Climate Tech Market: Current Analysis and Forecast (2022-2028)


Emphasis on Components (Climate Tech Solutions and Services); Technology (IoT, Analytics, Cloud Computing, Blockchain, and Others); Application (Carbon Footprint Management, Green Building, Water Purification, and Others,); and Region/Country







Report ID:



  Get a Sample
Report Description
Table of content
Research Methodology
Reviews (0)

Report Description

Climate Tech Market
Climate Tech Market

Global Climate Tech Market was valued at more than USD 12.5 billion in 2021 and is expected to grow at a CAGR of around 24% from 2022-2028. Climate technologies are those that are deployed to combat climate change. It involves creating and implementing solutions that can help individuals, organizations, and governments transition to more sustainable and environmentally friendly practices.

The climate tech market is a rapidly growing sector that is focused on developing and implementing technologies and solutions that can help to mitigate the effects of climate change. The market includes a broad range of companies and technologies, including renewable energy, energy efficiency, carbon capture and storage, sustainable transportation, and agriculture and food systems. The market growth is being driven by a combination of factors, including increasing public awareness of the need to address climate change, government policies and regulations aimed at reducing greenhouse gas emissions, and advances in technology that have made renewable energy and other climate-friendly technologies more affordable and accessible.

General Electric; IBM; Wolters Kluwer N.V.; Salesforce, Inc; Microsoft; Schneider Electric; ENGIE Impact; Intelex Technologies; Sensus; and ISOMETRIX. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies

Insights Presented in the Report

“Amongst components, climate tech solutions category held the largest market share”

On the basis of components, the market is segmented into climate tech solutions and services. Climate tech solutions are expected to have the largest market share in 2021 and are expected to maintain similar growth during the forecast period. Factors such as growing environmental concerns are expected to influence market growth. Furthermore, climate tech solutions are also seen as a significant economic opportunity, as the global market for low-carbon technologies is expected to grow significantly in the coming years. Investors are increasingly recognizing the potential for profitable investments in clean energy and other climate tech solutions.

Climate Tech Market Report Coverage

Climate Tech Market
Climate Tech Market

“Amongst application, the green building segment is expected to grow with a significant CAGR.”

Based on application, the market is segmented into carbon footprint management, green building, water purification, and others. The green building segment is expected to grow with the highest CAGR during the forecast period. The growth of the segment is attributed to the increasing environmental regulations and policies. Governments around the world are increasingly implementing environmental regulations and policies to reduce carbon emissions and combat climate change. These policies often require buildings to be more energy-efficient, which has led to the adoption of green building technologies.

“North America is anticipated to grow at a substantial CAGR during the forecast period.”

For a better understanding of the market adoption of the climate tech industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. Government policies and initiatives have played a key role in driving the growth of the climate tech market. For instance, according to CNBC, the U.S government is aiming to reduce about 40% of carbon emissions by 2050. Furthermore, the presence of developed economies in the region such as the USA and Canada which invests heavily in climate protection is expected to drive the market during the forecast period.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

Customization Options:

The global climate tech market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

1.1.       Market Definitions
1.2.       Main Objective
1.3.       Stakeholders
1.4.       Limitation
2.1.Research Process of the Climate Tech Market
2.2.Research Methodology of the Climate Tech Market
2.3.Respondent Profile










7.1.Climate Tech Solutions


8.3.Cloud Computing


9.1.Carbon footprint management
9.2.Green building
9.3.Water purification


10.1.North America  
10.4.Rest of World 


11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis






14.1.Demand Side Analysis
14.2.Supply Side Analysis








18.1.Competitive Landscape
 18.1.1.Porters Fiver Forces Analysis
19.1.General Electric
19.3.Wolters Kluwer N.V.
19.4.Salesforce, Inc
19.6.Schneider Electric
19.7.ENGIE Impact
19.8.Intelex Technologies



Research Methodology

Research Methodology for the Climate Tech Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global climate tech market were the three major steps undertaken to create and analyze the adoption of climate techs in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global climate tech market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Climate Tech market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the climate tech market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, technology, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Climate Tech market. Further, we conducted factor analysis using dependent and independent variables such as various components, technology, and application of climate techs. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the climate tech market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global climate tech market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the climate tech market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global climate tech market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Climate Tech Market
Climate Tech Market

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global climate tech market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of component, technology and application in the global climate tech market.

The main objective of the Global Climate Tech Market Study

The current & future market trends of the global climate tech market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the climate tech market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
  • Segments in the study include areas of components, technology, and application.
  • Define and analysis of the regulatory framework for the climate tech
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the climate tech market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the Climate Tech market and the growth strategies adopted by the market players to sustain in the fast-growing market.
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?


There are no reviews yet.

Be the first to review “Climate Tech Market: Current Analysis and Forecast (2022-2028)”

Your email address will not be published. Required fields are marked *