At what pace is the climate adaptation market growing, and what is its estimated value?
The climate adaptation market size has grown rapidly in recent years. It will grow from $23.11 billion in 2024 to $25.67 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to government policies and regulations, an increase in extreme weather events, rising carbon emissions, funding projects for infrastructure, and urbanization.
The climate adaptation market size is expected to see rapid growth in the next few years. It will grow to $38.74 billion in 2029 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to increasing demand for pest control measures, industrial growth, population growth, water management, and increasing awareness. Major trends in the forecast period include carbon removal technologies, technology-based solutions, innovative solutions, automation, and machine learning.
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What are the top drivers to the rising demand in the climate adaptation market?
The increasing carbon emissions are expected to propel the growth of the climate adaptation market going forward. Carbon emissions are the release of carbon compounds, primarily carbon dioxide (CO2) and methane (CH4), into the atmosphere, mainly from burning fossil fuels and industrial processes, contributing significantly to climate change and global warming. Factors contributing to increasing carbon emissions include population growth, rising energy consumption, industrial expansion, urbanization, and reliance on fossil fuels for energy production. With carbon emissions continuing to rise, the urgency for implementing effective climate adaptation strategies has led to advancements in technology-based solutions, such as carbon capture and storage (CCS) and direct air capture (DAC), which are integral to the climate adaptation market’s growth. For instance, in February 2024, according to the Department for Energy Security and Net Zero, a UK-based government department focused on the energy portfolio, there has been an increasing greenhouse gas emissions from domestic transport to 113.2 MtCO2e in 2022, a 2% rise from 2021. Therefore, the increasing carbon emissions are driving the climate adaptation market.
How is the climate adaptation market segmented?
The climate adaptationmarket covered in this report is segmented –
1) By Solution: Natural-Based Solutions, Enhanced Natural Process Solutions, Technology-Based Solutions, Early Climate Warning And Environment Monitoring Solutions
2) By Enterprise Size: Small And Medium-Sized Enterprises, Large Enterprises
3) By Industry: Oil And Gas, Power Generation, Chemical And Petrochemical, Government, Education, Other Industries
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Who are the top competitors in the climate adaptation market?
Major companies operating in the climate adaptation marker are Exxon Mobil, Accenture plc, International Business Machines Corporation, PricewaterhouseCoopers International Limited, Baker Hughes, Jacobs Engineering, WSP Global, Xylem Inc., Mott MacDonald, Tetra Tech, Ramboll, Dewberry, Esri, RPS Group plc, Vaisala, Sierra Club, Campbell Scientific Inc., The Carbon Trust, Carbon Engineering ULC, DNV GL, ClimeCo LLC, AquaBounty Technologies, BARANI DESIGN Technologies, EcoMetrix Solutions Group, Arup Group Limited
What significant trends should we anticipate in the climate adaptation market over the forecast period?
Major companies operating in the climate adaptation market are focusing on developing advanced products such as carbon management technologies to enhance efficiency, reduce emissions, and cater to the growing demand for effective climate solutions in various industries. Carbon management technologies are innovative systems designed to capture, store, or reduce carbon emissions from industrial processes, enabling organizations to meet sustainability goals and comply with regulatory requirements. For instance, in September 2024, Baker Hughes, a US-based energy technology company, launched CarbonEdge, an advanced carbon management solution designed associated with climate adaptation efforts applications across multiple industries, offering real-time monitoring and analysis of carbon emissions. It utilizes cutting-edge sensor technology to provide precise emission data, allowing industries to optimize operations and reduce their carbon footprint effectively. CarbonEdge is based on Baker Hughes’ considerable experience in energy technology, provides dependable performance and significant environmental benefits for businesses looking to improve their sustainability efforts.
Which regional trends are influencing the climate adaptation market, and which area dominates the industry?
Asia-Pacific was the largest region in the climate adaptation market in 2024. The regions covered in the climate adaptation marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Climate Adaptation Market Report 2025 Offer?
The climate adaptation market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Climate adaptation refers to the process of adjusting to the current or expected effects of climate change. It involves making changes in systems, practices, and behaviors to minimize the negative impacts of climate change while taking advantage of potential benefits.
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