PUBLISHER: Roots Analysis | PRODUCT CODE: 1830270
PUBLISHER: Roots Analysis | PRODUCT CODE: 1830270
As per Roots Analysis, the global carbon neutrality market size is estimated to grow from USD 12.5 billion in the current year USD 27.22 billion by 2035, at a CAGR of 7.33% during the forecast period, till 2035.
The opportunity for carbon neutrality market has been distributed across the following segments:
Type of Activity
Type of Component
Industries Served
Type of Enterprise
Geographical Regions
Carbon Neutrality Market: Growth and Trends
Carbon neutrality refers to a condition in which the quantity of carbon dioxide released into the atmosphere matches the amount that is taken out, resulting in a net-zero carbon emissions level through strategies aimed at reducing carbon footprints. Importantly, the benefits of achieving carbon neutrality not only address the negative impacts of climate change but also contribute to decreased environmental pollution, enhanced public health, economic growth through the creation of green jobs, improved food security, and the protection of biodiversity.
The market for carbon neutrality worldwide is projected to experience steady growth during the forecast period, driven by increasing demand in developing nations such as China and India. Further, advancements and innovations in carbon neutrality products, including carbon capture and storage (CCS) as well as direct air capture, are leading this initiative, allowing industries to lower their emissions. Significantly, companies like Microsoft are making considerable investments in carbon neutrality initiatives to speed up the advancement of these technologies, illustrating a trend toward corporate sustainability objectives in attaining carbon neutrality.
Owing to the above mentioned factors, the carbon neutrality market is expected to grow significantly during the forecast period.
Carbon Neutrality Market: Key Segments
Based on type of activity, the global carbon neutrality market is segmented into emissions reduction and renewable energy use. According to our estimates, currently, the naphthenic segment captures the majority of the market share. This is due to its holistic strategy for tackling greenhouse gas emissions across multiple sectors, especially in industries that are heavy on energy consumption.
On the other hand, the renewable energy use segment is projected to experience a comparatively higher CAGR during the forecast period. This growth can be attributed to the rising global energy needs, and increased concerns about energy security.
Based on type of component, the global carbon neutrality market is segmented into services and solutions. According to our estimates, currently, the services segment captures the majority of the market share. This is due to the rising complexity of carbon management and the increasing need for expert assistance among organizations aiming to reach their sustainability objectives.
Based on industries served, the global carbon neutrality market is segmented into manufacturing, shipping & logistics and energy & utilities. According to our estimates, currently, the energy & utilities segment captures the majority of the market share. Additionally, this segment is anticipated to experience a faster growth rate during the forecast period. This can be attributed to its critical role in developing strategies aimed at reducing greenhouse gas emissions, as it is among the largest sources of carbon emissions.
Based on type of enterprise, the global carbon neutrality market is segmented into large enterprise and small and medium enterprises. According to our estimates, currently, the large enterprise segment captures the majority of the market share. This trend can be attributed to their substantial financial resources, allowing them to invest in cutting-edge technologies and carbon neutrality programs.
Based on geographical regions, the carbon neutrality market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. Conversely, Asia is expected to experience a notably higher compound annual growth rate (CAGR) during the forecast period. The primary drivers of this swift growth include strong government commitments from China, Japan, and South Korea to attain net-zero emissions.
Carbon Neutrality Market: Research Coverage
The report on the carbon neutrality market features insights on various sections, including:
Key Questions Answered in this Report
Reasons to Buy this Report
Additional Benefits