Global Decarbonization Market Size, Share, Opportunities, And Trends By Type (Solutions, Services), By Deployment Type (On-Premises, Cloud), By End Users (Agricultural, Oil & Energy, Metal & Mining, Government, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Apr 2024
- Report Code : KSI061616193
- Pages : 148
The global decarbonization market is valued at US$15.489 billion in 2022.
Decarbonization is the process of reducing or eliminating carbon dioxide (CO2) emissions caused by human activities. This procedure is crucial when it comes to emissions from burning fossil fuels like coal, oil, and natural gas. It is a crucial strategy in the battle against global warming and the transition to a more environmentally friendly, sustainable energy system.
Growing investment in renewable sources for electricity generation is driving the market expansion propels the market.
The global decarbonization market is expanding rapidly due to various factors, such as tough government rules that require sectors to decrease emissions, bolstering demand for decarbonization technologies. Renewable energy sources, such as solar and wind, are gradually replacing fossil fuels as a result of advancements in technology. Furthermore, an increasing number of investors are showing interest in sustainable investments, and companies are investing in decarbonization programs to boost their reputation and financial success.
As per a report published by NITI Aayog and GIZ GmbH, a significant portion of GHG emissions are produced by international shipping and aviation. 10% of all transport emissions in the G20 are attributed to international aviation and shipping combined. In comparison to the regions of Latin America and the Caribbean, Africa, and Oceania put together, these modes generate more CO2 annually, according to the SLOCAT Transport and Climate Change Global Status Report.
The market is projected to grow in the North American region.
Decarbonizing the industrial sector is necessary to realize labor and equality goals. As per the Department of Energy, the 11.4 million American manufacturing workers who were already employed in 2020 and those who will join them in the future will be better prepared for the shift to a clean sector due to workforce development and technical support programs like DOE's Industrial Assessment Centres, which will also improve long-term job prospects and health outcomes.Equity aims, particularly the Administration's Justice40 Initiative, which guarantees that underprivileged areas will get at least 40% of the total benefits from Federal investments in climate and sustainable energy,
Moreover, NREL examined several potential future scenarios to reach a net-zero power grid to estimate the deployment of technologies, costs, advantages, and obstacles to decarbonize the U.S. power industry by 2035. The U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy provided funding for the study. Overall, the global decarbonization market is being driven by the convergence of legislative requirements, technical innovation, corporate responsibility, financial incentives, and consumer demand.
Key Market Developments:
- December 2023, leading the way in the digital transformation of energy management and automation, Schneider Electric, announced the addition of Google, ASM, and HP as new global sponsors of the Catalyse program, which aims to expand access to renewable energy sources throughout the global semiconductor value chain and IT supply landscape.
- November 2023, with an emphasis on next-generation technology deployment, scaling cutting-edge technology, and operational efficiency, CRH, the world leader in building materials solutions, and Volvo Group, the leader in transport and infrastructure solutions, signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in the design and deployment of on-road vehicles and off-road equipment used in construction
Key Players:
- ATOS SE is a pioneer in providing decarbonized digital solutions and services that are compatible with data privacy regulations and provide CSR innovations. Its mission is to make a necessary contribution towards a sustainable society via its solutions.
- Siemens SE, through its platforms and software, aims to adapt and seize new market opportunities. Its holistic step-by-step approach emphasizes modernizing and upgrading whenever it is necessary
- Infosys decarbonization solutions span the production, exploration, and transportation of fossil fuels & industrial processes.
Global Decarbonization Market Scope:
Report Metric | Details |
Market Size Value in 2022 | US$15.489 billion |
Growth Rate | CAGR during the forecast period |
Base Year | 2022 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Billion |
Segments Covered |
|
Companies Covered |
|
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Type:
- Solutions
- Services
- By Deployment Type:
- On-Premise
- Cloud
- By End-Users:
- Agricultural
- Oil & Energy
- Metal & Mining
- Government
- Others
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. GLOBAL DECARBONIZATION MARKET BY TYPE
5.1. Introduction
5.2. Solutions
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Services
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
6. GLOBAL DECARBONIZATION MARKET BY DEPLOYMENT TYPE
6.1. Introduction
6.2. On-Premise
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Cloud
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
7. GLOBAL DECARBONIZATION MARKET BY END-USERS
7.1. Introduction
7.2. Agricultural
7.2.1. Market Trends and Opportunities
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Oil & Energy
7.3.1. Market Trends and Opportunities
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
7.4. Metal & Mining
7.4.1. Market Trends and Opportunities
7.4.2. Growth Prospects
7.4.3. Geographic Lucrativeness
7.5. Government
7.5.1. Market Trends and Opportunities
7.5.2. Growth Prospects
7.5.3. Geographic Lucrativeness
7.6. Others
7.6.1. Market Trends and Opportunities
7.6.2. Growth Prospects
7.6.3. Geographic Lucrativeness
8. GLOBAL DECARBONIZATION MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Type
8.2.2. By Deployment Type
8.2.3. By End-Users
8.2.4. By Country
8.2.4.1. United States
8.2.4.1.1. Market Trends and Opportunities
8.2.4.1.2. Growth Prospects
8.2.4.2. Canada
8.2.4.2.1. Market Trends and Opportunities
8.2.4.2.2. Growth Prospects
8.2.4.3. Mexico
8.2.4.3.1. Market Trends and Opportunities
8.2.4.3.2. Growth Prospects
8.3. South America
8.3.1. By Type
8.3.2. By Deployment Type
8.3.3. By End-Users
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.1.1. Market Trends and Opportunities
8.3.4.1.2. Growth Prospects
8.3.4.2. Argentina
8.3.4.2.1. Market Trends and Opportunities
8.3.4.2.2. Growth Prospects
8.3.4.3. Others
8.3.4.3.1. Market Trends and Opportunities
8.3.4.3.2. Growth Prospects
8.4. Europe
8.4.1. By Type
8.4.2. By Deployment Type
8.4.3. By End-Users
8.4.4. By Country
8.4.4.1. United Kingdom
8.4.4.1.1. Market Trends and Opportunities
8.4.4.1.2. Growth Prospects
8.4.4.2. Germany
8.4.4.2.1. Market Trends and Opportunities
8.4.4.2.2. Growth Prospects
8.4.4.3. France
8.4.4.3.1. Market Trends and Opportunities
8.4.4.3.2. Growth Prospects
8.4.4.4. Spain
8.4.4.4.1. Market Trends and Opportunities
8.4.4.4.2. Growth Prospects
8.4.4.5. Others
8.4.4.5.1. Market Trends and Opportunities
8.4.4.5.2. Growth Prospects
8.5. Middle East and Africa
8.5.1. By Type
8.5.2. By Deployment Type
8.5.3. By End-Users
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.1.1. Market Trends and Opportunities
8.5.4.1.2. Growth Prospects
8.5.4.2. UAE
8.5.4.2.1. Market Trends and Opportunities
8.5.4.2.2. Growth Prospects
8.5.4.3. Israel
8.5.4.3.1. Market Trends and Opportunities
8.5.4.3.2. Growth Prospects
8.5.4.4. Others
8.5.4.4.1. Market Trends and Opportunities
8.5.4.4.2. Growth Prospects
8.6. Asia Pacific
8.6.1. By Type
8.6.2. By Deployment Type
8.6.3. By End-Users
8.6.4. By Country
8.6.4.1. Japan
8.6.4.1.1. Market Trends and Opportunities
8.6.4.1.2. Growth Prospects
8.6.4.2. China
8.6.4.2.1. Market Trends and Opportunities
8.6.4.2.2. Growth Prospects
8.6.4.3. India
8.6.4.3.1. Market Trends and Opportunities
8.6.4.3.2. Growth Prospects
8.6.4.4. South Korea
8.6.4.4.1. Market Trends and Opportunities
8.6.4.4.2. Growth Prospects
8.6.4.5. Indonesia
8.6.4.5.1. Market Trends and Opportunities
8.6.4.5.2. Growth Prospects
8.6.4.6. Thailand
8.6.4.6.1. Market Trends and Opportunities
8.6.4.6.2. Growth Prospects
8.6.4.7. Others
8.6.4.7.1. Market Trends and Opportunities
8.6.4.7.2. Growth Prospects
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Atos
10.2. Sphera (Blackstone)
10.3. Black & Veatch Holding Company
10.4. RPS Group (Tetra Tech UK Holdings Limited)
10.5. Accenture
10.6. Integrated Environmental Solutions (IES) Ltd.
10.7. Guidehouse (Veritas Capital)
10.8. DNV Group AS
10.9. Infosys
10.10. GE Digital (General Electric)
10.11. Siemens Energy
Atos
Sphera (Blackstone)
Black & Veatch Holding Company
RPS Group (Tetra Tech UK Holdings Limited)
Accenture
Integrated Environmental Solutions (IES) Ltd.
Guidehouse (Veritas Capital)
Infosys
GE Digital (General Electric)
Siemens Energy
Related Reports
Report Name | Published Month | Get Sample PDF |
---|---|---|
Butadiene Market Size, Share & Trends: Industry Report, 2024–2029 | Mar 2024 | |
Ammonia Market Size, Share & Trends: Industry Report, 2022-2027 | Sep 2022 | |
Nano-Composites Market Size & Share: Industry Report, 2022 – 2027 | Jul 2022 | |
Nuclear Fuel market Size & Share, Industry Report, 2023 – 2028 | Mar 2023 | |
Green Ammonia Market Size & Share: Industry Report, 2023-2028 | Jun 2023 |