Press release
Top Factor Driving Climate Change Consulting Market SizeGrowth in 2025: Rising Greenhouse Gas Emissions Fuels Expansion In Climate Change Consulting Services
What combination of drivers is leading to accelerated growth in the climate change consulting market?The growth of the climate change consulting Market Sizeis projected to be driven by the escalating levels of greenhouse gas emissions. These emissions are gases released into the atmosphere, which trap heat and result in the greenhouse effect-a key factor in global warming and climate change. The surge in these emissions can be attributed to a rise in the consumption of fossil fuels, industrial activities, deforestation, and expansion in the transportation and agricultural sectors. Likewise, urban growth and economic development often lead to increased energy use and emissions. Climate change consulting plays a major role in helping businesses to identify and implement strategies to reduce greenhouse gas emissions. This includes improving energy efficiency, implementing sustainable practices, and participation in carbon offset projects- all of which help tackle climate change. For example, data from the Environmental Protection Agency (EPA), a government agency based in the US, reveals that in July 2024, there was a 0.2% increase in greenhouse gas emissions in the U.S in 2022 compared to the levels in 2021. Therefore, increases in greenhouse gas emissions play a vital role in driving the growth of the climate change consulting market.
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What is the projected compound annual growth rate (CAGR) of the climate change consulting Market Sizefrom 2025 to 2034, and what factors influence it?
The size of the climate change consulting Market Sizehas significantly expanded in the past few years. It is projected to increase from $7.89 billion in 2024 to $8.55 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%. The growth during the historic period is a result of factors such as heightened regulatory constraints, increased public consciousness of ecological matters, expanding responsibilities of corporations towards sustainability, international climate pacts, and considerable events related to weather.
In the ensuing years, the climate change consulting Market Sizeis anticipated to witness robust growth, reaching $11.67 billion by 2029, expanding at a compound annual growth rate (CAGR) of 8.1%. The projected growth within this period can be linked to the ever-changing climate risk management necessities, progress in climate adaptation technologies, heightened focus on ESG (Environmental, Social, Governance) standards, rising investments in the renewable energy sector, increased climate-related financial declarations, and the demand for innovative approaches to lessen climate effects. The forecast period is marked by key trends such as the amalgamation of artificial intelligence, advancements in both climate adaptation technologies and climate science, embracing sustainable finance, and strategies to decrease carbon footprint.
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How are the latest trends influencing the growth of the climate change consulting market?
Firms that are key players in the climate change consulting industry are engaging in cross-sector collaborations and launching initiatives related to climate and sustainability, such as the global center of excellence for climate insights. This initiative is designed to strengthen their capacity to anticipate, evaluate, and manage climate change implications across different areas. The global center of excellence for climate insights functions as a primary hub for gathering leading expertise to propel global progress in climate and sustainability tactics. For example, in September 2022, the U.S. based enterprise, Boston Consulting Group (BCG), established a global climate and sustainability center in the Gulf Cooperation Council (GCC) region. The center's primary goal is to cultivate localized expertise in aiding the rapid shift towards decarbonization and circularity in areas such as energy, industrial goods, and digital innovation. BCG will collaborate with governments to create net zero agendas, help businesses decrease their carbon emissions, and identify opportunities for green growth via innovation. This will be achieved by harnessing the plentiful renewable resources and technological potential of the region.
What are the major segments of the climate change consulting Market Sizeand their role in driving growth?
The climate change consulting Market Sizecovered in this report is segmented -
1) By Service Type: Renewable Energy Development, Energy Efficiency, Corporate Strategy For Climate Change, Carbon Footprint Analysis, Strategic Advisory Services, Climate Adaptation Analysis And Planning, Policy And Economics, Emission Trading And Offsetting, Green Building Services
2) By Organization Size: Corporate Or Enterprises, Mid-Tier Enterprises, Small Businesses
3) By Industry: Mining, Energy And Utilities, Government, Manufacturing, Transportation And Logistics, Other Industries
Subsegments:
1) By Renewable Energy Development: Solar Energy Project Development, Wind Energy Project Development, Bioenergy Development, Hydropower Development
2) By Energy Efficiency: Energy Audits, Building Energy Management, Process Optimization, Retrofitting And Upgrades
3) By Corporate Strategy for Climate Change: Climate Risk Assessment, Sustainability Reporting, Stakeholder Engagement, Climate Strategy Development
4) By Carbon Footprint Analysis: Greenhouse Gas (GHG) Inventories, Life Cycle Assessment (LCA), Emission Reduction Strategies, Reporting And Verification
5) By Strategic Advisory Services: Climate Policy Guidance, Risk Management Strategies, Sustainability Strategy Development, Corporate Social Responsibility (CSR) Integration
6) By Climate Adaptation Analysis and Planning: Vulnerability Assessments, Adaptation Strategy Development, Resilience Planning, Community Engagement
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Which regions are key players in the growth of the climate change consulting market?
North America was the largest region in the climate change consulting Market Sizein 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the climate change consulting Market Sizereport are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the climate change consulting market?
Major companies operating in the climate change consulting Market Sizeare PricewaterhouseCoopers International Limited, Ernst & Young Global Limited, Schneider Electric SE, Deloitte Touche Tohmatsu Limited, AECOM Technology Corporation, WSP Global Inc., McKinsey & Company Inc., Boston Consulting Group, Gartner Inc., Bain & Company, Arcadis NV, Tetra Tech Inc., Atkins plc, Buro Happold Limited, Ramboll Group A/S, A.T. Kearney Inc., Ricardo Group, Anthesis Group Limited, Coastal Risk Consulting LLC, ClearSky LLC, Trinomics B.V
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What Is Covered In The Climate Change Consulting Global Market SizeReport?
• Forecast: Examine the climate change consulting across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the climate change consulting Market Sizefor a structured understanding.
•Key Players Overview: Analyze major players in the climate change consulting market, including their Market Sizevalue, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the climate change consulting market.
•Segment Contributions: Evaluate how different segments drive overall growth in the climate change consulting market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the climate change consulting market.
•Industry Challenges: Identify potential risks and obstacles affecting the climate change consulting market.
•Competitive Landscape: Review strategic developments in the climate change consulting market, including expansions, agreements, and new product launches.
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