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With 28.2% CAGR, Green Technology and Sustainability Market Size to Reach USD 99.60 billion by 2029

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Luton, Bedfordshire, United Kingdom, March 14, 2023 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Green Technology and Sustainability Market.

The global green technology and sustainability market size is projected to reach USD 99.60 billion by 2029, at a CAGR of 28.2% during the forecast period. The concept of green technologies involves the implementation of environmentally sustainable solutions that aim to achieve economic and social sustainability. This form of technology emphasizes the production of clean energy from natural and alternative sources, which is less harmful to the environment compared to traditional fossil fuels. The primary objective of green technology is to safeguard the environment while also repairing the damages caused to it in the past. Governments worldwide are making significant investments in green technology to promote environmental conservation and minimize the negative impact on the ecosystem, which is driving the growth of this market.

Industry Developments:

  • February 2022: IBM Corporation introduced the IBM Sustainability Accelerator. It’s a professional social impact program that uses IBM technologies such as AI, hybrid cloud, and an ecosystem of experts to help government and non-profit organizations improve and scale their operations, focusing on people who are vulnerable to environmental threats such as extreme weather & climate change and pollution.
  • March 2021 – CropX Inc. announced its strategic partnership with NASA Harvest, a Food Security and Agriculture Program. This partnership aims to advance sustainable agriculture and improve food security by utilizing satellite data and CropX soil data monitoring insights to assist and improve farmer production.

Get a Full PDF Sample Copy of the Report: (Including Full TOC, List of Tables & Figures, and Chart

https://exactitudeconsultancy.com/reports/13019/green-technology-and-sustainability-market/#request-a-sample

Green Technology and Sustainability Market Overview

The green technology and sustainability market has experienced significant growth in recent years, driven by the increasing awareness and concern about the impact of human activities on the environment. This market encompasses a wide range of products and services that promote sustainable practices, including renewable energy, energy efficiency, water conservation, waste management, and sustainable agriculture.

Renewable Energy: Renewable energy sources such as solar, wind, hydro, and geothermal power have become increasingly competitive with fossil fuels. Solar power has seen particularly rapid growth, with the cost of solar panels falling significantly over the past decade, making it one of the most affordable and widely available renewable energy sources.

Energy Efficiency: Energy efficiency technologies and practices, such as smart home systems, LED lighting, and building automation systems, have become increasingly popular, as they help reduce energy consumption and costs. The adoption of energy-efficient practices has been driven by a combination of government regulations and consumer demand for products that reduce their environmental impact.

Water Conservation: Water conservation technologies and practices, such as rainwater harvesting, greywater reuse, and drip irrigation, are becoming increasingly popular as concerns about water scarcity grow. These technologies and practices are particularly important in regions experiencing drought or water stress.

Waste Management: Waste management technologies and practices, such as recycling, composting, and waste-to-energy systems, are becoming increasingly important as the world generates more waste. These technologies and practices help reduce the amount of waste sent to landfills and incinerators, reducing greenhouse gas emissions and other environmental impacts.

Sustainable Agriculture: Sustainable agriculture practices, such as organic farming, agroforestry, and regenerative agriculture, are becoming increasingly popular as concerns about food security, climate change, and environmental degradation grow. These practices prioritize soil health, biodiversity, and ecosystem services, promoting long-term sustainability and resilience.

Overall, the green technology and sustainability market is expected to continue to grow in the coming years, driven by increasing demand for sustainable products and services, as well as government policies and regulations aimed at reducing greenhouse gas emissions and promoting sustainable practices.

Report Attribute Details
Revenue forecast in 2029 USD 90.60 billion
Market Growth rate CAGR of 28.2% from 2023 to 2029
Base year for estimation 2022
Historical data 2018 – 2020
Forecast period 2023 – 2029
Quantitative units Revenue in USD Million, volume in units, CAGR from 2023 to 2029
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, trends
Segments covered By Technology; Application; Component and By Region
Regional scope North America; Europe; Asia Pacific; Latin America; MEA
Country scope U.S; Canada; Mexico; Germany; U.K.; France; China; India; Japan; Brazil
Key companies profiled GE, IBM, Enablonc, Salesforce, Microsoft, Schneider Electric, Engie Impact, Intelex, Enviance, Sensus, LO3 Energy, Isometrix, ConsenSys, CropX, Hortau, IOT Solutions and Consulting, Pycno, MineSense Technologies, WINT, Envirosoft, ProcessMAP Accuvio, Taranis, Trace Genomics, OIZOM, SMAP Energy, Treevia, Ecotrack, EcoCart and AquiPor Technologies and others.
Customization scope Free report customization with purchase. Addition or alteration to country, regional & segment scope.

Request Free sample pages to learn more about this Green Technology and Sustainability Market report.

Companies Covered in Green Technology and Sustainability Market Report:

  • Enablonc
  • Salesforce
  • Microsoft
  • Schneider Electric
  • Engie Impact
  • LO3 Energy
  • Isometrix
  • ConsenSys
  • Hortau
  • IOT Solutions and Consulting
  • Pycno
  • MineSense Technologies
  • WINT
  • Envirosoft
  • ProcessMAP Accuvio
  • Taranis
  • Trace Genomics

Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Green Technology and Sustainability Market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of Green Technology and Sustainability Market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track sales in the global and country-specific Market.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.

Browse Full Premium Report | Green Technology and Sustainability Market Analysis with Strategic Developments

https://exactitudeconsultancy.com/reports/13019/green-technology-and-sustainability-market/#report-outlook

Drivers and Restraints:

Rising demand for electric vehicles

The global market for green technology and sustainability is experiencing a significant boost in growth due to the increasing demand for electric vehicles. The International Energy Agency (IEA) predicts that the demand for electric vehicles will soon exceed 3 million units, as more people become aware of environmental issues and seek eco-friendly transportation options. This growing demand for electric vehicles is driving the steady growth of the global market for green technology and sustainability, and this trend is expected to continue over the forecasted period.

High capital costs

The implementation of green technology and sustainability solutions and services involves significant costs that can be quite expensive. To successfully install and implement these solutions and tools, proper infrastructure is required. Additionally, advanced technologies such as artificial intelligence, blockchain, and the internet of things, which are used in green technology and sustainability solutions, are high-cost in nature. Therefore, the high capital costs associated with the adoption of these technologies and solutions are acting as a barrier to the growth of the global green technology and sustainability market.

Regional Insights

North America held the highest revenue share of over 39% in the global green technology and sustainability market in 2021 and is expected to continue to offer new business opportunities in the future. The region’s leadership can be attributed to its initiatives and investments in promoting a green environment. The North American Climate, Energy, and Environment Partnership encourage the adoption of sustainable policies and the purchase of renewable energy and electric vehicles.

The U.S., Canada, and Mexico are launching a Trilateral North American initiative to help remote, indigenous communities transition to clean, renewable energy sources in partnership with the International Renewable Energy Agency. Market players are focusing on research and development efforts to integrate innovative technologies that can address the challenges of climate change and rising pollution, emissions, and waste.

The APAC region is expected to offer significant growth potential, with a high CAGR projected over the forecast period. Countries like China, India, and Japan are actively working towards integrating new technologies to enhance business operations.

For example, India hosted the Huawei APAC Digital Power Green Energy Summit 2022, which provided a platform for industry experts, policymakers, and sustainability practitioners to discuss green development trends and explore opportunities to accelerate the energy transition.

Key Market Segments: Green Technology and Sustainability Market

Green Technology and Sustainability Market by Technology, 2022-2029, (USD Billion)

  • IOT
  • Ai And Analytics
  • Digital Twin
  • Cloud Computing
  • Security
  • Block chain

Green Technology and Sustainability Market by Application, 2022-2029, (USD Billion)

  • Carbon Footprint Management
  • Green Building
  • Water Purification
  • Water Leak Detection
  • Fire Detection
  • Soil Condition/Moisture Monitoring
  • Crop Monitoring
  • Forest Monitoring
  • Weather Monitoring and Forecasting
  • Air and Water Pollution Monitoring
  • Sustainable Mining and Exploration

Green Technology and Sustainability Market by Component, 2022-2029, (USD Billion)

  • Solution
  • Services

Green Technology and Sustainability Market by Regions, 2022-2029, (USD Billion)

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa

Frequently Asked Questions About This Report

  • How big is the Green Technology and Sustainability Market?
  • What is the Green Technology and Sustainability Market growth?
  • Which segment accounted for the largest Green Technology and Sustainability Market share?
  • Who are the key players in the Green Technology and Sustainability Market?
  • What are the factors driving the Green Technology and Sustainability Market?

About Exactitude Consultancy

Exactitude Consultancy is a market research &amp; consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

Contact us for your special interest research needs at [email protected] and we will get in touch with you within 24hrs and help you find the market research report you need.


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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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