Environmental Technology Market
Environmental Technology Market Forecasts to 2028 – Global Analysis By Technological Solutions (Air Pollution Monitoring, Biofuels, Bioremediation), Component (Services, Solutions), Application, End User, and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $546.05 BN |
|
Projected Year Value (2028) |
US $758.16 BN |
|
CAGR (2021 - 2028) |
4.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Fastest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Environmental Technology Market is accounted for $546.05 billion in 2021 and is expected to reach $758.16 billion by 2028 growing at a CAGR of 4.8% during the forecast period. Environmental technology which is also referred to as green or clean technology is the application of environmental sciences to create new technologies that aim to monitor, conserve, or reduce the hazards caused to the environment while consuming its resources. Environmental technology is largely related to environmental monitoring. This aspect has emerged as a vital component of the government policies across different nations.
Market Dynamics:
Driver:
Emerging treatment methods
The management of produced water has been the focus of the oil and gas industry due to stringent legislation on the discharge of oil and gas produced water into the environment. The treatment of oil and gas produced water (PW) is required to meet the water requirement quality as per the regulatory bodies either for discharge/reuse and sustainability of the energy sector. Various treatment methods are being used in the oil and gas industry to remove substantial amounts of pollutants from produced water, which enhances the growth of the environmental technology market. There is a chemical treatment technology that uses chemical oxidants for the oxidation of organic contaminants in oil and gas produced water to products like CO2 and H2O.
Restraint:
Stringent regulations
Major developing countries are gradually focusing on environmental protection initiatives to address the growing concerns related to pollution control and rapid industrialization. This is leading to the development of new environment-related regulations. On contrary, there is inconsistency in the regulations and policies in different emerging countries with respect to the adoption of environmental protection equipment and technologies. This acts as a key restraint for the growth of the market. Thus, regulations are modified down the line, which affects the implementation of environmental pollution control services.
Opportunity:
Growing consciousness about water crisis
Over the last decade, the use of water has increased more than twice the rate of population increase globally and is steadily increasing in various sectors. Thus, there is a growing demand to treat water as a scarce resource, with a far stronger focus on managing demand. Countries experiencing water scarcity are adopting various strategies to deal with this challenge. For instance, according to a report by UNU-INWEH, the adoption of Sustainable Development Goals (SDG) in 2015 by the UN member states attracted other countries such as Canada to focus on wastewater treatment processes, water recycling, and water efficiency. Many treatment designs are aimed at removing microbial contamination and suspended solids. There has been a development of technologies such as reverse osmosis (RO) and electrodialysis to use in the desalination process. Therefore, water is being treated with advanced technologies to supply clean drinking water.
Threat:
Data gaps and asymmetrical market information
Weak trade and market data have plagued the environmental technologies industry for some time. The U.S. market is large and, until recently, substantial enough to support the business aspirations of many U.S. environmental technology providers. Saturation of the U.S. market, however, coupled with explosive growth in emerging markets, makes international growth inextricably linked with companies’ growth. The lack of market data makes it difficult to determine the best foreign market opportunities and makes it difficult for individual companies to discern where their specific products could be most in demand.
The industrial segment is expected to be the largest during the forecast period
The industrial segment is estimated to have a lucrative growth. In the industrial segment, the power, energy & utilities industry is the largest consumer of environmental technologies during the forecast period. It is majorly due to the rising renewable energy sector. Other goods and services that are a key business line and therefore are not readily separable for inclusion in the Environment Industry measures may be classified by environmental technologies and services.
The energy source for power generation and fuel segment is expected to have the highest CAGR during the forecast period
The energy source for power generation and fuel segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the growing demand for renewable energy technologies. Electricity generation using renewable sources such as wind energy, solar energy, and geothermal energy is gaining momentum in all the sectors, including commercial and industrial, globally. Industries such as manufacturing, oil & gas, automobiles, cement, chemicals, and engineering industries have started using solar power through solar PV-based captive power generation.
Region with highest share:
North America is projected to hold the largest market share during the forecast period. The newly elected Biden Administration in the U.S. is focusing expansively on environmental conservation policies. Thus, this aspect will have a major impact on the growth of the environmental technology market.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period. The primary energy demand in Asia Pacific is huge, mainly due to the continuous population growth, and hence the energy sector is expected to drive the environmental technology market growth in the region. The growing demand for wastewater treatment from municipal and industrial applications also expected to drive the market. In addition, it is the largest crude oil importing region globally.
Key players in the market
Some of the key players profiled in the Environmental Technology Market include AECOM, Abatement Technologies, Biffa, Carbon Clean, Covanta Holding Corporation, Cypher Environmental, Hitachi Zosen Corporation, Lennox International, SUEZ, Tandem Technical, Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc, Total S.A, Veolia, and Waste Connections.
Key Developments:
In April 2021, Veolia and Suez announce that their respective boards of directors reached an agreement in principle last night on the key terms and conditions of the merger between the two groups. Subject to obtaining a fairness opinion in accordance with applicable regulations, this offer would be recommended by the Board of Directors of Suez upon signature of the definitive agreements.
In December 2020, AECOM announced that it has been selected to perform work through an Energy Savings Performance Contract for the Los Angeles County Sanitation Districts’ Joint Water Pollution Control Plant (JWPCP) in Carson, California. The contract includes upgrades to the pure oxygen production process, which can result in more than $1.3 million in energy, water, and maintenance cost savings annually and more than $8 million in avoided capital expenditure.
Technological Solutions Covered:
• Air Pollution Monitoring
• Biofuels
• Bioremediation
• Carbon Capture, Utilization & Storage (CCUS)
• Desalination
• Green Hydrogen
• Greentech/Renewable Energy (Wind Energy, Photovoltaics, and Geothermal Energy)
• Ocean Plastic
• Ocean Thermal Energy Conversion (OTEC)
• Waste Valorization/ Recycling & Composting
Components Covered:
• Services
• Solutions
Applications Covered:
• Crop Monitoring
• Dry Steaming
• Dust Emissions
• Energy Source for Power Generation and Fuel
• Fire Detection
• Gas Dissolution
• Pollution Monitoring
• Precision Cooling
• Sewage Treatment
• Soil Monitoring/ Soil Analysis
• Solid Waste Treatment
• Wastewater Treatment
• Water Purification Management
End Users Covered:
• Residential/Municipal
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Environmental Technology Market, By Technological Solutions
5.1 Introduction
5.2 Air Pollution Monitoring
5.3 Biofuels
5.4 Bioremediation
5.5 Carbon Capture, Utilization & Storage (CCUS)
5.6 Desalination
5.7 Green Hydrogen
5.8 Greentech/Renewable Energy (Wind Energy, Photovoltaics, and Geothermal Energy)
5.9 Ocean Plastic
5.10 Ocean Thermal Energy Conversion (OTEC)
5.11 Waste Valorization/ Recycling & Composting
6 Global Environmental Technology Market, By Component
6.1 Introduction
6.2 Services
6.2.1 Consulting & Engineering
6.2.2 Industrial Remediation
6.2.3 Resource Recovery
6.2.4 Wastewater & Water Treatment
6.2.5 Water Utility
6.3 Solutions
7 Global Environmental Technology Market, By Application
7.1 Introduction
7.2 Crop Monitoring
7.3 Dry Steaming
7.4 Dust Emissions
7.5 Energy Source for Power Generation and Fuel
7.6 Fire Detection
7.7 Gas Dissolution
7.8 Pollution Monitoring
7.9 Precision Cooling
7.10 Sewage Treatment
7.11 Soil Monitoring/ Soil Analysis
7.12 Solid Waste Treatment
7.13 Wastewater Treatment
7.14 Water Purification Management
8 Global Environmental Technology Market, By End User
8.1 Introduction
8.2 Residential/Municipal
8.3 Industrial
8.3.1 Construction & Building Materials
8.3.2 Government & Defense
8.3.3 Healthcare & Life Sciences
8.3.4 Law Enforcement
8.3.5 Manufacturing
8.3.6 Oil & Gas
8.3.7 Power, Energy & Utilities
8.3.8 Retail & Consumer Goods
8.3.9 Transportation and Logistics
9 Global Environmental Technology Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 AECOM
11.2 Abatement Technologies
11.3 Biffa
11.4 Carbon Clean
11.5 Covanta Holding Corporation
11.6 Cypher Environmental
11.7 Hitachi Zosen Corporation
11.8 Lennox International
11.9 SUEZ
11.10 Tandem Technical
11.11 Teledyne Technologies Incorporated
11.12 Thermo Fisher Scientific Inc
11.13 Total S.A
11.14 Veolia
11.15 Waste Connections
List of Tables
1 Global Environmental Technology Market Outlook, By Region (2020-2028) ($MN)
2 Global Environmental Technology Market Outlook, By Technological Solutions (2020-2028) ($MN)
3 Global Environmental Technology Market Outlook, By Air Pollution Monitoring (2020-2028) ($MN)
4 Global Environmental Technology Market Outlook, By Biofuels (2020-2028) ($MN)
5 Global Environmental Technology Market Outlook, By Bioremediation (2020-2028) ($MN)
6 Global Environmental Technology Market Outlook, By Carbon Capture, Utilization & Storage (CCUS) (2020-2028) ($MN)
7 Global Environmental Technology Market Outlook, By Desalination (2020-2028) ($MN)
8 Global Environmental Technology Market Outlook, By Green Hydrogen (2020-2028) ($MN)
9 Global Environmental Technology Market Outlook, By Greentech/Renewable Energy (Wind Energy, Photovoltaics, and Geothermal Energy) (2020-2028) ($MN)
10 Global Environmental Technology Market Outlook, By Ocean Plastic (2020-2028) ($MN)
11 Global Environmental Technology Market Outlook, By Ocean Thermal Energy Conversion (OTEC) (2020-2028) ($MN)
12 Global Environmental Technology Market Outlook, By Waste Valorization/ Recycling & Composting (2020-2028) ($MN)
13 Global Environmental Technology Market Outlook, By Component (2020-2028) ($MN)
14 Global Environmental Technology Market Outlook, By Services (2020-2028) ($MN)
15 Global Environmental Technology Market Outlook, By Consulting & Engineering (2020-2028) ($MN)
16 Global Environmental Technology Market Outlook, By Industrial Remediation (2020-2028) ($MN)
17 Global Environmental Technology Market Outlook, By Resource Recovery (2020-2028) ($MN)
18 Global Environmental Technology Market Outlook, By Wastewater & Water Treatment (2020-2028) ($MN)
19 Global Environmental Technology Market Outlook, By Water Utility (2020-2028) ($MN)
20 Global Environmental Technology Market Outlook, By Solutions (2020-2028) ($MN)
21 Global Environmental Technology Market Outlook, By Application (2020-2028) ($MN)
22 Global Environmental Technology Market Outlook, By Crop Monitoring (2020-2028) ($MN)
23 Global Environmental Technology Market Outlook, By Dry Steaming (2020-2028) ($MN)
24 Global Environmental Technology Market Outlook, By Dust Emissions (2020-2028) ($MN)
25 Global Environmental Technology Market Outlook, By Energy Source for Power Generation and Fuel (2020-2028) ($MN)
26 Global Environmental Technology Market Outlook, By Fire Detection (2020-2028) ($MN)
27 Global Environmental Technology Market Outlook, By Gas Dissolution (2020-2028) ($MN)
28 Global Environmental Technology Market Outlook, By Pollution Monitoring (2020-2028) ($MN)
29 Global Environmental Technology Market Outlook, By Precision Cooling (2020-2028) ($MN)
30 Global Environmental Technology Market Outlook, By Sewage Treatment (2020-2028) ($MN)
31 Global Environmental Technology Market Outlook, By Soil Monitoring/ Soil Analysis (2020-2028) ($MN)
32 Global Environmental Technology Market Outlook, By Solid Waste Treatment (2020-2028) ($MN)
33 Global Environmental Technology Market Outlook, By Wastewater Treatment (2020-2028) ($MN)
34 Global Environmental Technology Market Outlook, By Water Purification Management (2020-2028) ($MN)
35 Global Environmental Technology Market Outlook, By End User (2020-2028) ($MN)
36 Global Environmental Technology Market Outlook, By Residential/Municipal (2020-2028) ($MN)
37 Global Environmental Technology Market Outlook, By Industrial (2020-2028) ($MN)
38 Global Environmental Technology Market Outlook, By Construction & Building Materials (2020-2028) ($MN)
39 Global Environmental Technology Market Outlook, By Government & Defense (2020-2028) ($MN)
40 Global Environmental Technology Market Outlook, By Healthcare & Life Sciences (2020-2028) ($MN)
41 Global Environmental Technology Market Outlook, By Law Enforcement (2020-2028) ($MN)
42 Global Environmental Technology Market Outlook, By Manufacturing (2020-2028) ($MN)
43 Global Environmental Technology Market Outlook, By Oil & Gas (2020-2028) ($MN)
44 Global Environmental Technology Market Outlook, By Power, Energy & Utilities (2020-2028) ($MN)
45 Global Environmental Technology Market Outlook, By Retail & Consumer Goods (2020-2028) ($MN)
46 Global Environmental Technology Market Outlook, By Transportation and Logistics (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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