Adoption of electric vehicles has Propelled the Growth of the Climate Resilient Technologies Market in the APAC Region!
- Himanshu Patni
- November 24, 2023
- ENERGY & POWER, NEWS
- Climate Resilient Technologies Market, Climate Resilient Technologies Market Share, Climate Resilient Technologies Market Size, Climate Resilient Technologies Market Trends
- 0 Comments
The continuous growth of consumer demand for sustainable products and services in the APAC region, particularly among young consumers who are increasingly concerned about the impact of their consumption on the environment. This has led to a growing demand for climate resilient technologies in sectors such as renewable energy, transportation, and building materials in the region.
In addition, there are several government initiatives and policies in the APAC region that are supporting the adoption of climate resilient technologies. For example, many governments are offering incentives for businesses that invest in renewable energy and energy efficiency measures, while others are implementing regulations and standards to encourage the adoption of sustainable technologies.
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Further, the APAC Climate Resilient Technologies Market is expected to grow at a strong CAGR of 26.0% during the forecast period (2023-2030). APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the impacts of climate change, with rising sea levels, more frequent extreme weather events, and changing precipitation patterns. This has led to an increased focus on climate adaptation and mitigation measures in the region. Additionally, there is a growing awareness among governments and companies in the APAC region of the economic benefits adopting of climate resilient technologies. These technologies help in reducing greenhouse gas emissions, increase energy efficiency, and improve the resilience of infrastructure and supply chains. Thus, there is a growing demand for innovative solutions that help businesses reduce their carbon footprint and become more sustainable.
FIG. 1 APAC Climate Resilient Technologies Market Revenue (2020-2030)- USD Mn
On the basis of enterprises size, the market is bifurcated into SMEs and Large Enterprises. Among these, Large Enterprises are expected to grow with a significant CAGR during the forecast period. This is mainly due to the growing concern to reduce their carbon footprint, save costs, and improve their resilience in the face of extreme weather events and other climate-related risks. In addition, the growing regulatory environment, with governments around the world implementing policies and regulations to encourage the adoption of sustainable technologies. Thus, increasing the demand for the Large Enterprises size category which in turn grows the market of climate resilient technologies.
Based on end-user, the climate resilient technologies market has been classified into energy & utilities, agriculture, and others. The energy & utilities category is expected to grow with a significant CAGR during the forecast period. This is mainly due to the rising investments in climate resilient technology such as smart grids, renewable energy sources, and energy storage systems. This technology can help improve the efficiency and reliability of energy supply and services, reducing greenhouse gas emissions while improving resilience for vital infrastructure. Seeking innovative and sustainable solutions to meet the needs of customers and stakeholders, while at the same time reducing their environmental impact. Thus, increasing the demand for energy & utilities is further expected to increase the demand for climate resilient technologies in the market during the forecasted period.
For a detailed analysis of the Global Climate Resilient Technologies Market browse through – https://univdatos.com/report/climate-resilient-technologies-market/
Global Climate Resilient Technologies Market Segmentation
Market Insight, by Product
· Climate Resilience Solutions
· Services
o Integration & Implementation
o Consulting Services
o Support & Maintenance
Market Insights, by Technology
· SMEs
· Large Enterprises
Market Insights, by End-User
· Energy & Utilities
· Agriculture
· Others
Market Insight, by Region
· North America
o U.S.
o Canada
o Rest of North America
· Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe
· APAC
o China
o India
o Japan
o Australia
o Rest of APAC
· Rest of the World
Top Company Profiles
· 3M
· Terrafuse
· ClimateAi
· Climavision
· Challenergy Inc.
· Arup
· Saint-Gobain
· Kingspan Group
· Gro Intelligence
· Nephila Capital Ltd.
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