The Germany market dominated the Europe Decarbonization Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $255.18 billion by 2031. The UK market is exhibiting a CAGR of 9.9% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 11.7% during 2024-2031.
As the adverse consequences of greenhouse gas emissions become increasingly evident, governments, corporations, and communities are mobilizing to adopt strategies aimed at mitigating carbon footprints across various industries and regions.
Moreover, decarbonization is not merely an environmental necessity but also a strategic economic opportunity, reshaping industries and fostering innovation. With commitments to net-zero emissions becoming a central goal for nations and corporations alike, the decarbonization technologies, solutions, and services demand is witnessing unprecedented growth and transformation.
Europe has established itself as a frontrunner in decarbonization, propelled by rigorous governmental policies, aspirational climate objectives, and substantial investments in sustainable technologies. The European Union (EU) has positioned itself as a frontrunner in climate action through the implementation of the European Climate Law, which establishes a legally binding objective to attain climate neutrality by the year 2050 and to diminish net greenhouse gas (GHG) emissions by a minimum of 55% by 2030, relative to 1990 levels.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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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