The environmental technology market was valued at $0.7 trillion in 2022 and is estimated to reach $1,204.40 billion by 2032, exhibiting a CAGR of 5.1% from 2023 to 2032.
Environmental Technology is the application of one or more of environmental science, green chemistry, environmental monitoring and electronic devices to monitor, model and conserve the natural environment and resource. Environmental technology includes the application of environmental sciences for the development of new technologies to monitor, conserve, or reduce environmental impacts. These technologies help prevent or mitigate pollution, manage or reduce waste streams, remediate contaminated sites, design, develop & operate environmental infrastructure and deliver environmental resources.
Technological advancements are a key trend that gains popularity in the environmental technology industry. For instance, Carbon Clean supplies cost-effective industrial carbon capture solutions for essential hard-to-abate industries like energy. A radical shift in industrial carbon capture, driven by a new generation of standardized, fully modular, compact carbon capture units that will be prefabricated and mass produced – overcoming the cost and space concerns that have been barriers to deployment.
Carbon Clean fully modular technology, CycloneCC, can reduce the cost of carbon capture by up to 50% and has a 50% smaller footprint compared to traditional carbon capture units. The Inflation Reduction Act (IRA) is driving enormous demand for industrial carbon capture and has already resulted in a dramatic spike in U.S. enquiries for Carbon Clean – up by over 64% since the passage of the IRA in August 2022.
The environmental technology market scope is segmented into component, application, consumer/vertical and region. On the basis of component, it is bifurcated into solutions and services. On the basis of application, the market is classified into water purification management, wastewater treatment, solid waste management, environmental monitoring and others. On the basis of consumer/vertical, the market is divided into residential, industrial and municipal. Region wise, the environment technology market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the fastest growing region in the global environmental technology market forecast. The region accounts for the largest environment technology market share, primarily due to the concentration of many global industries. Some of the largest industrializing countries, such as India, China, and Vietnam, and industrialized countries, such as South Korea and Japan, are located in the region. The haphazard industrialization in Asia-Pacific countries has led to various problems such as groundwater pollution, poor urban air quality, and untreated discharge of sewage into water bodies. It has led to massive environmental degradation, particularly in Indonesia, India, and China. The adoption of environmental technologies grows in the Asia-Pacific region to address these acute environmental problems. Asia-Pacific is expected to retain the largest share of the global environmental technology market in the upcoming years. The major companies profiled in this report include AECOM, Clean Harbors Inc., Covanta Holding Corporation, Ecolab Inc., Engie Impact, IDEX Corporation, Suez, Veolia, Waste Management and Xylem.

KEY BENEFITS FOR STAKEHOLDERS
-This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the environmental technology market analysis from 2022 to 2032 to identify the prevailing environmental technology market opportunities.
-The market research is offered along with information related to key drivers, restraints, and opportunities.
-Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
-In-depth analysis of the environmental technology market size segmentation assists to determine the prevailing market opportunities.
-Major countries in each region are mapped according to their revenue contribution to the global environment technology market.
-Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
-The report includes the analysis of the regional as well as global environmental technology market trends, key players, market segments, application areas, and market growth strategies.

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KEY MARKET SEGMENTS
By Component
- Services
- Solutions
- Technological Solutions
- Waste Valorization
- Greentech
- Bioremediation
- CCUS
- Others

By Application
- Wastewater Treatment
- Water Purification Management
- Environmental Monitoring
- Solid Waste Management
- Others
By Consumer
- Residential
- Municipal
- Industrial

By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Key Market Players
- AECOM
- Ecolab Inc.
- Engie Impact
- Clean Harbors Inc.
- Covanta Holding Corporation
- Xylem
- Suez
- IDEX Corporation
- Veolia
- Waste Management