The North America Decarbonization Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $949,459.8 million by 2031. The Canada market is experiencing a CAGR of 12.8% during (2024 - 2031). Additionally, The Mexico market would 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.
Free Valuable Insights: The Decarbonization Market is Predict to reach USD 3.91 Trillion by 2031, at a CAGR of 11.2%
Based on Deployment, the market is segmented into On-premises, and Cloud. Based on Technology, the market is segmented into Renewable Energy Technologies, Energy Efficiency Solutions, Electric Vehicles (EVs), Carbon Removal Technologies, and Carbon Capture and Storage (CCS). Based on Service, the market is segmented into Sustainable Transportation Services, Carbon Accounting and Reporting Services, and Waste Reduction and Circular Economy Services. Based on End-user, the market is segmented into Oil & Gas, Energy & Utility, Automotive & Transportation, Agriculture, Aerospace & Defense, Government, and Other End-user. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Deployment
By Technology
By Service
By End-user
By Country
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