Unlocking the Future: 2030 Clean Technology Market Size and Share Insights

Overview of the Clean Technology Market

The clean technology market is booming. By 2024, it’s expected to be worth about USD 916.20 billion and is anticipated to grow at a rate of 12.7% annually until 2030. This growth is largely driven by the pressing need to tackle climate change and shift to greener energy sources. Clean technology includes many innovations like renewable energy, energy storage, and electric vehicles. For example, IBM recently acquired Prescinto, a company that uses AI for managing renewable energy assets efficiently.

Renewable energy costs are falling, especially for solar and wind power. Improvements in battery storage and the rise of electric vehicles are also boosting the market. For instance, solar capacity worldwide continues to grow, becoming more efficient and affordable. Additionally, technologies like hydrogen energy and carbon capture are changing the energy and industrial sectors. Businesses are shifting to clean technologies not just for compliance but also to meet the rising demand for eco-friendly products. A recent example is Ørsted A/S receiving funding to develop a clean energy facility along the Texas coast.

Government policies, corporate responsibility, and consumer awareness are speeding up this transition. Clean technologies are now common solutions, reshaping energy production and transportation. Regions like North America, Europe, and Asia Pacific are key players in adopting these technologies, particularly in renewable energy and electric vehicles. Innovative approaches, such as carbon capture and circular economy practices, are creating more growth opportunities across different sectors.

Insights by Type

In 2024, renewable energy technologies led the market, making up over 62% of global revenue. Their growing popularity is thanks to reduced costs and strong support from policymakers. Technologies like solar panels are being more widely adopted, thanks to innovations that make them cheaper. For example, GE Vernova partnered with the National Renewable Energy Laboratory to develop a new wind turbine, showcasing collaboration between the private sector and government.

The energy storage segment is set to grow even faster. This is driven by the need to integrate with renewable energy, improvements in battery tech, and supportive policies. Energy storage systems ensure a stable energy supply, especially as batteries from electric vehicles are reused for energy storage, cutting costs and waste. Governments are also promoting energy storage with financial incentives, such as tax credits in the U.S.

Application Insights

The industrial sector was the top user of clean technology in 2024. Industrial companies are adopting cleaner tech to cut emissions and improve efficiency. A recent partnership between Vestas and ArcelorMittal aims to create a low-emission solution for steel production.

The residential market is predicted to grow the fastest, fueled by environmental awareness and energy savings. Homeowners are becoming more conscious of their carbon footprints, especially in light of international agreements like the Paris Accord, which promote renewable and energy-efficient technology adoption.

Regional Insights

The Asia Pacific region held over 50% of the market share in 2024. Countries like China, India, and Japan are leading efforts in renewable technologies. For example, China is making strides to peak emissions by 2030 and achieve carbon neutrality by 2060, driving significant investments in renewable projects.

Trends in North America

The North American clean technology market is expected to grow significantly due to rising environmental concerns and governmental support. The U.S. and Canada are leading the way in adopting renewable energy solutions.

Trends in the U.S.

The U.S. clean technology market was the largest in the region in 2024. Government initiatives, such as the Inflation Reduction Act, provide substantial support to clean energy projects, making them more accessible.

Trends in Europe

Europe held a significant share of the clean technology industry in 2024, thanks to rigorous environmental policies. Efforts like the European Green Deal aim for carbon neutrality by 2050, creating a solid foundation for clean technology adoption.

Key Players in Clean Technology

Notable companies in this market include GE Vernova, IBM Corporation, Vestas, and Canadian Solar. For instance, Adani Green Energy Limited focuses on developing large-scale renewable power plants in India, playing a significant role in the country’s energy landscape.

• Adani Green Energy Limited specializes in building and running renewable power plants in India, aiming to boost local production and reduce reliance on imports.

• Canadian Solar manufactures solar panels and offers energy storage solutions with a presence across multiple continents.

Recent News

• In December 2024, GE Vernova partnered with the National Renewable Energy Laboratory to provide a wind turbine for research, emphasizing collaboration in energy innovations.

• In September 2024, IBM and the UN launched new energy models using AI to help policymakers address energy challenges.

• In August 2024, Ørsted teamed up with Mission Clean Energy to advance battery energy storage systems in the Midwest.

Clean Technology Market Scope

Report Attribute	Details
Market size in 2025	USD 1,013.25 billion
Forecast for 2030	USD 1,844.70 billion
Growth rate	CAGR of 12.7% from 2025 to 2030
Data availability	2017 – 2023
Forecast period	2025 – 2030
Quantitative units	Revenue in USD billion/million and CAGR from 2025 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Type, application, region
Regional focus	North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Countries analyzed	U.S.; Canada; Mexico; Germany; UK; France; China; India; Japan; Australia; South Korea; Brazil; UAE; South Africa
Key companies profiled	Adani Group; Canadian Solar; Enel Spa; General Electric; Iberdrola, S.A.; IBM Corporation; Jinko Solar; NextEra Energy Resources, LLC; Ørsted A/S; Vestas
Customization options	Free report customization with purchase, allowing for changes to country, region, and segment focus.
Pricing options	Explore customized purchase options to fit your research needs.

Global Clean Technology Market Segmentation

This report provides insights into revenue growth and recent trends in various sub-segments from 2017 to 2030. The Grand View Research report classifies the global clean technology market into three main categories: type, application, and region:

• Type Outlook (Revenue, USD Million, 2017 – 2030)
  • Renewable Energy Technologies
  • Energy Storage Solutions
  • Water and Waste Management
  • Agriculture and Food Systems
  • Air and Environment Management
• Application Outlook (Revenue, USD Million, 2017 – 2030)
  • Residential
  • Commercial
  • Industrial
• Regional Outlook (Revenue, USD Million, 2017 – 2030)
  • North America
  • Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
  • Middle East and Africa