Decarbonization Industry Overview
The global Decarbonization Market was valued at $2.09 trillion in 2024 and is expected to witness substantial growth, with a projected CAGR of 11.7% from 2025 to 2030. A key driver for this expansion is the heightened focus on climate change within Environmental, Social, and Governance (ESG) frameworks, which is accelerating the demand for solutions aimed at reducing carbon emissions. Integrating sustainability into digital transformation initiatives will be crucial in assisting businesses to adopt environmentally conscious practices, considering ecological factors from both a commercial and risk perspective. Consequently, increased awareness of climate impact, consensus on climate goal boundaries, and the development of robust, comprehensive action plans will all contribute to the market's advancement.
Detailed Segmentation:
- Technology Insights
The electric vehicle segment is expected to register a significant CAGR growth during the forecast period. Stringent vehicle emissions regulations have led to the rise in demand for electric vehicles. For instance, the European Union set itself a net-zero greenhouse gas emissions target by 2050. Electric vehicles produce lower emissions as compared to conventional vehicles. This has led governments worldwide to increase awareness and promote the adoption of EVs to reduce oil consumption, air pollution, and related emissions. Some of the most comprehensive promotions are done in the Netherlands and Norway. Thus, the market will grow notably during the forecast period.
- Service Insights
The carbon accounting and reporting services segment will register a significant CAGR from 2025 to 2030. The process of computing, evaluating, measuring, and reporting a company's greenhouse gas emissions for auditing is carbon accounting services. Businesses can improve their management of carbon discharges by utilizing this service. Enhanced financial prospects for businesses are promising since investors are more inclined to fund a company that strives to reduce carbon emissions. This promotes greater transparency among interested parties and potential investors.
- End-user Insights
The oil & gas segment is expected to register a CAGR of 13.8% over the forecast period. The oil and gas 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. One of the primary goals of decarbonization in the oil and gas industry is to reduce emissions associated with the extraction, processing, and transportation of oil and natural gas. This includes minimizing methane leaks, improving operation efficiency, and reducing flaring.
- Deployment Insights
The on-premises segment led the market in 2024. The on-premises deployment in decarbonization refers to reducing or eliminating carbon emissions from various sources, such as industrial processes, energy production, transportation, and buildings, to combat climate change. Facilities can lessen their dependency on fossil fuels and reduce emissions related to power usage by installing on-site renewable energy sources, such as solar panels, wind turbines, or even small-scale hydroelectric units.
- Regional Insights
The Asia Pacific deep learning market is anticipated to grow at a significant CAGR from 2025 to 2030. The expanding installation of solar power projects in China and India is driving up demand for renewable energy solutions in the Asia Pacific. These countries are major global solar panel markets in Asia Pacific. Furthermore, nations in the region, such as Australia and Japan, offer strong market growth potential because they have been heavily investing in solar power generation in recent years.
Gather more insights about the market drivers, restraints, and growth of the Decarbonization Market
Key Companies & Market Share Insights
The market is highly competitive due to the significant presence of both domestic and local players. Manufacturers are focused on developing and designing a diverse range of products to meet the changing needs of consumers. Additionally, industry participants are implementing key strategies such as multichannel sales, establishing extensive distribution networks, and enhancing branding and promotional efforts. They are also leveraging online marketing and pursuing expansion into untapped markets through collaborations with car dealerships and accessories online.
Key Decarbonization Companies:
The market is characterized by strong competition, with a few major worldwide competitors owning a significant market share. The major focus is developing new products and collaborating among the key players.
The following are the leading companies in the decarbonization market. These companies collectively hold the largest market share and dictate industry trends.
- Deloitte
- IBM
- Atos SE
- Accenture
- Siemens
- SAP SE
- EcoAct
- GE DIGITAL
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Recent Developments
- In September 2023, GE Vernova has unveiled its AI-driven carbon emissions management software, CERius, at the Azito power plant in Ivory Coast, marking a significant step towards enhancing emissions tracking in the energy sector. Designed to help organizations meet net-zero goals, CERius utilizes artificial intelligence and machine learning to automate greenhouse gas data collection and provide actionable insights for carbon reduction strategies. This deployment aligns with increasing global regulations on emissions reporting, positioning Azito as a leader in Africa's digital energy transition.
- In March 2023, Deloitte launched the GreenLight Solution, an innovative enterprise decarbonization software tool designed to guide organizations towards achieving net-zero emissions. This SaaS solution features a modular system that integrates advanced data analytics and a vast emissions database, helping businesses create actionable decarbonization roadmaps. With increasing pressure from stakeholders for ambitious carbon reduction targets, GreenLight Solution empowers companies to make informed decisions and prioritize sustainability initiatives effectively.
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