Press release
Climate Resilient Technologies Market Report 2024: Innovations in Sustainability and Climate Adaptation
Climate Resilient Technologies Market Report
According to The Business Research Company's, The climate resilient technologies market size has grown rapidly in recent years. It will grow from $13.41 billion in 2023 to $15.21 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to the rising frequency of natural disasters, the impact of climate change on infrastructure, public demand for climate action, the construction of flood-resistant structures, and the development of weather-resistant transportation systems.
The climate resilient technologies market size is expected to see rapid growth in the next few years. It will grow to $25.36 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to the transition to renewable energy sources, increasing challenges related to air, water, and soil pollution, increasing demand for pest control measures, growing adoption of resource conservation technologies, and increasing climate consciousness. Major trends in the forecast period include circular economy and sustainable practices, development of climate information services and early warning systems, resilient urban planning, focus on transformative potential, and adaptive healthcare technologies.
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Market Drivers and Trends:
The surge in carbon dioxide emissions is expected to propel the growth of the climate resilient technologies market going forward. Carbon dioxide emissions refer to the release of carbon dioxide (CO2) gas into the atmosphere, primarily resulting from the burning of fuels for energy, along with industrial processes, deforestation, and certain agricultural practices. The increase in carbon dioxide levels is primarily due to the combustion of fossil fuels for energy by humans. Climate resilient technologies enhance energy efficiency in buildings, transportation, and industrial processes to mitigate carbon dioxide emissions. For instance, in March 2024, according to the data published by the International Energy Agency, a France-based intergovernmental organization, in 2023, global carbon dioxide emissions from energy combustion and industrial processes rose to 37.2 billion metric tons (Gt), up from 36.2 billion metric tons (Gt) in 2021, marking an increase of approximately 410 million metric tons. Therefore, the surge in carbon dioxide emissions is driving the growth of the climate resilient technologies market.
Major companies operating in the climate resilient technologies market are focused on developing technological advancements, such as artificial intelligence-powered heat risk solutions, to enhance predictive capabilities, optimize resource management, and improve the efficiency and effectiveness of climate adaptation and mitigation strategies. Artificial intelligence-powered heat risk solutions are advanced systems that use artificial intelligence (AI) to assess, predict, and manage risks associated with extreme heat events. For instance, in June 2024, Resilience AI, an India-based climate resilient technology solutions company, introduced ResSolv, an advanced AI-powered heat risk solution, to address the escalating heatwave crisis. Resilience AI's ResSolv heat risk model has a comprehensive incorporative feature, including building footprint detection, multi-hazard risk scoring, and heat hotspot mapping, to identify households that are most vulnerable to heat-related risks. It also runs community outreach programs to educate people about heatstroke dangers and encourage preventative measures.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
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
Climate Resilient Technologies Market 2024 Key Insights:
• The climate resilient technologies market is expected to grow to $25.36 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%.
• The Impact Of Rising Carbon Dioxide Emissions On The Growth Of Climate Resilient Technologies
• Integration Of Artificial Intelligence Enhanced Climate Resilient Technologies Market
• North America was the largest region in the climate resilient technologies market in 2023. 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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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