How Big Is the Environmental Technology Market?
According to 6Wresearch internal database and industry insights, the
Global environmental technology market was projected to be valued at USD 23 billion in 2024 and is expected to reach USD 38.5 billion by 2031, registering a CAGR of 6% during the forecast period.
This tremendous growth is being driven by factors such as stricter environmental regulations, rising investments in renewable energy infrastructure, and rapid industrial adoption of sustainable water, waste, and air management solutions.
Key Growth Factors of the Environmental Technology Market
- Increasing global emissions regulations encouraging clean technology adoption
- Surge in smart monitoring systems for pollution and carbon tracking
- Increased government funding for renewable energy and pollution control
- Rising corporate Environmental, Social, and Governance commitments
- Technological advancements in air, water, and waste treatment systems
- Urbanization creating demand for sustainable city infrastructure and utilities
Environmental Technology Market Trends
Environmental Technology Market is projected to experience rapid integration of AI and IoT in pollution control and monitoring systems, coupled with growth in carbon capture and storage projects. In addition, there is a shift toward decentralized water and waste management systems in smart cities, while green hydrogen and circular economy initiatives are gaining traction globally. Moreover, companies are investing in biodegradable materials and energy-efficient processes, driving transformation across industries.
Emerging Developments in the Environmental Technology Market
Environmental Technology Industry is evolving with a sharp focus on energy-efficient industrial operations and waste-to-energy innovations. Emerging developments include the use of blockchain for carbon credit validation, nanotechnology for pollutant filtration, and bio-based alternatives for cleaning and treatment. Partnerships between governments and tech firms for climate resilience infrastructure and smart pollution mitigation platforms are also shaping the next phase of this industry.
Leading Companies in the Environmental Technology Market
- Thermo Fisher Scientific
- Siemens AG
- AECOM
- Veolia Environnement S.A.
- Xylem Inc.
- SUEZ
- Danaher Corporation
How big is the Environmental Technology Market: FAQs
The market is primarily driven by climate change mitigation efforts and industrial adoption of green technologies to meet sustainability goals.
The environmental technology market is expected to exceed USD 38.5 billion by 2031.
Key trends include circular economy solutions, IoT integration in environmental systems, and AI-enabled environmental analytics.
Notable companies include Veolia, Siemens AG, GE, Suez, and ABB Ltd., among others.
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