Green Technology Report 2024: Market Data & Innovation Insights

The green technology industry is rapidly evolving due to increased environmental awareness and regulatory support. This green technology report explores key market data as well as areas of innovation and their implications for companies worldwide.

The 2024 Green Technology Report provides a comprehensive overview of the green technology industry, examining key players, firmographic data, emerging trends, and groundbreaking innovations. It also explores the challenges the industry faces and the strategies employed to overcome them. From renewable energy and sustainable agriculture to water management and waste reduction, the report covers a wide range of topics within the industry sphere.

This report was last updated in July 2024.

This green technology report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.

StartUs Insights Green Technology Report 2024

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Executive Summary: Green Technology Report 2024

This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 3100+ green technology startups developing innovative solutions to present five examples from emerging green technology industry trends.

  • Industry Growth Overview: The industry experienced a growth of 8.90% last year, indicating its steady development and includes over 3100 companies.
  • Manpower & Employment Growth: The sector supports a workforce of 244.5K employees, with a growth of 14.5K employees in the last year.
  • Patents & Grants: The green technology industry includes over 2700 patents and more than 470 grants, indicating innovation and funding activities.
  • Global Footprint: The top five country hubs are the US, India, UK, Canada, and Italy, representing the industry’s geographical reach. Major city hubs include London, Singapore, New York City, Mumbai, and Hong Kong, indicating key urban centers driving industry activities.
  • Investment Landscape: The average investment value in the industry is USD 19.8 million per round. It has attracted more than 350 investors and over 800 funding rounds, indicating financial support.
  • Top Investors: Investors such as Piramal Finance, VantagePoint Capital Partners, Horizons Ventures, and more have collectively invested more than USD 165 million.
  • Startup Ecosystem: Five startups include BioMetallica (Sustainable Metal Recycling), Green Smart Sense (Post-harvest Monitoring), Green Power Technologies (Remote Power Solutions), Clenersys (Fuel Cell Technologies), and Greenathon Technologies (Textile Effluent Treatment).
  • Recommendations for Stakeholders: Entrepreneurs should focus on scalable and sustainable business models, leveraging advanced technologies to address environmental challenges. Companies should integrate sustainability into their core strategies, emphasizing circular economy practices and transparent reporting. Also, governments should consider supportive policies, such as tax incentives and subsidies, to encourage the adoption and development of green technologies.

Explore the Data-driven Green Technology Report for 2024

The Green Technology Report 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The heatmap highlights the data encompassing 1611 startups and over 3100 companies in our comprehensive database. This industry experienced a growth of 8.90% last year, indicating its steady development. The database includes over 2700 patents and more than 470 grants, indicating innovation and funding activities.

Globally, the industry supports a workforce of more than 244K employees, with a growth of 14K+ employees in the last year. The top five country hubs are the US, India, UK, Canada, and Italy, representing the industry’s geographical reach. Major city hubs include London, Singapore, New York City, Mumbai, and Hong Kong, indicating key urban centers driving industry activities.

What data is used to create this green technology report?

Based on the data provided by our Discovery Platform, we observe that the green technology industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.

  • News Coverage & Publications: The green technology industry had more than 56K publications in the last year.
  • Funding Rounds: It also has over 800 funding rounds data available in our database.
  • Manpower: The manpower in the green technology industry exceeds 244K workers, with over 14K new employees added in the last year.
  • Patents: The industry has 2700+ patents, indicating its innovation capacity.
  • Grants: In addition, the green technology industry has secured 470 grants, indicating strong support and investment.
  • Yearly Global Search Growth: The industry also sees a yearly global search growth of 9.39%. This indicates increasing interest and relevance.

A Snapshot of the Global Green Technology Industry

The green technology industry report provides an overview of key metrics, showing its growth and investment activity. The industry supports a workforce of 244.5K, with an addition of 14.5K new employees in the last year, indicating employment growth. The industry includes over 3100 companies, reflecting its reach and influence.

Explore the Funding Landscape of the Green Technology Industry

Investment activity within the green technology sector is steady, with an average investment value of USD 19.8 million per round. The industry has attracted more than 350 investors, indicating interest in green technology solutions. Moreover, over 800 funding rounds have been closed, providing financial support to numerous companies. More than 370 companies have received investments, showing the distribution of funding across the industry.

Who is Investing in Green Technology?

The total investment value by a group of investors in the green technology industry is over USD 165 million, indicating substantial financial support and belief in the sector’s potential. Here is a list of these investors, the value they have invested, and the number of companies they have invested in:

  • Piramal Finance has invested USD 149.6 million in at least 1 company, showing a notable commitment to green technology innovation.
  • VantagePoint Capital Partners has invested USD 7.5 million across 2 companies, indicating a strategic investment in various green tech ventures.
  • Horizons Ventures has invested USD 6.3 million in 2 companies, aiding the growth and development of new green technologies.
  • Crowdcube has invested USD 3.4 million in 3 companies, demonstrating a varied investment approach within the industry.

Explore the top trends in the green technology sector including the firmographic insights:

  • Green hydrogen is a growing sector, with 2143 companies identified, employing a total of 358.6K individuals. The sector has added 18K+ new employees in the last year. With an annual trend growth rate of 49.35%, green hydrogen is a part of renewable energy technologies.
  • The green biotechnology sector includes 79 companies, employing 2K individuals with an addition of 315 new employees in the last year. The sector’s annual trend growth rate is 23.02%, reflecting its role in sustainable agriculture, biofuels, and environmental management.
  • Green roof technology contributes to urban sustainability by improving energy efficiency, reducing urban heat island effects, and enhancing biodiversity. It includes 35 companies, employing 908 individuals, with 88 new employees added in the last year. The sector has an annual trend growth rate of 0.28%.

5 Top Examples from 3100+ Innovative Green Technology Startups

The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Book a demo to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.

BioMetallica enables Sustainable Metal Recycling

Singaporean startup BioMetallica specializes in sustainable precious metal recycling. It utilizes bio-metallurgy, employing biological agents for metal extraction from ores, minerals, and waste streams. A specific bacterial strain, engineered for increased biogenic cyanide production, enhances the efficiency of recycling precious metals. The recycling process comprises four steps: Pre-treatment, Bioleaching, Metal Reduction, and Separation & Purification. Further, BioMetallica’s technology recovers palladium, platinum, and rhodium at room temperature.

Green Smart Sense offers Post-harvest Monitoring

Canadian startup Green Smart Sense provides AI-powered monitoring solutions for agricultural products. The startup’s IoT sensors utilize LoRa WAN technology for superior coverage. These sensors collect data on temperature, humidity, and CO2 levels. The GreenSense dashboard summarizes this data and sends notifications when anomalies are detected. The Green Intelligence web application presents the results of the IoT data analysis. Further, the anomaly detection algorithms run continuously in the background. Green Smart Sense’s system predicts the quality of stored grains for the next 3-6 months.

Green Power Technologies provides Remote Power Solutions

UK-based startup Green Power Technologies offers sustainable remote power solutions. The startup’s products, The Power Box and The Juice Box, transform renewable energy use. The Power Box reduces fuel usage and carbon emissions whereas The Juice Box, a mobile solar generator, provides efficient and portable power output. These products offer a smarter alternative to traditional diesel generators and reduce operational costs and carbon emissions.

Clenersys offers Fuel Cell Technologies

US-based startup Clenersys develops high-performance materials and components for hydrogen fuel cells. It addresses the issue of corrosion in metallic bipolar plates (BPP) in PEM fuel cells. Its solution, CORE™, combines the low-cost manufacturing advantages of stamped steel with the durability of a nanostructured carbon coating. The startup also develops solutions for electrolyzers, proton pumps, and hydrogen storage. Clenersys’ PRIME™ employs a unique polymer network for enabling proton conduction. This technology improves power density and durability while addressing degradation mechanisms experienced by traditional PEM fuel cell membranes.

Greenathon Technologies develops Textile Effluent Treatment

Indian startup Greenathon Technologies mitigates chemical-based approaches in bio-based industrial sectors. It develops products that offer an environmentally friendly tactic to handle the biomagnification of toxicants in nature. One such product, BIOZYME, addresses dye toxicants produced by various textile industries. BIOZYME consists of two parts: Part A, which contains essential microbes for textile effluent treatment, and Part B, a catalyst for the same process. Greenathon Technologies’ approach enables businesses to reduce chemical waste and contribute to a green society.

Gain Comprehensive Insights into Green Technology Trends, Startups, or Technologies

The 2024 green technology industry report shows growth and investment in innovative solutions such as green hydrogen, biotechnology, and roof technology. As the industry progresses, trends like clean hydrogen and developments in sustainable biotech suggest a positive outlook for green technologies. Get in touch to explore all 3100+ startups and scaleups, as well as all industry trends impacting green technology companies.

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