- In March 2024, Schneider Electric revealed plans to enhance its EcoStruxure IT data center infrastructure management tool by incorporating advanced sustainability reporting capabilities. This new feature, set to launch next month, aims to assist data center operators in complying with the European Energy Efficiency Directive (EED) requirements. By integrating these reporting tools, Schneider Electric is furthering its commitment to promoting energy efficiency and sustainability within data center operations
- In February 2024, IBM Envizi enhanced its Scope 3 emissions accounting solution by adding new functionality. As part of the IBM Envizi ESG Suite, the Supply Chain Intelligence module now gathers Product Carbon Footprint (PCF) data alongside high-volume supplier and product-level transactional information for more accurate Scope 3 reporting and calculations. This update underscores IBM's commitment to helping organizations effectively manage their carbon emissions and improve sustainability in their supply chains
- In February 2024, Microsoft unveiled new AI and data tools designed to help companies achieve their sustainability objectives. The introduction of Microsoft Sustainability Manager, equipped with Copilot and intelligent insights, enables organizations to effectively report, monitor, and minimize waste, emissions, and water usage. This solution, integrated within the Microsoft Cloud, reinforces Microsoft's commitment to facilitating sustainability efforts across various industries
- In December 2023, CropX Technologies announced the successful acquisition of Green Brain, a company based in Adelaide, Australia, that specializes in digital irrigation management tools. This strategic move is anticipated to enhance CropX's market expertise and broaden its customer base. By integrating Green Brain’s innovative solutions, CropX aims to strengthen its position in the agricultural technology sector and improve sustainable irrigation practices
- In May 2023, ENGIE launched Italy's largest agrovoltaic park, which integrates solar panel technology with agricultural farming practices. This innovative facility will generate renewable energy that is slated for transportation to Italy's national grid, supporting the energy needs of Amazon's operations within the country. By combining solar power generation with agriculture, ENGIE is advancing sustainable energy solutions while promoting eco-friendly farming practices
Frequently Asked Questions
The market is segmented based on Global Green Technology and Sustainability Market Segmentation, By Component (Solution and Services), Technology (IoT, AI and analytics, Digital twin, Cloud computing, Security, and Blockchain), Application (Carbon Footprint Management, Green Building, Water Purification, Water Leak Detection, Fire Detection, Soil Condition/Moisture Monitoring, Crop Monitoring, Forest Monitoring, Weather Monitoring And Forecasting, Air And Water Pollution Monitoring, and Sustainable Mining and Exploration) – Industry Trends and Forecast to 2031
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The Global Green Technology And Sustainability Market size was valued at USD 17.21 USD Billion in 2023.
The Global Green Technology And Sustainability Market is projected to grow at a CAGR of 26.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
