Increasing investment in advance technology to deal with resource scarcity problem is like to provide boost to the market

Increasing public and private sector investment in developing advance technology to efficiently utilize the resources is helping the environment technology market to grow. For instance, US witness huge investment in water treatment & reuse technology for the production of natural gas using hydraulic fracturing method. In addition, stringent governments regulations to reduce the environment non-compliance activities is helping the environment technology market has industries are transforming their business to comply with environmental bodies rules and regulations.

The environmental technology market affected negatively in the light of COVID-19. Strict measures taken by the governments all around the globe, has affected the settings like commercial and industrial sector. Owing to which demand for environmental technology products and services fall. However, since countries has set their respective goals to decarbonize the environment, therefore the environmental technology industry is likely to recover in a short timeframe.

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According to UnivDatos Market Insights (UMI)’ research report “Global Environmental technology Market”, the market is expected to witness a CAGR growth of above 4% during the forecast period 2021-2027F. Increasing demand for lightweight-high strength materials, growing investment in R&D to the lower the cost, large base of end user, and stringent environment regulations are some of the key factors which are driving the growth of the market.?

Based on component, the environmental technology market is categorized into solutions and services. Among these, services category captured the larger market share in 2020. Owing to increasing resource scarcity and to comply with government regulations, companies across the globe are taking several steps to maintain productivity simultaneously helps in maintaining a sustainable environment. This has led to the increasing demand of equipment's and services. Since, industry is among the biggest consumer of environmental resources, therefore they are investing heavily in the consulting & engineering, waste management, analytical, and resource recovery services to maintain their productivity at the same time complying with environment regulations.?

Based on environmental medium, the market is categorized into water, air, and soil. Among these, water category held the considerable market share owing to increasing concern related to water recycling thus large investment in the water treatment and reuse sector. Further, air category is also like to grow at a faster rate owing to increasing initiatives to reduce the carbon emission.

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North America held the significant market share in 2020

Based on region, the report provide detail analysis for overall adoption of environmental technology in major region including North America (US, Canada), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. North America held the significant market share in 2020 owing to strict regulations, increasing investment by both public and private companies, and awareness among consumers regarding resource scarcity problems.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global environmental technology market are TotalEnergies SE, Teledyne Technologies Incorporated, AECOM, Lennox International, Xylem Inc., Thermax Ltd., Veolia, Thermo Scientific Inc., Waste Connection Inc., and Sunfire GmbH. These companies are taking several strategic decisions to increase their market presence and revneue.

Some of the instances are:

§?In April 2021, Veolia and Suez signed an agreement to merge both the organization. Its scope covers municipal water and solid waste activities of Suez in France, as well as the activities of Suez in particular in water and in several geographies like Italy, the Czech Republic, Africa, Central Asia, India, China, Australia, and the global digital and environmental activities (SES).

§?In December 2020, AECOM partners with Los Angeles County Sanitation Districts to upgrade its Joint Water Pollution Control Plant (JWPCP) in Carson, California.

“Global Environmental technology Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.??????

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Market Segmentation:

1.?????By component (solutions (water equipment & chemicals, air pollution control, instrument & information system, waste management equipment, process & prevention technology), services (water treatment works, water utilities, consulting & engineering, remediation, analytical services, solid waste management, hazardous waste management, resource recovery)

2.?????By environmental medium (water, air, soil)

3.?????By organization (small & medium enterprises, large enterprise, public-sector municipalities)

4.?????By Region (North America (US, Canada), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

5.?????By Company (TotalEnergies SE, Teledyne Technologies Incorporated, AECOM, Lennox International, Xylem Inc., Thermax Ltd., Veolia, Thermo Scientific Inc., Waste Connection Inc., and Sunfire GmbH)

Key questions answered in the study:

1.?????What are the current and future trends of the global environmental technology industry?

2.?????How the industry has been evolving in terms of organization size and environment medium?

3.?????How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.?????What are the key growth drivers and challenges for the global environmental technology industry?

5.????What are the customer orientation, purchase behavior, and expectations from the global environmental technology suppliers across various region and countries?