1. An Outline of the Climate Resilient Technologies Market
2. Assumptions and Abbreviations
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. Summary of the Report for Key Decision Makers
5. Forces of the Market Constituents
5.1. Factors/Drivers Impacting the Growth of the Market
5.2. Market Trends for Better Business Practices
6. Key Market Opportunities for Business Growth
7. Major Roadblocks for the Market Growth
8. Decarbonization Strategy and Carbon Credit Benefits for Market Players
8.1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
8.2. Measures Taken by Countries to Reduce Carbon Footprints
8.3. Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
8.4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
8.5. Demand Impact on the Companies Opting for Carbon Credits
9. Government Regulation: How They Would Aid Business?
9.1. IAEA Standards for Greenhouse Gas Reduction in Agriculture
9.2. Greenhouse Gases Emission Standards
9.3. Others
10. Technology Transition and Adoption Analysis
11. Industry Risk Analysis
12. Global Economic Outlook: Challenges for Global Recovery and its Impact on Global Climate Resilient Technologies Market
12.1. Ukraine-Russia Crisis
12.2. Potential US Economic Slowdown
13. Industry Pricing Benchmarking & Analysis
14. Technology Trends in Climate Resilient Technologies
15. Industry Growth Outlook
16. Industry Value Chain Analysis
17. Application Analysis
18. Regional Demand Analysis
19. Competitive Positioning: Strategies to Differentiate a Company From its Competitors
20. Competitive Model: A Detailed Inside View for Investors
21. Global Climate Resilient Technologies Market, Outlook & Projections, Opportunity Assessment, 2022 to 2035
21.1. Market Overview
21.2. Market Revenue by Value (USD /million) and Compound Annual Growth Rate (CAGR)
21.3. Year-on-Year (Y-o-Y) Growth Trend Analysis
21.3.4.1. Market Overview
21.3.4.2. Market Revenue by Value (USD million/billion) and Compound Annual Growth Rate (CAGR)
21.3.4.3. Year-on-Year (Y-o-Y) Growth Comparative Analysis
22. North America Climate Resilient Technologies Market Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
23. Europe Climate Resilient Technologies Market Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
24. Asia Pacific Climate Resilient Technologies Market Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
25. Latin America Climate Resilient Technologies Market Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
26. Middle East & Africa Climate Resilient Technologies Market Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
The global climate resilient technologies market is estimated to garner a revenue of USD 128,025.8 million by the end of 2035 by growing at a CAGR of 18.5% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 14,487.4 million in the year 2022. The surge in carbon dioxide emissions has boosted demand for better and more efficient climate-resilient technologies and products across all major industries, such as automotive, agriculture, healthcare, and many others. In addition, using carbon capture technologies and the transition to renewable energy sources can help combat or moderate the increase in CO2 emissions. As per the data reported by the World Bank, nearly 4.5 metric tons of per capita carbon emissions were recorded in the year 2018 across the globe.
In addition to these, factors that are believed to fuel the market growth of climate resilient technologies include the increasing government initiatives. For instance, in June 2022, the Government of Canada announced funds for climate-resilient infrastructure initiatives, since extreme weather events such as high winds, floods, and heatwaves are becoming more frequent in the country, impacting the infrastructure. In addition, the Standards Council of Canada announced funding of USD 46.7 million for two important climate resilience initiatives namely the Climate Resilient Built Environment initiative (with funding of USD 35 million over five years) and the standards to support resilience in infrastructure program (with funding of USD 11.7 million over five years).
Base Year |
2022 |
Forecast Year |
2023-2035 |
CAGR |
18.5% |
Base Year Market Size (2022) |
USD 14,487.4 Million |
Forecast Year Market Size (2035) |
USD 128,025.8 Million |
Regional Scope |
|
Growth Drivers
Increasing Government Initiatives – The National Adaptation Fund for Climate Change (NAFCC) in India aims to meet the cost of adaptation to climate change for the states and union territories that are specifically vulnerable to the adverse effects of climate change. The government set up a budget provision of USD 43 million for 2015-16 and 2016-17, with an estimated requirement of USD 22 million for the financial year 2017-18 for NAFCC. The projects under NAFCC prioritize the relevant Missions under National Action Plan on Climate Change and to emphasize the needs that build climate resilience in the areas identified under the State Action Plan on Climate Change.
Growing Demand for Climate Resilient Technologies in Agriculture Sector – The climate has a big impact on agriculture. The development and production of crops are influenced directly or indirectly by changes in temperature, carbon dioxide (CO2), moisture, water availability, and other factors. In addition to contributing to global warming, rising atmospheric CO2 levels are changing the agricultural ecosystem. Moreover, overusing chemical pesticides and fertilizers has a negative impact on the sustainability of agricultural systems and the health of the soil. Therefore, the surging threats to ensuring food security, followed by the influence of the climate change on crop production is expected to boost the market’s growth. According to the World Health Organization, there has been increase in the number of people affected by the hunger accounting to USD 828 million in the year 2021.
Increasing Demand for Pest Control Measures – According to estimates, insect pests generate losses of 13.6% annually worldwide and 17.5% annually in India. Insect pests continue to have a significant negative impact on agricultural output and human health despite decades of scientific advancement. On the other side, the host plant, natural enemies, or extreme weather circumstances can manipulate an insect species' population abundance, which ultimately results in a severe infestation of insect pests in the field.
Growing Adoption of Resource Conservation Technologies – Over 125 million hectares of land worldwide are used for conservation agriculture, with the majority of those being in the USA (26.5 million hectare), Brazil (25.5 million hectare), Argentina (25.5 million hectare), Canada (13.5 million hectare), and Australia (17.0 million hectare).
Challenges
The global climate resilient technologies market is segmented and analyzed for demand and supply by solution into resilience solutions and services. Out of the two types, the resilience solutions segment is estimated to gain the largest market share over the projected time frame. In order to reduce harmful effects on the environment, various resilience solutions are now being adopted by different sectors. For instance, natural infrastructure may create co-benefits including species habitat and recreational activities while also protecting against a variety of climate change threats such as coastal flooding, riverine floods, high heat in metropolitan areas, and drought. Cities will experience significant effects from climate change. For instance, as per the reported data, the natural disasters may push to more than 70 million urban residents into poverty by the end of 2030, if significant investment is not made in making cities more resilient across the world. In addition, building resilience will be a crucial urban policy and a wise investment for cities in the coming decades. Despite, many cities are already starting to increase their resilience in response to the new dangers brought on by climate change, the measures they are implementing frequently have positive side effects that make them healthier, more desirable places to live and conduct business.
The global climate resilient technologies market is also segmented and analyzed for demand and supply by enterprise size into SMEs and large enterprises. Amongst these segments, the SMEs segment is expected to garner a significant share by the end of 2035 and also grow with the highest CAGR of 18.7% during the forecast period. The primary factors propelling the market's growth are the increasing demand from SMEs and numerous industrial verticals, as well as macroeconomic expansion. As more enterprises acknowledge the need to adapt to the impacts of climate change and become more sustainable and resilient, the demand for climate resilient solutions in small industry is rising.
Our in-depth analysis of the global climate resilient technologies market includes the following segments:
By Solution |
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By Enterprise Size |
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By Application |
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Asia Pacific accounted for the highest market share in the climate resilient technologies market, owing to rising environmental awareness and the presence of significant market players in the area. The Asia Pacific market is also anticipated to witness the largest revenue of USD 46875.1 Million by the end of 2035, owing to increasing climate consciousness in nations such as China, India, Japan, and others. In Japan, the per-person carbon emission has indeed significantly decreased. The World Bank reports that Japan's per-capita carbon emissions decreased from 9.8 metric tons in 2013 to 8.5 in 2019. The growth of the market can be attributed to growing climatic concerns, and their impact on the economic and environmental sector. According to the World Bank, the region includes 13 of the 30 countries most vulnerable to the impacts of climate change. Without concerted action, the region could see an additional 7.5 million people fall into poverty owing to climate impacts by 2030. Furthermore, there has been surging adoption of climate resistant technologies in the agriculture technologies in order to achieve higher productivity. Hence, it is expected to boost the growth of the market in the region. For instance, according to the India Brand Equity Foundation, the agricultural sector recorded a sharp increase in investments with a cumulative FDI inflow of USD 2,600.70 million between April 2000-June 2022. Furthermore, agriculture and allied activities recorded a growth rate of 3.9% in FY 2021-22.
Moreover, the market in the North America region is anticipated to witness a significant growth over the forecast period. This can be attributed to the rising several natural disasters that the region faces such as flooding, drought, heat, etc. For instance, according to the National Centers for Environmental Information, the United States has experienced 341 climate and weather disasters since 1980, with total damages/costs exceeding USD 1 billion. The United States will experience 18 weather/climate disaster events in 2022 (including 1 flooding event, 1 drought event, 11 severe storm events, 3 tropical cyclone events, 1 winter storm event, and 1 wildfire event), and 60 events between 2020 and 2022. The combined cost of these 341 events is more than USD 2.475 trillion. In response to these disasters, the region is developing a resilience strategy in the form of climate resilient technologies, which help the climate anticipate and recover. For example, Canada and the United States signed the Paris agreement, a legally binding international climate change treaty. The agreement aims to limit global warming to below 2°C (preferably 1.5°C) compared to pre-industrial levels.
MeteoWeather and Climavision together announced a collaboration which aims at providing access to Climavision's Global Radio-Occultation and Observation (GRO) forecast model. This model will significantly improve fuel performance, safety, and efficiency for daily airline operations and offers seamless integration into business aviation and airlines' Flight Management System (FMS).
Valobat and Kingspan Group collaborate on a circular built environment in France, collaboration will promote waste streams for building materials and end-of-life solutions.
Author Credits: Abhishek Verma, Hetal Singh
Ans: Growing carbon emissions across the globe and increasing government initiatives are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of 18.5% over the forecast period, i.e., 2023 – 2035.
Ans: Higher cost of climate resilient technologies and lack of awareness for climatic resilience technology are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are 3M, TerraFuse, Inc., ClimateAi, inc., Climavision, Challenergy Inc., Arup Group Limited, Kingspan Group, Saint-Gobain Group, Gro Intelligence, Inc., Nephila Capital Ltd., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by solution, enterprise size, application, and by region.
Ans: The resilience solutions segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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