Green technology and sustainability solutions are products, services and technologies that conserve energy, minimize waste, use renewable resources and create less impact on the environment. Some examples of green tech are electric cars, programmable thermostats that help homeowners save energy by scheduling interior environmental changes, and smart buildings that incorporate renewable energy and use recycled water. The technology is also being used to monitor environmental conditions such as air quality, soil moisture, and climate. It can be used to create new opportunities for businesses, such as agritourism and ecotourism.
Market Dynamics:
The global green technology and sustainability market is growing rapidly. Some of the major factors contributing to this growth include increasing demand for renewable energy sources, volatile crude oil prices, formulation and execution of promising government legislations, and a growing need to decrease operational costs in the production sector.
However, the high initial cost of green technology and sustainability systems is a major hurdle expected to hamper the market growth in the coming future.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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