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.
Region with most large-scale carbon sequestration projects
Utility company with highest brand value in the worldwide
State Grid (China)
Segment in the U.S. with highest revenue of environmental technology service industry
Cleantech is a relatively new market, established in the wake of emerging climate change awareness over the last two decades. The global venture capital investments in climate technology worldwide amounted to over 16 billion U.S. dollars in 2020. The sector mirrors the global division of labor where production of equipment is mainly located in the global south and development of new technology in the global north.
Due to the close relation to energy, the cleantech industry itself is a rather scattered one. Cleantech exists in any industry with a potential for a greener, more environmentally-friendly application. For example, carbon capture and storage in the power sector and in chemical, mineral, and metal processing industries, building services, smart grids, as well as renewable energy equipment.
Environmental technology is a very dynamic industry, with new findings and discoveries shaping focus areas. While a greener method of energy generation is one of the hot topics in the field, the development of large-scale carbon capture/storage (and) technologies also receives significant amounts of attention. Carbon capture and storage also provides the means of generating blue hydrogen, a multi-faceted fuel source with great potential for the power and transportation sector.
Based in Denmark, Vestas is a global leader in the wind turbine manufacturing industry. In the 2019 financial year, Vestas has generated over 10 billion euros worth of revenue from power solution segment of its business. In the same year, the company has produced and shipped over four thousand wind turbines worldwide. Some other major market players in the industry include Siemens Gamesa and Goldwind.
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.