Decarbonization Market is expected to reach US$ 19.47 billion by 2032 | Top Companies - Ernst & Young Global Limited, DNV, Armstrong International Inc.

Market Size and Growth:

The Global Decarbonization Market Size reached US$ 3.76 billion in 2024 and is expected to reach US$ 19.47 billion by 2032, growing with a CAGR of 22.82% during the forecast period 2025-2032. According to DataM intelligence Report.

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The Decarbonization Market refers to the global industry focused on reducing carbon dioxide and greenhouse gas emissions across sectors like energy, transportation, and manufacturing. It includes technologies, services, and solutions such as renewable energy, carbon capture, energy efficiency, and low-emission fuels aimed at achieving net-zero emissions, supporting climate goals, and promoting sustainable economic growth worldwide.

United States: Recent Developments of Decarbonization Market

✅ November 2025: ExxonMobil launched a large-scale industrial decarbonization initiative integrating hydrogen, carbon capture and storage (CCS), and low-carbon fuels for petrochemical plants along the Gulf Coast, targeting multi-million-ton annual CO2 reductions.​

✅ October 2025: Amazon invested $200 million to expand renewable energy installations, fleet electrification, and data center efficiency upgrades as part of its Climate Pledge roadmap, accelerating emission reductions in logistics and cloud operations.​

✅ September 2025: Duke Energy deployed advanced grid decarbonization systems combining battery storage, smart-load management, and renewable integration across southeastern states to enhance grid reliability and emissions performance.​

Europe: Recent Developments of Decarbonization Market

✅ December 2025: The European Commission allocated €5.2 billion through the Innovation Fund, including €1 billion for an industrial process heat decarbonization auction via the Industrial Decarbonization Bank, supporting electric boilers, heat pumps, and other electrification technologies.​

✅ November 2025: The State of the Energy Union Report 2025 highlighted a 2.5% drop in EU GHG emissions in 2024, with renewables reaching 47% of electricity generation after adding 77 GW of capacity, advancing the 2030 target of 55% net emission reductions.​

✅ September 2025: The EU ETS expanded to maritime transport while power sector emissions fell nearly 11% in 2024 due to rising renewables like wind and solar, plus a shift from coal to gas, with hard coal emissions hitting a historic low.​

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Major Players:

Key companies in the Decarbonization market include:

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

Market Growth Drivers:

Policy Support and Regulations:

✅ Governments worldwide implement emissions targets, carbon pricing, and subsidies for clean technologies, creating incentives for industries to shift from fossil fuels. These measures, such as carbon taxes and renewable energy incentives, accelerate investments in low-carbon solutions across sectors like energy and manufacturing.​

Renewable Energy Adoption:

✅ Declining costs and technological advancements in solar, wind, and hydroelectric power make renewables competitive with fossil fuels, driving infrastructure investments and large-scale deployment. This transition supports industrial applications previously reliant on high-emission sources.​

Corporate and Investor Pressure:

✅ ESG requirements and investor demands for climate risk disclosure push companies to set net-zero targets, fostering innovation in carbon capture and electrification. Green finance and sustainability goals enhance market demand for decarbonization services.​

Segments Covered in the Decarbonization Market:

By Service: Carbon Accounting & Reporting Services, Sustainable Transportation Services, Waste Reduction & Circular Economy Services, Others.

By Technology: Renewable Energy, Energy Storage, Carbon Capture, Utilization and Storage (CCUS), Hydrogen Technologies, Electrification, Others.

By Deployment: On-premises, Cloud.

By End-User: Oil & Gas, Energy & Utility, Agriculture, Government, Automotive & Transportation, Aerospace & Defense, Manufacturing, Others.

Regional Analysis for Decarbonization 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)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Decarbonization market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Decarbonization Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Decarbonization market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Decarbonization Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Decarbonization market?

➠ Who are the global key manufacturers of the Decarbonization Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Decarbonization market opportunities and threats faced by the vendors in the global Decarbonization Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Decarbonization market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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