Global Climate Resilient Technologies Market Growth Analysis 2024, Forecast To 2033
10 Oct, 2024
The climate resilient technologies market has experienced rapid growth in recent years, expanding from $13.41 billion in 2023 to $15.21 billion in 2024 at a CAGR of 13.5%. The growth during this period can be attributed to the increasing frequency of natural disasters, the impact of climate change on infrastructure, public demand for climate action, and the development of flood-resistant structures and weather-resistant transportation systems. By 2028, the market is expected to grow to $25.36 billion at a CAGR of 13.6%. Key drivers for future growth include the transition to renewable energy, the growing challenges posed by air, water, and soil pollution, increasing demand for pest control measures, the adoption of resource conservation technologies, and rising climate consciousness. Major trends over the coming years will include a focus on the circular economy, the development of climate information services and early warning systems, resilient urban planning, transformative potential in climate solutions, and adaptive healthcare technologies.
Major Driver In The Climate Resilient Technologies Market
The increasing surge in carbon dioxide emissions is expected to significantly boost the climate-resilient technologies market moving forward. Carbon dioxide emissions, primarily resulting from the combustion of fuels for energy and industrial processes, have been rising due to human activities like burning fossil fuels. Climate-resilient technologies enhance energy efficiency across buildings, transportation, and industrial processes to help mitigate carbon dioxide emissions. According to the International Energy Agency, global carbon dioxide emissions from energy combustion and industrial processes reached 37.2 billion metric tons (Gt) in 2023, up from 36.2 billion metric tons (Gt) in 2021, representing an increase of approximately 410 million metric tons. Therefore, the rising carbon dioxide emissions are propelling the climate-resilient technologies market, which is projected to grow from USD 11.92 billion in 2023 to USD 14.36 billion in 2024, ultimately reaching USD 20.52 billion by 2028.
Request A Free Sample Of The Climate Resilient Technologies Market ReportClimate Resilient Technologies Market Competitive Landscape
Major companies operating in the climate resilient technologies market are 3M Company, Kingspan Group, Saint-Gobain Group, Arup Group Limited, ZeroAvia Inc., Gro Intelligence Inc., BrightFarms Inc., Ceres Imaging Inc., Ecovative Design LLC, Arbonaut Ltd, ClimateAi Inc., Flowcarbon Inc., Climavision Inc., TerraFuse Inc., Tallarna Ltd, Scopito Inc., Resilient Power Systems Inc., Nephila Capital Ltd, Challenergy Inc., CarbonCapture Inc., AgroSustain SA, NCX
Key Climate Resilient Technologies Market Trend
Major companies in the climate resilient technologies market are focusing on technological advancements such as artificial intelligence-powered heat risk solutions to enhance predictive capabilities, optimize resource management, and improve the effectiveness of climate adaptation and mitigation strategies. Artificial intelligence-powered heat risk solutions are sophisticated systems that leverage AI to assess, predict, and manage risks associated with extreme heat events. For example, in June 2024, Resilience AI, an India-based company specializing in climate resilient technology solutions, launched ResSolv, an advanced AI-powered heat risk solution designed to address the rising heatwave crisis. Resilience AI’s ResSolv model includes features such as building footprint detection, multi-hazard risk scoring, and heat hotspot mapping, identifying households most vulnerable to heat-related risks. The company also conducts community outreach programs to educate the public about heatstroke dangers and promote preventive measures.
Purchase The Global Climate Resilient Technologies Market Report Directly And Get A Swift DeliveryGlobal Climate Resilient Technologies Market Segmentation
The climate resilient technologies market covered in this report is segmented –
1) By Type: Resilience Solutions, Services
2) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
3) By Application: Agriculture, Transportation, Energy And Utilities, Healthcare, Other Applications
By Geography:The regions covered in the climate resilient technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the climate resilient technologies market in 2023.
The Climate Resilient Technologies Global Market Report 2024 furnishes information about the global climate resilient technologies market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.