Overview and Scope
Environmental technology refers to the use of environmental sciences in the advancement of technology aimed at conserving, monitoring, or reducing the harm to the environment while consuming its resources that are used for achieving environmental sustainability goals with the means of technology.
Sizing and Forecast
The environmental technology market size has grown steadily in recent years. It will grow from $552.12 billion in 2024 to $579.11 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to global environmental challenges, renewable energy transition, rise of corporate sustainability initiatives, waste management and recycling, awareness of air quality issues, carbon emission reduction initiatives..
The environmental technology market size is expected to see strong growth in the next few years. It will grow to $719.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to global emphasis on climate action, increasing renewable energy investments, rising demand for sustainable agriculture, circular economy initiatives, government policies and incentives.. Major trends in the forecast period include renewable energy advancements, smart grid technologies, energy storage solutions, circular economy practices, water and wastewater treatment innovations..
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Segmentation & Regional Insights
The environmental technology market covered in this report is segmented –
1) By Technology: IoT, Artificial Intelligence, Cloud Computing, Blockchain
2) By Components: Services, Solutions
3) By Application: Air and Water Pollution Monitoring, Water Purification, Crop Monitoring, Management of Carbon Footprints, Waste Management, Other Applications
4) By Vertical: Residential, Industrial Transportation and Logistics
Top 5 Major Players:
- Lennox International Inc.
- Abetment Technologies Inc
- AECOM Technology Corporation
- Teledyne Technologies Incorporated
- Thermo Fisher Scientific Inc.,
Asia-Pacific was the largest region in the environmental technology market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The government’s initiatives toward sustainability and green technology are expected to propel the growth of the environmental technology market going forward. Government initiatives are a way for people to have their voices heard and get a chance to vote on issues that affect all of us. Government initiatives help towards sustainability and green technology by recycling waste, purifying water, reducing pollution in water sources and air, and conserving the natural environment and resources. For instance, in November 2021, the UK launched the “”Clean Green Initiative,”” which is a funding package to roll out environmental technologies in developing countries. The package will invest $3.7 billion in the rollout of environmental technology in developing countries. Therefore, initiatives taken by governments across the world to increase green technology are driving the environmental technology market growth.
Key Industry Players
Major companies operating in the environmental technology market report are Lennox International Inc., Abetment Technologies Inc., AECOM Technology Corporation, Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc., Veolia Environnement S. A., Biffa plc, Svante Inc., Carbon Clean Solutions Limited, Total S. A., Covanta Holding Corporation, Cypher Environmental Ltd., CarbonCure Technologies Inc., TRC Companies Inc., Indigo Agriculture Inc., Impossible Foods Inc., GlaxoSmithKline plc (GSK), ecoRobotix SA, Centre for Process Innovation (CPI), Transfix Inc., Ricardo plc, Measurabl Inc., Cloverly Inc., Sourcemap Inc., Johnson Matthey plc, GridX Inc., Tortuga AgTech Inc., AIR COMPANY Corp., R-Zero Holdings Inc., UL Solutions Inc.
The environmental technology market report table of contents includes:
1. Executive Summary
2. Environmental Technology Market Characteristics
3. Environmental Technology Market Trends And Strategies
4. Environmental Technology Market – Macro Economic Scenario
5. Global Environmental Technology Market Size and Growth
…..
31. Global Environmental Technology Market Competitive Benchmarking
32. Global Environmental Technology Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Environmental Technology Market
34. Environmental Technology Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Environmental Technology Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Environmental Technology Market, Segmentation By Components, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Environmental Technology Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Lennox International Inc. Financial Performance
Table 76: Abetment Technologies Inc. Financial Performance
Table 77: AECOM Technology Corporation Financial Performance
Table 78: Teledyne Technologies Incorporated Financial Performance
Table 79: Thermo Fisher Scientific Inc. Financial Performance
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