PUBLISHER: The Business Research Company | PRODUCT CODE: 1717252
PUBLISHER: The Business Research Company | PRODUCT CODE: 1717252
Net zero solutions involve a range of strategies designed to minimize greenhouse gas emissions to as close to zero as possible and offset any remaining emissions through methods such as carbon capture. These solutions typically include renewable energy technologies, energy efficiency measures, and carbon offset projects, with the overarching goal of mitigating climate change impacts and achieving long-term environmental sustainability.
The primary types of energy used in net zero solutions include solar, wind, hydro, geothermal, and other renewable sources. Solar energy captures sunlight to produce electricity or heat, offering a sustainable alternative to fossil fuels and playing a crucial role in reaching net-zero emissions. These solutions are applied in various settings, including upstream and downstream locations, and serve different applications such as industry, buildings, transport, and heating, among others.
The net-zero solutions market research report is one of a series of new reports from The Business Research Company that provides net zero solutions market statistics, including net zero solutions industry global market size, regional shares, competitors with a net zero solutions market share, detailed net zero solutions market segments, market trends, and opportunities, and any further data you may need to thrive in the net zero solutions industry. This net-zero solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The net zero solutions market size has grown exponentially in recent years. It will grow from $4.54 billion in 2024 to $5.64 billion in 2025 at a compound annual growth rate (CAGR) of 24.1%. The growth in the historic period can be attributed to rising public awareness of climate change, growing initial investments in green technologies, the development of carbon pricing mechanisms, the emergence of corporate sustainability initiatives, and rising significant advances in energy efficiency.
The net zero solutions market size is expected to see exponential growth in the next few years. It will grow to $13.25 billion in 2029 at a compound annual growth rate (CAGR) of 23.8%. The growth in the forecast period can be attributed to increasing corporate net zero commitments, expansion of green financing opportunities, integration of AI for energy optimization, stricter global climate policies, and rising consumer demand for sustainable products and services. Major trends in the forecast period include the adoption of green hydrogen technology, advancements in energy storage solutions, integration of AI for energy efficiency, expansion of the use of carbon capture and storage (CCS), and adoption of smart grid technologies.
The demand for clean energy is anticipated to drive the growth of the net zero solutions market in the future. Clean energy refers to energy sourced from methods that have minimal environmental impact and emit little to no greenhouse gases. This demand is fueled by concerns about climate change, technological advancements, and supportive government policies and incentives. Net zero solutions are crucial for advancing clean energy, focusing on balancing greenhouse gas emissions through renewable energy adoption, efficiency improvements, and investment in carbon capture. This strategy helps reduce carbon footprints and promotes sustainable practices. For example, in March 2024, a report by the American Clean Power Association indicated that in 2023, the clean energy industry installed 33.8 gigawatts (GW) of new utility-scale clean energy projects, a 12.5% increase over the previous record set in 2021. Thus, the growing demand for clean energy is fueling the expansion of the net zero solutions market.
Major companies in the net zero solutions market are focusing on developing advanced technologies, such as greenhouse gas emissions trackers, to support global climate neutrality efforts and comply with regulatory requirements. A greenhouse gas emissions tracker gathers and analyzes data on emissions levels to provide insights into sources and quantities of greenhouse gases (GHG), aiding in the management and reduction of carbon footprints. For example, in February 2022, Salesforce, Inc., a US-based software company, introduced Net Zero Cloud 2.0. This platform assists companies in setting science-based goals and tracking their progress. The updated version monitors scope 3 emissions across the entire value chain and helps suppliers and distributors reduce their emissions. Organizations can accelerate their path to net-zero carbon emissions by using 'what-if' analysis to visualize progress and ensure alignment with climate commitments. The platform offers actionable insights through advanced analytics and Tableau-based data visualization, and facilitates real-time environmental, social, and governance (ESG) reporting to improve transparency and track net-zero progress.
In November 2023, Schneider Electric SE, a France-based provider of energy management and automation solutions, acquired EcoAct SAS for an undisclosed sum. This acquisition is intended to bolster Schneider Electric's capabilities in sustainability consulting and carbon management, further reinforcing its commitment to assisting organizations in reaching their environmental goals and advancing their climate strategies. EcoAct SAS, a French climate consultancy and project developer, offers net-zero solutions.
Major companies operating in the net zero solutions market are Siemens AG, Accenture Plc, Iberdrola S.A, Veolia Environnement SA, Jacobs Solutions Inc., AECOM, Arup Group, Vestas Wind Systems A/S, EDF Renewable Inc., Schneider Electric SE, Tetra Tech Inc., Mott MacDonald Group Limited, Bloom Energy Corporation, Institutional Shareholder Services Inc., Babcock & Wilcox Enterprises Inc., Royal HaskoningDHV, Sungrow, Mercuria Energy Group Limited, Sustainable Energy for All (SEforALL), Carbon Clean Solutions Pvt Ltd., GranBio, E.ON Next Energy Limited, Envision Group
Asia-Pacific was the largest region in the net-zero solutions market in 2024. The regions covered in the net zero solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the net zero solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The net zero solutions market consists of revenues earned by entities by providing services such as carbon footprint assessment, emission reduction strategies, carbon offset projects, and carbon-neutral certification. The market value includes the value of related goods sold by the service provider or included within the service offering. The net zero solutions market also includes sales of energy storage systems, energy efficiency devices, reforestation, and afforestation tools. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Net Zero Solutions Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on net zero solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for net zero solutions ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The net zero solutions market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.