The global decarbonization market is anticipated to grow at a CAGR of 11.3% during the forecast period (2023-2030). An increase in the adoption of low-carbon power generation, and a corresponding reduction in the use of fossil fuels drive the growth of the decarbonization market. According to the United Nations Development Programme (UNDP), in May 2023, one billion tonnes of carbon dioxide (GtCO2), grew to 36.3 GtCO2 in 2021 and is estimated to have reached 36.6 GtCO2 in 2022 and 37.5 GtCO2 in 2023. To limit global warming to the goals set out in the Paris Agreement, global decarbonization must proceed rapidly over the next two decades. Various market players focused on sustainable transportation services and solutions that prioritize environmental sustainability, reduce carbon emissions, minimize resource consumption, and promote social and economic well-being.
Browse the full report description of “Decarbonization Market Size, Share & Trends Analysis Report by Service (Carbon Accounting & Reporting Services, Sustainable Transportation Services and Waste Reduction & Circular Economy Services), by Technology (Renewable Energy Technologies, Energy Efficiency Solutions, Carbon Removal Technologies and Carbon Capture and Storage (CCS)), and by End-User (Oil & Gas, Energy & Utility, Agriculture, Government, Automotive & Transportation, Aerospace & Defense and Manufacturing), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/decarbonization-market
By leveraging innovative climate technology, leaders can view a clear picture of their roadmap to achieving their net-zero targets. Organizations are grappling with an overwhelming amount of data as they develop their decarbonization strategies. For instance, in March 2023, Deloitte launched GreenLight Solution, an end-to-end decarbonization software tool that helps unlock a clear, actionable path to net-zero emissions. Paired with Deloitte’s decades of sustainability and climate client service experience, GreenLight Solution helps organizations unlock a clear, optimized, actionable decarbonization roadmap that can be integrated into their broader business strategy and existing technologies.
Market players have focused on scaling technology to remove carbon dioxide directly from the atmosphere at increasingly large volumes. For instance, in April 2023, Global Thermostat, a pioneer of carbon removal technology to address climate change, launched one of the largest direct air capture machines ever operated. The unit has been capturing carbon dioxide from the atmosphere since the end of 2022 with a capacity of over 1,000 tons a year.
Various CO2 solutions are designed for different industrial sectors including oil & gas, petrochemicals, energy and cement production, and, in general, for hard-to-abate sectors whose decarbonization represents an important milestone. For instance, in July 2023, Saipem launched BluenzymeTM, an innovative pre-engineered line of CO2 capture solutions based on the proprietary enzymatic technology “CO2 Solutions by SAIPEM”, with the release of the first industrialized product, BluenzymeTM 200, a ready-to-use package aimed at small and medium emitters, which has a nominal capture capacity of 200 tonnes of CO2 per day.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Service
o By Technology
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Accenture, Deloitte, IBM Corp., LanzaTech, Saipem S.p.A., Shell USA, Inc., and others.
Key questions addressed by the report
Global Decarbonization Market Report Segment
By Service
By Technology
By End-User
Global Decarbonization Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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