The US market dominated the North America Decarbonization Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $949.45 billion by 2031. The Canada market is experiencing a CAGR of 12.8% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 12% during 2024-2031.
Financial markets are also playing a critical role in accelerating decarbonization. The rise of green finance, including green bonds and sustainability-linked loans, is channeling significant capital into low-carbon projects. Investors increasingly prioritize Environmental, Social, and Governance (ESG) criteria, recognizing that sustainability is a moral imperative and a driver of long-term value creation.
Moreover, financial institutions are divesting from fossil fuel-intensive industries and redirecting resources toward renewable energy, energy storage, and other sustainable technologies. These shifts in capital allocation are creating a favorable environment for the growth of the decarbonization market.
The decarbonization market in North America is experiencing significant growth due to a strong regional focus on achieving ambitious climate goals. The oil & gas sector is central to decarbonization efforts in the United States. Recognizing the sector’s significant contribution to greenhouse gas emissions, the government has implemented stringent methane regulations and promoted carbon capture technologies. Programs like the Department of Energy’s Carbon Capture, Utilization, and Storage (CCUS) Initiative drive investments in capturing emissions from oil refineries and natural gas facilities.
List of Key Companies Profiled
- IBM Corporation
- Accenture PLC
- Siemens AG
- SAP SE
- Tesla, Inc.
- Shell plc
- Schneider Electric SE
- Google LLC (Alphabet Inc.)
- Microsoft Corporation
- BASF SE
Market Report Segmentation
By Deployment
- On-premises
- Cloud
By Technology
- Renewable Energy Technologies
- Energy Efficiency Solutions
- Electric Vehicles (EVs)
- Carbon Removal Technologies
- Carbon Capture and Storage (CCS)
By Service
- Sustainable Transportation Services
- Carbon Accounting and Reporting Services
- Waste Reduction and Circular Economy Services
By End-user
- Oil & Gas
- Energy & Utility
- Automotive & Transportation
- Agriculture
- Aerospace & Defense
- Government
- Other End-user
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Companies Mentioned
- IBM Corporation
- Accenture PLC
- Siemens AG
- SAP SE
- Tesla, Inc.
- Shell plc
- Schneider Electric SE
- Google LLC (Alphabet Inc.)
- Microsoft Corporation
- BASF SE
Methodology
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