Climate Resilient Technologies

Climate Resilient Technologies

Climate Resilient Technologies are defined as innovative and flexible solutions that can help to mitigate the effects of climate change and make communities more resilient to its effects. These technologies have been designed to withstand extreme climatic events such as sea level rise, and other challenges related to climate change. To ensure an independent supply of water and energy for remote rural installations as well as continuous use during emergencies, technologies like solar-powered photovoltaics, water pumps, and vaccination chains can enhance resilience.

The Climate Resilient Technologies Market is expected to grow at a steady rate of around 18% owing to the transition to renewable energy sources such as solar, wind, and hydropower which can effectively reduce carbon emissions and dependency on fossil fuels. Major companies in the market offer climate resilient technologies with technologically advanced features. For instance, in Oct 2022, Apple called on the global supply chain to decarbonize by 2030. The company accelerated the work with suppliers to decarbonize Apple-related production and expands investments in clean energy and climate solutions around the world.

• Based on solution, the market is segmented into Climate Resilience Solutions and Services {Integration & Implementation, Consulting Services, and Support & Maintenance}. The Climate Resilience Solutions category is expected to grow with a significant CAGR during the forecast period. Climate resilience solutions are aimed at helping businesses and communities cope with the impacts of climate change, such as extreme weather events, sea level rise, or drought. These technologies can help reduce greenhouse gas emissions, improve energy efficiency, and increase the resilience of critical infrastructure.
• On the basis of enterprises size, the market is bifurcated into SMEs and Large Enterprises. Among these, Large Enterprises are expected to grow with a significant CAGR during the forecast period. This is mainly due to the growing concern to reduce their carbon footprint, save costs, and improve their resilience in the face of extreme weather events and other climate-related risks. In addition, the growing regulatory environment, with governments around the world implementing policies and regulations to encourage the adoption of sustainable technologies. Thus, increasing the demand for the Large Enterprises size category which in turn grows the market of climate resilient technologies.
• Based on end-user, the climate resilient technologies market has been classified into energy & utilities, agriculture, and others. The energy & utilities category is expected to grow with a significant CAGR during the forecast period. This is mainly due to the rising investments in climate resilient technology such as smart grids, renewable energy sources, and energy storage systems. This technology can help improve the efficiency and reliability of energy supply and services, reducing greenhouse gas emissions while improving resilience for vital infrastructure. Seeking innovative and sustainable solutions to meet the needs of customers and stakeholders, while at the same time reducing their environmental impact. Thus, increasing the demand for energy & utilities is further expected to increase the demand for climate resilient technologies in the market during the forecasted period.
• For a better understanding of the market adoption of the Climate Resilient Technologies 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, India, Japan, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the impacts of climate change, with rising sea levels, more frequent extreme weather events, and changing precipitation patterns. This has led to an increased focus on climate adaptation and mitigation measures in the region. Additionally, there is a growing awareness among governments and companies in the APAC region of the economic benefits adopting of climate resilient technologies. These technologies help in reducing greenhouse gas emissions, increase energy efficiency, and improve the resilience of infrastructure and supply chains. Thus, there is a growing demand for innovative solutions that help businesses reduce their carbon footprint and become more sustainable.
• Some of the major players operating in the market include 3M; Terrafuse; ClimateAi; Climavision; Challenergy Inc.; Arup; Saint-Gobain; Kingspan Group; Gro Intelligence; Nephila Capital Ltd.