Climate change consulting services help organizations understand the risks, regulatory changes, physical impacts of climate change and develop business strategies around climate change. With increased climatic variations and extreme weather events, demand for climate risk assessment, carbon accounting, strategy and policy development services has increased substantially. The global Climate Change Consulting Market is estimated to be valued at US$ 6.82 Billion in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased demand for climate risk assessment and disclosure from investors and regulators has accelerated growth of the climate change consulting market. Major organizations across sectors are increasingly realizing impact of climate change on their supply chains and operations. They are seeking expertise from consultants to identify exposure to transition and physical risks, comply with emerging disclosure guidelines and integrate climate risks into business strategies. Growing focus on adopting low carbon business models and achieving net zero targets has also created opportunities for consultants to advise on carbon accounting and target setting methodologies. This has significantly contributed to market growth over the recent years.
Segment Analysis
The global climate change consulting market is dominated by the corporate sustainability segment. It accounts for over 40% of the total market share as companies are increasingly focusing on reducing their carbon footprint. They require specialized consulting services to analyze current processes, identify carbon emission hotspots, and provide recommendations to transition to more sustainable operations. This helps companies in developing relevant sustainability frameworks and strategies while meeting regulatory compliance.
Key Takeaways
The global Climate Change Consulting Market Growth is expected to witness high growth over the forecast period of 2023 to 2030. Supported by rising environmental concerns and increasing regulatory push for carbon neutrality, the demand for specialized consulting services is set to rise substantially.
Regional analysis
Europe currently dominates the global climate change consulting market with an estimated share of over 30% in 2024. Stringent EU regulations pertaining to carbon reduction are driving the need for consulting across various industry verticals in the region. Additionally, the presence of major consulting firms has supported market growth. However, the Asia Pacific region is projected to emerge as the fastest growing regional market during the forecast period owing to increasing investments in sustainable development projects across developing economies like India and China.
Key players
Key players operating in the climate change consulting market are Cato Manufacturing Ltd, Culver Props, Inc., Delta Electronics, Inc.
and others. They provide diverse services and integrated solutions to corporate, government agencies and projects related to climate change adaptation and mitigation strategy development. For instance, Cato Manufacturing Ltd specializes in carbon footprinting and value chain analysis, while Delta Electronics, Inc focuses on energy efficiency and renewable integration strategies.
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