What Is The Long-Term Forecast For The Climate Resilient Technologies Market Growing At 13.6% CAGR?
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What CAGR And Valuation Are Anticipated For The Climate Resilient Technologies Market?
In the past few years, the market size for climate-resilient technologies has seen a swift surge. The market which is projected at $15.21 billion in 2024 is expected to escalate to $17.36 billion in 2025, showing a compound annual growth rate (CAGR) of 14.1%. The reason behind this growth during the past years is primarily due to the increase in natural disasters, climate change effects on infrastructure, public appeal for climate control measures, the initiation of flood-proof constructions, and the emergence of weatherproof transport systems.
The market size for climate resilient technologies is projected to experience a swift expansion in the coming years. The growth is projected to reach $28.88 billion in 2029, with a cumulative annual growth rate (CAGR) of 13.6%. The rise during the forecast period is ascribed to the shift towards renewable energy, escalating air, water, and soil pollution challenges, increased demand for pest control measures, and growing utilization of resource preservation technologies, as well as a heightened awareness of climate issues. Key trends for the forecast period encompass a circular economy and eco-friendly practices, the advent of climate information services and early warning systems, resilient urban design, a focus on transformational potential, and adaptive healthcare technologies.
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What Underlying Factors Are Supporting The Climate Resilient Technologies Market Growth?
The upward trend in carbon dioxide emissions is projected to fuel the expansion of the climate resilient technologies market in the near future. Carbon dioxide emissions refer to the discharge of CO2 gas into the air, primarily due to burning of fuels for energy, industrial operations, deforestation, and certain forms of agriculture. The rise in carbon dioxide levels is predominantly attributed to the burning of fossil fuels for energy by human beings. Climate resilient technologies work to improve energy efficiency in buildings, transportation, and industrial processes, thereby reducing carbon dioxide emissions. For example, in March 2024, the International Energy Agency, based in France, reported that in 2023, worldwide carbon dioxide emissions from energy combustion and industrial processes climbed to 37.2 billion metric tons (Gt) from 36.2 billion metric tons (Gt) in 2021, indicating an increment of nearly 410 million metric tons. Consequently, the rise in carbon dioxide emissions is contributing to the expansion of the climate resilient technologies market.
Which Segment Accounts For The Largest Share In The Climate Resilient Technologies Market?
The climate resilient technologiesmarket 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
Subsegments:
1) By Resilience Solutions: Flood Protection Systems, Drought-Resistant Agriculture Solutions, Climate-Resilient Infrastructure, Early Warning Systems
2) By Services: Climate Risk Assessment, Climate Adaptation Consulting, Disaster Recovery And Response Services, Resilience Training And Capacity Building
Which Long-Term Trends Will Play A Crucial Role In The Climate Resilient Technologies Market?
Leading firms in the climate resilient technologies market are implementing strategies such as introducing artificial intelligence-based heat risk solutions to increase forecasting capabilities, augment resource utilization, and maximise the efficiency of climate change response measures. These artificial intelligence-based heat risk solutions are progressive systems that use AI to evaluate, predict, and control the likelihood of severe heat events happening. For example, in June 2024, an Indian climate resilient technology solutions company called Resilience AI launched an advanced AI-powered solution named ResSolv to confront the escalating heatwave issue. The ResSolv heat risk model by Resilience AI comprises integrative elements like building footprint identification, multi-risk hazard scoring, and heat hotspot tracking. These serve to pinpoint households at the greatest risk from intense heat threats. Additionally, Resilience AI extends community outreach initiatives to raise awareness about the risks of heatstroke and propagate preventive steps.
Who Are The Dominant Players In The Climate Resilient Technologies Market Today?
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
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What Regional Factors Are Accelerating Growth In The Climate Resilient Technologies Market?
North America was the largest region in the climate resilient technologies market in 2024. The regions covered in the climate resilient technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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