Press release
Carbon Neutrality Market is valued at USD 11.8 billion in 2024 and is expected to reach USD 26.4 billion by 2030
Carbon Neutrality Market
Market Overview
The Carbon Neutrality Market is witnessing significant acceleration as governments, corporations, and industries worldwide commit to net-zero emissions. Carbon neutrality involves balancing greenhouse gas (GHG) emissions through renewable energy adoption, energy efficiency, carbon capture technologies, offsets, sustainable manufacturing, green fuels, and environmental restoration.
The global market is valued at USD 11.8 billion in 2024 and is expected to reach USD 26.4 billion by 2030, growing at a strong CAGR of 14.5% during 2024-2030. Growth is fueled by tightening climate policies, mandatory emission reporting, expansion of carbon credit systems, and rapid investments in renewable power, hydrogen, CCUS (Carbon Capture, Utilization & Storage), and green manufacturing technologies.
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Market Growth (2024-2030)
• Market Size 2024: USD 11.8 billion
• Market Size 2030: USD 26.4 billion
• CAGR: 14.5%
Corporations across energy, automotive, aviation, construction, FMCG, IT, and manufacturing are increasingly adopting net-zero roadmaps to comply with global sustainability mandates.
Key Market Drivers
• Global commitment to Paris Agreement & national net-zero targets
• Rising demand for renewable energy, green hydrogen, EVs, and sustainable fuels
• Expansion of the carbon credit trading ecosystem
• Mandatory environmental reporting frameworks (ESG, CSRD, SECR, etc.)
• Growth in carbon capture and storage (CCUS) investments
• Customer and investor pressure for low-carbon products & supply chains
• Corporate procurement of RECs, offsets, and nature-based solutions
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Market Segmentation
By Solution Type
• Renewable Energy Solutions (Solar, Wind, Hydro, Biomass)
• Energy Efficiency Solutions
• Carbon Capture, Utilization & Storage (CCUS)
• Carbon Offsetting Programs
• Green Hydrogen & E-Fuels
• Sustainable Supply Chain Solutions
• Emission Tracking & Reporting Software
By Service Type
• Consultancy & Advisory
• Implementation Services
• Carbon Footprint Assessment
• Monitoring & Verification
• Carbon Credit Brokerage
• Sustainability Certification
By Technology
• Renewable Power Technologies
• Carbon Capture Technologies
• Direct Air Capture (DAC)
• Smart Grid & Energy Storage
• Low-Carbon Industrial Processes
• AI-Based Carbon Monitoring Tools
By End-Use Industry
• Energy & Utilities
• Automotive & Transportation
• Manufacturing & Industrial
• Aviation & Marine
• IT & Telecom
• Construction & Real Estate
• Agriculture & Forestry
• Food & Beverage
• Retail & Consumer Goods
• Banking & Financial Services (ESG Reporting)
By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
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Key Market Trends
• Rapid expansion of net-zero pledges among Fortune 500 companies
• Growth in green hydrogen economies (EU, Japan, South Korea, Middle East)
• Massive scaling of carbon credit markets, especially nature-based offsets
• Deployment of direct air capture plants and large-scale CCUS projects
• Development of low-carbon industrial clusters (steel, cement, chemicals)
• Emergence of digital MRV tools (AI-based Measurement, Reporting, Validation)
• Rise in green building certifications (LEED, BREEAM, IGBC)
• Increased private sector demand for scope 1, 2, and 3 emission reduction solutions
Competitive Landscape
Leading companies in the Carbon Neutrality Market include:
• Schneider Electric
• Siemens AG
• General Electric (GE)
• ENGIE
• Vestas Wind Systems
• NextEra Energy
• Shell (Energy Transition Division)
• BP (Net-Zero Strategy)
• Honeywell International
• IBM (Sustainability Software Solutions)
Additional key players include carbon-credit providers, verification agencies, renewable energy developers, and sustainability consultancies.
Recent Developments
• Launch of major carbon capture hubs in the U.S. and Europe
• Adoption of carbon-neutral fuels in aviation and shipping
• Tech giants investing in 24/7 renewable power procurement
• Rapid growth in reforestation & nature-based carbon offset projects
• Governments setting stricter mandatory climate disclosures
• Corporate investments in energy-efficient manufacturing upgrades
• Expansion of green hydrogen facilities in Saudi Arabia, Australia, India, and the EU
This report is also available in the following languages : Japanese (カーボンニュートラル市場), Korean (탄소 중립 시장), Chinese (碳中和市场), French (Marché de la neutralité carbone), German (Markt für Klimaneutralität), and Italian (Mercato della neutralità carbonica), etc.
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