Summary

The global climate tech market is expected to grow at a significant rate of around 24% during the forecast period. Climate technologies are those that are deployed to combat climate change. It involves creating and implementing solutions that can help individuals, organizations, and governments transition to more sustainable and environmentally friendly practices.

The climate tech market is a rapidly growing sector that is focused on developing and implementing technologies and solutions that can help to mitigate the effects of climate change. The market includes a broad range of companies and technologies, including renewable energy, energy efficiency, carbon capture and storage, sustainable transportation, and agriculture and food systems. The market growth is being driven by a combination of factors, including increasing public awareness of the need to address climate change, government policies and regulations aimed at reducing greenhouse gas emissions, and advances in technology that have made renewable energy and other climate-friendly technologies more affordable and accessible.

General Electric; IBM; Wolters Kluwer N.V.; Salesforce, Inc; Microsoft; Schneider Electric; ENGIE Impact; Intelex Technologies; Sensus; and ISOMETRIX. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst components, climate tech solutions category held the largest market share”
On the basis of components, the market is segmented into climate tech solutions and services. Climate tech solutions are expected to have the largest market share in 2021 and are expected to maintain similar growth during the forecast period. Factors such as growing environmental concerns are expected to influence market growth. Furthermore, climate tech solutions are also seen as a significant economic opportunity, as the global market for low-carbon technologies is expected to grow significantly in the coming years. Investors are increasingly recognizing the potential for profitable investments in clean energy and other climate tech solutions.

“Amongst application, the green building segment is expected to grow with a significant CAGR.”
Based on application, the market is segmented into carbon footprint management, green building, water purification, and others. The green building segment is expected to grow with the highest CAGR during the forecast period. The growth of the segment is attributed to the increasing environmental regulations and policies. Governments around the world are increasingly implementing environmental regulations and policies to reduce carbon emissions and combat climate change. These policies often require buildings to be more energy-efficient, which has led to the adoption of green building technologies.

“North America is anticipated to grow at a substantial CAGR during the forecast period.”
For a better understanding of the market adoption of the climate tech industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. Government policies and initiatives have played a key role in driving the growth of the climate tech market. For instance, according to CNBC, the U.S government is aiming to reduce about 40% of carbon emissions by 2050. Furthermore, the presence of developed economies in the region such as the USA and Canada which invests heavily in climate protection is expected to drive the market during the forecast period.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global climate tech market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

ページTOPに戻る

Table of Contents