Green Technology & Sustainability Market Size, Share & Trend Analysis Report By Component, By Technology (IoT, Digital Twin, Cloud Computing, Blockchain), By Application, By Region, And Segment Forecasts, 2025 - 2030

Green Technology & Sustainability Market Growth & Trends

The global green technology & sustainability market size is expected to reach USD 79.65 billion in 2030 and is projected to grow at a CAGR of 23.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. The expanding consumer and industrial interest in using clean energy resources to save the environment and the increased use of RFID sensors across industries drive the market adoption of green technology and sustainability solutions and services.

For instance, in July 2023, Omar Mitchell, vice president of the National Hockey League (NHL), discussed the NHL's focus on environment control and the role of technology in managing and understanding the organization's carbon footprint. To address this issue, the NHL has collaborated with SAP to create a digital platform that gathers and processes data from every club. SAP-NHL coaching insights mobile app was created to provide coaches with real-time game and player data. Furthermore, the market opportunity depends on increasing favorable private and government activities to combat climate change and air pollution.

The green technology and sustainability market is expanding as people become more environmentally conscious and concerned about global warming. Furthermore, the deployment of RFID sensors that reduce carbon emissions and the rise in interest in clean energy resources are expected to propel growth in the coming years. Green technology and sustainability solutions are expected to have a high product and solution pricing, limiting market growth to some extent. However, an increase in beneficial government and private actions to address climate change and air pollution is advantageous for the industry.

The green technology and sustainability industry has grown rapidly in recent years; however, due to the COVID-19 pandemic, the market witnessed a slight decline in 2020.This was due to governments in most countries imposing a state of emergency and shutting down numerous solar and wind power projects around the world. As a result of strict social distancing measures, even the installation of modest solar panels in homes and other industrial projects was prohibited. Various green technology solution suppliers around the world, on the other hand, are launching new strategies and business plans to stay afloat and increase their market worth.

Green Technology & Sustainability Market Report Highlights

• Based on component, the solution segment led the market with the largest revenue share of 67.5% in 2024. Advances in emerging technologies provide new opportunities for green technology implementation and sustainable development, considering social, economic, and environmental factors.
• Based on technology, the IoT segment accounted for the largest market revenue share in 2024. The adoption of IoT in various industries, such as manufacturing, healthcare, and agriculture, to enable real-time monitoring, efficient resource management, and data-driven decision-making, enhance operational efficiencies, and reduce costs is gaining traction.
• Based on application, the green building segment accounted for the largest market revenue share in 2024
• The carbon footprint management segment is anticipated to exhibit at the fastest CAGR over the forecast period. The rising awareness about climate change and the need to curb greenhouse gas emissions have emphasized the importance of carbon footprint management.
• North America dominated the green technology & sustainability market with the largest revenue share of 38.2% in 2024. This high share is attributed to the rising number of investments and initiatives in the green environment.