Environmental Technology & Greentech

One of the clean technology industry’s main goals is to increase the world’s energy-efficiency and to make processes more environmentally friendly. The chief industry areas served by this sector include clean city development, smart grid implementation, clean water provision, offshore and onshore wind turbine production, solar photovoltaic cell and module manufacturing, waste management, and green building construction. Thanks to supportive government policies, the green technology sector continues to attract investors across the globe.

Market size

Global investments in climate technology solutions are rising

Investments in energy transition technologies worldwide from 2004 to 2023 (in billion U.S. dollars)

Please wait

Further details: Visit original statistic Investments in energy transition technologies worldwide from 2004 to 2023 (in billion U.S. dollars)

The annual global investment in energy transition technologies has experienced substantial growth since the turn of the century, and exceeded one trillion U.S. dollars for the first time in 2022. The energy transition is the shift from fossil fuels to sustainable energy sources. Clean energy technologies, such as renewable energies, began to emerge roughly two decades ago, and their importance has increased in the face of the growing climate crisis.

Clean tech investments
Clean energy investment annual growth
New investments in renewables worldwide

Market segments

Renewables are the largest sector for investments

Investments in the energy transition worldwide in 2023, by technology (in billion U.S. dollars)

Please wait

Further details: Visit original statistic Investments in the energy transition worldwide in 2023, by technology (in billion U.S. dollars)

There are numerous technologies in the global energy transition market, but the area with the largest share of investments in 2022 was renewable energy, at almost 500 billion U.S. dollars. This was closely followed by electrified transportation, which includes electric vehicles (EV) and charging infrastructure. Although renewables are the largest area of investments globally, electrified transportation investments are growing at a faster rate.

Global renewable energy industry
Renewable energy market size worldwide
Electric vehicles worldwide

Industry trends

New environmental technology segments are gaining attention

Capacity of operational large-scale carbon capture and storage (CCS) facilities worldwide from 2010 to 2022 (in million metric tons per year)

Please wait

Further details: Visit original statistic Capacity of operational large-scale carbon capture and storage (CCS) facilities worldwide from 2010 to 2022 (in million metric tons per year)

Greentech is a very dynamic industry, with new findings and discoveries shaping focus areas. One of the hot topics in the field is the development of large-scale carbon capture, storage and removal technologies. CCS is expected to play a vital role in tackling climate change and delivering climate neutrality. As of 2022, the CO₂ capture capacity of operational CSS facilities worldwide stood at 43 million metric tons per year (Mtpa), more than tripling since 2010.

Carbon capture and storage
CCS capacity by development stage
Technology gap to achieve net-zero emissions

Industry leaders

China is a global leader in green tech

Investments in the energy transition worldwide in 2023, by leading country (in billion U.S. dollars)

Please wait

Further details: Visit original statistic Investments in the energy transition worldwide in 2023, by leading country (in billion U.S. dollars)

China is a key player in the global clean tech industry; it is already the largest market for renewable energy production and dominates the solar power manufacturing industry. In 2022, China’s investments in energy transition technologies hit 546 billion U.S. dollars, far outpacing potential rivals. There is expected to be fierce competition in the clean-tech sector between China, the U.S., and the EU over the coming years as the race to net-zero intensifies.

Renewable energy in China
Solar PV industry worldwide
Renewable energy capacities by country

State of the industry

  • Vestas Wind Systems
  • Energy Management: market data & analysis
  • Smart meters in Great Britain
  • Global investments in clean tech
  • Combined heat and power (CHP) in Germany
  • Energy storage worldwide
  • Solar thermal energy in France
  • Renewable energy in China
  • Carbon capture and storage worldwide
  • Renewable energy in the United States
  • The potential impact of battery electric vehicles on carbon dioxide emissions

Industry definition

Statista offers information about the markets of various segments within the realm of the environmental technology industry, both from the perspective of technological development as well as the manufacturing of equipment. Financial information of the global leaders in the market is also included to provide a comprehensive overview of the industry.

More interesting topics from the industry "Environmental Technology & Greentech"

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)