENGIE expanded its geographical footprint by increasing its product offerings to the APAC region. Through this, the company would assist companies, cities, and governments design sustainability strategies and deploy solutions to boost economic and environmental advantages.

Scope of the Study

Market Segments covered in the Report:

By Technology

• IoT

• AI & Analytics

• Digital twin

• Security

• Cloud computing

• Blockchain

By Application

• Carbon footprint management

• Green building

• Water purification

• Soil condition/moisture monitoring

• Crop monitoring

• Forest monitoring

• Weather monitoring & forecasting

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Microsoft Corporation

• IBM Corporation

• Salesforce.com, Inc.

• Oracle Corporation

• Tech Mahindra Limited

• Schneider Electric SE

• General Electric (GE) Co.

• Xylem, Inc. (Sensus)

• Wolters Kluwer N.V.

• ENGIE Impact

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06193310/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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