The Global Carbon Neutrality Market Size is valued at 11.0 billion in 2024 and is predicted to reach 26.0 billion by the year 2034 at a 9.2% CAGR during the forecast period for 2025-2034.
Carbon neutrality, which is backed by government efforts, can aid in recording, monitoring, and lowering emissions emitted by houses and companies. Several governments and stakeholders throughout the world are constantly making policies and changes to minimize greenhouse gas and emission levels in the environment. According to the World Energy Outlook-2021, more than 120 nations declared new emission reduction targets for 2030, and governments representing over 70% of global CO2 emissions have vowed to achieve net zero emissions by 2050. Worldwide initiatives such as the Carbon Action Initiative and the Net-Zero Government Initiative have been launched to achieve these goals.
However, the emergence of COVID-19 has damaged numerous markets worldwide by disrupting distribution systems and logistics bottlenecks. Covid-19 and its spread caused alarm in most countries, and protecting the climate and investing in environmental improvement were not the administration's top priorities. Another issue affecting the carbon footprint management business in covid-19 was the termination of weather change-related research and development programs, which created a market vacuum for the carbon neutrality market.
The carbon neutrality market is segmented on the basis of activity, components, and verticals. Based on activity, the market is segmented as emissions reduction management, renewable energy management, waste management, product life cycle management, and others. The component segment includes solutions and services. By verticals, the market is segmented into manufacturing, shipping & logistics, energy & utilities, construction, automotive, food & beverages, and others.
The emissions reduction management category is expected to hold a major share of the global carbon neutrality market in 2022. Emission reduction management in carbon neutrality entails putting in place particular methods to reduce or offset greenhouse gas emissions. This includes investigating and implementing renewable energy sources, lowering energy usage via energy efficiency measures, and offsetting emissions with carbon credits. The energy sector is accountable for around three-quarters of greenhouse gas emissions and is critical in avoiding the worst effects of climate change. Furthermore, replacing gas, polluting coal, and oil-fired electricity with renewable energy sources such as solar or wind will dramatically reduce carbon emissions.
The services segment is projected to develop at a rapid rate in the global carbon neutrality market. Carbon neutrality services can assist organizations and individuals in becoming more environmentally sustainable and reducing their environmental effects. Carbon footprint analyses to determine the sources of carbon dioxide emissions, carbon offsetting programs to minimize emissions, and investments in renewable energy sources are examples of services. Furthermore, the growing demand for automated carbon footprint computation to give consumers complete visibility into where carbon credits are created is driving revenue growth in this market.
The North America Carbon Neutrality Market is expected to register the highest market share in terms of revenue in the near future. This is due to the quick implementation of carbon pricing, growing demand for sustainability and renewable energy, and increasingly stringent waste management regulations. Furthermore, the Asia Pacific market is predicted to grow enormously throughout the forecast period.
Many governments in this region have set lofty goals and initiated measures to cut carbon emissions. Furthermore, governments recognize the need to cut carbon emissions and construct cities better positioned for climate change's effects as low-carbon cities proliferate in this region. Furthermore, low-carbon cities are ones that are meant to lower their carbon footprint by improving energy efficiency, improving transportation systems, and making better use of resources.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 11.0 Bn |
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Revenue forecast in 2034 |
USD 26.0 Bn |
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Growth rate CAGR |
CAGR of 9.2% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Product, Application, and End-use |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; Japan; Brazil; Mexico; The UK; France; Italy; Spain; Japan; India; South Korea; Southeast Asia |
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Competitive Landscape |
ClimeCo LLC., Carbon Footprint Ltd, Green Mountain Energy Company, Terrapass, Schneider Electric, ENGIE, SAP, EcoAct, Climate Impact Partners, and ESG Enterprise. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Carbon Neutrality Market Snapshot
Chapter 4. Global Carbon Neutrality Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Activity Estimates & Trend Analysis
5.1. by Activity & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Activity:
5.2.1. Emissions Reduction Management
5.2.2. Renewable Energy Management
5.2.3. Waste Management
5.2.4. Product Life Cycle Management
5.2.5. Others
Chapter 6. Market Segmentation 2: by Component Estimates & Trend Analysis
6.1. by Component & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Component:
6.2.1. Solutions
6.2.2. Services
Chapter 7. Market Segmentation 3: by Verticals Estimates & Trend Analysis
7.1. by Verticals & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Verticals:
7.2.1. Manufacturing
7.2.2. Shipping and logistics
7.2.3. Energy & utilities
7.2.4. Construction
7.2.5. Automotive
7.2.6. Food & beverages
7.2.7. Others
Chapter 8. Carbon Neutrality Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Activity, 2021-2034
8.1.2. North America Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
8.1.3. North America Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Verticals, 2021-2034
8.1.4. North America Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Activity, 2021-2034
8.2.2. Europe Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
8.2.3. Europe Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Verticals, 2021-2034
8.2.4. Europe Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Activity, 2021-2034
8.3.2. Asia Pacific Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
8.3.3. Asia-Pacific Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Verticals, 2021-2034
8.3.4. Asia Pacific Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Activity, 2021-2034
8.4.2. Latin America Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
8.4.3. Latin America Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Verticals, 2021-2034
8.4.4. Latin America Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Activity, 2021-2034
8.5.2. Middle East & Africa Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
8.5.3. Middle East & Africa Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by Verticals, 2021-2034
8.5.4. Middle East & Africa Carbon Neutrality Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. ClimeCo LLC.
9.2.2. Carbon Footprint Ltd.
9.2.3. Green Mountain Energy Company
9.2.4. Terrapass
9.2.5. Schneider Electric
9.2.6. ENGIE
9.2.7. SAP
9.2.8. EcoAct
9.2.9. Climate Impact Partners
9.2.10. ESG Enterprise
9.2.11. Other Prominent Players
Carbon Neutrality Market By Activity-
Carbon Neutrality Market By Component-
Carbon Neutrality Market By Verticals-
Carbon Neutrality Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
