The environmental technology market comprises technologies and services that help reduce environmental pollution and minimize the impact of climate change. It includes waste management technologies, water & wastewater treatment, air pollution control technologies, green building technologies, and sustainable resource management. Growing population and rapid urbanization have increased municipal solid waste and wastewater volumes, imposing strain on existing waste management infrastructure. This has boosted demand for advanced waste segregation, collection, processing, treatment, and monitoring technologies. Additionally, stringent government regulations regarding carbon emissions, air and water pollution control have also propelled the adoption of emission control technologies across industries.

The global environmental technology market is estimated to be valued at US$ 986.81 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the environmental technology market are AECOM, Abetment Technologies, Biffa ltd, CarbonCure Technologies Inc., Covanta Holding Corporation, Ecolab Inc., ENGIE Impact, HDR, Inc., IDEX Corporation, Lennox International, Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc., Veolia, Waste Connections, Xylem. Major players are focusing on developing advanced waste management technologies and emission control solutions. For instance, CarbonCure Technologies Inc. provides carbon capture and utilization technology for the concrete industry.

The Global Environmental Technology Market Trends and pollution control solutions. Rapid economic development and rising living standards in developing nations have increased waste generation. However, inadequate waste treatment facilities in these countries have raised environmental concerns. This has created significant opportunities for environmental technology providers for developing advanced municipal solid waste treatment solutions.

The market is also witnessing increased adoption across developed economies of North America and Europe as well as emerging economies of Asia Pacific and Latin America. Strict environmental norms and carbon emission reduction targets in countries like China, India have boosted adoption. Additionally, initiatives like Smart City developments are also propelling global expansion of environmental technology in urban areas.

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