Green Technology and Sustainability Market Driven by Increasing use of RFID sensors

The potential growth difference for the green technology and sustainability market between 2022 and 2026 is USD 26.10 billion. The increasing use of RFID sensors across industries drives market growth. IoT is used to handle a wide range of applications such as smart grid, eHealth, and intelligent transportation. Tasks can be completed autonomously with the help of sensors and smart devices connected via high-speed data. This necessitates new forms of green communication between different smart devices, which improve power consumption and bandwidth usage. Smart devices can also automate operations across the production cycle, from irrigation and fertilization to controlling bugs or pests.

RFID tag and sensor collaboration might lead to various new green project solutions, including efficient energy generation, waste management, and recycling. Such factors are expected to fuel the growth of the market in focus. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

By product, the solution segment will have significant market share growth during the forecast period. Emerging technologies are offering new opportunities for green technology and sustainable development. Therefore, the increasing awareness regarding technology-related environmental hazards is driving the adoption of green technology and sustainability solutions across the world. This, in turn, will fuel the growth of the green technology and sustainability market during the forecast period.

31% of the market's growth originates from North America during the forecast period.