Climate Tech Market Size 2024-2033 | Size, Insights, Demand, Outlook

"The new report published by The Business Research Company, titled "" Climate Tech Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the climate tech market size has grown exponentially in recent years. It will grow from $20.79 billion in 2023 to $26.12 billion in 2024 at a compound annual growth rate (CAGR) of 25.6%. The climate tech market size is expected to see exponential growth in the next few years. It will grow to $63.42 billion in 2028 at a compound annual growth rate (CAGR) of 24.8%.

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Government Regulations And Policies As Catalysts For Climate Tech Market Growth
The government regulations and policies are expected to propel the growth of the climate tech market going forward. Government regulations and policies refer to the rules, guidelines, and initiatives implemented by governments to address climate change and promote sustainable development. Government regulations and policies help create a favorable environment for climate tech innovation, investment, and deployment, ultimately contributing to the transition to a more sustainable and low-carbon economy. For instance, in January 2021, according to US Climate 2021 Highlights, reported by the White House, a US-based organization 2021, the United States set ambitious climate targets, aiming to reduce its greenhouse gas emissions by 50-52% levels by 2030 and achieve 100% carbon pollution-free electricity by 2035. Therefore, government regulations and policies are driving the growth of the climate tech market.

Environmental Intelligence Suite Advancing Climate Tech Solutions
Major companies operating in the climate tech market are developing innovative products such as environmental intelligence suites to provide environmental insights. Environmental Intelligence Suite is a collection of AI-based software tools aimed at helping organizations prepare for and respond to weather and climate-related disruptions. For instance, in October 2021, IBM Corporation, a US-based technology company, launched an environmental intelligence suite to help organizations assess their impact on the environment, reduce the complexity of regulatory compliance and reporting, and create more efficient business operations to reduce resource consumption and plan for resiliency in the face of climate disruptions. The suite leverages AI, weather data, climate risk analytics, and carbon accounting capabilities to provide environmental insights, monitor for disruptive environmental conditions, predict potential impacts of climate change, and measure and report on environmental data.

The climate tech market covered in this report is segmented -

1) By Component: Climate Tech Solutions, Services
2) By Technology: Internet of Things (IoT), Artificial Intelligence (AI) And Analytics, Digital Twin, Cloud Computing, Security, Blockchain
3) By Application: Carbon Footprint Management, Green Building, Water Purification, Soil Condition Or Moisture Monitoring, Crop Monitoring, Forest Monitoring, Weather Monitoring And Forecasting, Air And Water Pollution Monitoring, Sustainable Mining And Exploration

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Major companies operating in the climate tech market report are Microsoft Corporation, General Electric Company, IBM Corporation, BYD Auto Co. Ltd., Schneider Electric, Salesforce Inc, Climate Investor One, Wolters Kluwer N.V., Molten Ventures, ENGIE Insight Services Inc., Consensys, Form Energy, Intelex Technologies, Enablon North America Corp., Climeworks AG, AMP Robotics Corporation, Isometrix, Sensus, Taranis, Enviance Inc., Bedrock Energy, Breakthrough Energy Ventures, Trace Genomics, Hortau Inc., LO3 Energy

Contents of the report:
1. Executive Summary
2. Climate Tech Market Report Structure
3. Climate Tech Market Trends And Strategies
4. Climate Tech Market - Macro Economic Scenario
5. Climate Tech Market Size And Growth
…..
27. Climate Tech Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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