Global Environmental Technology Market Forecasts to 2026 – A USD 690.3 Billion Market by 2026 with CAGR of 4.6% During 2021-2026

DUBLIN, July 26, 2021–(BUSINESS WIRE)–The “Environmental Technology Market by Component, Technological Solutions (Waste Valorization, Greentech, Nuclear Energy, Bioremediation), Application, Vertical and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The environmental technology market is estimated at USD 552.1 billion in 2021 and is projected to reach USD 690.3 billion by 2026, at a CAGR of 4.6% from 2021 to 2026. The environmental technology market is on course for intense growth across different verticals such as power, energy & utilities, manufacturing, retail & consumer goods, construction & building materials, government & defense, oil & gas, and others.

Environmental technology includes the application of environmental sciences for the development of new technologies to monitor, conserve, or reduce environmental impacts. These technologies help prevent or mitigate pollution; manage or reduce waste streams; remediate contaminated sites; design, develop & operate environmental infrastructure; and deliver environmental resources.

Solutions segment is expected to dominate the environmental technology market during 2021-2026

By component, the solutions segment is estimated to be USD 471.4 billion in 2021 and is projected to reach USD 586.7 billion by 2026, at a CAGR of 4.5% during the forecast period. The solutions segment dominated the global environmental technology market in 2020 due to the rising awareness regarding the increased carbon footprint.

Energy source for power generation and fuel segment is expected to dominate the environmental technology market, by application, during the forecast period

By application, the energy source for power generation & fuel segment is projected to lead the market during the forecast period due 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.

Asia Pacific is expected to dominate the environmental technology market during 2021-2026

Asia Pacific was the largest market for environmental technology in 2020. It is the largest crude oil importing region globally. 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.

Research Coverage:

The report defines, segments, and projects the environmental technology market based on, component, technological solutions, application, vertical, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It analyzes competitive developments, such as expansions, joint ventures, mergers, acquisitions, agreements, collaborations, product launches, and partnerships, undertaken by the players in the market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increased Awareness of the Global Water Crisis

5.2.1.2 Growing Awareness on Pollution Monitoring

5.2.1.3 Stringent Regulations on Climate Pollution Control in Major Economies

5.2.2 Restraints

5.2.2.1 High Up-Front Costs of Environmental Technologies

5.2.2.2 Lack of Skilled Workforce for Complex Technologies

5.2.3 Opportunities

5.2.3.1 Growing Significance of Eco-Friendly Data Center Solutions

5.2.3.2 Development of Advanced Components to Treat Effluents in the Oil & Gas Industry

5.2.3.3 Growing Demand for Environmental Technology Solutions in Emerging Countries

5.2.4 Challenge

5.2.4.1 Inconsistencies in Government Regulations in Many Countries

5.3 COVID-19-Driven Market Dynamics

5.3.4 Cumulative Impact of COVID-19 on Environmental Technology Market

5.4 Porter’s Five Forces Analysis

5.5 Trends and Disruptions in Technology

5.6 Tariff Policies & Regulations

5.7 EU Plastic Waste Tax

5.8 Water Treatment Policy and Regulations

5.9 Regulations for Air Pollution Monitoring and Control

5.10 Value Chain Analysis

5.11 Case Study Analysis

5.12 Trade Analysis

5.13 Patent Analysis

6 Environmental Technology Market, by Component

7 Environmental Technology Market, by Application

8 Environmental Technology Market, by Technological Solutions

9 Environmental Technology Market, by Vertical

10 Environmental Technology Market, by Region

11 Competitive Landscape

12 Company Profiles

  • Abatement Technologies

  • Aecom

  • Arcadis N.V.

  • Bactech Inc.

  • C-Capture

  • Carbon Clean

  • Carbon Engineering (Ce)

  • Carboncure Technologies Inc.

  • Climeworks

  • Covanta Holding Corporation

  • Cypher Environmental

  • Ecomed Services

  • Engie Impact

  • Gem Enviro Management Pvt. Ltd

  • Geo-Cleanse International, Inc.

  • Hitachi Zosen Corporation

  • Intelex

  • Isometrix

  • Ivey International Inc.

  • Lennox International

  • Pycno

  • Recycle Track Systems

  • Recycling Technologies

  • Recyglo

  • Rekosistem

  • Remondis Se & Co. Kg

  • Saahas Zero Waste

  • Skrap

  • Suez

  • Sunfire GmbH

  • Svante Inc.

  • Tandem Technical

  • Taranis

  • Teledyne Technologies Incorporated

  • Thermax Ltd.

  • Thermo Fisher Scientific Inc.

  • Total S.A.

  • Trace Genomics

  • TRC Companies, Inc.

  • Unbound Chemicals

  • Veolia

  • Vital Waste

  • Waste Connections

  • Xylem, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/aail2m

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210726005289/en/

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