Green Technology and Sustainability Market To Generate $57.8 Billion Revenue by 2030


The soaring production of renewable and low-carbon electricity, escalating demand for curtailing operational costs, surging volatility in energy prices, rising implementation of favorable government legislations, and increasing use of building automation systems will help the green technology and sustainability market to grow at a CAGR of 20.0% during the forecast period (2020–2030). 

The market was valued at $8.3 billion in 2019 and it is projected to generate $57.8 billion revenue by 2030. One of the key growth drivers for the market is the increasing adoption of building automation systems for reducing power consumption of commercial and residential complexes. High electricity demand is amplifying the environmental and financial burden across the world. 


To deal with these challenges, the governments of several countries are implementing various environmental regulations for certifying buildings as 'Green'. Green technologies are being used in several stages of building construction such as the selection of construction material and electrical appliances. 

In recent years, the increasing installation of smart grids has become a major trend in the green technology and sustainability market, as the adoption of smart meters strengthens and improves the automation, communication, distribution, and metering processes. 

Smart meters enable users to track their power consumption, advise users on energy optimization, and help in reducing energy wastage. Additionally, smart grids also assist utilities in reducing the power supply gap during periods of maximum demand, by constantly monitoring the power needs of customers.

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