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PUBLISHER: Grand View Research | PRODUCT CODE: 1363536
PUBLISHER: Grand View Research | PRODUCT CODE: 1363536
Decarbonization Market Size, Share & Trends Analysis Report By Technology, By Service (Carbon Accounting & Reporting, Sustainable Transportation Services), By Deployment, By End-use, By Region, And Segment Forecasts, 2023 - 2030
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Decarbonization Market Growth & Trends:
The global decarbonization market size is expected to reach USD 4.06 trillion by 2030, registering a CAGR of 11.6% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Decarbonization is about reducing CO2 emissions resulting from human activity, with the eventual goal of eliminating them. Technologies for decarbonization are advancing quickly. Sector-specific energy efficiency and demand-side policies will continue to impact and primarily coincide with investment and retrofit cycles. In hard-to-decarbonize industries, CCUS (Carbon capture, utilization, and storage) and hydrogen will co-exist and play a crucial balancing role with effects seen after 2030.
The transition to Net Zero will involve many dimensions covering infrastructure, technology, capital, and above all people who will need to act together to make this happen. To accelerate the transformation required to reach Net Zero by 2050, the Climate Ambition Alliance was formed ahead of the 2021 United Nations Climate Change Conference, also known as COP26,6, to align decarbonization efforts by countries, corporations, cities and further facilitate the countries to submit their enhanced nationally determined contributions (NDCs), targeting the emission reduction requirements. As of September 2020, more than 120 countries have committed to Net Zero targets through the Climate Ambition Alliance.
Globally, an increasing number of companies have made climate change mitigation commitments to chart a path towards decarbonization. A larger number of companies are now going for public disclosure on their emissions and setting ambitious targets for themselves. Several initiatives including science-based targets initiative,13 UN - Global Impact, Business Ambition for 1.5°C, and 14 B- Corps commitment to reach Net Zero, have witnessed enhanced corporate participation in recent years.
Significant initiatives by governments are fueling the market growth. For instance, The government of Japan has set goals for reaching carbon neutrality by 2050 and cutting carbon emissions by 50% by 2030. For instance, in September 2022, GE Renewable Energy declared the company had been chosen as the provider for the Fukaura Wind Farm in Japan by GPI (Green Power Investment). The project is GE's third with GPI in Japan and will include 19 units of the 4.2-117 onshore wind turbine. A 10-year full-service contract with the option of an extension is also included in the agreement. Tohoku Electric Power Co., Inc. is assisting the project as a strategic partner in GPI's efforts in the Tohoku region.
Decarbonization Market Report Highlights:
- Based on technology, the renewable energy technologies segment led the market and accounted for over 69% share of the global revenue in 2022. Renewable energy plants in regions have increased owing to the stringent government regulations regarding emissions. The power scenario in the country has been witnessing a change with the increased adoption of gas-based and renewable power sources as compared to coal-based power generation
- Based on service, the sustainable transportation services segment led the market and accounted for over 48% share of the global revenue in 2022. Sustainable transportation services refer to options and solutions that prioritize environmental sustainability, reduce carbon emissions, minimize resource consumption, and promote social and economic well-being
- Based on deployment, the cloud segment is expected to grow at the fastest CAGR over the forecast period. Deploying decarburization over the cloud is cost-effective, highly scalable, and provides easier execution, maintenance, and upgrades. This is expected to bode well for the growth of the segment
- The oil and gas end-use industry contributes significantly to global greenhouse gas emissions through the extraction, production, and use of fossil fuels. Decarbonization in the oil and gas sector refers to attempts to minimize the industry's carbon footprint and transition to a more sustainable and low-carbon energy future
- The expanding installation of solar power projects in China and India is driving the demand for renewable energy solutions in the Asia Pacific
Product Code: GVR-4-68040-129-9
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Decarbonization Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.2.4. Industry Opportunities
- 3.3. Decarbonization Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political Landscape
- 3.3.2.2. Economic and Social Landscape
- 3.3.2.3. Technological Landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. Decarbonization Market: Service Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Decarbonization Market: Service Movement Analysis, USD Billion, 2022 & 2030
- 4.3. Carbon Accounting and Reporting services
- 4.3.1. Carbon Accounting and Reporting services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.4. Sustainable Transportation Services
- 4.4.1. Sustainable Transportation Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.5. Waste Reduction and Circular Economy Services
- 4.5.1. Waste Reduction and Circular Economy Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 5. Decarbonization Market: Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Decarbonization Market: Technology Movement Analysis, USD Billion, 2022 & 2030
- 5.3. Renewable Energy
- 5.3.1. Renewable Energy Technologies Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.4. Energy Efficiency Solutions
- 5.4.1. Energy Efficiency Solutions Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.5. Electric Vehicles (EVs)
- 5.5.1. Electric Vehicles (EVs) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion
- 5.6. Carbon Removal Technologies
- 5.6.1. Carbon Removal Technologies Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion
- 5.7. Carbon Capture and Storage (CCS)
- 5.7.1. Carbon Capture and Storage (CCS) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion
Chapter 6. Decarbonization Market: Deployment Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Decarbonization Market: Deployment Movement Analysis, USD Billion, 2022 & 2030
- 6.3. Cloud
- 6.3.1. Cloud Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4. On-premises
- 6.4.1. On-premises Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 7. Decarbonization Market: End-use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Decarbonization Market: End-use Movement Analysis, USD Billion, 2022 & 2030
- 7.3. Oil & Gas
- 7.3.1. Oil & Gas Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.4. Energy and Utility
- 7.4.1. Energy and Utility Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.5. Agriculture
- 7.5.1. Agriculture Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.6. Government
- 7.6.1. Government Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.7. Automotive & Transportation
- 7.7.1. Automotive & Transportation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.8. Aerospace & Defense
- 7.8.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.9. Manufacturing
- 7.9.1. Manufacturing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 8. Decarbonization Market: Regional Estimates & Trend Analysis
- 8.1. Decarbonization Market Share, By Region, 2022 & 2030, USD Billion
- 8.2. North America
- 8.2.1. North America Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.2.3. Canada
- 8.2.3.1. Canada Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3.2. UK
- 8.3.2.1. UK Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3.3. Germany
- 8.3.3.1. Germany Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3.4. France
- 8.3.4.1. France Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.2. China
- 8.4.2.1. China Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.3. Japan
- 8.4.3.1. Japan Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.4. India
- 8.4.4.1. India Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.6. Australia
- 8.4.6.1. Australia Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.5.3. Mexico
- 8.5.3.1. Mexico Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6. Middle East & Africa
- 8.6.1. Middle East & Africa Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6.2. Kingdom of Saudi Arabia
- 8.6.2.1. Kingdom of Saudi Arabia Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6.3. UAE
- 8.6.3.1. UAE Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Decarbonization Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Heat Map Analysis
- 9.7. Strategy Mapping
- 9.8. Company Profiles/Listing
- 9.8.1. Deloitte
- 9.8.2. IBM
- 9.8.3. Atos SE
- 9.8.4. Accenture
- 9.8.5. Siemens
- 9.8.6. SAP SE
- 9.8.7. EcoAct
- 9.8.8. GE DIGITAL
- 9.8.9. Dakota Software.
- 9.8.10. EnergyCap.
- 9.8.11. Isometrix
- 9.8.12. Trinity Consultants
Product Code: GVR-4-68040-129-9
List of Tables
- Table 1 Global Decarbonization market by Service, 2017 - 2030 (USD Billion)
- Table 2 Global Decarbonization market by Technology, 2017 - 2030 (USD Billion)
- Table 3 Global Decarbonization market by Deployment, 2017 - 2030 (USD Billion)
- Table 4 Global Decarbonization market by End-use, 2017 - 2030 (USD Billion)
- Table 5 Global Decarbonization market by Region, 2017 - 2030 (USD Billion)
- Table 6 North America Decarbonization market by country, 2017 - 2030 (USD Billion)
- Table 7 Europe Decarbonization market by country, 2017 - 2030 (USD Billion)
- Table 8 Asia Pacific Decarbonization market by country, 2017 - 2030 (USD Billion)
- Table 9 Latin America Decarbonization market by type, 2017 - 2030 (USD Billion)
- Table 10 MEA Decarbonization market by country, 2017 - 2030 (USD Billion)
- Table 11 Key companies launching new products/Services
- Table 12 Key companies engaged in mergers & acquisitions
- Table 13 Key companies engaged in Research & development
- Table 14 Key Companies engaged in expansion
List of Figures
- Fig. 1 Decarbonization Market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain-based sizing & forecasting
- Fig. 7 QFD modeling for market share assessment
- Fig. 8 Parent market analysis
- Fig. 9 Patient-population model
- Fig. 10 Market formulation & validation
- Fig. 11 Decarbonization market snapshot
- Fig. 12 Decarbonization market segment snapshot
- Fig. 13 Decarbonization market competitive landscape snapshot
- Fig. 14 Market research process
- Fig. 15 Market driver relevance analysis (Current & future impact)
- Fig. 16 Market restraint relevance analysis (Current & future impact)
- Fig. 17 Decarbonization Market, Component outlook key takeaways (USD Billion)
- Fig. 18 Decarbonization Market: Component movement analysis 2022 & 2030 (USD Billion)
- Fig. 19 Services market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 20 Carbon Accounting and Reporting services market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 21 Sustainable Transportation Services market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 22 Waste Reduction and Circular Economy Services market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 23 Decarbonization Market: Technology outlook key takeaways (USD Billion)
- Fig. 24 Decarbonization Market: Technology movement analysis 2022 & 2030 (USD Billion)
- Fig. 25 Renewable Energy Technologies market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 26 Energy Efficiency Solutions market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 27 Electric Vehicles (EVs) market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 28 Carbon Removal Technologies market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 29 Carbon Capture and Storage (CCS) market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 30 Decarbonization Market: Deployment outlook key takeaways (USD Billion)
- Fig. 31 Decarbonization Market: Deployment movement analysis 2022 & 2030 (USD Billion)
- Fig. 32 On-premises market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 33 Cloud market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 34 Decarbonization Market: End-use outlook key takeaways (USD Billion)
- Fig. 35 Decarbonization Market: End-use movement analysis 2022 & 2030 (USD Billion)
- Fig. 36 Oil & Gas market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 37 Energy and Utility market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 38 Agriculture market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 39 Government market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 40 Automotive & Transportation market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 41 Aerospace & Defense market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 42 Manufacturing market revenue estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 43 Regional marketplace: Key takeaways
- Fig. 44 Decarbonization Market: Regional outlook, 2022 & 2030 (USD Billion)
- Fig. 45 North America Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 46 U.S. Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 47 Canada Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 48 Europe Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 49 UK Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 50 Germany Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 51 France Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 52 Asia Pacific Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 53 Japan Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 54 China Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 55 India Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 56 South Korea Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 57 Australia Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 58 Latin America Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 59 Brazil Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 60 Mexico Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 61 MEA Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 62 South Africa Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 63 Kingdom of Saudi Arabia Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 64 UAE Decarbonization market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 65 Strategy framework
- Fig. 66 Company Categorization
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