Environmental technology market is witnessing robust expansion

Environmental technology market

The environmental technology market was valued at USD 0.7 trillion in 2022 and is estimated to reach USD 1.2 trillion by 2032, with a CAGR of 5.1% between 2023 and 2032.

Environmental technology is also called ‘green’ or ‘clean’ technology and refers to the development of new technologies that aim to maintain, monitor or reduce the negative impact of technology on the environment and resource consumption. The environmental technology market is segmented by component, application, consumer/vertical and region. Based on components, it is divided into solutions and services. Based on application, the market is classified into water treatment management, wastewater treatment, solid waste management, environmental monitoring, and others. On a consumer/vertical basis, the market is divided into residential, industrial and municipal. Regionally, the market is studied in North America, Europe, Asia Pacific and LAMEA.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/A215308

Recently, several government environmental technology incentives have encouraged plug-in vehicles, tax breaks and subsidies to promote the introduction and adoption of electric vehicles. Electric vehicles could potentially be the path to a greener society as companies like Bloomberg have predicted that electric vehicles will become cheaper than petrol cars by 2024 and according to Nissan there are now in fact more charging stations for electric vehicles in Britain than petrol stations. The primary purpose of environmental technologies is to protect the environment. Prominent examples include solar and wind energy, water desalination (the removal of salt or other minerals from salt water), electric vehicles, and pyrolysis (thermochemical breakdown of organic matter).

An important part of environmental technology is environmental monitoring, that is, the processes and activities carried out to monitor the quality of the environment. Environmental monitoring has become an essential part of the policies of governments and private organizations around the world. The Industrial Revolution increased large-scale exploration of minerals and oil, causing a natural depletion of oil and minerals. Technological advances have made mineral exploitation easier and there has been an increase in excavation activities, reducing the production of natural resources. Moreover, the consequences of deforestation have been more severe, with the World Bank reporting that the net loss of forests worldwide was $1.3 million.

Global demand for environmental technology solutions is driven by the growing emphasis on environmental sustainability, strict pollution management regulations and the need to combat climate change. Environmental technologies cover a wide range of issues such as renewable energy, waste management, water purification, air pollution control and other issues critical to alleviating environmental problems.

𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A215308

Environmental technology market trends are expected to rise in the coming years due to technological developments, government initiatives, and the environmental technology industry’s growing awareness and consumer awareness of the value of sustainable practices. Investments in environmental technology solutions are expected to rise as organizations and governments work to achieve sustainable development goals and strengthen industry expansion during the environmental technology market forecast period.

The environmental technology market size is segmented into component, application, consumer/vertical and region. Based on components, it is divided into solutions and services. Based on application, the market is classified into water treatment management, wastewater treatment, solid waste management, environmental monitoring, and others. On a consumer/vertical basis, the market is divided into residential, industrial and municipal. Regionally, the environmental technology market analysis is studied in North America, Europe, Asia Pacific and LAMEA.

𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

An economic recession has several consequences for the environmental technology market.

Economic crises create uncertainty and market instability, leading to greater price volatility.

Fluctuations in demand and investor sentiment contribute to greater price swings on trading platforms.

Economic recessions can affect investment, consumer behavior, and government spending in ways that have a pronounced impact on the growth and adoption of the environmental technology market. However, the specific impact varies depending on the severity and duration of the recession and the response of governments and industries.

Moreover, during economic crises, governments often intervene to stimulate economic growth. These interventions include changes to environmental policies and regulations, which have a direct impact on the carbon credit market. Such policy changes have significant implications for carbon credit trading platforms.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/8c3d7e00009b41ea8995c0274428ac9a 

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

Based on components, the services segment will account for almost three-quarters of the environmental technology market share in 2022, expressed in turnover.

Based on application, solid waste management segments will account for more than one-third of the environmental technology market size by 2022, in terms of revenue.

On a consumer basis, the industrial segment will account for more than two-fifths of the market share in 2022, in terms of turnover.

Regionally, Europe will account for more than a third of the market share in terms of revenue by 2022.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Veolia
Ecolab Inc.
AECOM
Suez
Clean Havens Inc.
Covanta Holding Corporation
Waste management
IDEX Company
Xylem
Engie Impact

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a market research, advisory and advisory firm of Allied Analytics LLP. Founded in 2013, the company has been instrumental in offering high-quality syndicated and customized market research reports, advisory services and useful insights to leading market players, startups, investors and stakeholders. Driven by the goal of eliminating sub-standard data and becoming a successful partner for organizations, Allied Market Research has continuously innovated, expanded its product and service portfolio, and implemented its customer-centric approach since its inception. With a client base spanning more than 7,000 organizations, including a majority of Fortune 500 companies, AMR has a proven track record of helping and serving its global client base and playing a key role in their success.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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This release was published on openPR.