LONDON, Sept. 13, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the environmental technology market, government initiatives towards sustainability and green technology are expected to drive the growth of the environmental technology market. environmental technology in the future. Government initiatives are a way for people to make their voices heard and have the opportunity to vote on issues that affect us all. Government initiatives help towards sustainability and green technology by recycling waste, purifying water, reducing pollution in water sources and air, and conserving the environment and natural resources. For example, in November 2021, the UK launched the “Clean Green Initiative”, which is a funding package to implement environmental technologies in developing countries. The package will invest $3.7 billion in the deployment of environmental technology in developing countries. Therefore, the initiatives taken by governments around the world to increase green technology are driving the growth of the green technology market.
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The size of the global environmental technology market is expected to grow from $507.43 billion in 2021 to $540.45 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The size of the global environmental technology market is expected to grow at $666.62 billion in 2026 in a CAGR of 5.4%.
Technological advances are a key trend that is gaining popularity in the environmental technology market. Leading companies operating in environmental technology are introducing innovative solutions to strengthen their position in the market. For example, in October 2021, Carbon Clean, an American company operating in environmental technology, launched the smallest industrial carbon capture technology, CycloneCC. This innovative solution reduces the impact of carbon on the environment.
The major players in the environmental technology market are Lennox International, Abetment Technologies, AECOM, Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc., Abetment Technologies, Veolia, Biffa, Svante Inc., Carbon Clean, Total SA, Covanta Holding Corporation, Carbon Clean, Cypher Environmental, Svante Inc., CarbonCure Technologies Inc and TRC Companies
The global environmental technology market is segmented by technology in IoT, artificial intelligence, cloud computing, blockchain; by components in services, solutions; by vertical in residential, industrial and logistics transport; through its application in air and water pollution control, water purification, crop control, carbon footprint management, waste management, etc.
Pacific Asia was the largest region in the environmental technology market in 2021. North America is expected to be fastest growing region in the global environmental technology market during the forecast period. The regions covered in the global environmental technology industry forecast are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Global Environmental Technology Market Report 2022: Market Size, Trends, and Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company providing overviews of the Environmental Technology market, analyzing the Environmental Technology market, and forecast the market size and growth for the entire market, environmental technology market segments and geographies, environmental technology market trends, environmental technology market drivers, environmental technology market restraints, revenue, profiles and market shares of the leading competitors in the environmental technology market in more than 1,000 industry reports, covering more than 2,500 market segments and 60 geographies
The report also offers an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 data sets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and knowledgeable team of analysts and modelers provide market analysis and forecasts. The reports identify the top countries and segments for opportunities and strategies based on market trends and the approaches of major competitors.
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