Hardly anyone is in the dark regarding the effect that the prolonged consumption of fossil fuels has had on the environment. The concerns regarding surging pollution, growing carbon emission, and inability of fossil fuels to meet the current energy demand are only increasing with every passing day. It is fairly obvious that energy efficiency needs to be risen in order to attain sustainable living. This can be done through the usage of alternate source for producing energy.

Get the Sample Copy of this Report @https://www.psmarketresearch.com/market-analysis/green-technology-and-sustainability-market/report-sample

At the present time, the percentage of energy that is being generated through renewable sources is still quite less than that of energy that is being generated using fossil fuels. Attributed to these factors, the adoption and demand for green technology and sustainability is rising. Green technology refers to the field of new and innovative ways for making environment friendly changes in the day-to-day life.

The technology is created and utilized in such a way that conservation of the environment and natural resources is ensured, and its utilization is supposed to decrease the amount of pollution and waste that are generated during consumption and production. According a P&S Intelligence report, the global green technology and sustainability market attained a revenue of $8.3 billion in 2019 and is predicted to reach $57.8 billion by 2030, witnessing a 20.0% CAGR during the forecast period (2020–2030).

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=green-technology-and-sustainability-market

The different technologies which are utilized in this domain are digital twin, internet of things (IoT), blockchain, artificial intelligence (AI) and analytics, and cloud computing. Among these, the largest demand in the past created for the IoT technology due to the fact that it is used in a number of applications, such as smart cities, smart mobility and transport, smart energy and grids, smart health, food and water tracking, smart homes and buildings, and smart factory and manufacturing, for decreasing energy waste and allowing the collection of energy data. Advertisements