Environmental Technology

Global Environmental Technology Market to Reach US$984.2 Billion by 2030

The global market for Environmental Technology estimated at US$749.5 Billion in the year 2024, is expected to reach US$984.2 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2024-2030. Solution, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$603.3 Billion by the end of the analysis period. Growth in the Services segment is estimated at 6.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$197.0 Billion While China is Forecast to Grow at 4.5% CAGR

The Environmental Technology market in the U.S. is estimated at US$197.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$158.6 Billion by the year 2030 trailing a CAGR of 4.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Global Environmental Technology Market – Key Trends & Drivers Summarized

How Is Environmental Technology Evolving to Combat Climate Change?

The environmental technology market is rapidly expanding as industries seek sustainable solutions to mitigate climate change and reduce carbon footprints. Innovations in renewable energy, waste management, and water purification technologies are reshaping how businesses and governments approach environmental sustainability. The widespread adoption of solar, wind, and hydrogen-based energy sources is reducing reliance on fossil fuels, while smart grids and energy storage systems are optimizing power distribution and consumption. Carbon capture and storage (CCS) technologies are also gaining traction, helping industries lower greenhouse gas emissions by capturing CO2 at the source and storing it underground.

In the waste management sector, advancements in recycling technologies, biodegradable materials, and circular economy initiatives are promoting sustainable resource use. Smart waste management systems equipped with IoT sensors are improving efficiency by optimizing collection routes and monitoring waste levels in real time. Water purification and desalination technologies are addressing the global water crisis by providing access to clean drinking water through advanced filtration and reverse osmosis systems. As environmental regulations tighten, industries are accelerating their investments in green technology to comply with sustainability goals and reduce environmental impact.

What Role Does AI and IoT Play in Environmental Technology?

Artificial intelligence (AI) and the Internet of Things (IoT) are playing a crucial role in advancing environmental technology. AI-driven predictive analytics are helping industries optimize energy consumption, detect pollution sources, and improve climate modeling accuracy. Smart sensors powered by IoT are being deployed in air and water quality monitoring systems, enabling real-time data collection and immediate response to environmental threats. These technologies are being integrated into smart cities, where automated environmental monitoring helps authorities track emissions, manage traffic congestion, and implement sustainable urban planning.

AI and IoT are also enhancing agricultural sustainability through precision farming techniques. Smart irrigation systems use real-time weather and soil data to optimize water usage, reducing waste and increasing crop yields. Additionally, blockchain technology is being leveraged for transparent and secure carbon credit trading, encouraging organizations to offset their emissions responsibly. As AI and IoT continue to evolve, their application in environmental technology is expected to drive efficiency, reduce waste, and accelerate the transition toward a greener future.

What Are the Key Factors Driving Growth in the Environmental Technology Market?

The growth in the environmental technology market is driven by several factors, including increasing regulatory mandates for emissions reduction, advancements in renewable energy, and the rising global demand for sustainable resource management. Government policies and carbon neutrality commitments are pushing industries to adopt cleaner technologies and invest in sustainable business practices. The transition toward electric vehicles (EVs) and smart energy management solutions is further accelerating market expansion.

The surge in funding for green technology startups and innovations in energy storage solutions, such as solid-state batteries and hydrogen fuel cells, are also contributing to market growth. Additionally, the growing public awareness of climate change and consumer preference for eco-friendly products are prompting companies to integrate sustainable practices across their supply chains. As the global push for net-zero emissions intensifies, the environmental technology market is expected to witness sustained growth and technological advancements.

SCOPE OF STUDY:

The report analyzes the Environmental Technology market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Solution, Services); Application (Power Generation & Fuel, Solid Waste Treatment, Pollution Monitoring, Wastewater Treatment, Water Purification Management, Sewage Treatment, Precision Cooling, Gas Dissolution, Others); End-Use (Residential / Municipal, Industrial, Energy & Utilities, Transportation & Logistics, Oil & Gas, Food & Beverages, Construction & Building Materials, Retail & Consumer goods, Government, Others)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 32 Featured) -

• ABB
• Bloom Energy
• Boston Metal
• Carbon Engineering
• Climeworks
• Covanta
• Delta Electronics
• Enphase Energy
• First Solar
• General Electric
• Hitachi Zosen Corporation
• Johnson Controls
• NextEra Energy
• Ørsted
• Schneider Electric
• Siemens
• Suez
• Tesla
• Veolia
• Vestas Wind Systems

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TARIFF IMPACT FACTOR
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