Press release
Major Force in the Net Zero Solutions Market 2025: Rising Demand For Clean Energy Fuels Growth In The Net Zero Solutions Market
Net Zero Solutions Market Size
There has been a rapid expansion in the market size of net zero solutions in the previous years. The market, which is expected to surge from $4.54 billion in 2024 to $5.64 billion in 2025, is set to clock a compound annual growth rate (CAGR) of 24.1%. Factors contributing to this development during the historic period include an increased consciousness about climate change among the public, a boost in initial investments in eco-friendly technologies, the establishment of carbon pricing measures, the arrival of industry sustainability initiatives, and noteworthy advancements in energy efficiency.
The market size for net zero solutions is predicted to experience rapid expansion in the next several years, reaching a value of $13.25 billion in 2029 with a compound annual growth rate (CAGR) of 23.8%. This predicted growth within the forecast period is primarily due to the escalating corporate commitment towards net zero targets, proliferation of green finance opportunities, the utilization of AI for energy streamlining, more rigorous international climate regulations, and a surge in consumer preference for eco-friendly goods and services. Key trends throughout the forecast period involve adopting green hydrogen technology, development in energy storage solutions, employing AI for enhancing energy efficiency, broadened usage of carbon capture and storage (CCS), and the uptake of smart grid technologies.
What Key Elements Are Boosting Growth in the Net Zero Solutions Market?
The surge in clean energy demand is projected to boost the net zero solutions market expansion moving forward. Clean energy refers to power garnered from sources with minimal ecological impact, releasing little to no greenhouse gases. Enhanced technology, climate change apprehensions, and encouraging governmental plans and incentives drive this demand. Net zero solutions, focusing on equalizing greenhouse gas emissions through renewable energy adoption, efficiency enhancements, and carbon capture investment, play a crucial role in the advancement of clean energy. This modus operandi curtails the carbon footprint and champions sustainable conduct. For instance, per the American Clean Power Association, a U.S. organization, the clean energy sector, reported in March 2024, installed 33.8 gigawatts (GW) of new utility-scale clean energy projects in 2023. This marks an increase of 12.5% from the earlier record established in 2021. Hence, the inclination towards clean energy is fueling the net zero solutions market's development.
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Who Are the Major Industry Players Fueling Net Zero Solutions Market Expansion?
Major companies operating in the net zero solutions market are Siemens AG, accenture* Plc, Iberdrola S.A, Veolia Environnement SA, Jacobs Solutions Inc., AECOM, Arup Group, Vestas Wind Systems A/S, EDF Renewable Inc., Schneider Electric SE, Tetra Tech Inc., Mott MacDonald Group Limited, Bloom Energy Corporation, Institutional Shareholder Services Inc., Babcock & Wilcox Enterprises Inc., Royal HaskoningDHV, Sungrow, Mercuria Energy Group Limited, Sustainable Energy for All (SEforALL), Carbon Clean Solutions Pvt Ltd., GranBio, E.ON Next Energy Limited, Envision Group
Which Key Developments Are Influencing the Net Zero Solutions Market?
The net zero solutions market is witnessing advancements as prevailing firms concentrate on the creation of sophisticated technologies. Notable amongst these are greenhouse gas emissions trackers, which assist in meeting climatic neutrality goals and complying with regulatory needs. This technology aids in gathering and analyzing emission data, thereby providing detailed information about greenhouse gas (GHG) sources and amounts, crucial for controlling and diminishing carbon footprints. Salesforce, Inc., a software firm based in the United States, introduced Net Zero Cloud 2.0 in February 2022 as a case in point. This platform supports businesses in setting goals based on scientific evidence and keeping track of their accomplishments. Additionally, it monitors scope 3 emissions across their entire value chain, and encourages suppliers and distributors to reduce their emissions. By taking advantage of 'what-if' analysis, organizations can speed up their shift to zero carbon emissions, allowing them to monitor their progress and comply with climate commitments. The platform also provides insightful analysis using Tableau data visualization and advanced analytics. Furthermore, it enables real-time ESG reporting, enhancing transparency and helping monitor progress towards net-zero.
How Is the Segmentation of the Net Zero Solutions Market Defined?
The net zero solutions market covered in this report is segmented -
1) By Energy Type: Solar; Wind; Hydro; Geothermal; Other Energy Types
2) By Location: Upstream; Downstream
3) By Application: Industry; Buildings; Transport; Electricity And Heating; Other Applications
Subsegments:
1) By Solar: Photovoltaic (PV) Systems; Concentrated Solar Power (CSP); Solar Thermal Systems
2) By Wind: Onshore Wind Energy; Offshore Wind Energy; Distributed Wind Energy Systems
3) By Hydro: Large Hydropower Plants; Small Hydropower Plants; Run-of-River Hydro Systems
4) By Geothermal: Geothermal Power Plants; Ground Source Heat Pumps; Enhanced Geothermal Systems (EGS)
5) By Other Energy Types: Biomass Energy; Ocean Energy; Hydrogen Energy Solutions
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What Is the Leading Region in the Net Zero Solutions Market?
Asia-Pacific was the largest region in the net-zero solutions market in 2024. The regions covered in the net zero solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Net Zero Solutions Global Market Report?
- Market Size Analysis: Analyze the net zero solutions Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the net zero solutions Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall net zero solutions market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the net zero solutions market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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