The global clean technology market size was estimated at USD 916.20 billion in 2024 and is projected to reach USD 1,844.70 billion by 2030, growing at a CAGR of 12.7% from 2025 to 2030. 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, an asset performance management (APM) software-as-a-service (SaaS) provider for renewables. 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 are fueling the market growth. For example, global solar capacity continues to expand, with technological innovations improving efficiency and affordability. Additionally, the rise of hydrogen as a clean energy vector and carbon capture technologies is transforming industrial and energy landscapes. Businesses are increasingly investing in cleantech not only to comply with regulations but also to capture opportunities in the growing demand for sustainable products and services. For instance, in March 2024, Ørsted A/S was selected by the Department of Energy (DOE) Office of Clean Energy Demonstrations to receive up to USD 100 million in federal funding to develop Star e-Methanol, a Power-to-X facility along the Texas Gulf Coast.
Supportive government policies, corporate sustainability commitments, and growing consumer awareness about eco-friendly alternatives further accelerate market adoption. Clean technologies have moved beyond niche solutions, becoming mainstream and reshaping global energy production, transportation, and industrial processes. Leading regions such as North America, Europe, and Asia Pacific are at the forefront of adopting these innovations, particularly in renewable energy and electric mobility. The rise of hydrogen fuel cells, carbon capture, and circular economy practices is also creating fresh growth opportunities. As clean technologies advance, they are expected to play a pivotal role in driving both environmental protection and economic resilience worldwide.
Key Market Trends & Insights
- Asia Pacific dominated the industry with a revenue share of over 50.0% in 2024.
- By type, the renewable energy technologies segment led the market in 2024, accounting for over 62% share of the global revenue.
- By application, the industrial segment dominated the global clean technology market in 2024.
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Market Performance
- 2024 Market Size: USD 916.20 Billion
- 2030 Projected Market Size: USD 1,844.70 Billion
- CAGR (2025–2030): 12.7%
- Asia Pacific: Largest market in 2024
Competitive Landscape
Some key companies in the clean technology industry include GE Vernova, IBM Corporation, Vestas, Canadian Solar, Adani Green Energy Limited, and others.
- Adani Green Energy Limited is a major renewable energy company and subsidiary of the Adani Group. It specializes in developing, owning, and operating utility-scale solar, wind, and hybrid renewable power plants across India. The company integrates advanced technologies such as RFID, GPS, and VR-based training modules to enhance operational efficiency. With a focus on building India’s domestic solar supply chain, the company is reducing reliance on imports by manufacturing ingots, wafers, cells, panels, and polysilicon.
- Canadian Solar focuses on renewable energy and solar technologies, producing photovoltaic modules, battery energy storage systems, and utility-scale energy projects. Operating globally across North America, South America, Europe, Africa, the Middle East, Asia, and Australia, the company is organized into two primary business units: CSI Solar and Recurrent Energy.
Key Companies
- Adani Group
- Canadian Solar
- Enel Spa
- General Electric
- Iberdrola, S.A.
- IBM Corporation
- Jinko Solar
- NextEra Energy Resources, LLC
- Ørsted A/S
- Vestas
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Conclusion
The clean technology market is undergoing rapid transformation, driven by renewable energy adoption, breakthroughs in storage and hydrogen, and strong government support. With Asia Pacific leading global deployment, and key players like Adani, Canadian Solar, and Ørsted investing heavily, the sector is set to deliver significant environmental and economic benefits. By 2030, clean technologies will be central to building a resilient, low-carbon global economy, positioning sustainability as a mainstream growth driver across industries.
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