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.

Region with most large-scale carbon sequestration projects
Americas
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
Solid waste management

Market size

Regional division of the cleantech industry
Value of venture capital investments in climate technology worldwide from 2009 to 2020 (in billion U.S. dollars)
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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.

Global emissions
Global solar industry
Smart meters in Great Britain

Market segments

A segmented industry
Distribution of venture capital investments in climate technology start-ups between 2013 and 2019, by region
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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.

Smart grids in the U.S.
Wind energy in Europe
Green buildings in the U.S.

Industry trends

New environmental technology segments are receiving more attention
Forecasted energy storage capacity in Europe from 2020 to 2040 (in gigawatts)
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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.

Carbon capture and storage
Renewable energy industry worldwide
Offshore wind power market worlwide

Industry leaders

Renewable energy equipment manufacturers lead the market
Leading wind turbine suppliers globally based on market share in 2019
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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.

Vestas
Siemens
E.ON

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.

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