openPR Logo
Press release

Climate Adaptation Market to Reach $40.4 Billion by 2030, Growing at 9.7% CAGR

08-08-2024 10:24 AM CET | Energy & Environment

Press release from: MarketsandMarkets

Climate Adaptation Market to Reach $40.4 Billion by 2030,

The global Climate Adaptation Market in terms of revenue was estimated to be worth $23.2 billion in 2024 and is poised to reach $40.4 billion by 2030, growing at a CAGR of 9.7% from 2024 to 2030 according to a new report by MarketsandMarkets™.

The climate adaptation market is experiencing robust growth due to several new drivers. Firstly, advancements in climate modeling and data analytics are enabling more precise predictions of climate impacts, encouraging investment in adaptation technologies. Secondly, the increasing integration of Internet of Things (IoT) and artificial intelligence (AI) in climate monitoring systems enhances real-time data collection and response capabilities. Thirdly, corporate social responsibility (CSR) initiatives are pushing companies to adopt sustainable practices, including climate adaptation strategies, to improve their public image and meet stakeholder expectations. Additionally, there is a growing recognition of the economic benefits of proactive adaptation measures, such as reduced damage costs and enhanced operational efficiency, which is spurring further investment.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=143809718

Government agencies hold the second-largest market share in climate adaptation market.

The Government agencies segment secures the second-largest market share within the climate adaptation market by end user segment, driven by several key factors. Government agencies are increasingly leveraging early climate warning systems and environment monitoring technologies to enhance their ability to predict and respond to climate-related risks. By deploying advanced meteorological tools and real-time data analytics, these agencies can anticipate extreme weather events such as hurricanes, droughts, and floods more accurately. This predictive capability allows governments to implement proactive measures to protect communities, infrastructure, and natural resources, thereby reducing potential damage and improving resilience. Furthermore, the integration of these systems supports evidence-based policymaking and strategic planning in adapting to changing climate conditions.

Direct Air Capture and Carbon Storage (DACCS) technology solutions to be the third-largest segment in the climate adaptation market.

Direct air capture (DAC) technology is emerging as a pivotal driver in the climate adaptation market, offering a promising solution to reduce atmospheric CO2 levels. By directly removing carbon dioxide from the air using specialized chemical processes, DAC addresses the challenge of mitigating emissions from difficult-to-decarbonize sectors like aviation and agriculture. This technology not only complements traditional carbon capture methods but also enables carbon removal from dispersed sources, enhancing flexibility in climate mitigation strategies. Moreover, DAC presents opportunities for carbon-neutral or even carbon-negative solutions, making it an attractive option for industries and governments striving to achieve ambitious climate targets and enhance environmental sustainability on a global scale.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=143809718

Europe to emerge as the third-largest climate adaptation market.

The Europe region holds the third-largest market share in the global climate adaptation market due to a confluence of factors driving significant growth potential. Based on country, the market has been segmented into Norway, the UK, France, Italy, the Netherlands, and the Rest of Europe. The Rest of Europe includes Belgium, Sweden, Ireland, Spain, and Poland. Norway has actively reduced carbon emissions since 1990, with upcoming CCUS projects in the Netherlands and the UK set to advance the region's efforts. The EU leads in climate action by employing CCUS and negative emission technologies to meet ambitious decarbonization goals. Key initiatives include the CCS Directive, Innovation Fund, and EU Emissions Trading System (EU ETS), which support legislative frameworks, promote technological advancements and incentivize carbon capture. It also excels in environmental monitoring and early climate warning systems, using advanced satellite technology and climate models to provide early warnings for extreme weather events.

Key Players

Key players in the global Climate Adaptation Market include Baker Hughes Company (US), Exxon Mobil Corporation (US), Climeworks (Switzerland), INTERNATIONAL BUSINESS MACHINES CORPORATION (US), and Vaisala (Finland).

Get access to the latest updates on Climate Adaptation Companies and Climate Adaptation Industry Growth

Content Source: https://www.marketsandmarkets.com/Market-Reports/climate-adaption-market-143809718.html

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Climate Adaptation Market to Reach $40.4 Billion by 2030, Growing at 9.7% CAGR here

News-ID: 3614763 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Climate

Climate Smart Agriculture Youth Network (GCSAYN) Partners with Global Climate In …
Press Communiqué For Immediate Release Climate Smart Agriculture Youth Network (GCSAYN) Partners with Global Climate Innovation Coalition (GCIC) to Accelerate Climate Action and Innovation New Partnership Set to Empower Youth in Sustainable Agriculture and Climate Innovation across the Globe 26th December 2024 - New York, USA :- The Climate Smart Agriculture Youth Network Global (GCSAYN) and the Global Climate Innovation Coalition (GCIC) have officially signed a transformative collaboration agreement aimed at empowering youth, advancing
Climate Adaptation Market Report 2024 - Climate Adaptation Market Trends
"The Business Research Company recently released a comprehensive report on the Global Climate Adaptation Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample
Climate and Carbon Finance Market Size in 2023 To 2029 | Ecoact, First Climate, …
The Climate and Carbon Finance report covers vast drivers, limitations, and opportunities to give a definite picture of the market. Moreover, the Climate and Carbon Finance research report provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players. Furthermore, the business manufacturing of the significant manufacturers is also highlighted with technical data in the report. This report offers a
Climate Sensor Market Research 2017-2021: Emerson Climate, Senmatic, Priva, SmaX …
Bigmarketresearch added most up-to-date research on "Global Climate Sensor Market Professional Survey 2017" to its huge collection of research reports. This report studies Climate Sensor in Global market, especially in North America, Europe, China, Japan, Korea and Taiwan, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Emerson Climate Senmatic Priva Behr-Hella Thermocontrol GmbH SmaXtec iNOVOTEC Animal Care Split by application, this report focuses on consumption, market share
Record participation in Climate Alliance award Climate Star 2009
444 cities and municipalities from 11 countries take part Award ceremony in October in Melk near Vienna Presenting, awarding and recreating. Climate Star’s principle is as easy as that – a competition in which cities, municipalities and local associations from all over Europe submitted climate protection projects. “With the Climate Star award we want to encourage the winners and to disseminate successful measures and smart ideas on local climate protection. That way
Climate Star 2009 - Short Track to Climate Protection
Application forms are online With immediate effect all cities, municipalities and districts in Europe can apply with their climate protection projects for a Climate Star 2009. “Short Track to Climate Protection” is the theme of this year’s European award for local climate protection activities. For the forth time, the European city network Climate Alliance is inviting all local authorities in whole Europe to present their measures, campaigns and activities and apply for