Decarbonizing Market Size, Trends and Insights By Service (Carbon Accounting & Reporting Services, Sustainable Transportation Services, Waste Reduction & Circular Economy Services), By Technology (Renewable Energy Technologies, Energy Efficiency Solutions, Electric Vehicles (EVs), Carbon Removal Technologies, Carbon Capture and Storage (CCS)), By Deployment (On-premises, Cloud), By End Use (Oil & Gas, Energy & Utility, Agriculture, Automotive & Transportation, Aerospace & Defense, Manufacturing), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI38210

Published Date: January 2024

Pages: 320+

Category: Energy And Power

Report Snapshot

CAGR: 11.5%
856.6B
2022
955.1B
2023
2544.1B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Siemens AG
  • General Electric Company (GE)
  • Tesla Inc.
  • Vestas Wind Systems A/S
  • Orsted A/S
  • Schneider Electric SE
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Decarbonizing Market is expected to record a CAGR of 11.5% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 955.1 Billion. By 2032, the valuation is anticipated to reach USD 2544.1 Billion.

The decarbonizing market focuses on reducing carbon emissions and transitioning industries towards sustainable and low-carbon practices. This involves adopting clean energy sources, implementing energy-efficient technologies, and promoting environmentally friendly processes.

Key sectors include renewable energy, electric vehicles, green infrastructure, and sustainable manufacturing. The market is driven by global efforts to combat climate change, stringent environmental regulations, and the growing recognition of the economic and social benefits of decarbonization.

Companies in this market aim to innovate and invest in solutions that minimize carbon footprints, contributing to a more sustainable and resilient global economy.

Decarbonizing Market – Significant Growth Factors

The Decarbonizing Market presents significant growth opportunities due to several factors:

  • Environmental Regulations and Policies: Stringent government regulations and policies aimed at reducing carbon emissions drive businesses to adopt cleaner technologies and sustainable practices.
  • Advancements in Renewable Energy Technologies: Continuous innovation in renewable energy, including solar, wind, and hydropower, provides viable alternatives, making clean energy sources more accessible and cost-effective.
  • Increasing Corporate Sustainability Initiatives: Growing awareness and commitment among businesses to achieve carbon neutrality and incorporate sustainability goals into their operations drive demand for decarbonization solutions.
  • Rising Public Awareness and Climate Concerns: Heightened awareness among the public about climate change impacts increases demand for products and services that align with environmentally responsible and low-carbon principles.
  • Green Infrastructure Investments: Increased funding and investments in green infrastructure projects, such as smart grids, energy storage, and sustainable transportation, present opportunities for market growth and innovation.
  • Collaboration and Partnerships: Opportunities arise for businesses to collaborate and form partnerships to share knowledge, resources, and technologies, fostering a collaborative approach to address complex decarbonization challenges.

Decarbonizing Market – Mergers and Acquisitions

The Decarbonizing Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Decarbonizing Market include:

  • In 2023, EPSA initiated the construction of three solar power plants in Castilla-La Mancha, Spain, totalling 400 MW capacity. The projects, located in Campo de Criptana and Arenales de San Gregorio, represent a EUR 280 million investment, further advancing Spain’s commitment to renewable energy.
  • In 2023, Dassault Systèmes and Envision Digital are collaborating to enhance industrial decarbonization by leveraging Envision Digital’s EnOS digital decarbonization system and Dassault Systèmes’ 3DEXPERIENCE platform. This partnership aims to accelerate large asset engineering, manufacturing, and operations across industries through the creation of virtual twin experiences.
  • In 2022, Enablon and Makersite have joined forces in a collaborative partnership to help businesses achieve their ESG objectives. Focused on decarbonizing supply chains, the partnership offers comprehensive solutions, covering data collection, modeling, reporting, planning, forecasting, and operational execution for all three Scopes of greenhouse gas emissions.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Decarbonizing Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Decarbonizing Market Power to Gas Market Subsea Production and Processing Systems Market
CAGR 11.5% (Approx) CAGR 12.5% (Approx) CAGR 8.4% (Approx)
US$ 2544.1 Billion by 2032 USD 188.7 Million by 2032 USD 36.4 Billion by 2032

Decarbonizing Market – Significant Threats

The Decarbonizing Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Policy and Regulatory Uncertainty: Shifting or inconsistent government policies and regulations related to decarbonization can create uncertainty for businesses, impacting long-term investment planning and strategic decision-making.
  • Economic Challenges and Budget Constraints: Economic downturns and financial uncertainties may lead to reduced funding for decarbonization initiatives. Budget constraints can limit the implementation of sustainable technologies and infrastructure projects.
  • Technological Barriers and Integration Challenges: The adoption of new decarbonization technologies may face obstacles related to scalability, reliability, and integration with existing infrastructure, posing significant challenges to market expansion.
  • Global Geopolitical Factors: Geopolitical tensions, trade disputes, and international conflicts can affect the supply chains of renewable energy components, potentially disrupting the smooth flow of critical materials for decarbonization efforts.
  • Lack of Public Awareness and Support: A lack of public awareness or insufficient support for decarbonization initiatives may result in reduced demand for sustainable products and services, hindering the overall growth and impact of the decarbonizing market.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 955.1 Billion
Projected Market Size in 2032 USD 2544.1 Billion
Market Size in 2022 USD 856.6 Billion
CAGR Growth Rate 11.5% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Service, Technology, Deployment, End Use and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Service

  • Carbon Accounting & Reporting Services: Providing transparent carbon footprint assessments and emission reporting, these services assist businesses in measuring, managing, and reporting their greenhouse gas emissions. Trends include increasing demand due to regulatory pressures, corporate sustainability commitments, and the growing importance of environmental transparency in business.
  • Sustainable Transportation Services: These services focus on promoting environmentally friendly transportation options, including electric vehicles, public transit, and sustainable logistics. Trends involve a surge in electric vehicle adoption, the development of sustainable transportation infrastructure, and the integration of smart technologies for efficient mobility solutions.
  • Waste Reduction & Circular Economy Services: Addressing waste management challenges, these services aim to minimize waste, promote recycling, and implement circular economy practices. Trends include a shift towards zero-waste goals, circular supply chain models, and the incorporation of sustainable packaging solutions to reduce environmental impact.

By Technology

  • Renewable Energy Technologies: Renewable Energy Technologies harness naturally replenishing sources like solar, wind, and hydropower, providing sustainable alternatives to conventional energy. Trends include increasing adoption of solar and wind power, advancing energy storage solutions, and decentralized energy systems.
  • Energy Efficiency Solutions: Energy Efficiency Solutions optimize resource use, reducing waste and emissions. Trends involve smart buildings, IoT-enabled energy management, and the integration of AI for predictive analytics, enhancing overall energy efficiency in various sectors.
  • Electric Vehicles (EVs): Electric Vehicles (EVs) replace traditional internal combustion engines with electric propulsion. Trends show a surge in EV adoption, advancements in battery technology, and increased infrastructure development, aligning with global efforts to reduce carbon emissions from transportation.
  • Carbon Removal Technologies: Carbon Removal Technologies aim to capture and remove carbon dioxide from the atmosphere. Trends include the development of direct air capture systems, reforestation initiatives, and nature-based solutions to offset and remove carbon emissions.
  • Carbon Capture and Storage (CCS): Carbon Capture and Storage (CCS) capture carbon dioxide emissions from industrial processes and power plants, preventing them from entering the atmosphere. Trends involve enhanced capture technologies, utilization of captured carbon, and the integration of CCS in industrial sectors to mitigate emissions.

Global Decarbonizing Market 2023–2032 (By Billion)

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By Deployment

  • On-Premises Deployment: On-premises deployment in the decarbonizing market involves implementing solutions directly within an organization’s infrastructure. This offers greater control over data and operations. Trends include a preference for on-premises solutions in industries with strict data security requirements and customized decarbonization strategies.
  • Cloud Deployment: Cloud deployment in the decarbonizing market involves utilizing cloud-based platforms for scalable and flexible solutions. Trends include the increasing adoption of cloud technologies for data analytics, remote monitoring, and collaboration, providing real-time insights and enhancing the efficiency of decarbonization initiatives.

By End Use

  • Oil & Gas: Decarbonizing the oil and gas sector involves reducing carbon emissions through cleaner technologies and sustainable practices. Increasing focus on carbon capture, utilization, and storage (CCUS) technologies, as well as transitioning to renewable energy sources in exploration and extraction processes.
  • Energy & Utility: Decarbonizing the energy and utility sector entails transitioning to renewable energy sources and enhancing energy efficiency. Growing investments in solar and wind energy projects, smart grid technology, and the integration of energy storage for improved grid stability.
  • Agriculture: Decarbonizing agriculture involves adopting sustainable farming practices, reducing emissions from livestock, and enhancing carbon sequestration in soils. Precision farming, agroforestry, and the use of renewable energy in agricultural operations to mitigate emissions and promote sustainability.
  • Automotive & Transportation: Decarbonizing automotive and transportation involves transitioning to electric vehicles, improving fuel efficiency, and exploring alternative fuels. Rapid growth in electric vehicle adoption, advancements in battery technology, and the development of hydrogen fuel cell vehicles.
  • Aerospace & Defense: Decarbonizing the aerospace and defense sector focuses on reducing carbon emissions from aviation and military operations. Development of sustainable aviation fuels, electrification of aircraft, and the integration of energy-efficient technologies in defense systems.
  • Manufacturing: Decarbonizing manufacturing involves implementing energy-efficient processes, adopting sustainable materials, and reducing emissions from industrial operations. Emphasis on circular economy practices, Industry 4.0 technologies, and the use of renewable energy in manufacturing processes for a more sustainable production cycle.

Global Decarbonizing Market 2023–2032 (By Deployment)

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Decarbonizing Market – Regional Analysis

The Decarbonizing Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, the trend involves a significant push towards renewable energy adoption, with a focus on expanding solar and wind capacity. There’s also a strong emphasis on electric vehicle infrastructure development, promoting energy efficiency in industries, and the implementation of smart grid technologies for grid modernization.
  • Europe: Europe is at the forefront of decarbonization, with a strong emphasis on achieving carbon neutrality. Trends include aggressive targets for renewable energy deployment, the development of sustainable mobility solutions, and the implementation of circular economy practices. European nations are also investing in green hydrogen and sustainable urban planning.
  • Asia-Pacific: In the Asia-Pacific region, there is rapid growth in renewable energy capacity, particularly in countries like China and India. The trends include a surge in electric vehicle adoption, advancements in energy storage technologies, and the deployment of smart cities. The region is also witnessing increased investment in sustainable infrastructure projects.
  • LAMEA (Latin America, Middle East, and Africa): LAMEA is experiencing a rise in renewable energy projects, with a focus on solar and wind energy. The region is also exploring opportunities in green hydrogen production. In Africa, there is a growing interest in off-grid renewable solutions, while the Middle East is investing in renewable energy diversification and sustainable water management technologies.

Global Decarbonizing Market 2023–2032 (By End Use)

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Competitive Landscape – Decarbonizing Market

The Decarbonizing Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Siemens AG
  • General Electric Company (GE)
  • Tesla Inc.
  • Vestas Wind Systems A/S
  • Orsted A/S
  • Schneider Electric SE
  • Enel S.p.A.
  • ABB Ltd.
  • NextEra Energy Inc.
  • Toyota Motor Corporation
  • First Solar Inc.
  • ON SE
  • DONG Energy A/S (Now Ørsted A/S)
  • Bosch Thermotechnology
  • Johnson Controls International plc
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New entrants into the decarbonizing market, such as ChargePoint, QuantumScape, and CarbonCure Technologies, are adopting innovations like electric vehicle charging networks, solid-state battery technology, and carbon capture solutions. Established key players like Tesla, Siemens, and Orsted dominate the market through extensive R&D investments, global partnerships, and diversified clean energy portfolios.

Tesla’s leadership in electric vehicles, Siemens’ advancements in energy-efficient technologies, and Orsted’s expertise in offshore wind projects position them as influential forces shaping the trajectory of the decarbonizing market, commanding market share through sustainable and innovative solutions.

The Decarbonizing Market is segmented as follows:

By Service

  • Carbon Accounting & Reporting Services
  • Sustainable Transportation Services
  • Waste Reduction & Circular Economy Services

By Technology

  • Renewable Energy Technologies
  • Energy Efficiency Solutions
  • Electric Vehicles (EVs)
  • Carbon Removal Technologies
  • Carbon Capture and Storage (CCS)

By Deployment

  • On-premises
  • Cloud

By End Use

  • Oil & Gas
  • Energy & Utility
  • Agriculture
  • Automotive & Transportation
  • Aerospace & Defense
  • Manufacturing

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Decarbonizing Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Decarbonizing Market: snapshot
  • Chapter 3. Global Decarbonizing Market – Industry Analysis
    • 3.1 Decarbonizing Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Environmental Regulations and Policies
      • 3.2.2 Advancements in Renewable Energy Technologies
      • 3.2.3 Increasing Corporate Sustainability Initiatives
      • 3.2.4 Rising Public Awareness and Climate Concerns
      • 3.2.5 Green Infrastructure Investments
      • 3.2.6 Collaboration and Partnerships.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Service
      • 3.7.2 Market Attractiveness Analysis By Technology
      • 3.7.3 Market Attractiveness Analysis By Deployment
      • 3.7.4 Market Attractiveness Analysis By End Use
  • Chapter 4. Global Decarbonizing Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Decarbonizing Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Decarbonizing Market – Service Analysis
    • 5.1 Global Decarbonizing Market Overview: By Service
      • 5.1.1 Global Decarbonizing Market Share, By Service, 2022 and 2032
    • 5.2 Carbon Accounting & Reporting Services
      • 5.2.1 Global Decarbonizing Market by Carbon Accounting & Reporting Services, 2023 – 2032 (USD Billion)
    • 5.3 Sustainable Transportation Services
      • 5.3.1 Global Decarbonizing Market by Sustainable Transportation Services, 2023 – 2032 (USD Billion)
    • 5.4 Waste Reduction & Circular Economy Services
      • 5.4.1 Global Decarbonizing Market by Waste Reduction & Circular Economy Services, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Decarbonizing Market – Technology Analysis
    • 6.1 Global Decarbonizing Market Overview: By Technology
      • 6.1.1 Global Decarbonizing Market Share, By Technology, 2022 and 2032
    • 6.2 Renewable Energy Technologies
      • 6.2.1 Global Decarbonizing Market by Renewable Energy Technologies, 2023 – 2032 (USD Billion)
    • 6.3 Energy Efficiency Solutions
      • 6.3.1 Global Decarbonizing Market by Energy Efficiency Solutions, 2023 – 2032 (USD Billion)
    • 6.4 Electric Vehicles (EVs)
      • 6.4.1 Global Decarbonizing Market by Electric Vehicles (EVs), 2023 – 2032 (USD Billion)
    • 6.5 Carbon Removal Technologies
      • 6.5.1 Global Decarbonizing Market by Carbon Removal Technologies, 2023 – 2032 (USD Billion)
    • 6.6 Carbon Capture and Storage (CCS)
      • 6.6.1 Global Decarbonizing Market by Carbon Capture and Storage (CCS), 2023 – 2032 (USD Billion)
  • Chapter 7. Global Decarbonizing Market – Deployment Analysis
    • 7.1 Global Decarbonizing Market Overview: By Deployment
      • 7.1.1 Global Decarbonizing Market Share, By Deployment, 2022 and 2032
    • 7.2 On-premises
      • 7.2.1 Global Decarbonizing Market by On-premises, 2023 – 2032 (USD Billion)
    • 7.3 Cloud
      • 7.3.1 Global Decarbonizing Market by Cloud, 2023 – 2032 (USD Billion)
  • Chapter 8. Global Decarbonizing Market – End Use Analysis
    • 8.1 Global Decarbonizing Market Overview: By End Use
      • 8.1.1 Global Decarbonizing Market Share, By End Use, 2022 and 2032
    • 8.2 Oil & Gas
      • 8.2.1 Global Decarbonizing Market by Oil & Gas, 2023 – 2032 (USD Billion)
    • 8.3 Energy & Utility
      • 8.3.1 Global Decarbonizing Market by Energy & Utility, 2023 – 2032 (USD Billion)
    • 8.4 Agriculture
      • 8.4.1 Global Decarbonizing Market by Agriculture, 2023 – 2032 (USD Billion)
    • 8.5 Automotive & Transportation
      • 8.5.1 Global Decarbonizing Market by Automotive & Transportation, 2023 – 2032 (USD Billion)
    • 8.6 Aerospace & Defense
      • 8.6.1 Global Decarbonizing Market by Aerospace & Defense, 2023 – 2032 (USD Billion)
    • 8.7 Manufacturing
      • 8.7.1 Global Decarbonizing Market by Manufacturing, 2023 – 2032 (USD Billion)
  • Chapter 9. Decarbonizing’s Market – Regional Analysis
    • 9.1 Global Decarbonizing’s Market Regional Overview
    • 9.2 Global Decarbonizing’s Market Share, by Region, 2022 & 2032 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Decarbonizing’s Market, 2023 – 2032 (USD Billion)
        • 9.3.1.1 North America Decarbonizing’s Market, by Country, 2023 – 2032 (USD Billion)
    • 9.4 North America Decarbonizing’s Market, by Service, 2023 – 2032
      • 9.4.1 North America Decarbonizing’s Market, by Service, 2023 – 2032 (USD Billion)
    • 9.5 North America Decarbonizing’s Market, by Technology, 2023 – 2032
      • 9.5.1 North America Decarbonizing’s Market, by Technology, 2023 – 2032 (USD Billion)
    • 9.6 North America Decarbonizing’s Market, by Deployment, 2023 – 2032
      • 9.6.1 North America Decarbonizing’s Market, by Deployment, 2023 – 2032 (USD Billion)
    • 9.7 North America Decarbonizing’s Market, by End Use, 2023 – 2032
      • 9.7.1 North America Decarbonizing’s Market, by End Use, 2023 – 2032 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Decarbonizing’s Market, 2023 – 2032 (USD Billion)
        • 9.8.1.1 Europe Decarbonizing’s Market, by Country, 2023 – 2032 (USD Billion)
    • 9.9 Europe Decarbonizing’s Market, by Service, 2023 – 2032
      • 9.9.1 Europe Decarbonizing’s Market, by Service, 2023 – 2032 (USD Billion)
    • 9.10 Europe Decarbonizing’s Market, by Technology, 2023 – 2032
      • 9.10.1 Europe Decarbonizing’s Market, by Technology, 2023 – 2032 (USD Billion)
    • 9.11 Europe Decarbonizing’s Market, by Deployment, 2023 – 2032
      • 9.11.1 Europe Decarbonizing’s Market, by Deployment, 2023 – 2032 (USD Billion)
    • 9.12 Europe Decarbonizing’s Market, by End Use, 2023 – 2032
      • 9.12.1 Europe Decarbonizing’s Market, by End Use, 2023 – 2032 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Decarbonizing’s Market, 2023 – 2032 (USD Billion)
        • 9.13.1.1 Asia Pacific Decarbonizing’s Market, by Country, 2023 – 2032 (USD Billion)
    • 9.14 Asia Pacific Decarbonizing’s Market, by Service, 2023 – 2032
      • 9.14.1 Asia Pacific Decarbonizing’s Market, by Service, 2023 – 2032 (USD Billion)
    • 9.15 Asia Pacific Decarbonizing’s Market, by Technology, 2023 – 2032
      • 9.15.1 Asia Pacific Decarbonizing’s Market, by Technology, 2023 – 2032 (USD Billion)
    • 9.16 Asia Pacific Decarbonizing’s Market, by Deployment, 2023 – 2032
      • 9.16.1 Asia Pacific Decarbonizing’s Market, by Deployment, 2023 – 2032 (USD Billion)
    • 9.17 Asia Pacific Decarbonizing’s Market, by End Use, 2023 – 2032
      • 9.17.1 Asia Pacific Decarbonizing’s Market, by End Use, 2023 – 2032 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Decarbonizing’s Market, 2023 – 2032 (USD Billion)
        • 9.18.1.1 Latin America Decarbonizing’s Market, by Country, 2023 – 2032 (USD Billion)
    • 9.19 Latin America Decarbonizing’s Market, by Service, 2023 – 2032
      • 9.19.1 Latin America Decarbonizing’s Market, by Service, 2023 – 2032 (USD Billion)
    • 9.20 Latin America Decarbonizing’s Market, by Technology, 2023 – 2032
      • 9.20.1 Latin America Decarbonizing’s Market, by Technology, 2023 – 2032 (USD Billion)
    • 9.21 Latin America Decarbonizing’s Market, by Deployment, 2023 – 2032
      • 9.21.1 Latin America Decarbonizing’s Market, by Deployment, 2023 – 2032 (USD Billion)
    • 9.22 Latin America Decarbonizing’s Market, by End Use, 2023 – 2032
      • 9.22.1 Latin America Decarbonizing’s Market, by End Use, 2023 – 2032 (USD Billion)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Decarbonizing’s Market, 2023 – 2032 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Decarbonizing’s Market, by Country, 2023 – 2032 (USD Billion)
    • 9.24 The Middle-East and Africa Decarbonizing’s Market, by Service, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Decarbonizing’s Market, by Service, 2023 – 2032 (USD Billion)
    • 9.25 The Middle-East and Africa Decarbonizing’s Market, by Technology, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Decarbonizing’s Market, by Technology, 2023 – 2032 (USD Billion)
    • 9.26 The Middle-East and Africa Decarbonizing’s Market, by Deployment, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Decarbonizing’s Market, by Deployment, 2023 – 2032 (USD Billion)
    • 9.27 The Middle-East and Africa Decarbonizing’s Market, by End Use, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Decarbonizing’s Market, by End Use, 2023 – 2032 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 Siemens AG
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 General Electric Company (GE)
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Tesla Inc.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Vestas Wind Systems A/S
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Orsted A/S
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Schneider Electric SE
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Enel S.p.A.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 ABB Ltd.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 NextEra Energy Inc.
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Toyota Motor Corporation
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 First Solar Inc.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 E.ON SE
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 DONG Energy A/S (Now Ørsted A/S)
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Bosch Thermotechnology
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Johnson Controls International plc
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 34

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Siemens AG
  • General Electric Company (GE)
  • Tesla Inc.
  • Vestas Wind Systems A/S
  • Orsted A/S
  • Schneider Electric SE
  • Enel S.p.A.
  • ABB Ltd.
  • NextEra Energy Inc.
  • Toyota Motor Corporation
  • First Solar Inc.
  • ON SE
  • DONG Energy A/S (Now Ørsted A/S)
  • Bosch Thermotechnology
  • Johnson Controls International plc
  • Others

FAQs

The key factors driving the Market are Environmental Regulations and Policies, Advancements in Renewable Energy Technologies, Increasing Corporate Sustainability Initiatives, Rising Public Awareness and Climate Concerns, Green Infrastructure Investments And Collaboration and Partnerships.

The “Carbon Accounting & Reporting Services” category dominated the market in 2022.

The key players in the market are Siemens AG, General Electric Company (GE), Tesla Inc., Vestas Wind Systems A/S, Orsted A/S, Schneider Electric SE, Enel S.p.A., ABB Ltd., NextEra Energy Inc., Toyota Motor Corporation, First Solar Inc., E.ON SE, DONG Energy A/S (Now Ørsted A/S), Bosch Thermotechnology, Johnson Controls International plc, Others.

“North America” had the largest share in the Decarbonizing Market.

The global market is projected to grow at a CAGR of 11.5% during the forecast period, 2023-2032.

The Decarbonizing Market size was valued at USD 955.1 Billion in 2023.

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