Table of Content

1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.1.1 COMPETITIVE INTELLIGENCE 33
1.2 MARKET DEFINITION 33
1.3 ENVIRONMENTAL TECHNOLOGY MARKET, BY TECHNOLOGICAL SOLUTIONS: INCLUSIONS & EXCLUSIONS 34
1.4 ENVIRONMENTAL TECHNOLOGY MARKET, BY COMPONENT: INCLUSIONS & EXCLUSIONS 34
1.5 ENVIRONMENTAL TECHNOLOGY MARKET, BY VERTICAL: INCLUSIONS & EXCLUSIONS 35
1.6 MARKET SCOPE 36
FIGURE 1 ENVIRONMENTAL TECHNOLOGY MARKET SEGMENTATION 36
1.6.1 GEOGRAPHIC SCOPE 37
1.6.2 YEARS CONSIDERED FOR THE STUDY 37
1.7 CURRENCY 37
1.8 STAKEHOLDERS 38
1.9 RESEARCH LIMITATIONS 38
2 RESEARCH METHODOLOGY 39
2.1 RESEARCH DATA 39
FIGURE 2 ENVIRONMENTAL TECHNOLOGY MARKET: RESEARCH DESIGN 39
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 40
FIGURE 3 DATA TRIANGULATION METHODOLOGY 40
2.2.1 SECONDARY DATA 41
2.2.1.1 Key data from secondary sources 41
2.2.2 PRIMARY DATA 41
2.2.2.1 Key data from primary sources 42
2.2.2.2 Breakdown of primaries 42
2.3 SCOPE 43
2.4 IMPACT OF COVID-19 ON ENVIRONMENTAL TECHNOLOGY MARKET 44
2.5 MARKET SIZE ESTIMATION 44
2.5.1 BOTTOM-UP APPROACH 44
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 44
2.5.2 TOP-DOWN APPROACH 45
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 45
2.5.3 DEMAND-SIDE ANALYSIS 46
2.5.3.1 Main metrics considered while analyzing and assessing demand for environmental technologies 46
2.5.3.2 Demand-side calculation 46
2.5.3.3 Assumptions for demand-side 47
3 EXECUTIVE SUMMARY 48
TABLE 1 ENVIRONMENTAL TECHNOLOGY MARKET SNAPSHOT (2021 VS. 2026) 49
FIGURE 7 SOLUTIONS SEGMENT PROJECTED TO DOMINATE THE MARKET
FROM 2021 TO 2026 50
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE OPPORTUNITIES IN THE ENVIRONMENTAL TECHNOLOGY MARKET 53
FIGURE 9 INCREASING USE OF ENVIRONMENTAL TECHNOLOGY IN WASTEWATER TREATMENT EXPECTED TO DRIVE THE MARKET 53
4.2 ENVIRONMENTAL TECHNOLOGY MARKET, BY REGION 53
FIGURE 10 ASIA PACIFIC PROJECTED TO LEAD THE ENVIRONMENTAL TECHNOLOGY MARKET FROM 2021 TO 2026 53
4.3 ENVIRONMENTAL TECHNOLOGY MARKET, BY COMPONENT AND COUNTRY 54
FIGURE 11 SOLUTIONS SEGMENT AND CHINA ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET IN ASIA PACIFIC IN 2021 54
4.4 ENVIRONMENTAL TECHNOLOGY MARKET, BY COMPONENT 54
FIGURE 12 SOLUTIONS SEGMENT IS EXPECTED TO DOMINATE MARKET IN 2021 54
4.5 ENVIRONMENTAL TECHNOLOGY MARKET, BY APPLICATION 55
FIGURE 13 POWER GENERATION & FUEL SEGMENT IS EXPECTED TO DOMINATE THE MARKET FORM 2021-2026 55
4.6 ENVIRONMENTAL TECHNOLOGY MARKET, BY TECHNOLOGICAL SOLUTIONS 56
FIGURE 14 WASTE VALORIZATION/RECYCLING & COMPOSTING SEGMENT IS EXPECTED TO DOMINATE THE MARKET IN 2021 56
4.7 ENVIRONMENTAL TECHNOLOGY MARKET, BY VERTICAL 57
FIGURE 15 INDUSTRIAL SEGMENT EXPECTED TO DOMINATE THE MARKET
FROM 2021-2026 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
FIGURE 16 ENVIRONMENTAL TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 59
5.2.1.1 Increased awareness of the global water crisis 59
5.2.1.2 Growing awareness on pollution monitoring 59
TABLE 2 WORLD’S MOST POLLUTED CITIES 2020 (PM2.5) 60
5.2.1.3 Stringent regulations on climate pollution control in major economies 60
TABLE 3 CONTAMINANTS’ CONCENTRATION IN SOIL, RUNOFF, AND GROUNDWATER 61
5.2.2 RESTRAINTS 62
5.2.2.1 High up-front costs of environmental technologies 62
5.2.2.2 Lack of skilled workforce for complex technologies 62
5.2.3 OPPORTUNITIES 63
5.2.3.1 Growing significance of eco-friendly data center solutions 63
TABLE 4 PUE CONSUMPTION IN DIFFERENT DATACENTERS 63
5.2.3.2 Development of advanced components to treat effluents in the oil & gas industry 63
5.2.3.3 Growing demand for environmental technology solutions in emerging countries 64
5.2.4 CHALLENGE 64
5.2.4.1 Inconsistencies in government regulations in many countries 64
5.3 COVID-19-DRIVEN MARKET DYNAMICS 65
5.3.1 INTRODUCTION 65
FIGURE 17 DRIVERS AND CHALLENGE FOR THE ENVIRONMENTAL TECHNOLOGY MARKET 65
5.3.2 DRIVERS 65
5.3.2.1 Increased awareness regarding air pollution 65
5.3.2.2 Growing concerns related to water purification management 66
5.3.3 CHALLENGE 67
5.3.3.1 Short-term decline in demand from oil & gas industry 67
5.3.4 CUMULATIVE IMPACT OF COVID-19 ON ENVIRONMENTAL TECHNOLOGY MARKET 67
5.4 PORTER’S FIVE FORCES ANALYSIS 68
FIGURE 18 PORTER’S FIVE FORCES ANALYSIS FOR ENVIRONMENTAL
TECHNOLOGY MARKET 68
TABLE 5 ENVIRONMENTAL TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS 68
5.4.1 THREAT OF SUBSTITUTES 69
5.4.2 BARGAINING POWER OF SUPPLIERS 69
5.4.3 BARGAINING POWER OF BUYERS 69
5.4.4 THREAT OF NEW ENTRANTS 69
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 69
5.5 TRENDS AND DISRUPTIONS IN TECHNOLOGY 70
5.5.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR ENVIRONMENTAL TECHNOLOGY PROVIDERS 70
FIGURE 19 REVENUE SHIFT FOR ENVIRONMENTAL TECHNOLOGY MARKET 70
FIGURE 20 ECOSYSTEM/MARKET MAP: ENVIRONMENTAL TECHNOLOGY MARKET 71
FIGURE 21 ECOSYSTEM/MARKET MAP: PHOTOVOLTAICS MARKET 71
5.6 TARIFF POLICIES & REGULATIONS 72
5.6.1 CARBON TAX 72
5.6.2 CARBON TAX IN EUROPEAN UNION 72
5.6.3 CARBON TAX IN IRELAND 72
5.6.4 CARBON TAX IN AUSTRALIA 72
5.6.5 CARBON TAX IN FINLAND AND SWEDEN 72
5.7 EU PLASTIC WASTE TAX 73
5.8 WATER TREATMENT POLICY AND REGULATIONS 73
5.8.1 CLEAN WATER ACT (CWA) 73
5.8.2 SAFE DRINKING WATER ACT (SDWA) 73
5.8.3 THE URBAN WASTEWATER TREATMENT DIRECTIVE (1991) 74
5.8.4 THE DRINKING WATER DIRECTIVE (1998) 74
5.8.5 THE WATER FRAMEWORK DIRECTIVE (2000) 74
5.8.6 ENVIRONMENTAL PROTECTION LAW (EPL) 74
5.8.7 THE WATER RESOURCES LAW 74
5.8.8 WATER POLLUTION PREVENTION & CONTROL LAW (WPL) 74
5.8.9 WATER PREVENTION AND CONTROL OF POLLUTION ACT, 1974 74
5.8.10 WATER POLLUTION CONTROL LAW, 1971 75
5.9 REGULATIONS FOR AIR POLLUTION MONITORING AND CONTROL 75
5.10 VALUE CHAIN ANALYSIS 76
FIGURE 22 VALUE CHAIN ANALYSIS FOR PHOTOVOLTAICS MARKET 76
5.11 CASE STUDY ANALYSIS 76
5.11.1 CASE STUDY BY THERMAX GLOBAL 76
5.11.1.1 Fluoride Removal Using Tulsion TFR-93, February 2021 76
5.11.1.2 Tulsion Resins for Ultra-Pure Water in Solar Cell Manufacturing, February 2021 77
5.12 TRADE ANALYSIS 78
TABLE 6 CHEMICAL EXPORTS: BY COUNTRY, 2019 & 2020 (USD BILLION) 78
TABLE 7 CHEMICAL IMPORTS: BY COUNTRY, 2019 & 2020 (USD BILLION) 79
5.13 PATENT ANALYSIS 80
5.13.1 METHODOLOGY 80
FIGURE 23 NUMBER OF GRANTED VS. TOTAL PATENT APPLICATION ON ENVIRONMENTAL TECHNOLOGY 80
FIGURE 24 PUBLICATION TRENDS - LAST 10 YEARS 81
5.13.2 INSIGHTS 81
5.13.3 TOP COMPANIES/APPLICANTS 81
FIGURE 25 TOP 5 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS 81
5.13.4 PATENTS PUBLISHED 82
6 ENVIRONMENTAL TECHNOLOGY MARKET, BY COMPONENT 83
6.1 INTRODUCTION 84
FIGURE 26 SERVICES SEGMENT EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD 84
TABLE 8 ENVIRONMENTAL TECHNOLOGY MARKET, BY COMPONENT,
2019–2026 (USD BILLION) 84
6.2 SOLUTIONS 85
6.2.1 RISING AWARENESS REGARDING THE CARBON FOOTPRINT MANAGEMENT EXPECTED TO DRIVE THIS SEGMENT 85
6.2.2 SOLUTIONS: COVID-19 IMPACT 85
TABLE 9 ENVIRONMENTAL TECHNOLOGY SOLUTIONS MARKET, BY REGION,
2019–2026 (USD BILLION) 85
6.3 SERVICES 86
6.3.1 RISING CHALLENGE OF RESOURCE SCARCITY IS DRIVING THE GROWTH OF THE ENVIRONMENTAL TECHNOLOGY SERVICES AROUND THE WORLD 86
TABLE 10 TYPE OF WATER AND SOIL CONTAMINANTS 86
6.3.2 SERVICES: COVID-19 IMPACT 86
TABLE 11 ENVIRONMENTAL TECHNOLOGY SERVICES MARKET, BY REGION,
2019–2026 (USD BILLION) 87
TABLE 12 ENVIRONMENTAL TECHNOLOGY SERVICES MARKET, BY TYPE,
2019–2026 (USD BILLION) 87
6.3.3 WATER & WASTEWATER MANAGEMENT SERVICES 88
6.3.3.1 Growing concerns regarding high wastewater discharge into waterways is expected to fuel the growth of this segment 88
TABLE 13 WATER & WASTEWATER MANAGEMENT SERVICES MARKET, BY REGION, 2019–2026 (USD BILLION) 88
6.3.4 RESOURCE RECOVERY 89
6.3.4.1 North America is expected to lead this segment during the
forecast period 89
TABLE 14 RESOURCE RECOVERY SERVICES MARKET, BY REGION,
2019–2026 (USD BILLION) 89
6.3.5 CONSULTING & ENGINEERING 90
6.3.5.1 Growing urbanization and rising industrialization is driving the growth 90
TABLE 15 CONSULTING & ENGINEERING SERVICES MARKET, BY REGION,
2019–2026 (USD BILLION) 90
6.3.6 INDUSTRIAL REMEDIATION SERVICES 90
6.3.6.1 High demand for clean waste oil and other refinery chemicals is driving this segment 90
TABLE 16 INDUSTRIAL REMEDIATION SERVICES MARKET, BY REGION,
2019–2026 (USD BILLION) 91
6.3.7 WATER UTILITY SERVICES 91
6.3.7.1 High demand from areas experiencing stressed water supplies/water scarcity drive this segment 91
TABLE 17 WATER UTILITY SERVICES MARKET, BY REGION, 2019–2026 (USD BILLION) 91
7 ENVIRONMENTAL TECHNOLOGY MARKET, BY APPLICATION 93
7.1 INTRODUCTION 94
FIGURE 27 POWER GENERATION & FUEL SEGMENT EXPECTED TO DOMINATE THE MARKET DURING FORECAST PERIOD 94
TABLE 18 ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY APPLICATION,
2019-2026 (USD BILLION) 94
7.2 POWER GENERATION & FUEL 95
7.2.1 NORTH AMERICA IS THE LEADING MARKET FOR ENVIRONMENTAL TECHNOLOGIES IN THIS SEGMENT 95
TABLE 19 ENVIRONMENTAL TECHNOLOGY MARKET IN POWER GENERATION & FUEL,
BY REGION, 2019-2026 (USD BILLION) 95
7.2.2 POWER GENERATION & FUEL: COVID-19 IMPACT 96
7.3 SOLID WASTE TREATMENT 96
7.3.1 INCREASING URBAN POPULATION AND RAPID INDUSTRIALIZATION IS CREATING OPPORTUNITY FOR THE GROWTH OF THIS APPLICATION 96
TABLE 20 ENVIRONMENTAL TECHNOLOGY MARKET IN SOLID WASTE TREATMENT,
BY REGION, 2019–2026 (USD BILLION) 96
7.3.2 SOLID WASTE TREATMENT: COVID-19 IMPACT 97
7.4 POLLUTION MONITORING 97
7.4.1 SUPPORTIVE GOVERNMENT REGULATIONS FOR AIR POLLUTION MONITORING IS DRIVING THIS SEGMENT 97
TABLE 21 ENVIRONMENTAL TECHNOLOGY MARKET IN POLLUTION MONITORING,
BY REGION, 2019-2026 (USD BILLION) 98
7.4.2 POLLUTION MONITORING: COVID-19 IMPACT 98
7.5 WASTEWATER TREATMENT 99
7.5.1 STRINGENT POLICIES REGARDING THE SAFE DISCHARGE OF WASTEWATER IS EXPECTED TO BOOST THE SEGMENT 99
TABLE 22 ENVIRONMENTAL TECHNOLOGY MARKET IN WASTEWATER TREATMENT,
BY REGION, 2019-2026 (USD BILLION) 100
7.5.2 WASTEWATER TREATMENT: COVID-19 IMPACT 100
7.6 WATER PURIFICATION MANAGEMENT 101
7.6.1 THE DEVELOPMENT OF WATER PURIFICATION TECHNOLOGY IS EXPECTED TO DRIVE THIS SEGMENT 101
TABLE 23 ENVIRONMENTAL TECHNOLOGY MARKET IN WATER PURIFICATION MANAGEMENT, BY REGION, 2019-2026 (USD BILLION) 101
7.6.2 WATER PURIFICATION MANAGEMENT: COVID-19 IMPACT 101
7.7 SEWAGE TREATMENT 102
7.7.1 RISING AWARENESS REGARDING BIOENERGY PRODUCTION FROM SLUDGE IS FUELLING THE GROWTH OF THIS SEGMENT 102
TABLE 24 ENVIRONMENTAL TECHNOLOGY MARKET IN SEWAGE TREATMENT, BY REGION, 2019-2026 (USD BILLION) 103
7.7.2 SEWAGE TREATMENT: COVID-19 IMPACT 103
7.8 PRECISION COOLING 103
7.8.1 INNOVATIVE COOLING SOLUTIONS IN HYPER-SCALE DATA CENTERS (HDCS) PROJECTED TO FUEL THE GROWTH OF THIS APPLICATION 103
TABLE 25 ENVIRONMENTAL TECHNOLOGY MARKET IN PRECISION COOLING,
BY REGION, 2019-2026 (USD BILLION) 104
7.8.2 PRECISION COOLING: COVID-19 IMPACT 104
7.9 DUST EMISSIONS 104
7.9.1 GROWING APPLICATION FROM THE INDUSTRIAL SECTOR IS DRIVING SEGMENT 104
TABLE 26 ENVIRONMENTAL TECHNOLOGY MARKET IN DUST EMISSIONS, BY REGION, 2019–2026 (USD BILLION) 105
7.9.2 DUST EMISSIONS: COVID-19 IMPACT 105
7.10 DRY STREAMING 105
7.10.1 DRY STREAMING TECHNOLOGY IS USED TO PRODUCE GEOTHERMAL ENERGY 105
TABLE 27 ENVIRONMENTAL TECHNOLOGY MARKET IN DRY STREAMING, BY REGION, 2019–2026 (USD BILLION) 106
7.10.2 DRY STREAMING: COVID-19 IMPACT 106
7.11 GAS DISSOLUTION 106
7.11.1 GROWING WATER TREATMENT INDUSTRY IS PROPELLING THIS SEGMENT 106
TABLE 28 ENVIRONMENTAL TECHNOLOGY MARKET IN GAS DISSOLUTION, BY REGION, 2019–2026 (USD BILLION) 107
7.11.2 GAS DISSOLUTION: COVID-19 IMPACT 107
7.12 OTHERS 107
TABLE 29 ENVIRONMENTAL TECHNOLOGY MARKET IN OTHER APPLICATIONS,
BY REGION, 2019-2026 (USD BILLION) 107
8 ENVIRONMENTAL TECHNOLOGY MARKET, BY TECHNOLOGICAL SOLUTIONS 108
8.1 INTRODUCTION 109
FIGURE 28 WASTE VALORIZATION/RECYCLING & COMPOSTING LEAD THE ENVIRONMENTAL TECHNOLOGY MARKET IN 2021 109
TABLE 30 ENVIRONMENTAL TECHNOLOGY MARKET, BY TECHNOLOGICAL SOLUTIONS, 2019-2026 (USD BILLION) 109
TABLE 31 GREENTECH/RENEWABLE ENERGY MARKET, BY TYPE,
2019-2026 (USD BILLION) 110
TABLE 32 WASTE VALORIZATION/RECYCLING & COMPOSTING MARKET, BY TYPE, 2019-2026 (USD BILLION) 110
8.2 WASTE VALORIZATION/RECYCLING & COMPOSTING 110
8.2.1 AN INCREASE IN WASTE GENERATION AND ITS GROWING ROLE IN THE FIELDS OF ELECTRICITY AND HEAT GENERATION IS EXPECTED TO DRIVE THIS SEGMENT 110
TABLE 33 WASTE VALORIZATION/RECYCLING & COMPOSTING MARKET, BY REGION, 2019-2026 (USD BILLION) 111
TABLE 34 RECYCLING & UPCYCLING MARKET, BY REGION, 2019-2026 (USD BILLION) 111
TABLE 35 COMPOSTING MARKET, BY REGION, 2019-2026 (USD BILLION) 111
8.2.2 WASTE VALORIZATION/RECYCLING & COMPOSTING: COVID-19 IMPACT 112
8.3 NUCLEAR ENERGY 112
8.3.1 THE RISING DEMAND TO REACH NET-ZERO CO2 EMISSIONS IS EXPECTED TO FUEL THIS SEGMENT 112
TABLE 36 NUCLEAR ENERGY MARKET, BY REGION, 2019-2026 (USD BILLION) 112
8.3.2 NUCLEAR ENERGY: COVID-19 IMPACT 113
8.4 DATA CENTER COOLING 113
8.4.1 THE GROWING IMPORTANCE OF ECO-FRIENDLY DATA CENTER SOLUTIONS IS EXPECTED TO BOOST THE SEGMENT 113
TABLE 37 DATA CENTER COOLING MARKET, BY REGION, 2019-2026 (USD BILLION) 114
8.4.2 DATA CENTER COOLING: COVID-19 IMPACT 114
8.5 DESALINATION 114
8.5.1 LACK OF ACCESS TO FRESH WATER IS EXPECTED TO DRIVE THIS SEGMENT 114
TABLE 38 DESALINATION MARKET, BY REGION, 2019-2026 (USD BILLION) 115
8.5.2 DESALINATION: COVID-19 IMPACT 115
8.6 GREENTECH/RENEWABLE ENERGY 115
8.6.1 THE INCREASING DEMAND FOR A CARBON-FREE ECONOMY IS EXPECTED TO BOOST THIS SEGMENT 115
TABLE 39 GREENTECH/RENEWABLE ENERGY MARKET, BY TYPE,
2019-2026 (USD BILLION) 115
TABLE 40 GREENTECH/RENEWABLE ENERGY MARKET, BY REGION,
2019-2026 (USD BILLION) 116
8.6.2 GREENTECH/RENEWABLE ENERGY: COVID-19 IMPACT 116
?
8.7 PHOTOVOLTAICS 116
8.7.1 THE INCREASING DEMAND FOR RENEWABLE ENERGY SOURCES DUE TO THE RISE IN POPULATION IS EXPECTED TO DRIVE THIS SEGMENT 116
TABLE 41 PHOTOVOLTAICS MARKET, BY REGION, 2019-2026 (USD BILLION) 117
8.7.2 PHOTOVOLTAICS: COVID-19 IMPACT 117
8.8 WIND ENERGY 117
8.8.1 THE INCREASING DEMAND FOR SUSTAINABLE ENERGY SOURCES IS EXPECTED TO BOOST THE SEGMENT 117
TABLE 42 WIND ENERGY MARKET, BY REGION, 2019-2026 (USD BILLION) 118
8.8.2 COVID-19 IMPACT ON WIND ENERGY 118
8.9 GEOTHERMAL POWER 118
8.9.1 THE INCREASING DEMAND FOR SUSTAINABLE ENERGY SOURCES IS EXPECTED TO DRIVE THE SEGMENT 118
TABLE 43 GEOTHERMAL POWER MARKET, BY REGION, 2019-2026 (USD BILLION) 118
8.9.2 COVID-19 IMPACT ON GEOTHERMAL ENERGY 119
8.10 CARBON CAPTURE, UTILIZATION & STORAGE (CCUS) 119
8.10.1 THE RISING DEMAND TO REACH NET-ZERO CO2 EMISSIONS IS EXPECTED TO FUEL THIS SEGMENT 119
TABLE 44 CCUS MARKET, BY REGION, 2019-2026 (USD BILLION) 119
8.10.2 CCUS: COVID-19 IMPACT 120
8.11 BIOREMEDIATION 120
8.11.1 LIMITED AVAILABILITY OF LANDFILLS DUE TO INCREASING POPULATION IS EXPECTED TO FUEL THIS SEGMENT 120
TABLE 45 BIOREMEDIATION MARKET, BY REGION, 2019-2026 (USD BILLION) 120
8.11.2 BIOREMEDIATION: COVID-19 IMPACT 120
8.12 GREEN HYDROGEN 121
8.12.1 THE USE OF GREEN HYDROGEN AS A MULTI-FUNCTIONAL GAS IS
EXPECTED TO BOOST THIS SEGMENT 121
TABLE 46 GREEN HYDROGEN MARKET, BY REGION, 2019-2026 (USD BILLION) 121
8.12.2 GREEN HYDROGEN: COVID-19 IMPACT 121
8.13 OTHERS 121
TABLE 47 OTHERS MARKET, BY REGION, 2019-2026 (USD BILLION) 122
9 ENVIRONMENTAL TECHNOLOGY MARKET, BY VERTICAL 123
9.1 INTRODUCTION 124
FIGURE 29 THE INDUSTRIAL SEGMENT IS EXPECTED TO DOMINATE THE ENVIRONMENTAL TECHNOLOGY MARKET DURING THE FORECAST PERIOD 124
TABLE 48 ENVIRONMENTAL TECHNOLOGY MARKET, BY VERTICAL, 2019–2026 (USD BILLION) 124
9.2 RESIDENTIAL/MUNICIPAL 125
9.2.1 RAPID URBANIZATION AND POPULATION GROWTH HAVE INCREASED THE DEMAND FOR WASTE AND WASTEWATER TREATMENT IN THIS SEGMENT 125
TABLE 49 ENVIRONMENTAL TECHNOLOGY MARKET FOR RESIDENTIAL/MUNICIPAL,
BY REGION, 2019–2026 (USD BILLION) 125
9.2.2 RESIDENTIAL: COVID-19 IMPACT 126
9.3 INDUSTRIAL 126
9.3.1 INDUSTRIAL AND ECONOMIC GROWTH IN EMERGING COUNTRIES IS EXPECTED TO FUEL THIS SEGMENT 126
TABLE 50 ENVIRONMENTAL TECHNOLOGY MARKET FOR INDUSTRIAL, BY REGION, 2019–2026 (USD BILLION) 126
TABLE 51 ENVIRONMENTAL TECHNOLOGY MARKET FOR INDUSTRIAL, BY TYPE,
2019–2026 (USD BILLION) 127
9.3.2 INDUSTRIAL: COVID-19 IMPACT 127
9.3.3 POWER, ENERGY & UTILITIES 128
9.3.3.1 Need for water treatment and air treatment solutions & services driving this segment 128
TABLE 52 ENVIRONMENTAL TECHNOLOGY MARKET FOR POWER, ENERGY & UTILITIES INDUSTRY, BY REGION, 2019–2026 (USD BILLION) 128
9.3.3.2 Power, Energy & Utilities: Covid-19 Impact 129
9.3.4 TRANSPORTATION & LOGISTICS 129
9.3.4.1 The outbreak of the COVID-19 pandemic adversely affected this segment 129
TABLE 53 ENVIRONMENTAL TECHNOLOGY MARKET IN TRANSPORTATION & LOGISTICS INDUSTRY, BY REGION, 2019–2026 (USD BILLION) 130
9.3.4.2 Transportation & Logistics: Covid-19 Impact 130
9.3.5 OIL & GAS 130
9.3.5.1 Growing demand for Remediation technologies in the oil & gas industry is driving the market growth 130
TABLE 54 ENVIRONMENTAL TECHNOLOGY MARKET FOR OIL & GAS INDUSTRY,
BY REGION, 2019–2026 (USD BILLION) 131
9.3.5.2 Oil & Gas: Covid-19 Impact 131
9.3.6 AGRICULTURE 132
9.3.6.1 Rising need to remove pollutants create lucrative growth opportunities for the environmental technology market 132
TABLE 55 ENVIRONMENTAL TECHNOLOGY MARKET FOR AGRICULTURE INDUSTRY,
BY REGION, 2019–2026 (USD BILLION) 132
9.3.6.2 Agriculture Industry: Covid-19 Impact 132
9.3.7 MANUFACTURING 133
9.3.7.1 Demand for eco-friendly industrialization expected to drive market growth 133
TABLE 56 ENVIRONMENTAL TECHNOLOGY MARKET FOR MANUFACTURING INDUSTRY, BY REGION, 2019–2026 (USD BILLION) 133
9.3.7.2 Manufacturing Industry: Covid-19 Impact 133
9.3.8 CONSTRUCTION & BUILDING MATERIALS 134
9.3.8.1 Need for environmental assessment expected to drive market growth 134
TABLE 57 ENVIRONMENTAL TECHNOLOGY MARKET FOR CONSTRUCTION & BUILDING MATERIALS INDUSTRY, BY REGION, 2019–2026 (USD BILLION) 134
9.3.8.2 Construction & Building Materials Industry: Covid-19 Impact 135
9.3.9 RETAIL & CONSUMER GOODS 135
9.3.9.1 The use of renewable energy is projected to drive this segment 135
TABLE 58 ENVIRONMENTAL TECHNOLOGY MARKET FOR RETAIL & CONSUMER GOODS INDUSTRY, BY REGION, 2019–2026 (USD BILLION) 136
9.3.9.2 Retail & Consumer Goods Industry: Covid-19 Impact 136
9.3.10 GOVERNMENT & DEFENSE 136
9.3.10.1 Stringent regulations imposed by governments is driving the market 136
TABLE 59 ENVIRONMENTAL TECHNOLOGY MARKET FOR GOVERNMENT & DEFENSE INDUSTRY, BY REGION, 2019–2026 (USD BILLION) 137
9.3.10.2 Government & Defense Industry: Covid-19 Impact 137
9.3.11 EDUCATION 137
TABLE 60 ENVIRONMENTAL TECHNOLOGY MARKET IN EDUCATION INDUSTRY,
BY REGION, 2019–2026 (USD BILLION) 137
9.3.11.1 Education: Covid-19 Impact 137
9.3.12 OTHERS 138
TABLE 61 ENVIRONMENTAL TECHNOLOGY MARKET FOR OTHER INDUSTRIES,
BY REGION, 2019–2026 (USD BILLION) 138
10 ENVIRONMENTAL TECHNOLOGY MARKET, BY REGION 139
10.1 INTRODUCTION 140
TABLE 62 ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY REGION,
2019–2026 (USD BILLION) 140
10.2 ASIA PACIFIC 140
10.2.1 ASIA PACIFIC ENVIRONMENTAL TECHNOLOGY MARKET DRIVERS 141
10.2.2 ASIA PACIFIC: COVID-19 IMPACT 141
10.2.3 ASIA PACIFIC: REGULATIONS 141
10.2.3.1 Regulations on wastewater treatment & purification and solid waste treatment 141
FIGURE 30 ASIA PACIFIC ENVIRONMENTAL TECHNOLOGY MARKET SNAPSHOT 142
TABLE 63 ASIA PACIFIC: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY COMPONENT, 2019–2026 (USD BILLION) 143
TABLE 64 ASIA PACIFIC: ENVIRONMENTAL TECHNOLOGY SERVICES MARKET SIZE,
BY TYPE, 2019–2026 (USD BILLION) 143
TABLE 65 ASIA PACIFIC: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY TECHNOLOGICAL SOLUTIONS, 2019–2026 (USD BILLION) 143
TABLE 66 ASIA PACIFIC: GREENTECH/RENEWABLE ENERGY TECHNOLOGICAL SOLUTIONS MARKET SIZE, BY TYPE, 2019–2026 (USD BILLION) 144
TABLE 67 ASIA PACIFIC: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY APPLICATION, 2019–2026 (USD BILLION) 144
TABLE 68 ASIA PACIFIC: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY VERTICAL, 2019–2026 (USD BILLION) 144
TABLE 69 ASIA PACIFIC: ENVIRONMENTAL TECHNOLOGY MARKET SIZE
FOR INDUSTRIAL, BY TYPE, 2019–2026 (USD BILLION) 145
TABLE 70 ASIA PACIFIC: ENVIRONMETAL TECHNOLOGY MARKET SIZE, BY COUNTRY, 2019–2026 (USD BILLION) 145
10.2.4 CHINA 146
10.2.4.1 Rising awareness regarding high CO2 emissions in China drive the market 146
TABLE 71 CHINA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY COMPONENT, 2019–2026 (USD BILLION) 146
10.2.4.2 China: Covid-19 Impact 147
10.2.5 JAPAN 147
10.2.5.1 Growth of automotive, electronics, and renewable energy sectors drive the market 147
TABLE 72 JAPAN: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY COMPONENT, 2019–2026 (USD BILLION) 147
10.2.5.2 Japan: Covid-19 Impact 148
10.2.6 AUSTRALIA AND NEW ZEALAND 148
10.2.6.1 Water scarcity is propelling the need for water treatment and reuse, and thereby environmental technologies 148
TABLE 73 AUSTRALIA AND NEW ZEALAND: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY COMPONENT, 2019–2026 (USD BILLION) 148
10.2.6.2 Australia & New Zealand: Covid-19 Impact 149
10.2.7 SINGAPORE 149
10.2.7.1 The rising awareness regarding waste-to-energy plants to spur market growth 149
TABLE 74 SINGAPORE: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY COMPONENT, 2019–2026 (USD BILLION) 149
10.2.7.2 Singapore: Covid-19 Impact 150
10.2.8 REST OF ASIA PACIFIC 150
TABLE 75 REST OF ASIA PACIFIC: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY COMPONENT, 2019–2026 (USD BILLION) 150
10.3 NORTH AMERICA 151
10.3.1 NORTH AMERICA ENVIRONMENTAL TECHNOLOGY MARKET DRIVERS 151
10.3.2 NORTH AMERICA: COVID-19 IMPACT 151
10.3.3 NORTH AMERICA: REGULATIONS 151
10.3.3.1 US: Laws & regulations on wastewater treatment and waste management 151
10.3.3.2 Canada: laws & regulations on air pollution management 152
10.3.3.3 Mexico: general climate change law (LGCC)in Mexico 152
FIGURE 31 NORTH AMERICA ENVIRONMENTAL TECHNOLOGY MARKET SNAPSHOT 153
TABLE 76 NORTH AMERICA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY COMPONENT, 2019–2026 (USD BILLION) 153
TABLE 77 NORTH AMERICA: ENVIRONMENTAL TECHNOLOGY SERVICES MARKET SIZE, BY TYPE, 2019–2026 (USD BILLION) 154
TABLE 78 NORTH AMERICA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY TECHNOLOGICAL SOLUTIONS, 2019–2026 (USD BILLION) 154
TABLE 79 NORTH AMERICA: GREENTECH/RENEWABLE ENERGY TECHNOLOGICAL SOLUTIONS MARKET SIZE, BY TYPE, 2019–2026 (USD BILLION) 154
TABLE 80 NORTH AMERICA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY APPLICATION, 2019–2026 (USD BILLION) 155
TABLE 81 NORTH AMERICA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY VERTICAL, 2019–2026 (USD BILLION) 155
TABLE 82 NORTH AMERICA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE
FOR INDUSTRIAL VERTICAL, BY TYPE, 2019–2026 (USD BILLION) 156
TABLE 83 NORTH AMERICA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY COUNTRY, 2019–2026 (USD BILLION) 156
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10.3.4 US 157
10.3.4.1 High demand for wastewater treatment and waste management is driving the market 157
TABLE 84 US: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY COMPONENT,
2019–2026 (USD BILLION) 157
10.3.4.2 US: Covid 19 Impact 158
10.3.5 CANADA 158
10.3.5.1 Government initiatives for the water treatment sector expected to drive the market 158
TABLE 85 CANADA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY COMPONENT, 2019–2026 (USD BILLION) 159
10.3.5.2 Canada: Covid-19 Impact 159
10.3.6 MEXICO 159
10.3.6.1 Rising demand for clean energy is expected to drive the market 159
TABLE 86 MEXICO: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY COMPONENT, 2019–2026 (USD BILLION) 160
10.3.6.2 Mexico: Covid-19 Impact 160
10.4 EUROPE 160
10.4.1 EUROPE ENVIRONMENTAL TECHNOLOGY MARKET DRIVERS 161
10.4.2 EUROPE: COVID-19 IMPACT 161
10.4.3 EUROPE: REGULATIONS 161
10.4.3.1 Regulation on wastewater treatment 161
10.4.3.1.1 Urban wastewater treatment directive (1991) 161
10.4.3.1.2 The drinking water directive (1998) 161
10.4.3.1.3 The water framework directive (2000) 161
10.4.3.2 Regulation on waste management 162
FIGURE 32 EUROPE ENVIRONMENTAL TECHNOLOGY MARKET SNAPSHOT 163
TABLE 87 EUROPE: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY COMPONENT, 2019–2026 (USD BILLION) 163
TABLE 88 EUROPE: ENVIRONMENTAL TECHNOLOGY SERVICES MARKET SIZE, BY TYPE, 2019–2026 (USD BILLION) 164
TABLE 89 EUROPE: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY TECHNOLOGICAL SOLUTIONS, 2019–2026 (USD BILLION) 164
TABLE 90 EUROPE: GREENTECH/RENEWABLE ENERGY TECHNOLOGICAL SOLUTIONS MARKET SIZE, BY TYPE, 2019–2026 (USD BILLION) 164
TABLE 91 EUROPE: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY APPLICATION, 2019–2026 (USD BILLION) 165
TABLE 92 EUROPE: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY VERTICAL, 2019–2026 (USD BILLION) 165
TABLE 93 EUROPE: ENVIRONMENTAL TECHNOLOGY MARKET FOR INDUSTRIAL, BY TYPE, 2019–2026 (USD BILLION) 166
TABLE 94 EUROPE: ENVIRONMENTAL TECHNOLOGY MARKET, BY COUNTRY, 2019–2026 (USD BILLION) 166
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10.4.4 UK 167
10.4.4.1 High levels of air and water pollution coupled with the rising prevalence of disease drive the market in the UK 167
TABLE 95 UK: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY COMPONENT,
2019–2026 (USD BILLION) 167
10.4.4.2 UK: Covid-19 impact 168
10.4.5 GERMANY 168
10.4.5.1 High demand for waste and wastewater treatment services driving the market 168
TABLE 96 GERMANY: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY COMPONENT, 2019–2026 (USD BILLION) 168
10.4.5.2 Germany: Covid-19 Impact 169
10.4.6 FRANCE 169
10.4.6.1 High demand from the industrial sector is driving the market 169
TABLE 97 FRANCE: ENVIRONMENTAL TECHNOLOGY MARKET SIZE, BY COMPONENT, 2019–2026 (USD BILLION) 170
10.4.6.2 France: Covid-19 Impact 170
10.4.7 REST OF EUROPE 170
TABLE 98 REST OF EUROPE: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY COMPONENT, 2019–2026 (USD BILLION) 171
10.5 MIDDLE EAST & AFRICA 171
10.5.1 MIDDLE EAST & AFRICA ENVIRONMENTAL TECHNOLOGY MARKET DRIVERS 171
10.5.2 MIDDLE EAST & AFRICA: COVID-19 IMPACT 171
10.5.3 MIDDLE EAST & AFRICA: REGULATIONS 172
10.5.3.1 General environmental regulations 172
10.5.3.2 Government investments in Saudi Arabia 172
10.5.3.3 Air pollution regulation in UAE 172
10.5.3.4 Waste regulations in UAE 172
10.5.3.5 Plastic waste regulations in UAE 173
10.5.3.6 Environmental protection in UAE 173
10.5.3.7 Environmental protection laws of South Africa 173
TABLE 99 MIDDLE EAST & AFRICA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY COMPONENT, 2019–2026 (USD BILLION) 173
TABLE 100 MIDDLE EAST & AFRICA: ENVIRONMENTAL TECHNOLOGY SERVICES MARKET SIZE, BY TYPE, 2019–2026 (USD BILLION) 174
TABLE 101 MIDDLE EAST & AFRICA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY TECHNOLOGICAL SOLUTIONS, 2019–2026 (USD BILLION) 174
TABLE 102 MIDDLE EAST & AFRICA: GREENTECH/RENEWABLE ENERGY TECHNOLOGICAL SOLUTIONS MARKET SIZE, BY TYPE,
2019–2026 (USD BILLION) 175
TABLE 103 MIDDLE EAST & AFRICA: ENVIRONMENTAL TECHNOLOGY MARKET SIZE,
BY APPLICATION, 2019–2026 (USD B