The Europe Green Technology and Sustainability Market would witness market growth of 21.6% CAGR during the forecast period (2021-2027).
Sustainability is the concept that helps to address the growing number of environmental challenges and promotes economic and social development. Additionally, green technology refers to a set of rapidly changing processes and instruments that vary from energy generation methods to non-toxic cleaning products. With the help of green technology, governments can ensure short-term and long-term positive impacts on the environment.
The majority of the commercial energy supply of the world presently depends on fossil fuels that result in substantial carbon emissions. Due to this, regulatory bodies of many nations are highlighting the importance of the adoption of green technology and sustainability in order to eliminate and bring down the harmful impact of human activities. In addition, green technology and sustainability assist to preserve the natural environment and resources by incorporating various processes, instruments, systems, and products.
European Commission is willing to promote energy storage, carbon capture & storage, and grid solutions to develop green recovery resulting in climate neutrality and restart of the EU economy. European nations are seen as global leaders in various green technologies like onshore and offshore wind power. Stiff competition from North America and the eastern countries is putting high pressure on Europe to invest significantly in R&D activities and offer a landscape that is growth conductive for green technology.
The Green Building market dominated the Russia Green Technology and Sustainability Market by Application 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $611.9 Million by 2027. The Weather Monitoring & Forecasting market is estimating a CAGR of 23% during (2021 - 2027). The Carbon Footprint Management market would witness a CAGR of 19.9% during (2021 - 2027).
Based on Technology, the market is segmented into IoT, AI & Analytics, Digital twin, Security, Cloud computing, and Blockchain. Based on Application, the market is segmented into Carbon footprint management, Green building, Water purification, Soil condition/moisture monitoring, Crop monitoring, Forest monitoring, Weather monitoring & forecasting, and others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Green Technology and Sustainability Market Size will Hit $38.15 billion by 2027, at a CAGR of 22.5%
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.
By Technology
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