The Latin America, Middle East and Africa Green Technology and Sustainability Market would witness market growth of 27.4% CAGR during the forecast period (2021-2027).
Some of the key determinants for the growth of the market include a rise in environmental awareness among the consumers which subsequently fuelled the demand for sustainable or less harmful products. Additionally, the rising number of supportive steps by the governments for reducing the carbon footprint and reducing waste production would unlock growth prospects for the overall green technology and sustainability market.
The trend of demanding less harmful and sustainable products among consumers is likely to drive the growth of the market in upcoming years. Due to this reason, manufacturers have begun to deploy green manufacturing solutions with an aim to develop sustainable solutions and products. Moreover, smart technology works within its own domain and provides green IT and environmental protection.
The LAMEA region is likely to showcase the massive potential for development throughout the forecasting period. Various governments of this region have undertaken initiatives to encourage green energy sources as part of their national climate initiatives. The major countries of the region have created new institutions at the national, regional, and global levels to develop and maintain support to decrease greenhouse emissions and support renewable development policies.
The Brazil market dominated the LAMEA Other Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $70.4 Million by 2027. The Argentina market is expected to witness a CAGR of 30.5% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 29.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Green Technology and Sustainability Market is Predict to reach $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
By Application
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