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According to a new report, published by KBV research, The Global Clean Technology Market size is expected to reach $1976.03 Billion by 2031, rising at a market growth of 12.2% CAGR during the forecast period.
The Commercial segment is leading the Global Clean Technology Market by Application in 2023; thereby, achieving a market value of $841.13 billion by 2031. The increasing adoption of renewable energy solutions, energy efficiency measures, and smart building technologies in commercial spaces, such as offices, retail stores, hotels, and healthcare facilities, significantly contributed to its market leadership. Businesses across sectors are prioritizing sustainability initiatives driven by corporate ESG commitments, government policies, and cost savings from energy-efficient operations.
The Water & Waste Management segment is anticipating a CAGR of 13% during (2024 - 2031). The segment is expanding due to growing concerns over water scarcity, increasing urbanization, and stricter environmental regulations. Governments and industries are investing in advanced wastewater treatment, desalination technologies, and smart water management systems to ensure water security. The circular economy model also encourages innovations in waste-to-energy solutions, plastic recycling, and organic waste composting, further driving market growth.
Full Report: https://www.kbvresearch.com/clean-technology-market/
The North America region dominated the Global Clean Technology Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $478.45 billion by 2031, growing at a CAGR of 11.7 % during the forecast period. The Europe region is experiencing a CAGR of 11.9% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 12.5% during (2024 - 2031).
By Application
By Type
By Geography
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