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North America Decarbonization Market Size, Share & Trends Analysis Report By Deployment (On-premises, and Cloud), By Technology, By Service, By End-user, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 152 Pages
  • January 2025
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6053168
The North America Decarbonization Market is expected to witness market growth of 10.6 % CAGR during the forecast period (2024-2031).

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

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Decarbonization Market, by Deployment
1.4.2 North America Decarbonization Market, by Technology
1.4.3 North America Decarbonization Market, by Service
1.4.4 North America Decarbonization Market, by End-user
1.4.5 North America Decarbonization Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 The Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jun - 2024, Sep) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Decarbonization Market by Deployment
5.1 North America On-premises Market by Region
5.2 North America Cloud Market by Region
Chapter 6. North America Decarbonization Market by Technology
6.1 North America Renewable Energy Technologies Market by Country
6.2 North America Energy Efficiency Solutions Market by Country
6.3 North America Electric Vehicles (EVs) Market by Country
6.4 North America Carbon Removal Technologies Market by Country
6.5 North America Carbon Capture and Storage (CCS) Market by Country
Chapter 7. North America Decarbonization Market by Service
7.1 North America Sustainable Transportation Services Market by Country
7.2 North America Carbon Accounting and Reporting Services Market by Country
7.3 North America Waste Reduction and Circular Economy Services Market by Country
Chapter 8. North America Decarbonization Market by End-user
8.1 North America Oil & Gas Market by Country
8.2 North America Energy & Utility Market by Country
8.3 North America Automotive & Transportation Market by Country
8.4 North America Agriculture Market by Country
8.5 North America Aerospace & Defense Market by Country
8.6 North America Government Market by Country
8.7 North America Other End-user Market by Country
Chapter 9. North America Decarbonization Market by Country
9.1 US Decarbonization Market
9.1.1 US Decarbonization Market by Deployment
9.1.2 US Decarbonization Market by Technology
9.1.3 US Decarbonization Market by Service
9.1.4 US Decarbonization Market by End-user
9.2 Canada Decarbonization Market
9.2.1 Canada Decarbonization Market by Deployment
9.2.2 Canada Decarbonization Market by Technology
9.2.3 Canada Decarbonization Market by Service
9.2.4 Canada Decarbonization Market by End-user
9.3 Mexico Decarbonization Market
9.3.1 Mexico Decarbonization Market by Deployment
9.3.2 Mexico Decarbonization Market by Technology
9.3.3 Mexico Decarbonization Market by Service
9.3.4 Mexico Decarbonization Market by End-user
9.4 Rest of North America Decarbonization Market
9.4.1 Rest of North America Decarbonization Market by Deployment
9.4.2 Rest of North America Decarbonization Market by Technology
9.4.3 Rest of North America Decarbonization Market by Service
9.4.4 Rest of North America Decarbonization Market by End-user
Chapter 10. Company Profiles
10.1 IBM Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent Strategies and Developments
10.1.5.1 Partnerships, Collaborations, and Agreements
10.1.5.2 Product Launches and Product Expansions
10.1.5.3 Acquisition and Mergers
10.1.6 SWOT Analysis
10.2 Accenture PLC
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent Strategies and Developments
10.2.5.1 Acquisition and Mergers
10.2.6 SWOT Analysis
10.3 Siemens AG
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent Strategies and Developments
10.3.5.1 Product Launches and Product Expansions
10.3.5.2 Acquisition and Mergers
10.3.6 SWOT Analysis
10.4 SAP SE
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent Strategies and Developments
10.4.5.1 Partnerships, Collaborations, and Agreements
10.4.6 SWOT Analysis
10.5 Tesla, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 SWOT Analysis
10.6 Shell plc
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent Strategies and Developments
10.6.5.1 Partnerships, Collaborations, and Agreements
10.6.6 SWOT Analysis
10.7 Schneider Electric SE
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent Strategies and Developments
10.7.5.1 Partnerships, Collaborations, and Agreements
10.7.6 SWOT Analysis
10.8 Google LLC (Alphabet Inc.)
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 SWOT Analysis
10.9 Microsoft Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. BASF SE
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 SWOT Analysis

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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