The global environmental technology market revenue was around US$ 0.73 trillion in 2023 and is estimated to reach US$ 1.2 trillion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2024 to 2032.

Environmental technology, also called green technology, refers to a wide range of innovative procedures, solutions, and products that are created to manage environmental challenges and encourage sustainability. The primary objective of the environmental technology industry is to reduce the negative effects of human activities on the environment, preserve natural resources, and minimize waste and pollution generation.

Factors Influencing Market Growth

- The rise in demand for environmental technologies in emerging regions due to rapid urbanization, growing population, and industrialization are the key factors propelling the environmental technology market.

- The increase in demand for renewable energy resources like solar, wind, and geothermal energy, and strict regulations about environmental protection are further driving the growth of the environmental technology market.

- The environmental technology market is anticipated to notice increased demand during the forecast period due to the growth in demand from industrial sectors.

Impact of COVID-19

The impact of COVID-19 pandemic had a huge influence worldwide due to the restrictions set by the governments of the countries. The environmental technology market is the route for extreme growth across different verticals like energy and power, utilities, gas and oil, logistics and transportation, and many others. Reduced demand for environmental technologies during the pandemic impacted its market negatively.

Regional Analysis

The Asia-Pacific region is anticipated to notice the fastest growth rate during the forecast period. The Asia-Pacific region offers substantial growth potential in environmental technology. Appearing markets, like China, India, and Southeast Asian countries, have noticed rapid industrial growth which will lead to augmented demand for environmental technology.

Leading Companies

The leading prominent companies profiled in the global environmental technology market are: -

- AECOM
- Clean Harbors Inc.
- Covanta Holding Corporation
- Ecolab Inc.
- Engie Impact
- IDEX Corporation
- Suez
- Veolia
- Waste Management
- Xylem
- Other prominent key players

Segmentation Outline

The global environmental technology market segmentation focuses on Component, Application, Consumer, and Region.

Segmentation based on Component

- Services
- Solutions
- Technological Solutions
- Waste Valorization
- Greentech
- Bioremediation
- CCUS
- Others

Segmentation based on Application

- Wastewater Treatment
- Water Purification Management
- Environmental Monitoring
- Solid Waste Management
- Others

Segmentation based on Consumer

- Residential
- Municipal
- Industrial

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa