The North America Clean Technology Market would witness market growth of 11.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Clean Technology Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $343,505.8 Million by 2031. The Canada market is experiencing a CAGR of 13.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 13.1% during (2024 - 2031).
The clean technology market, commonly referred to as cleantech, represents one of the most rapidly expanding industries within the global economy. It encompasses various technologies, processes, and innovations designed to reduce environmental impact, enhance energy efficiency, and promote sustainability across various sectors.
Moreover, cleantech includes renewable energy sources such as solar, wind, hydro, and bioenergy, as well as advancements in energy storage, electric vehicles (EVs), smart grids, water purification, carbon capture, and circular economy practices. In light of the growing awareness surrounding climate change, resource depletion, and environmental degradation, governments, corporations, and investors are swiftly redirecting their attention toward sustainable technology in pursuit of long-term sustainability and economic advancement.
Canada's renewable technology sector is undergoing significant transformation, with a particular emphasis on hydrogen as a pivotal element of its energy transition strategy. The government has introduced the Clean Hydrogen Investment Tax Credit (CHITC) to incentivize the production and adoption of low-carbon hydrogen. 80 low-carbon hydrogen projects are underway, representing over CAN$100 billion in potential investments. However, challenges such as the timely rollout of subsidies, development of necessary infrastructure, and establishment of consistent definitions for clean hydrogen persist. An export agreement with Germany aims to establish a CAN$600 million transatlantic hydrogen corridor, reflecting Canada's commitment to becoming a global hydrogen production and export leader.
Free Valuable Insights: The Clean Technology Market is Predict to reach USD 1976.03 Billion by 2031, at a CAGR of 12.2%
Based on Application, the market is segmented into Commercial, Industrial, and Residential. Based on Type, the market is segmented into Renewable Energy Technologies, Energy Storage Solutions, Energy Efficiency Solutions, Water & Waste Management, Air & Environment Management, and Agriculture & Food Systems. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- IBM Corporation
- ABB Ltd.
- Eaton Corporation plc
- GE Vernova Group
- Siemens AG
- Schneider Electric SE
- First Solar, Inc.
- Sungrow Power Supply Co., Ltd.
- NextEra Energy, Inc.
- Iberdrola, S.A.
North America Clean Technology Market Report Segmentation
By Application
- Commercial
- Industrial
- Residential
By Type
- Renewable Energy Technologies
- Energy Storage Solutions
- Energy Efficiency Solutions
- Water & Waste Management
- Air & Environment Management
- Agriculture & Food Systems
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Clean Technology Market, by Application
1.4.2 North America Clean Technology Market, by Type
1.4.3 North America Clean Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis
Chapter 5. North America Clean Technology Market by Application
5.1 North America Commercial Market by Country
5.2 North America Industrial Market by Country
5.3 North America Residential Market by Country
Chapter 6. North America Clean Technology Market by Type
6.1 North America Renewable Energy Technologies Market by Country
6.2 North America Energy Storage Solutions Market by Country
6.3 North America Energy Efficiency Solutions Market by Country
6.4 North America Water & Waste Management Market by Country
6.5 North America Air & Environment Management Market by Country
6.6 North America Agriculture & Food Systems Market by Country
Chapter 7. North America Clean Technology Market by Country
7.1 US Clean Technology Market
7.1.1 US Clean Technology Market by Application
7.1.2 US Clean Technology Market by Type
7.2 Canada Clean Technology Market
7.2.1 Canada Clean Technology Market by Application
7.2.2 Canada Clean Technology Market by Type
7.3 Mexico Clean Technology Market
7.3.1 Mexico Clean Technology Market by Application
7.3.2 Mexico Clean Technology Market by Type
7.4 Rest of North America Clean Technology Market
7.4.1 Rest of North America Clean Technology Market by Application
7.4.2 Rest of North America Clean Technology Market by Type
Chapter 8. Company Profiles
8.1 IBM Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 ABB Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Eaton Corporation PLC
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 GE Vernova Group
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Siemens AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Schneider Electric SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 First Solar, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.8 Sungrow Power Supply Co., Ltd.
8.8.1 Company Overview
8.9 NextEra Energy, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.10. Iberdrola, S.A.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
TABLE 1 North America Clean Technology Market, 2020 - 2023, USD Million
TABLE 2 North America Clean Technology Market, 2024 - 2031, USD Million
TABLE 3 North America Clean Technology Market by Application, 2020 - 2023, USD Million
TABLE 4 North America Clean Technology Market by Application, 2024 - 2031, USD Million
TABLE 5 North America Commercial Market by Country, 2020 - 2023, USD Million
TABLE 6 North America Commercial Market by Country, 2024 - 2031, USD Million
TABLE 7 North America Industrial Market by Country, 2020 - 2023, USD Million
TABLE 8 North America Industrial Market by Country, 2024 - 2031, USD Million
TABLE 9 North America Residential Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Residential Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Clean Technology Market by Type, 2020 - 2023, USD Million
TABLE 12 North America Clean Technology Market by Type, 2024 - 2031, USD Million
TABLE 13 North America Renewable Energy Technologies Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Renewable Energy Technologies Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Energy Storage Solutions Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Energy Storage Solutions Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Energy Efficiency Solutions Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Energy Efficiency Solutions Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Water & Waste Management Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Water & Waste Management Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Air & Environment Management Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Air & Environment Management Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Agriculture & Food Systems Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Agriculture & Food Systems Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Clean Technology Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Clean Technology Market by Country, 2024 - 2031, USD Million
TABLE 27 US Clean Technology Market, 2020 - 2023, USD Million
TABLE 28 US Clean Technology Market, 2024 - 2031, USD Million
TABLE 29 US Clean Technology Market by Application, 2020 - 2023, USD Million
TABLE 30 US Clean Technology Market by Application, 2024 - 2031, USD Million
TABLE 31 US Clean Technology Market by Type, 2020 - 2023, USD Million
TABLE 32 US Clean Technology Market by Type, 2024 - 2031, USD Million
TABLE 33 Canada Clean Technology Market, 2020 - 2023, USD Million
TABLE 34 Canada Clean Technology Market, 2024 - 2031, USD Million
TABLE 35 Canada Clean Technology Market by Application, 2020 - 2023, USD Million
TABLE 36 Canada Clean Technology Market by Application, 2024 - 2031, USD Million
TABLE 37 Canada Clean Technology Market by Type, 2020 - 2023, USD Million
TABLE 38 Canada Clean Technology Market by Type, 2024 - 2031, USD Million
TABLE 39 Mexico Clean Technology Market, 2020 - 2023, USD Million
TABLE 40 Mexico Clean Technology Market, 2024 - 2031, USD Million
TABLE 41 Mexico Clean Technology Market by Application, 2020 - 2023, USD Million
TABLE 42 Mexico Clean Technology Market by Application, 2024 - 2031, USD Million
TABLE 43 Mexico Clean Technology Market by Type, 2020 - 2023, USD Million
TABLE 44 Mexico Clean Technology Market by Type, 2024 - 2031, USD Million
TABLE 45 Rest of North America Clean Technology Market, 2020 - 2023, USD Million
TABLE 46 Rest of North America Clean Technology Market, 2024 - 2031, USD Million
TABLE 47 Rest of North America Clean Technology Market by Application, 2020 - 2023, USD Million
TABLE 48 Rest of North America Clean Technology Market by Application, 2024 - 2031, USD Million
TABLE 49 Rest of North America Clean Technology Market by Type, 2020 - 2023, USD Million
TABLE 50 Rest of North America Clean Technology Market by Type, 2024 - 2031, USD Million
TABLE 51 Key Information – IBM Corporation
TABLE 52 Key Information – ABB Ltd.
TABLE 53 Key Information – Eaton Corporation PLC
TABLE 54 Key Information – GE Vernova Group
TABLE 55 Key Information – Siemens AG
TABLE 56 Key Information – Schneider Electric SE
TABLE 57 Key Information – First Solar, Inc.
TABLE 58 Key Information – Sungrow Power Supply Co., Ltd.
TABLE 59 Key Information – NextEra Energy, Inc.
TABLE 60 Key Information – Iberdrola, S.A.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Clean Technology Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Clean Technology Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Clean Technology Market
FIG 6 North America Clean Technology Market share by Application, 2023
FIG 7 North America Clean Technology Market share by Application, 2031
FIG 8 North America Clean Technology Market by Application, 2020 - 2031, USD Million
FIG 9 North America Clean Technology Market share by Type, 2023
FIG 10 North America Clean Technology Market share by Type, 2031
FIG 11 North America Clean Technology Market by Type, 2020 - 2031, USD Million
FIG 12 North America Clean Technology Market share by Country, 2023
FIG 13 North America Clean Technology Market share by Country, 2031
FIG 14 North America Clean Technology Market by Country, 2020 - 2031, USD Million
FIG 15 SWOT Analysis: IBM Corporation
FIG 16 SWOT Analysis: ABB ltd.
FIG 17 SWOT Analysis: Eaton Corporation PLC
FIG 18 SWOT Analysis: GE Vernova Group
FIG 19 SWOT Analysis: Siemens AG
FIG 20 SWOT Analysis: Schneider Electric SE
