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(Transportation-News.com, April 03, 2025 ) InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Carbon Neutrality Market Size, Share & Trends Analysis Report By Activity (Emissions Reduction and Renewable Energy Use), By Component (Solutions and Services), By Verticals (Manufacturing, Shipping & Logistics and Energy & Utilities)- Market Outlook And Industry Analysis 2034"
The global carbon neutrality market is estimated to reach over 26.0 billion by the year 2034, exhibiting a 9.2% CAGR during the forecast period.
Global Carbon Neutrality Market 2025-2034 full Research Repot latest version is now available.
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The growing energy demand across various sectors, coupled with the implementation of COP27 targets aimed at mitigating global warming, is a key driver of the carbon footprint management market. Additionally, government-led initiatives to reduce carbon emissions are significantly contributing to market expansion.
The rising adoption of green building projects, the implementation of sustainable agricultural practices to lower emissions while enhancing carbon sequestration potential, and the increasing shift toward renewable energy sources and environmental sustainability are major factors propelling market growth.
Furthermore, advancements in transportation infrastructure aimed at reducing emissions from vehicles and other sources are playing a crucial role in driving market revenue. Government policies and regulatory frameworks promoting lower carbon emissions, along with heightened public awareness and engagement in climate action, further support the expansion of the carbon footprint management market.
List of Prominent Players in the Carbon Neutrality Market:
• ClimeCo LLC.
• Carbon Footprint Ltd.
• Green Mountain Energy Company
• Terrapass
• Schneider Electric
• ENGIE
• SAP
• EcoAct
• Climate Impact Partners
• ESG Enterprise
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Market Dynamics
Drivers:
The increasing emphasis on sustainability and environmental responsibility, along with regulatory requirements and consumer demand for eco-friendly products and services, is driving the growing need for carbon neutrality. Heightened environmental awareness is influencing purchasing decisions, leading to a fundamental shift in consumer and corporate procurement behaviors.
Regulatory developments, combined with pressure from consumers and stakeholders, have made it imperative for businesses to actively manage environmental, social, and ethical risks, particularly within their value chains. As the urgency for carbon neutrality intensifies, organizations are investing in renewable energy, implementing carbon offset strategies, and seeking innovative solutions to reduce their overall carbon footprint.
Challenges:
Several factors are hindering market growth, including the limited availability of tailored environmental solutions, the substantial costs associated with transitioning to a carbon-neutral economy, and the lack of stringent government enforcement of carbon neutrality regulations. Additionally, the COVID-19 pandemic contributed to widespread economic disruptions, leading to temporary shutdowns and logistical challenges that further impacted sustainability initiatives.
Regional Trends:
The North American carbon neutrality market is projected to hold a significant revenue share and experience substantial growth in the coming years. This expansion is largely driven by the rapid implementation of carbon pricing mechanisms and the increasing shift toward sustainability and renewable energy solutions.
The Canadian federal government has set a target of achieving net-zero carbon emissions by 2050, focusing on expanding renewable energy sources such as wind and solar while gradually eliminating fossil fuel dependence. In the United States, the Biden administration has committed to reducing emissions by 40–50% below 2005 levels by 2030, with initiatives including investments in renewable energy, the establishment of sustainable electricity standards, and enhanced fuel efficiency regulations.
Similarly, Mexico has pledged to cut carbon emissions by 30% by 2030 through the expansion of renewable energy projects such as geothermal power, improvements in energy efficiency, and the gradual phase-out of fossil fuels.
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Recent Developments:
• In January 2023, Topsoe A/S and Fidelis New Energy, LLC created a global cooperation to develop carbon-neutral hydrogen technologies. Topsoe's hydrogen process portfolio is combined with FidelisH2 technology to reduce lifecycle carbon emissions in hydrogen generation. When integrated, this alliance solution allows for the production of hydrogen from natural gas with a lifecycle carbon intensity of 0 kgCO2e / kgH2. Topsoe and Fidelis will collaborate to produce a carbon-neutral hydrogen product with a life cycle based on renewables and natural gas.
Segmentation of Carbon Neutrality Market-
By Activity-
• Emissions Reduction Management
• Renewable Energy Management
• Waste Management
• Product Life Cycle Management
• Others
By Component-
• Solutions
• Services
By Verticals-
• Manufacturing
• Shipping & Logistics
• Energy & Utilities
• Construction
• Automotive
• Food & Beverages
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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info@insightaceanalytic.com
Insight Ace Analytics
Diana D’souza
+1 551 226 6109
diana.dsouza@insightaceanalytics.com
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