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The Impact Of Rising Carbon Dioxide Emissions On The Growth Of Climate Resilient Technologies: Strengthening the Growth Trajectory of the Climate Resilient Technologies Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Climate Resilient Technologies Market Through 2025?
In recent times, the size of the climate resilient technologies market has experienced swift expansion. It is projected to escalate from $15.21 billion in 2024 to $17.31 billion in 2025, indicating a compound annual growth rate (CAGR) of 13.8%. The significant growth observed in the preceding period is due in part to the increasing occurrence of natural calamities, climate change effects on infrastructure, public appeals for climate intervention, the building of flood-proof structures, and the creation of weather-proof transportation systems.
What's the Projected Size of the Global Climate Resilient Technologies Market by 2029?
The sector of climate resilient technologies is anticipated to witness a significant rise in market size over the next few years, with an estimated worth of $28.77 billion by 2029, growing at a compounded annual growth rate (CAGR) of 13.5%. The acceleration expected during the forecast period could be driven by the shift towards renewable energy, mounting concerns over air, water, and soil contamination, rising demand for pest mitigation strategies, increased adoption of technologies for resource conservation, and growing climate awareness. Key trends forecast for this period include the adoption of a circular economy and sustainable practices, innovations in climate information services and early warning methods, resilient urbanization, emphasis on transformative potential, and advancements in adaptive healthcare solutions.
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Top Growth Drivers in the Climate Resilient Technologies Industry: What's Accelerating the Market?
An increase in carbon dioxide emissions is predicted to fuel the expansion of the climate resilient technologies market in the future. Carbon dioxide emissions pertain to the discharging of carbon dioxide (CO2) gas into the air, mostly from burning fuels for energy, industrial activities, deforestation, and certain agricultural practices. The escalation in carbon dioxide levels is mainly attributed to humans burning fossil fuels for energy. Climate-resilient technologies bolster energy efficiency in infrastructures, transport, and industrial processes in order to lessen carbon dioxide emissions. For example, in March 2024, the International Energy Agency, a France-based intergovernmental organization, reported that in 2023, worldwide carbon dioxide emissions from energy combustion and industrial processes climbed to 37.2 billion metric tons (Gt), a rise from 36.2 billion metric tons (Gt) in 2021, signifying an increase of approximately 410 million metric tons. Hence, the rise in carbon dioxide emissions is spurring the expansion of the climate resilient technologies market.
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What Trends Will Shape the Climate Resilient Technologies Market Through 2029 and Beyond?
Key players in the climate resilient technologies market are putting emphasis on technological innovation, specifically in the area of AI-enabled heat risk solutions, to improve their predictive power, streamline resource allocation and increase the efficacy of strategies aimed at climate adaptation and mitigation. AI-enabled heat risk solutions are sophisticated platforms using artificial intelligence to evaluate, forecast and control hazards tied to severe heat incidents. In June 2024, for example, Resilience AI, a firm based in India that provides climate resilient technology solutions, launched ResSolv, an upgraded AI-powered heat risk solution, in response to the rising heatwave issue. Resilience AI's ResSolv heat risk model features an inclusive function that includes detecting building footprints, multi-hazard risk scoring, and heat hotspot mapping to identify households most at risk from heat-related dangers. It also implements community education initiatives informing people about the risks of heatstroke and promoting preventative measures.
What Are the Main Segments in the Climate Resilient Technologies Market?
The climate resilient technologies market covered in this report is segmented -
1) By Type: Resilience Solutions, Services
2) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
3) By Application: Agriculture, Transportation, Energy And Utilities, Healthcare, Other Applications
Subsegments
1) By Resilience Solutions: Flood Protection Systems, Drought-Resistant Agriculture Solutions, Climate-Resilient Infrastructure, Early Warning Systems
2) By Services: Climate Risk Assessment, Climate Adaptation Consulting, Disaster Recovery And Response Services, Resilience Training And Capacity Building
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Which Top Companies are Driving Growth in the Climate Resilient Technologies Market?
Major companies operating in the climate resilient technologies market are 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
Which Regions Will Dominate the Climate Resilient Technologies Market Through 2029?
North America was the largest region in the climate resilient technologies market in 2024. 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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