Environmental Technology Market

The Environmental Technology Market is predicted to rise to USD 694 billion by 2028, witnessing 4.8% CAGR during 2021-2028

Environmental Technology Market Overview

Environmental technology can also be term as green’ or ‘clean’ technology. It refers to the application of environmental science for the improvement & advancement of new technologies which aim to conserve and reduce the harmful impact on the environment. These technologies prevent pollution, reduce the wastewater stream, design, operate & develop environmental structures.

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Major Environmental Technology Market Drivers

The factors driving the global Environmental Technology Market include the growing technological development to preserve and reduce harmful impact on the government. For instance, Light Manufacturing, a plastics manufacturing company, uses heliostats (appliances with driven mirrors to reflect light) to reflect and concentrate the suns’ rays to melt plastic and make it mouldable. This process is entirely fossil fuel-free which in return is eco-friendly.

Government has framed rules and regulation towards the environmental protection. Moreover, rising demand to treat water as a scarce resource as many countries face problems regarding water scarcity and climate change. For instance, according to UNEP in 2021, the UN system to support the Government of Iraq to adopt the climate-related challenges and facilitate regional dialogue and cooperation on environmental climate change, water scarcity, etc. Thus, this augments positively boosted the growth of the global environmental technology market.

Restraint in the Environmental Technology Market

However, the cost of products and solutions associated with environmental technology is very high, which is difficult to adopt by small and medium players. Thus, this factor has hampered the growth of the environmental technology market.

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Component – Segment Analysis

Based on the Component, solutions segment is expected to grow at a higher CAGR rate in the global Environmental Technology Market during the forecast period owing to the increasing awareness regarding the carbon footprint as it led to global warming and climate change. The rise in the awareness of technology causing environmental hazards is a major factor that drives the growth of this market.

Application – Segment Analysis

Based on the Application, power generation and fuel segment projected to capture the largest market share over the forecast period in the global Environmental Technology Market due to Increasing demand for renewable energy technologies. Additionally, generation of electricity using renewable sources such as solar energy, wind energy, and geothermal energy is gaining importance in all sectors such as industrial and commercial. The consumption of electricity is increasing due to electronics advancement in the technology. This factor has boosted the growth of this segment in global Environmental Technology Market.

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Regional – Segment Analysis:

Based on the region, the Asia Pacific region is expected to grow at a higher CAGR rate in the global Environmental Technology Market during the forecast period due to the increase in the advanced technologies, investment and efforts to combat emissions levels. According to Global Trade Atlas India has imported environmental technology equipment of USD 931 million in 2020. Digital enterprises are improving the technology to combat overconsumption of fossil fuels, natural disasters, and deforestation. Thus, this factor has positively boosted the growth of this region.

Top Market Players

Various notable players operating in the market, include, Aecom., Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc, TotalEnergies, Biffa, Hitachi Zosen Corporation, Carbon Clean Solutions Limited., Cypher Environmental, Svante Inc., CarbonCure Technologies Inc., among others.

Key Developments:

• • In 2021, Veolia announced an agreement with SUEZ for merging of its two groups. The main aim of this agreement is to be municipal water and solid waste activity of Suez in France as well as the activities of Suez in particular in water and in the other geographies.
  • In December 2020, AECOM has created a partnership with Los Angeles County Sanitation Districts to upgrade the Joint Water Pollution Control Plant (JWPCP) in Carson, California.

Segments covered in the Report:

The global Environmental Technology Market has been segmented on the basis of Component, Application, Technological Solutions, and regions. Based on Component, the market is segmented into Solutions and Services. Based on Application, the market is segmented into Wastewater treatment, Water purification management, Sewage treatment, Pollution monitoring, Dust emission, Dry steaming, Gas dissolution, Precision, cooling, Solid waste treatment, Energy source for power generation and fuel and Others. Based on Technological Solutions, the market is segmented into Waste valorization/ recycling & composting, Greentech/renewable energy, Desalination, Bioremediation, Green hydrogen, Carbon capture utilization & storage (ccus) and Others.

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Market Segmentation

Global Environmental Technology Market by Component

• • Solutions
  • Services

Global Environmental Technology Market by Application

• • Wastewater treatment
  • Water purification management
  • Sewage treatment
  • Pollution monitoring
  • Dust emissions
  • Dry steaming
  • Gas dissolution
  • Precision cooling
  • Solid waste treatment
  • Energy source for power generation and fuel
  • Others

Global Environmental Technology Market by Technological Solutions

• • Waste valorization/ recycling & composting
  • Greentech/renewable energy
  • Desalination
  • Bioremediation
  • Green hydrogen
  • Carbon capture, utilization & storage (ccus)
  • Others

Global Environmental Technology Market by Region

• • North America Environmental Technology Market (Option 1: As a part of the free 25% customization)

    • North America Environmental Technology Market by Component
    • North America Environmental Technology Market by Application
    • North America Environmental Technology Market by Technological Solutions
    • US Environmental Technology Market All-Up
    • Canada Environmental Technology Market All-Up

  • Europe Environmental Technology Market (Option 2: As a part of the free 25% customization)

    • Europe Environmental Technology Market by Component
    • Europe Environmental Technology Market by Application
    • Europe Environmental Technology Market by Technological Solutions
    • UK Environmental Technology Market All-Up
    • Germany Environmental Technology Market All-Up
    • France Environmental Technology Market All-Up
    • Spain Environmental Technology Market All-Up
    • Rest of Europe Environmental Technology Market All-Up

  • Asia-Pacific Environmental Technology Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Environmental Technology Market by Component
    • Asia-Pacific Environmental Technology Market by Application
    • Asia-Pacific Environmental Technology Market by Technological Solutions
    • China Environmental Technology Market All-Up
    • India Environmental Technology Market All-Up
    • Japan Environmental Technology Market All-Up
    • Rest of APAC Environmental Technology Market All-Up

  • RoW Environmental Technology Market (Option 4: As a part of the free 25% customization)

    • RoW Environmental Technology Market by Component
    • RoW Environmental Technology Market by Application
    • RoW Environmental Technology Market by Technological Solutions
    • Brazil Environmental Technology Market All-Up
    • South Africa Environmental Technology Market All-Up
    • Saudi Arabia Environmental Technology Market All-Up
    • UAE Environmental Technology Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Environmental Technology Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Aecom
  • Teledyne Technologies Incorporated
  • Thermo Fisher Scientific Inc
  • TotalEnergies
  • Biffa
  • Hitachi Zosen Corporation
  • Carbon Clean Solutions Limited.
  • Cypher Environmental
  • Svante Inc.
  • CarbonCure Technologies Inc.