United States Decarbonization Market Size to Hit $19.47 Bn by 2032 | Hydrogen Americas 2025

DataM Intelligence has published a new research report on "Decarbonization Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

The U.S. Inflation Reduction Act (IRA) allocates $369 billion in clean energy incentives, including tax credits for carbon capture, hydrogen, and renewables, sparking over $200 billion in private clean energy investments. Canada's Carbon Pricing System one of the world's most comprehensive imposes rising emission fees, encouraging low-carbon adoption, alongside a $9.1 billion pledge under its 2030 Emissions Reduction Plan. The U.S. also leads in green hydrogen, with Plug Power's gigafactories and the DOE's $7 billion Regional Clean Hydrogen Hubs program driving production. Together, these initiatives are fueling market growth.

The EU aims to be the first climate-neutral continent by 2050 under the Green Deal, boosting demand for decarbonization technologies, while Asia-Pacific leads growth driven by rising energy needs, pro-sustainability policies, and climate action.

The International Energy Agency projects solar photovoltaic investment to exceed US$ 500 billion in 2024-the largest global investment in any single power generation technology.

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Decarbonization Trends

Green hydrogen production costs 3-5 times more than steam methane reforming, with electrolyzers priced at $800-$1,400 per kW, creating a major adoption hurdle. Likewise, carbon capture requires $50-$100 million per plant plus $40-$100 per ton of CO2 captured, making it economically challenging without strong subsidies.

Hard-to-abate sectors such as steel, cement, aviation, and shipping face rising pressure to cut emissions. Steel alone contributes about 7% of global CO2, pushing firms like ArcelorMittal and SSAB toward hydrogen steelmaking and carbon capture. Meanwhile, aviation is advancing sustainable aviation fuels (SAF) and electric aircraft to align with IATA's 2050 net-zero target.

Key Players:

Ernst & Young Global Limited, DNV, Armstrong International Inc., Boston Consulting Group, ABB, Deloitte, Arup, MAN, Siemens and Wärtsilä.

Key Development:

Carbon Capture, Utilization, and Storage (CCUS) is vital for the UAE's 2050 net-zero target, particularly in hard-to-abate sectors like steel, cement, and chemicals, as well as in cutting emissions from fossil fuel power. According to the IEA's Tracking Clean Energy Progress 2023, CCUS deployment is growing but must accelerate significantly to meet Net Zero by 2050 goals. Currently, North America and Europe account for over 75% of global CCUS capacity (operational and planned). However, broader international cooperation is crucial, especially for adoption in developing economies. The report underscores that CCUS remains off track with net-zero ambitions, requiring stronger government backing, investment, and innovation.

Growth Forecast Projected:

The Global Decarbonization Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Decarbonization Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Technology: (Carbon Capture, Utilization, and Storage (CCUS), Renewable Energy Solutions, Alternative Fuels & Energy Sources, Energy Efficiency & Electrification, Others)

By Deployment: (On-premises, Cloud)

By Transportation Mode: (Aviation, Road Transport, Rail Transport, Sea Transport)

By End-User: (Energy & Power, Industrial Manufacturing & Heavy Industries, Oil & Gas, Transportation & Logistics, Buildings & Construction, Agriculture & Food Processing, Others)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Decarbonization producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Decarbonization revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Decarbonization Market?

A: The Decarbonization Market stood at US$ 3.76 billion in 2024 and is set to experience remarkable growth, reaching US$ 19.47 billion by 2032

Q2: How fast is the Decarbonization Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 22.82% from 2025 to 2032

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