Environmental technology, green technology or clean 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 resources, and to curb the negative impacts of human involvement. These technologies aid in the prevention and mitigation of pollution, as well as the management and reduction of waste streams, the remediation of polluted areas, the design, development, and operation of environmental infrastructures, and the delivery of environmental resources.

Detailed Segmentation –

The global environmental technology market is segmented on the basis of – Component, Technological Solutions, Application, End-Use, and Region. Represented below is a detailed segmental description:

Based on Component:

• Solutions
• Services

Based on Technological Solutions:

• Waste Valorization/Recycling & Composting
• Greentech/Renewable Energy (Wind Energy, Photovoltaics, and Geothermal Energy)
• Desalination
• Bioremediation
• Green Hydrogen
• Carbon Capture, Utilization & Storage (CCUS)
• Other Technological Solutions

Based on Application:

• Wastewater Treatment
• Water Purification Management
• Sewage Treatment
• Pollution Monitoring
• Dust Emissions
• Dry Steaming
• Gas Dissolution
• Precision Cooling
• Solid Waste Treatment
• Other Applications

Based on End-Use:

• Residential
• Commercial
• Industrial

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics –

Drivers for the Global Environmental Technology Market:

Water is a natural resource that covers 70% of the earth’s surface. However, only 2.5% of the available freshwater is represented. By 2050, this percentage of fresh water will be needed to serve a population of approx. 9.7 billion people. Water use has surged at a rate more than twice that of global population growth over the last decade, and it is continuing to increase across numerous industries.

Water is increasingly being seen as a precious resource, with a greater emphasis on demand management. Countries that are experiencing water scarcity are employing a variety of measures to address this problem.

According to a UNU-INWEH report, the adoption of the Sustainable Development Goals (SDG) by UN member states in 2015 prompted other countries, such as Canada, to focus on water recycling, wastewater treatment, etc. As a result, new technologies are used to treat water in order to provide safe drinking water. The removal of microbiological contaminants and suspended particles is the goal of several treatment designs.

Technologies such as Reverse Osmosis (RO) and electro dialysis have been developed for use in desalination plants. These are certain factors that will help augment this target market’s revenue growth trajectory in the years to come.

Restraints for the Global Environmental Technology Market:

Noticeable concerns regarding pollution management and rapid industrialization levels are leading emerging countries to steadily focus on environmental protection programs. As a result, new environmental standards are being developed.

However, there is inconsistency in the regulations and policies across various emerging countries with respect to the adoption of environmental technologies and protection equipment. This factor is anticipated to negatively impact this target market over the next decade.

Opportunity for the Global Environmental Technology Market:

The largest wastewater stream (brine) emitted during oil & gas exploration and production is Produced Water (PW). The treatment of oil & gas PW is expected to comply with water quality standards set forth by regulatory organizations, either for discharge/reuse, or to ensure the energy sector’s long-term viability.

The administration of PW has been the focal point of the oil & gas industry because of severe amount of oil & gas PW being released into the climate. Different treatment techniques are being utilized in the oil & gas industry to eliminate considerable levels of poisonous substances from PW, thereby enhancing revenue growth for this target market in the process.

Competitive Landscape –

Key players in this market are –

• AECOM Environmental Technology
• Lennox International Environmental Technology
• Teledyne Technologies Incorporated Environmental Technology
• Abatement Technologies Environmental Technology
• Veolia
• Waste Connections Environmental Technology
• Total SA
• Covanta Holding Corporation Environmental Technology
• SUEZ Environmental Technology
• Hitachi Zosen Corporation
• Carbon Clean
• Cypher Environmental
• Svante Inc.
• CarbonCure Technologies Inc.
• Sunfire GmbH
• BacTech Inc.
• TRC Companies Inc. Environmental Technology
• Arcadis N.V
• others

Key Developments –

• In April 2021, Veolia and SUEZ declared that they have arrived at an arrangement empowering the consolidation of the two groups. It is relied upon to be the city water and strong waste exercises of SUEZ in France, just as the exercises of SUEZ specifically in water in the surrounding topographies: Italy, the Czech Republic, Africa (counting Lydec), Central Asia, India, China, Australia, as well as the global advanced and ecological exercises (SES).
• In December 2020, AECOM partnered with Los Angeles County Sanitation Districts to update its Joint Water Pollution Control Plant (JWPCP) in Carson, California. This association considers AECOM’s obligation to lead in natural, social, and administration (ESG) best practices.

For the Environmental Technology Market research study, the following years have been considered to estimate the market size: