Green Technology and Sustainability Market| Emerging Technological Industry Segmentation, Application, Regions and Key News

The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Green Technology and Sustainability market. The rising demand for the Green Technology and Sustainability market is expected to drive the demand for Green Technology and Sustainability market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.

The global green technology and sustainability market size is expected to reach USD 68.22 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising awareness among consumers regrading environmental degradation and global warming. Increasing dependence on non-renewable energy technologies and excessive usage of fossil fuels have generated excessive carbon emissions and resulted in global warming. Government and private organization are developing and deploying green technologies to reduce pollution and protect or enhance the natural environment by conserving energy and natural resources, reduce or eliminate use of toxic agents, and stem pollution and waste. Increasing preference towards renewable sources of energy such as solar panels, wind turbines, and solar heating to minimize greenhouse gas emissions are other major factors driving revenue growth of the global green technology market. Solar energy is a popular type of green technology, which helps in reducing energy bills and dependency on fossil fuels.

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