Climate Resilient Technologies Market Segmented By Resilience Solution, Services Solution in SMEs, Large Enterprises Size in Agriculture, Transportation, Energy & Utilities, Healthcare Industry
Industry: IT and Telecommunication
Published Date: July-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP32983
According to the latest study by Persistence Market Research, the global climate resilient technologies market reached a size of US$ 8.4 billion in 2018. Demand for climate resilient technologies recorded Y-o-Y growth of 15.5% in 2022, and thus, the global market is estimated at US$ 16.59 billion in 2023. Over the projection period (2023 to 2033), the market is projected to expand swiftly at 17.9% CAGR and reach US$ 86.13 billion by 2033-end.
Climate resilient technologies refer to a range of innovative solutions, practices, and systems that are designed to mitigate the impacts of climate change and enhance the ability of societies and ecosystems to adapt to changing climatic conditions. These technologies aim to promote sustainability, reduce greenhouse gas emissions, and increase resilience in the face of climate-related challenges.
These technologies and practices enhance the energy efficiency and environmental sustainability of buildings. This includes energy-efficient insulation, smart thermostats, solar panels, green roofs, and efficient HVAC (heating, ventilation, and air conditioning) systems.
The market encompasses a wide range of sectors and industries, all working towards developing and implementing innovative solutions to address the challenges posed by climate change and build a more sustainable and resilient future.
| Attributes | Key Insights |
|---|---|
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Climate Resilient Technologies Market Size (2023) |
US$ 16.59 Billion |
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Projected Market Value (2033) |
US$ 86.13 Billion |
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Global Market Growth Rate (2023 to 2033) |
17.9% CAGR |
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Market Share of Resilience Solutions (2022) |
57.8% |
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Power Generation and Distribution Market Share (2022) |
23.6% |
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Growth Rate of Large Enterprises (2023 to 2033) |
19.5% CAGR |
“Rising Awareness of Adverse Impact of Climate Change and Stringent Regulations Governing Carbon Emissions”
Growing recognition of the severe impacts of climate change, such as rising temperatures, extreme weather events, sea-level rise, and ecosystem disruptions, has created a sense of urgency to take action. This urgency drives the need for solutions that can mitigate greenhouse gas emissions and adapt to the changing climate. Climate resilient technologies offer innovative and sustainable approaches to address these challenges, leading to market growth.
Governments around the world are implementing policies and regulations to combat climate change and reduce carbon emissions. These measures often include renewable energy targets, carbon pricing mechanisms, and building codes that promote energy efficiency. Such policies create a favorable market environment for climate-resilient technologies, as businesses and individuals seek to comply with regulations and take advantage of incentives, driving market growth.
Why is the United States Emerging as a Lucrative Market for Providers of Climate Resilient Technologies?
“Increasing Public Awareness and Demand for Climate Solutions, Robust Innovation Ecosystem, and Supportive Government Policies”
Climate change awareness among the public is increasing. Citizens are demanding action and solutions to address climate challenges. This public support creates a favorable environment for the adoption of climate resilient technologies as consumers seek sustainable options and prompt businesses and policymakers to prioritize climate resilience.
The United States has a strong foundation in research and innovation, with renowned universities, national laboratories, and private sector R&D facilities. This intellectual capital and technological expertise contribute to the development and advancement of climate resilient technologies. It allows the United States to be at the forefront of innovation, driving the growth and competitiveness of the market.
The government has shown commitment to addressing climate change through various policy initiatives and regulations. The administration has prioritized climate action and aims to achieve a carbon-free electricity sector by 2035 and a net-zero emissions economy by 2050. Such policies create a supportive framework for the adoption of climate resilient technologies, incentivizing businesses and individuals to invest in these solutions.
These factors will allow the United States market to progress at a CAGR of 17.3% over the forecast period.
Why is India Set to Be a Promising Market for Climate Resilient Technologies?
“Increasing Climate Vulnerability Due to Rapid Urbanization and Infrastructure Development”
Rapid urbanization in India has led to the country’s increased vulnerability to climate change. Cities face challenges such as heat waves, flooding, water scarcity, and pollution. Climate resilient technologies play a crucial role in mitigating these risks and enhancing the resilience of urban areas. Technologies like green infrastructure, smart city solutions, and sustainable building materials are adopted to create climate-resilient cities. Also, urban areas provide opportunities for the integration of renewable energy technologies.
Solar panels on rooftops, wind turbines in urban landscapes, and grid-connected renewable energy systems can help cities transition to cleaner and more sustainable energy sources. This reduces carbon emissions, enhances energy security, and builds climate resilience in the urban energy infrastructure.
Integration of data analytics and Internet of Things (IoT) technologies plays a crucial role in urban climate resilience. Real-time data collection, monitoring, and analysis enable effective decision-making, generate early warning systems for extreme weather events, and facilitate adaptive management of urban infrastructure.
IoT-enabled sensors, smart meters, and predictive analytics enhance the efficiency and resilience of urban systems. These factors allow the Indian market to expand at a CAGR of 22.8% over the forecast period.
How is Demand for Climate Resilient Technologies Shaping Up in China?
“Challenges Related to Air, Water, and Soil Pollution and Government Policies for Sustainable Development”
China is a populous country with a rapidly growing economy. Its large market size creates significant opportunities for the adoption and deployment of climate-resilient technologies. As the country continues to urbanize and develop infrastructure, demand for resilient solutions in areas such as energy, transportation, buildings, and water management is expected to grow.
China has faced significant challenges related to air pollution, water pollution, and soil degradation. These environmental concerns have led to increased public awareness and demand for cleaner and more sustainable technologies. Climate resilient technologies that improve air quality, water management, and environmental monitoring systems are in high demand as the government and citizens seek solutions to address pollution and improve environmental sustainability.
The Chinese government has shown a strong commitment to addressing climate change and promoting sustainable development. China aims to reduce its carbon emissions before 2030 and achieve carbon neutrality by 2060. To achieve these targets, the government has implemented policies and regulations that encourage the adoption of climate resilient technologies. This commitment provides a supportive environment for the growth of the market, and hence China held a 41.5% share of the global market in 2022.
Why Do Resilience Solutions Account for a Leading Share of the Market?
“Frequent and Extreme Weather Events Driving Increased Need for Resilience Solutions to Maintain Business Continuity and Safeguard Lives”
The resilience solutions segment dominates the climate resilient technologies market, holding a leading market share of 57.8% in 2023.
Climate change is leading to more frequent and severe weather events, such as hurricanes, floods, and heat waves. These events pose significant risks to infrastructure, communities, and economies. Resilience solutions are designed to help withstand and recover from these climate-related risks. As the awareness of the impact of climate change grows, there is a rising demand for resilience solutions to protect assets, ensure business continuity, and safeguard human lives.
Communities, businesses, and individuals are increasingly demanding sustainable and resilient practices. The reputation and brand value of organizations are influenced by their commitment to climate resilience. Meeting these social expectations requires the adoption of resilience solutions that protect people, assets, and the environment.
Why is the Power Generation and Distribution Sector Extensively Adopting Climate Resilient Technologies?
“Rising Vulnerability of Energy Infrastructure to Climate-related Risks”
The power generation and distribution segment is forecasted to progress at a CAGR of 17.2% in this market during the forecast period.
Demand for energy is continuously rising, driven by population growth, urbanization, and industrial development. The energy infrastructure faces various climate-related risks such as extreme weather events and aging infrastructure.
Climate resilient technologies make energy and power systems capable of withstanding and recovering from disruptions. This includes technologies like microgrids, distributed energy resources, advanced grid monitoring and control systems, and demand-response solutions.
Climate resilient technologies focus on energy efficiency and demand-side management. Energy-efficient technologies reduce energy consumption and greenhouse gas emissions, making energy systems more resilient to climate change. Demand-side management strategies, such as load management, demand-response, and intelligent energy management systems, optimize energy use and improve grid reliability, especially during peak demand periods or in the face of supply disruptions.
Which Type of Enterprise Will Drive High Demand for Climate Resilient Technologies?
“Growing Emphasis of Large Enterprises on Reducing Greenhouse Gas Emissions for Regulatory Compliance”
The large enterprises segment is predicted to expand at a CAGR of 19.5% during the forecast period.
Climate change poses various risks to large enterprises, including physical risks to infrastructure, disruptions in supply chains, regulatory changes, reputational risks, and financial losses. Climate resilient technologies help enterprises mitigate these risks by enhancing the resilience of their operations, assets, and supply chains.
For example, adopting resilient infrastructure, such as flood-resistant buildings or decentralized energy systems, helps protect assets from climate-related hazards. This reduces the vulnerability of large enterprises to climate risks and improves their business continuity.
Many countries and regions have introduced regulations and policies aimed at mitigating climate change and promoting resilience. Large enterprises need to comply with these regulations to avoid penalties and reputational damage. Climate resilient technologies play a crucial role in meeting these compliance requirements. By adopting technologies that reduce greenhouse gas emissions, manage waste responsibly, and minimize environmental impacts, enterprises can ensure regulatory compliance and demonstrate their commitment to environmental stewardship.
Leading players in the climate resilient technologies landscape are collaborating and partnering with other organizations to expand their footprint.
Recent developments related to key players providing climate resilient technologies have been tracked by analysts at Persistence Market Research, which will be accessible in the full report.
| Attribute | Details |
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
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In 2022, the global climate resilient technologies market stood at US$ 14.24 billion.
The power generation and distribution segment held a market share of 23.6% in 2022.
The global market for climate resilient technologies is predicted to surge ahead at a 17.9% CAGR through 2033.
The worldwide market is forecasted to climb to a valuation of US$ 86.13 billion by 2033-end.
The large enterprises segment is projected to expand at a CAGR of 19.5% through 2033.
