Product Code: PM5077
The global climate adaption market size is expected to reach USD 49.24 billion by 2032, according to a new study by Polaris Market Research. The report "Climate Adaption Market Size, Share, Trends, Industry Analysis Report, By Type (Nature-Based, Technology-based, Enhanced Natural Process, Early Climate Warning & Environment Monitoring); End User; Region; Market Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Climate adaption refers to the process of adjusting systems, practices, and policies to minimize the negative impacts of climate change and to take advantage of potential opportunities. It involves proactive measures to enhance resilience against the effects of climate change, such as extreme weather events, rising sea levels, and shifting climate patterns.
The growing frequency and severity of climate-related disasters, such as hurricanes, floods, and wildfires, are driving demand for adaption solutions to protect lives, property, and economies. Also, governments and regulatory bodies are implementing policies and regulations that mandate climate adaption measures, creating a need for compliance and adaption solutions.
Various companies are launching carbon capture campaigns and investing in direct air capture technologies to reduce atmospheric CO2 levels. These initiatives help mitigate climate change impacts, which in turn drives demand for climate adaption solutions.
For instance, in November 2023, Climeworks launched its "Remove to Zero" campaign to highlight the importance of carbon removal technologies in combating climate change on a global scale.
In March 2019, Carbon Engineering Ltd. completed a significant equity financing round, securing USD 68 million. This investment represents the largest private funding in Direct Air Capture technology, which focuses on capturing carbon dioxide directly from the atmosphere to mitigate climate change.
Key players are signing memorandums of understanding (MOUs) to collaborate on minimizing the impacts of climate change and pooling resources and expertise to enhance adaption and mitigation efforts.
For instance, in July 2023, Fluor Corporation announced an MOU with Carbfix to advance integrated carbon capture and storage (CCS) solutions. This collaboration aims to reduce the impacts of climate change, and such initiatives by key players are driving increased demand in the climate adaption market.
Climate Adaption Market Report Highlights
The early climate warning & environment monitoring segment is projected to witness the highest CAGR growth in the climate adaption market during the forecast period due to the growing need for advanced early warning systems to provide timely alerts and reduce potential damage.
The Government agencies are expected to witness the fastest-growing CAGR during the forecast period due to substantial budgets for climate adaption projects, including infrastructure upgrades and resilience planning, leading to rapid growth in this segment.
In 2023, North America accounted for the largest market share due to well-developed infrastructure and advanced technology sector, which supports significant investments in climate adaption solutions, including early warning systems and resilient infrastructure.
The Asia Pacific climate adaption market is expected to grow at the highest CAGR from 2024 to 2032 due to highly vulnerable to climate change impacts, including frequent natural disasters such as typhoons, floods, and droughts. This vulnerability drives a strong demand for climate adaption solutions.
The global key market players include AccuWeather, Inc.; AEM; Babcock & Wilcox Enterprises, Inc.; Baker Hughes Company; and BARANI DESIGN Technologies. r. o.; Carbon Clean; Carbon Engineering ULC; Climate Adaption; Climeworks; Drax Group plc.; Earth Networks; Equinor ASA; Esri; Exxon Mobil Corporation; Fluor Corporation; Global Thermostat; Heirloom Carbon Technologies; IBM; Metasensing; OnSolve; Previsico Limited; SLB; Soletair Power; The Nielsen Company; Vaisala; etc.
Polaris Market Research has segmented the climate adaption market report based on type, end user, and region:
By Type Outlook (Revenue - USD billion, 2019 - 2032)
- Nature-Based
- Technology-based
- Enhanced Natural Process
- Early Climate Warning & Environment Monitoring
By End User Outlook (Revenue - USD billion, 2019 - 2032)
- Power Generation
- Oil & Gas
- Chemical & Petrochemical
- Government Agencies
- Academia and Research institutions
- Others
By Regional Outlook (Revenue - USD billion, 2019 - 2032)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Climate Adaption Market Insights
- 4.1. Climate Adaption Market - Market Snapshot
- 4.2. Climate Adaption Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Impact of Climate Change is Driving the Market Growth
- 4.2.1.2. Innovation of Technological Advancements in Climate Adaption
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Lack of Awareness and Understanding
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Climate Adaption Market Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Climate Adaption Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Climate Adaption Market, by Type, 2019-2032 (USD Billion)
- 5.3. Nature-Based
- 5.3.1. Global Climate Adaption Market, by Nature-Based, by Region, 2019-2032 (USD billion)
- 5.4. Technology-based
- 5.4.1. Global Climate Adaption Market, by Technology-based, by Region, 2019-2032 (USD billion)
- 5.5. Enhanced Natural Process
- 5.5.1. Global Climate Adaption Market, by Enhanced Natural Process, by Region, 2019-2032 (USD billion)
- 5.6. Early Climate Warning & Environment Monitoring
- 5.6.1. Global Climate Adaption Market, by Early Climate Warning & Environment Monitoring, by Region, 2019-2032 (USD billion)
6. Global Climate Adaption Market, by End User
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 6.3. Power Generation
- 6.3.1. Global Climate Adaption Market, by Power Generation, by Region, 2019-2032 (USD billion)
- 6.4. Oil & Gas
- 6.4.1. Global Climate Adaption Market, by Oil & Gas, by Region, 2019-2032 (USD billion)
- 6.5. Chemical & Petrochemical
- 6.5.1. Global Climate Adaption Market, by Chemical & Petrochemical, by Region, 2019-2032 (USD billion)
- 6.6. Government Agencies
- 6.6.1. Global Climate Adaption Market, by Government Agencies, by Region, 2019-2032 (USD billion)
- 6.7. Academia and Research institutions
- 6.7.1. Global Climate Adaption Market, by Academia and Research institutions, by Region, 2019-2032 (USD billion)
- 6.8. Others
- 6.8.1. Global Climate Adaption Market, by Others, by Region, 2019-2032 (USD billion)
7. Global Climate Adaption Market, by Geography
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Climate Adaption Market Assessment, By Geography, 2019-2032 (USD billion)
- 7.3. Climate Adaption Market - North America
- 7.3.1. North America: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.3.2. North America: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.3.3. Climate Adaption Market - U.S.
- 7.3.3.1. U.S.: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.3.3.2. U.S.: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.3.4. Climate Adaption Market - Canada
- 7.3.4.1. Canada: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.3.4.2. Canada: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.4. Climate Adaption Market - Europe
- 7.4.1. Europe: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.4.2. Europe: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.4.3. Climate Adaption Market - UK
- 7.4.3.1. UK: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.4.3.2. UK: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.4.4. Climate Adaption Market - France
- 7.4.4.1. France: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.4.4.2. France: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.4.5. Climate Adaption Market - Germany
- 7.4.5.1. Germany: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.4.5.2. Germany: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.4.6. Climate Adaption Market - Italy
- 7.4.6.1. Italy: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.4.6.2. Italy: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.4.7. Climate Adaption Market - Spain
- 7.4.7.1. Spain: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.4.7.2. Spain: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.4.8. Climate Adaption Market - Netherlands
- 7.4.8.1. Netherlands: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.4.8.2. Netherlands: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.4.9. Climate Adaption Market - Russia
- 7.4.9.1. Russia: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.4.9.2. Russia: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.4.10. Climate Adaption Market - Rest of Europe
- 7.4.10.1. Rest of Europe: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.4.10.2. Rest of Europe: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.5. Climate Adaption Market - Asia Pacific
- 7.5.1. Asia Pacific: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.5.2. Asia Pacific: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.5.3. Climate Adaption Market - China
- 7.5.3.1. China: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.5.3.2. China: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.5.4. Climate Adaption Market - India
- 7.5.4.1. India: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.5.4.2. India: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.5.5. Climate Adaption Market - Malaysia
- 7.5.5.1. Malaysia: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.5.5.2. Malaysia: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.5.6. Climate Adaption Market - Japan
- 7.5.6.1. Japan: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.5.6.2. Japan: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.5.7. Climate Adaption Market - Indonesia
- 7.5.7.1. Indonesia: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.5.7.2. Indonesia: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.5.8. Climate Adaption Market - South Korea
- 7.5.8.1. South Korea: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.5.8.2. South Korea: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.5.9. Climate Adaption Market - Australia
- 7.5.9.1. Australia: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.5.9.2. Australia: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.5.10. Climate Adaption Market - Rest of Asia Pacific
- 7.5.10.1. Rest of Asia Pacific: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.5.10.2. Rest of Asia Pacific: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.6. Climate Adaption Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.6.2. Middle East & Africa: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.6.3. Climate Adaption Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.6.3.2. Saudi Arabia: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.6.4. Climate Adaption Market - UAE
- 7.6.4.1. UAE: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.6.4.2. UAE: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.6.5. Climate Adaption Market - Israel
- 7.6.5.1. Israel: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.6.5.2. Israel: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.6.6. Climate Adaption Market - South Africa
- 7.6.6.1. South Africa: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.6.6.2. South Africa: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.6.7. Climate Adaption Market - Rest of Middle East & Africa
- 7.6.7.1. Rest of Middle East & Africa: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.6.7.2. Rest of Middle East & Africa: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.7. Climate Adaption Market - Latin America
- 7.7.1. Latin America: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.7.2. Latin America: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.7.3. Climate Adaption Market - Mexico
- 7.7.3.1. Mexico: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.7.3.2. Mexico: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.7.4. Climate Adaption Market - Brazil
- 7.7.4.1. Brazil: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.7.4.2. Brazil: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.7.5. Climate Adaption Market - Argentina
- 7.7.5.1. Argentina: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.7.5.2. Argentina: Climate Adaption Market, by End User, 2019-2032 (USD billion)
- 7.7.6. Climate Adaption Market - Rest of Latin America
- 7.7.6.1. Rest of Latin America: Climate Adaption Market, by Type, 2019-2032 (USD billion)
- 7.7.6.2. Rest of Latin America: Climate Adaption Market, by End User, 2019-2032 (USD billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. AccuWeather, Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. AEM
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Babcock & Wilcox Enterprises, Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Baker Hughes Company
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. BARANI DESIGN Technologies. r. o.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Carbon Clean
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Carbon Engineering ULC
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Climate Adaption
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Climeworks
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Drax Group plc
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Earth Networks
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Equinor ASA
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Esri
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Exxon Mobil Corporation
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Fluor Corporation
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Global Thermostat
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
- 9.17. Heirloom Carbon Technologies
- 9.17.1. Company Overview
- 9.17.2. Financial Performance
- 9.17.3. Product Benchmarking
- 9.17.4. Recent Development
- 9.18. IBM
- 9.18.1. Company Overview
- 9.18.2. Financial Performance
- 9.18.3. Product Benchmarking
- 9.18.4. Recent Development
- 9.19. Metasensing
- 9.19.1. Company Overview
- 9.19.2. Financial Performance
- 9.19.3. Product Benchmarking
- 9.19.4. Recent Development
- 9.20. OnSolve
- 9.20.1. Company Overview
- 9.20.2. Financial Performance
- 9.20.3. Product Benchmarking
- 9.20.4. Recent Development
- 9.21. Previsico Limited
- 9.21.1. Company Overview
- 9.21.2. Financial Performance
- 9.21.3. Product Benchmarking
- 9.21.4. Recent Development
- 9.22. SLB
- 9.22.1. Company Overview
- 9.22.2. Financial Performance
- 9.22.3. Product Benchmarking
- 9.22.4. Recent Development
- 9.23. Soletair Power
- 9.23.1. Company Overview
- 9.23.2. Financial Performance
- 9.23.3. Product Benchmarking
- 9.23.4. Recent Development
- 9.24. The Nielsen Company
- 9.24.1. Company Overview
- 9.24.2. Financial Performance
- 9.24.3. Product Benchmarking
- 9.24.4. Recent Development
- 9.25. Vaisala
- 9.25.1. Company Overview
- 9.25.2. Financial Performance
- 9.25.3. Product Benchmarking
- 9.25.4. Recent Development