Clean Technology Market Growth & Trends
The global Clean Technology Market size was estimated at USD 916.20 billion in 2024 and is expected to grow at a CAGR of 12.7% from 2025 to 2030, driven by the urgent need to combat climate change, reduce environmental degradation, and transition to sustainable energy sources. Cleantech encompasses a wide range of innovations, including renewable energy technologies, energy storage, electric vehicles, water treatment, and waste management solutions. For instance, in October 2024, IBM Corporation acquired Prescinto, asset performance management (APM) software-as-a-service (SaaS) for renewables provider. Prescinto leverages AI to deliver analytics, automation, and advanced monitoring, optimizing operations of renewable energy and efficiently managing storage assets and clean energy.
Declining costs of renewable energy sources, such as solar and wind power, advancements in battery storage, and the proliferation of electric vehicles fuel the market growth. For instance, global solar capacity continues to expand, with technological innovations improving efficiency and affordability. Similarly, the rise of hydrogen as a clean energy vector and carbon capture technologies is transforming the industrial and energy landscapes. Businesses are actively investing in Cleantech not only to comply with regulations but also to capitalize on the growing demand for sustainable products and services. For instance, in March 2024, Ørsted A/S has been selected by the Department of Energy (DOE) Office of Clean Energy Demonstrations to start for federal funding of up to USD 100 million to build Star e-Methanol, a Power-to-X facility along the Texas Gulf Coast.
Supportive government policies, corporate sustainability goals, and increasing consumer awareness about the need for eco-friendly alternatives further accelerate the transition. Clean technologies are no longer niche solutions but have become mainstream, reshaping energy production, transportation, and industrial processes. Key regions such as North America, Europe, and Asia Pacific are leading the way in deploying these technologies, particularly in renewable energy projects and electric mobility. The rise of innovative solutions, such as hydrogen fuel cells, carbon capture, and circular economy practices, is opening new opportunities for growth across various sectors. As clean technologies continue to advance, they are expected to play a crucial role in building a sustainable and resilient global economy, fostering both environmental and economic progress.
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Clean Technology Market Report Highlights
- The renewable energy technologies segment led the market in 2024, accounting for over 62% share of the global revenue. Renewable energy technologies are advancing due to cost reductions, innovation, and strong policy support.
- The industrial segment dominated the global clean technology market in 2024. The industrial application segment of the clean technology market is driven by a combination of regulatory pressures, cost efficiencies, technological innovations, and societal demands.
- Asia Pacific dominated the industry with a revenue share of over 50.0% in 2024. Countries such as China, India, Japan, and South Korea are leading the way in adopting renewable energy technologies, supported by ambitious targets to reduce carbon emissions and transition to sustainable energy systems.
Clean Technology Market Segmentation
Grand View Research has segmented the global clean technology market based on type, application, and region:
Type Outlook (Revenue, USD Million, 2017 - 2030)
- Renewable Energy Technologies
- Energy Storage Solutions
- Energy Storage Solutions
- Water and Waste Management
- Agriculture and Food Systems
- Air and Environment Management
Application Outlook (Revenue, USD Million, 2017 - 2030)
- Residential
- Commercial
- Industrial
Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Middle East and Africa
- UAE
- KSA
- South Africa
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