- What critical technologies can help manufacturing operations become more sustainable?
- What market drivers are prompting investment in sustainable manufacturing?
- What barriers are slowing investment?
- How do circular economy and lean manufacturing principles lead to improved sustainability in manufacturing?
- How are different participants in the manufacturing value chain affecting sustainability in manufacturing verticals?
- What are the largest investment categories for manufacturers seeking to achieve more sustainable operations?
- Which categories are growing fastest?
2Q 2024
Sustainable Manufacturing
Achieving Industrial Sustainability via Renewables, IIoT, PPAs, and Carbon Capture in Manufacturing: Global Market Overview and Forecasts, 2024-2033
As climate change accelerates and governments around the world grow more serious about reducing greenhouse gas (GHG) emissions, manufacturers are realizing that esoteric sustainability goals in annual reports will no longer suffice. Conceptually, sustainable manufacturing is not complicated. Manufacturers can make their factories greener in numerous ways: reducing energy use through more efficient processes; minimizing GHG emissions by replacing traditional energy sources with renewables; improving uptime and production efficiency via digitalization and lean manufacturing processes; and, when all else fails, implementing carbon capture techniques to sequester or repurpose carbon emissions.
All these technologies and methodologies exist today—but the industrial world remains far from achieving truly sustainable manufacturing. The costs and complexity involved in upgrading 20th century facilities remain significant barriers to broader deployment of sustainability solutions in manufacturing, but increasingly, government mandates and end-user demand are driving executives in manufacturing verticals to acknowledge the writing on the wall.
This Guidehouse Insights report analyzes major trends in sustainable manufacturing and forecasts projected investment in four key technology areas that will be core to rendering industrial processes more sustainable: digitalization and industrial IoT (IIoT) technologies; increased renewables capacity through on-premises facilities; increased renewables capacity via power purchase agreements (PPAs); and carbon capture, utilization, and sequestration techniques. The report provides an overview of circular economy and recycling methodologies and describes numerous lean manufacturing principles. Finally, it projects global investments in core sustainable manufacturing technology segments by region and technology from 2024 through 2033.
Pages
37
Tables | Charts | Figures
21
Key Questions Addressed
Who Needs This Report
- Manufacturers
- IIoT solutions providers
- Solar and other renewables developers
- Systems integrators
- Carbon capture solutions providers
- Power purchase agreement brokers
- Logistics companies
- Utilities
- Investors
Table Of Contents
1. Executive Summary
1.1 Global Investment in Sustainable Manufacturing
2. Market Issues
2.1 Sustainable Manufacturing
2.1.1 The Business Case for Sustainable Manufacturing
2.1.2 Digitalization/IIoT
2.1.3 Renewable Energy
2.1.3.1 Emerging Renewables
2.1.4 Power Purchase Agreements
2.1.5 Carbon Capture
2.1.6 Other Emerging Technologies and Sustainable Processes
2.1.6.1 Circular Economy/Recycling
2.1.6.2 Zero Energy Buildings
2.1.6.3 Lean Manufacturing
2.2 Sustainable Manufacturing Market Drivers and Barriers
3. Industry Value Chain
3.1 The Manufacturing Value Chain
3.2 Sustainable Manufacturing Stakeholders and Competitive Landscape
4. Market Forecasts
4.1 Market Outlook for Sustainable Manufacturing Technology Solutions
4.2 Forecast Methodology
4.3 Global Market Overview
4.4 Regional Market Overview
4.4.1 North America
4.4.2 Europe
4.4.3 Asia Pacific
4.4.4 Latin America
4.4.5 Middle East & Africa
5. Conclusions and Recommendations
5.1 Three Big Takeaways
5.2 Recommendations
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study
10. Sources, Methodology and Notes
List of Charts and Figures
- Annual Industrial Renewables Capacity Additions by Region, World Markets: 2024-2033
- Annual Investment in Sustainable Manufacturing Technologies by Region, World Markets: 2024-2033"
- Annual Investment in Sustainable Manufacturing Technologies by Technology, World Markets: 2024-2033"
- Percentage of Sustainable Manufacturing Investment by Region, World Markets: 2024
- Percentage of Sustainable Manufacturing Investment by Region, World Markets: 2033
- Annual Investment in Sustainable Manufacturing Technologies by Technology, North America: 2024-2033"
- Annual Investment in Sustainable Manufacturing Technologies by Technology, Europe: 2024-2033"
- Annual Investment in Sustainable Manufacturing Technologies by Technology, Asia Pacific: 2024-2033"
- Annual Investment in Sustainable Manufacturing Technologies by Technology, Latin America: 2024-2033"
- Annual Investment in Sustainable Manufacturing Technologies by Technology, Middle East & Africa: 2024-2033"
- Manufacturing Value Chain: Multiple Opportunities for Efficiency and Sustainability
- Examples of Stakeholders in the Manufacturing Value Chain
List of Tables
- Tracked Renewable PPA Capacity, All Corporate vs. Manufacturing/Industrial, World Markets: Dec 2008-Feb 2023
- Annual Investment in Sustainable Manufacturing Technologies by Region, World Markets: 2024-2033
- Annual Investment in Sustainable Manufacturing Technologies by Technology, World Markets: 2024-2033
- Annual Investment in Sustainable Manufacturing Technologies by Technology, North America: 2024-2033
- Annual Investment in Sustainable Manufacturing Technologies by Technology, Europe: 2024-2033
- Annual Investment in Sustainable Manufacturing Technologies by Technology, Asia Pacific: 2024-2033
- Annual Investment in Sustainable Manufacturing Technologies by Technology, Latin America: 2024-2033
- Annual Investment in Sustainable Manufacturing Technologies by Technology, Middle East & Africa: 2024-2033
- Environmental Benefits of Lean Manufacturing Methods
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