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What is the market size of sustainability in Europe?
In Europe, the market size of sustainability is significantly growing in a huge amount. According to a report by Mordor Intelligence, the market value of European sustainability was at $1.2 trillion in 2019 and is expected to grow at a CAGR of 10.2% during the forecast period 2020-2025.
In Europe, the main driving factors in the sustainability market are the increasing awareness of environmental issues, the implementation of regulations to reduce greenhouse gas emissions, and the growing demand for Sustainable products and services.
The sustainability market is segmented into various areas, such as renewable energy, energy efficiency, sustainable transportation, sustainable agriculture, and sustainable cities with each segment expected to have a significant market size and growth in the coming years.
A particularly significant segment in the sustainability market in Europe is renewable energy with a market size of $88.5 billion in 2020 with an expected growth of a CAGR of 8.2% during the forecast period of 2021-2026.
The market for sustainable buildings and construction is expected to grow significantly with a CAGR of 8.5% from 2021 to 2026.
In Europe, the market size of Europe is significant with a continuation of growth in the coming years with more and more companies and governments prioritizing sustainability in their operations and policies.
Some of the key players in the sustainability market in Europe in different segments of the market are:-
- Renewable energy: Companies such as Vestas Wind Systems, Siemens Gamesa Renewable Energy, and EON SE are some of the important players in the European renewable energy market.
- Energy efficiency: Companies such as Schneider Electric, Siemens AG, and Honeywell International Inc are the leading players in the European energy efficiency market.
- Sustainable Transportation: Companies such as Daimler AG, Tesla Inc, and Toyota Motor Corp are the leading players in the European sustainable transportation market.
- Sustainable Agriculture: Companies such as Royal DSM, DuPont, and Syngenta AG are the leading players in the European sustainable agriculture market.
- Sustainable Cities: Companies such as Siemens AG, Honeywell International Inc, and Schneider Electric are the leading players in the European sustainable market.
The market share of the company varies depending on specific countries in Europe with the diverse market and different players leading in different countries.
The post What is the market size of sustainability in Europe? first appeared on ledlights.blog and is written by Sagorika Roy
