Climate Tech Market

Climate Tech Market



Growth Factors of Climate Tech Market

The climate tech market size was valued at USD 20.43 billion in 2023, and the market is now projected to grow from USD 25.32 billion in 2024 to USD 149.27 billion by 2032, exhibiting a CAGR of 24.8% during the forecast period of 2024-2032.

During the COVID-19 pandemic, public equities surged, reaping benefits the climate tech market, however this momentum waned due to the Russia-Ukraine battle and shifting government priorities. Supply chain disruptions additionally negatively impacted the market. Despite those demanding situations, developing awareness, digital transformation, and net-zero initiatives have pushed latest market boom. A high-quality shift is anticipated within the climate tech region inside the coming years.

Key drivers of the market include heightened public consciousness and strong governmental aid. Many corporations and international locations have set net-zero targets for 2050, aligning with the Paris Agreement's purpose to limit worldwide warming to 1.5°C. These entities intention to reduce emissions by 45% with the aid of 2030 and acquire net-zero emissions by using 2050.

Current market trends include technological improvements, regulatory changes, and heightened environmental focus. Companies are accelerating efforts to attain net-zero targets by using expanding renewable strength use, electrifying transportation, and emphasizing circular economic system and waste control projects. These tendencies reflect a broader commitment to sustainability and environmental responsibility.

Comprehensive Analysis of Climate Tech Market

The climate tech market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by enterprise type analysis, by technology analysis and by application analysis. By enterprise type analysis incudes large enterprises and SMEs. By technology analysis incudes IoT, digital twins, AI, building information modeling, and others. By application analysis incudes agriculture, energy and utilities, and others.

The North America region lead the climate tech market share by benefitting a market size of USD 7.51 billion in 2023 due to its substantial investments in clean technology and sustainability initiatives.

The top players in the market play a crucial role in the technology industry assuring industrial prospectus growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Ørsted, Climeworks, Intelex Technologies, Pachama, Inc., Schneider Electric, CropX Inc., General Electric Co, IsoMetrix, Microsoft Corporation these market players provide a level-playing competitive landscape.

In May 2024, Schneider Electric partnered with Crux to secure Section 45X Advanced Manufacturing Production Tax Credits from Silfab Solar, leveraging the Inflation Reduction Act to boost renewable energy infrastructure and sustainability.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 24.8% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Enterprise Type
  • Large Enterprises
  • SMEs
By Technology
  • IoT
  • Digital Twins
  • AI
  • Building Information Modeling
  • Others (Agent-based Modeling)
By Application
  • Agriculture
- Sustainable Farming

- Crop Yield/Health Stability

- Agriculture Research

- Livestock Monitoring

- Water Management

- Soil Management

- Others (Smart Farming)
  • Energy and Utilities
- GHG Emissions

- Weather Monitoring

- Smart Grid Optimization

- Power Generation & Distribution

- Renewable Energy
  • Others (Sustainable Mobility)
By Region
  • North America (By Enterprise Type, Technology, Application, and Country)
- U.S.

- Canada

- Mexico
  • South America (By Enterprise Type, Technology, Application, and Country)
- Brazil

- Argentina

- Rest of South America
  • Europe (By Enterprise Type, Technology, Application, and Country)
- U.K.

- Germany

- France

- Italy

- Spain

- Russia

- Benelux

- Nordics

- Rest of Europe
  • Middle East & Africa (By Enterprise Type, Technology, Application, and Country)
- Turkey

- Israel

- GCC

- North Africa

- South Africa

- Rest of the Middle East & Africa
  • Asia Pacific (By Enterprise Type, Technology, Application, and Country)
- China

- Japan

- India

- South Korea

- ASEAN

- Oceania

- Rest of the Asia Pacific


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1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of Generative AI
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Climate Tech Key Players Market Share/Ranking, 2023
5. Global Climate Tech Market Size Estimates and Forecasts, By Segments, 2019-2032
5.1. Key Findings
5.2. By Enterprise Type (USD)
5.2.1. Large Enterprises
5.2.2. SMEs
5.3. By Technology (USD)
5.3.1. IoT
5.3.2. Digital Twins
5.3.3. AI
5.3.4. Building Information Modelling
5.3.5. Others (Agent-based Modelling, etc.)
5.4. By Application (USD)
5.4.1. Agriculture
5.4.1.1. Sustainable Farming
5.4.1.2. Crop Yield/Health Stability
5.4.1.3. Agriculture Research
5.4.1.4. Livestock Monitoring
5.4.1.5. Water Management
5.4.1.6. Soil Management
5.4.1.7. Others (Smart Farming, etc.)
5.4.2. Energy and Utilities
5.4.2.1. GHG Emissions
5.4.2.2. Weather Monitoring
5.4.2.3. Smart Grid Optimization
5.4.2.4. Power Generation & Distribution
5.4.2.5. Renewable Energy
5.4.3. Others (Sustainable Mobility, etc.)
5.5. By Region (USD)
5.5.1. North America
5.5.2. South America
5.5.3. Europe
5.5.4. Middle East & Africa
5.5.5. Asia Pacific
6. North America Climate Tech Market Size Estimates and Forecasts, By Segments, 2019-2032
6.1. Key Findings
6.2. By Enterprise Type (USD)
6.2.1. Large Enterprises
6.2.2. SMEs
6.3. By Technology (USD)
6.3.1. IoT
6.3.2. Digital Twins
6.3.3. AI
6.3.4. Building Information Modelling
6.3.5. Others (Agent-based Modelling, etc.)
6.4. By Application (USD)
6.4.1. Agriculture
6.4.1.1. Sustainable Farming
6.4.1.2. Crop Yield/Health Stability
6.4.1.3. Agriculture Research
6.4.1.4. Livestock Monitoring
6.4.1.5. Water Management
6.4.1.6. Soil Management
6.4.1.7. Others (Smart Farming, etc.)
6.4.2. Energy and Utilities
6.4.2.1. GHG Emissions
6.4.2.2. Weather Monitoring
6.4.2.3. Smart Grid Optimization
6.4.2.4. Power Generation & Distribution
6.4.2.5. Renewable Energy
6.4.3. Others (Sustainable Mobility, etc.)
6.5. By Country (USD)
6.5.1. U.S.
6.5.2. Canada
6.5.3. Mexico
7. South America Climate Tech Market Size Estimates and Forecasts, By Segments, 2019-2032
7.1. Key Findings
7.2. By Enterprise Type (USD)
7.2.1. Large Enterprises
7.2.2. SMEs
7.3. By Technology (USD)
7.3.1. IoT
7.3.2. Digital Twins
7.3.3. AI
7.3.4. Building Information Modelling
7.3.5. Others (Agent-based Modelling, etc.)
7.4. By Application (USD)
7.4.1. Agriculture
7.4.1.1. Sustainable Farming
7.4.1.2. Crop Yield/Health Stability
7.4.1.3. Agriculture Research
7.4.1.4. Livestock Monitoring
7.4.1.5. Water Management
7.4.1.6. Soil Management
7.4.1.7. Others (Smart Farming, etc.)
7.4.2. Energy and Utilities
7.4.2.1. GHG Emissions
7.4.2.2. Weather Monitoring
7.4.2.3. Smart Grid Optimization
7.4.2.4. Power Generation & Distribution
7.4.2.5. Renewable Energy
7.4.3. Others (Sustainable Mobility, etc.)
7.5. By Country (USD)
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South America
8. Europe Climate Tech Market Size Estimates and Forecasts, By Segments, 2019-2032
8.1. Key Findings
8.2. By Enterprise Type (USD)
8.2.1. Large Enterprises
8.2.2. SMEs
8.3. By Technology (USD)
8.3.1. IoT
8.3.2. Digital Twins
8.3.3. AI
8.3.4. Building Information Modelling
8.3.5. Others (Agent-based Modelling, etc.)
8.4. By Application (USD)
8.4.1. Agriculture
8.4.1.1. Sustainable Farming
8.4.1.2. Crop Yield/Health Stability
8.4.1.3. Agriculture Research
8.4.1.4. Livestock Monitoring
8.4.1.5. Water Management
8.4.1.6. Soil Management
8.4.1.7. Others (Smart Farming, etc.)
8.4.2. Energy and Utilities
8.4.2.1. GHG Emissions
8.4.2.2. Weather Monitoring
8.4.2.3. Smart Grid Optimization
8.4.2.4. Power Generation & Distribution
8.4.2.5. Renewable Energy
8.4.3. Others (Sustainable Mobility, etc.)
8.5. By Country (USD)
8.5.1. U.K.
8.5.2. Germany
8.5.3. France
8.5.4. Italy
8.5.5. Spain
8.5.6. Russia
8.5.7. Benelux
8.5.8. Nordics
8.5.9. Rest of Europe
9. Middle East & Africa Climate Tech Market Size Estimates and Forecasts, By Segments, 2019-2032
9.1. Key Findings
9.2. By Enterprise Type (USD)
9.2.1. Large Enterprises
9.2.2. SMEs
9.3. By Technology (USD)
9.3.1. IoT
9.3.2. Digital Twins
9.3.3. AI
9.3.4. Building Information Modelling
9.3.5. Others (Agent-based Modelling, etc.)
9.4. By Application (USD)
9.4.1. Agriculture
9.4.1.1. Sustainable Farming
9.4.1.2. Crop Yield/Health Stability
9.4.1.3. Agriculture Research
9.4.1.4. Livestock Monitoring
9.4.1.5. Water Management
9.4.1.6. Soil Management
9.4.1.7. Others (Smart Farming, etc.)
9.4.2. Energy and Utilities
9.4.2.1. GHG Emissions
9.4.2.2. Weather Monitoring
9.4.2.3. Smart Grid Optimization
9.4.2.4. Power Generation & Distribution
9.4.2.5. Renewable Energy
9.4.3. Others (Sustainable Mobility, etc.)
9.5. By Country (USD)
9.5.1. Turkey
9.5.2. Israel
9.5.3. GCC
9.5.4. North Africa
9.5.5. South Africa
9.5.6. Rest of MEA
10. Asia Pacific Climate Tech Market Size Estimates and Forecasts, By Segments, 2019-2032
10.1. Key Findings
10.2. By Enterprise Type (USD)
10.2.1. Large Enterprises
10.2.2. SMEs
10.3. By Technology (USD)
10.3.1. IoT
10.3.2. Digital Twins
10.3.3. AI
10.3.4. Building Information Modelling
10.3.5. Others (Agent-based Modelling, etc.)
10.4. By Application (USD)
10.4.1. Agriculture
10.4.1.1. Sustainable Farming
10.4.1.2. Crop Yield/Health Stability
10.4.1.3. Agriculture Research
10.4.1.4. Livestock Monitoring
10.4.1.5. Water Management
10.4.1.6. Soil Management
10.4.1.7. Others (Smart Farming, etc.)
10.4.2. Energy and Utilities
10.4.2.1. GHG Emissions
10.4.2.2. Weather Monitoring
10.4.2.3. Smart Grid Optimization
10.4.2.4. Power Generation & Distribution
10.4.2.5. Renewable Energy
10.4.3. Others (Sustainable Mobility, etc.)
10.5. By Country (USD)
10.5.1. China
10.5.2. Japan
10.5.3. India
10.5.4. South Korea
10.5.5. ASEAN
10.5.6. Oceania
10.5.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Google LLC (Alphabet, Inc.)
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Ørsted
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Climeworks
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Intelex Technologies
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Pachama, Inc.
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. Schneider Electric
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. CropX Inc.
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. General Electric Co
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. IsoMetrix
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. Microsoft Corporation
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments
12. Key Takeaways
13.

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