According to a recently published report by Research Nester on “Green Technology Market Segmentation By Application Type (Residential, Commercial and Industrial); By End Use (Mobile Air Conditioning, Air Conditioning Chillers and Unitary Air Conditioning); By Product(HVAC Products, Water Solutions and Others) and Type( Solar Energy, Wing Energy, Hydro-Electric ,Bio-fuels and others) – Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the green technology market in terms of market segmentation by application, by end use, by product , type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global market for the green technology is segmented into the product type, end use type, application type and technology type. Based on the product type, the market is sub-segmented into HVAC products, water solutions and others. Depending on the end use type, the market segmented into mobile air conditioning, air conditioning chillers and unitary air conditioners. Based on application type, it is categorized into residential, commercial and industrial. On the basis of type, the market is segmented into solar energy, wind energy, hydro-electric energy, bio-fuels and others.
The market is anticipated to attain a CAGR of 8.5% during the forecast period owing to rise in energy consumption rate and increasing environmental concerns across the world. The demand for natural refrigerants and green cooling technology for instance, magnetic refrigerants is anticipated to boost the market growth. The HVAC products segment is anticipated to have leading shares on account of significant use of these products for residential as well as non-residential purposes. Recent government initiatives to promote solar and wind energy is projected to foster the growth of green technology market. North America and Europe are anticipated to have leading shares in the market growth owing to regulations and penalties imposed for promoting the use of green technology. The Asia Pacific region is also anticipated to have growing market shares owing to new developments and investments in the region. However, Middle East and Africa region is anticipated to witness slow market growth owing to slow adoption of technology.
Recent technological advancement especially integrating IT solutions with green technology is anticipated to improve the market growth. Additionally, the government rules and regulations imposed on the use of green technology in various sectors coupled with industrial and manufacturing benefits attained by adopting green technology are anticipated to drive the market growth. However, initial installation cost coupled with low return on investments and technical, social drawbacks are expected to operate as a key restraint towards the growth of green technology market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the green technology market which includes company profiling of InvenSor GmbH, DPAC UK Ltd., Taco Inc., AHT cooling system GmbH, GE, Seimens AG, Spruce Finance and Trina Solar Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the green technology market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.