PUBLISHER: The Business Research Company | PRODUCT CODE: 1750938
PUBLISHER: The Business Research Company | PRODUCT CODE: 1750938
Clean technology (CleanTech) encompasses a wide range of products, services, and processes that utilize renewable materials and energy sources, reduce emissions and waste, and minimize environmental impact. The main objective of CleanTech is to enhance sustainability and efficiency while addressing global environmental challenges such as climate change, pollution, and resource depletion.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The primary types of CleanTech include renewable energy technologies, energy storage solutions, energy efficiency solutions, water and waste management, agriculture and food systems, and air and environmental management. Renewable energy technologies involve methods and systems that generate energy from naturally replenishable sources such as sunlight, wind, water, biomass, and geothermal heat. These technologies include solar photovoltaics, battery and energy storage systems, onshore and offshore wind turbines, hydrogen and renewable gases, and carbon capture and storage, among other innovations. CleanTech is applicable across various industries, including transportation, manufacturing, utilities, chemicals, electronics, and agriculture. It serves a broad range of end users, including governments, corporations, non-governmental organizations (NGOs), and individual consumers.
The clean technology (CleanTech) market research report is one of a series of new reports from The Business Research Company that provides clean technology (CleanTech) market statistics, including the clean technology (CleanTech) industry global market size, regional shares, competitors with the clean technology (CleanTech) market share, detailed clean technology (CleanTech) market segments, market trends, and opportunities, and any further data you may need to thrive in the clean technology (CleanTech) industry. This clean technology (CleanTech) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The clean technology (CleanTech) market size has grown rapidly in recent years. It will grow from$759.05 billion in 2024 to $844.78 billion in 2025 at a compound annual growth rate (CAGR) of 11.3%. The growth during the historic period can be attributed to the increasing demand for electric vehicles, rising environmental awareness among both consumers and businesses, a growing need for sustainable construction, greater integration of renewable energy sources, and expanding government support and incentives.
The clean technology (CleanTech) market size is expected to see rapid growth in the next few years. It will grow to$1,279.36 billion in 2029 at a compound annual growth rate (CAGR) of 10.9%. This growth in the forecast period can be attributed to the rise of hydrogen as a clean energy source, the increasing adoption of second-life EV batteries, growing demand for zero-emission transportation, heightened energy security concerns, more stringent industrial energy efficiency mandates, and the development of green hydrogen infrastructure. Key trends expected in the forecast period include advancements in battery technologies, further innovations in clean energy technologies, the development of circular economy models, innovation in floating wind farms, and the integration of artificial intelligence in energy efficiency platforms.
The increasing integration of renewable energy sources is expected to drive the growth of the clean technology (CleanTech) market in the coming years. Renewable energy sources, such as solar, wind, and hydropower, are naturally replenishing and provide sustainable alternatives to fossil fuels. The rise in renewable energy adoption is largely due to growing concerns over climate change and the need to reduce emissions, which has led to a shift away from fossil fuels toward cleaner alternatives. CleanTech facilitates the seamless integration of these renewable energy sources by offering advanced technologies and smart infrastructure that optimize energy generation, storage, and distribution across the grid. For example, in March 2024, the European Environment Agency, a Denmark-based organization, reported that in 2022, 23% of the energy consumed in the European Union (EU) came from renewable sources, up from 21.9% in 2021. This growing integration of renewable energy sources is a key factor driving the clean technology market.
Leading companies in the clean technology (CleanTech) market are focusing on adopting innovation-support initiatives such as accelerator programs to nurture startups, drive sustainable solutions, and accelerate the adoption of green technologies. Accelerator programs are fixed-term, cohort-based initiatives that offer startups mentorship, resources, and funding to help them scale rapidly. For instance, in January 2025, FedTech, a U.S.-based venture firm, launched the Four Corners Cleantech Accelerator. This program aims to foster clean energy innovation across Arizona, Colorado, New Mexico, and Utah. It provides a structured series of workshops covering business modeling and cleantech commercialization, as well as tailored advisory services for established businesses, including support on IP, market strategies, and pitching. The program emphasizes inclusivity, focusing on underserved entrepreneurs and promoting collaboration with national laboratories and industry experts.
In December 2024, Alternus Clean Energy Inc., a U.S.-based renewable energy company, acquired LiiON for an undisclosed amount. This acquisition is part of Alternus Clean Energy's strategy to enhance its energy storage capabilities, expand its market reach, and accelerate long-term growth by providing more comprehensive and sustainable energy solutions. LiiON, LLC is a U.S.-based technology company specializing in renewable and stored energy solutions.
Major players in the clean technology (cleantech) market are Tesla Inc, Veolia Environnement S.A., LG Chem Ltd, Schneider Electric SE, Mitsubishi Electric Corporation, Honeywell International, ABB Ltd, NextEra Energy Inc, Johnson Controls International, Orsted A/S, Enel Green Power, First Solar Inc, Enphase Energy Inc., Siemens Gamesa Renewable Energy, SunPower Corporation, Ballard Power Systems Inc., Adani Group, Aeroseal LLC, e-Zinc Inc, ACE Green Recycling Inc.
North America was the largest region in the clean technology (CleanTech) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in clean technology (CleanTech) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the clean technology (CleanTech) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The clean technology (CleanTech) market includes revenues earned by entities by providing services such as energy auditing, sustainability consulting, installation of renewable energy systems, waste management and recycling services, and green building design and construction. The market value includes the value of related goods sold by the service provider or included within the service offering. The clean technology (CleanTech) market also consists of sales of products including battery storage solutions, water purification systems, electric vehicles (EVs), wind turbines, solar panels, and energy-efficient appliances. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Clean Technology (CleanTech) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on clean technology (cleantech) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for clean technology (cleantech) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The clean technology (cleantech) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.