Clean Tech Market.

1. Clean Tech Market: An Overview Since 1981, the average global temperature has increased by 0.18°C every decade. If this tendency persists, we will experience erratic weather patterns, longer and more intense heat waves, and an environment that will collapse. There is some good news, though. Innovations in clean technology brought on by climate change may assist to lessen the situation. Renewable energy market size has been increasing exponentially in the last few years. Any procedure, good, or service that seeks to lessen adverse environmental effects is referred to as "clean technology" or "cleantech"; interest in the sector is rising. For instance, the current value of global investments in renewable energy is $301.7 billion. Following are a few tendencies we can anticipate this year as a result of the cleantech sector's boom: Increasing use of renewable energy The usage of renewable energy is growing globally, despite the fact that it has been on the rise for many years. In reality, despite supply chain interruptions brought on by the pandemic, it increased by 1.5% in the first quarter of 2020 compared to the same period in 2019. Because of this, renewable energy is the most reliable. The transition to green energy is being made simpler by numerous industry movers thanks to a variety of cutting-edge developments. The invention of solar pavement stands out. To charge electric automobiles, the Spanish startup Solum created this (EVs). As energy demand peaks, businesses like AES are reimagining battery storage solutions to replace the need for natural gas facilities. Sustainable automation Automation, an increasing trend across industries, replaces human operations with electronic equipment to make many tasks more energy-efficient. Tasks are completed more quickly, with fewer safety concerns, and at a lesser cost because to related breakthroughs like artificial intelligence and machine learning. Automation uses energy, but efficiency comes at a cost. Sustainable automation goes one step farther than conventional automation by "being attentive" of the energy consumed. For instance, to save energy, equipment and machines can be programmed to turn off automatically when not in use. Building monitoring systems that enable autonomous solutions to regulate appliances, such as smart thermostats, is another potential application. They may then precisely adapt to the ideal temperature in this way. Circular waste management Safe waste management guarantees that wastes are disposed of effectively, preventing open burning of waste and littering while also diverting waste from landfills. Waste management is not a new concept. However, circular waste management is a sustainable approach that turns garbage into energy while reusing and recycling materials. One of the more used processes is pyrolysis. This is a high-temperature, anaerobic thermochemical breakdown of organic materials. Char, oil/wax, and flammable gases can all be produced by it. Electro-coagulation systems and chemical recycling are two other circular waste management techniques. Organizations like the French multinational Veolia Environment are working to address the problem of electronic trash in the interim. They teamed up with the chemical manufacturer Solvay in 2020 to recover lithium-ion batteries from EVs.

2. Leading market research companies Chicago which provide reports on renewable energy market size are Strategy Here, BIS research, Mordor Intelligence, and CSP.