Global sustainable manufacturing market is anticipated to grow at a significant CAGR of 15.8% during the forecast period (2024-2031). The market growth is attributed to the technology developments, customer demand, government regulations, and investment globally. Sustainable manufacturing reduces any adverse effects on the environment at every stage of the process, from the extraction of raw materials to manufacture, distribution, and disposal. The application of sustainable manufacturing in automotive, energy, electrical & electronics, packaging, building & construction, and others to identify, quantify, evaluate, and manage the flow of environmental waste is increasing globally.
Browse the full report description of “Sustainable Manufacturing Market Size, Share & Trends Analysis Report by Offering (Recycled Lithium-Ion Battery, Recycled Material, Recycled Plastic, Recycled Metal, Recycled Carbon Fiber, and Water Recycle and Reuse). by Application (Automotive, Energy, Electrical & Electronics, Packaging, Building & Construction, Marine, Aerospace, Power, Chemicals and Other). Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/sustainable-manufacturing-market
The hardware infrastructure used for part manufacturing and assembly regardless of design, allows for rapid design iterations and seamless, downtime-free switching between different vehicle models. The procedure that is independent of design uses less energy and resources, produces more effective structures more quickly, reduces weight, and is more sustainable. For instance, in December 2022, Hexagon AB announced an investment of $100.0 million in Divergent Technologies Inc., a green manufacturing technology with a modular digital factory for the automotive industry. Divergent has developed an alternative production process to traditional vehicle manufacturing called DAPS® (divergent adaptive production system) that addresses economic and environmental challenges head-on.
The demand for transformers and electrical equipment has grown at an unprecedented scale, and market players are investing to address customers' mid- and long-term needs. Market players developing global footprint and capacity and progressing in digitalization and technology to deliver even more sustainable and reliable solutions. For instance, in April 2024, Hitachi Energy announced investments of over $1.5 billion to ramp up its global transformer manufacturing capacity to keep pace with the growing demand and support the long-term plans and electrification efforts. The announced transformer investments include sustainable and innovative manufacturing technologies for operational efficiency while ensuring high standards for safety and quality.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Offering
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Dassault Systèmes S.E., General Electric Company, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., and Siemens AG, among others.
Key questions addressed by the report.
Global Sustainable Manufacturing Market Report Segment
By Offering
By Application
Global Sustainable Manufacturing Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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