Geoengineering Market
Geoengineering Market Forecasts to 2030 - Global Analysis By Type (Carbon Dioxide Removal, Solar Radiation Management, Weather Modification and Other Types), Technology, Planetary Ecosystem, Application, End User and By Geography
According to Stratistics MRC, the Global Geoengineering Market is accounted for $28.0 billion in 2024 and is expected to reach $73.9 billion by 2030 growing at a CAGR of 17.5% during the forecast period. Geoengineering is the deliberate and large-scale intervention in Earth's natural systems to counteract climate change or environmental degradation. It involves technologies and methods to manipulate the planet's climate, atmosphere, oceans, or ecosystems to mitigate global warming, reduce carbon emissions, or manage environmental risks. CDR methods involve removing carbon dioxide from the atmosphere through afforestation, ocean fertilization, or direct air capture, while SRM techniques aim to reflect sunlight away from Earth to reduce warming. Geoengineering is controversial due to potential unintended consequences, ethical concerns, and uncertainties regarding its effectiveness.
Market Dynamics:
Driver:
Growing urgency to address climate change and global warming
Governments, businesses, and research organizations are under increasing pressure to discover answers as the repercussions of climate change such as rising global temperatures, harsh weather, and sea level rise become more noticeable. An appealing alternative is geoengineering, which presents a possible way to lessen or even reverse some of the effects of global warming. Thus the development and application of geoengineering technologies are accelerated by this rising need.
Restraint:
Potential environmental, social, and political risks
Ocean fertilization and solar radiation management are examples of geoengineering practices that may have unforeseen environmental effects, such as changing rainfall patterns or upsetting marine ecosystems. These extensive interventions have uncertain long-term ecological ramifications, and failure or adverse effects could make matters worse and cause irreparable harm to human habitats, agriculture, and ecosystems. Therefore, before putting geoengineering treatments into practice, it is imperative to weigh the possible dangers and benefits hampering the market growth.
Opportunity:
Continuous progress in related technologies
Carbon dioxide collection is now more economical and efficient because to developments in carbon capture and storage methods, such as direct air capture. As a result, carbon removal geoengineering technologies are more scalable and more widely used. Cloud brightening, aerosol injection, and space-based reflectors are examples of solar radiation management technologies that are improving in cost, scalability, and efficiency. As part of climate policies, these developments increase their appeal to governments and businesses.
Threat:
Lack of international consensus and regulatory frameworks
Companies and governments find it challenging to invest in long-term initiatives because to the high levels of uncertainty caused by the absence of a widely recognized regulatory framework for geoengineering. Because of this uncertainty, stakeholders may be reluctant to invest in technology that could eventually be outlawed or subject to legal challenges, which can result in confusion and risk aversion. Furthermore, because there is no universal agreement, different nations may have differing regulatory frameworks, which makes international cooperation challenging and impedes global operations and scaling-up initiatives.
Covid-19 Impact
The COVID-19 pandemic temporarily slowed the geoengineering market by diverting resources and attention away from climate-related initiatives to immediate public health concerns. Research, funding, and large-scale projects were delayed or halted due to economic disruptions and shifting priorities. This post-pandemic recovery may lead to renewed investments and faster deployment of geoengineering technologies to tackle climate challenges.
The carbon dioxide removal segment is expected to be the largest during the forecast period
The carbon dioxide removal segment is estimated to be the largest, owing to the increasing demand for carbon neutrality (CDR) technologies is driven by governments and industries setting ambitious goals, which require scalable and effective methods to remove excess CO2 from the atmosphere. This has spurred technological innovation in energy-efficient CO2 capture methods, improved storage techniques, and sustainable bioenergy production, fostering investment in geoengineering solutions and creating new market opportunities.
The climate change mitigation segment is expected to have the highest CAGR during the forecast period
The climate change mitigation segment is anticipated to witness the highest CAGR during the forecast period, due to increasing, geoengineering methods like carbon capture and storage (CCS), solar radiation management, and ocean fertilization emerging as viable solutions. These technologies complement traditional mitigation strategies like renewable energy adoption and energy efficiency improvements, enhancing the effectiveness of efforts to reduce global warming and driving demand for integrated solutions and expanding market scope.
Region with largest share:
Asia Pacific is expected to have the largest market share during the forecast period because Asia Pacific countries, including China, India, and Japan, are incorporating geoengineering technologies into their climate action plans, investing in R&D and incentivizing carbon capture and solar radiation management to achieve net-zero emissions targets and enhance environmental resilience and these investments are driven by a desire to meet corporate sustainability goals and capture opportunities in emerging green technologies.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period, owing to North America to control climate-related disasters such as heat waves, wildfires, and storms. Extreme weather occurrences can have a less negative environmental impact if solar radiation is managed and other geoengineering strategies are used. Complementary geoengineering approaches, such direct air capture and bioenergy with carbon capture and storage (BECCS), are becoming more popular as North America shifts to cleaner energy sources in order to meet long-term sustainability targets.
Key players in the market
Some of the key players profiled in the Geoengineering Market include BioCarbon Engineering, Blue Planet, Carbon Clean, Carbon Engineering, Carbon Removal Network, Carbon180, Clean Air Task Force, Climeworks, Geoengineering Ltd., Global Thermostat, LanzaTech, Ocean Thermal Energy Corporation, Planktos, Reflective Solutions, Saipem and SilverLining.
Key Developments:
In May 2024, Thermal Energy announced $1.9 million turn-key heat recovery project for a global materials company and is expected to save the customer over $980,000 annually on its energy bill, reduce co2 emissions by 977 tonnes per year and improve pollution prevention and control.
In April 2024, Blue Planet unveiled industry’s only multi-cloud native OSS Platform. Blue Planet’s Cloud Native Platform serves as the backbone for this digital transformation journey, simplifying end-to-end automation for critical service lifecycle management processes across any vendor, service, or network type.
Types Covered:
• Carbon Dioxide Removal
• Solar Radiation Management
• Weather Modification
• Other Types
Technologies Covered:
• Mechanical & Physical Technologies
• Chemical & Biological Methods
• Geoengineering Software & Simulation
• Other Technologies
Planetary Ecosystems Covered:
• Land
• Air
• Water
• Other Planetary Ecosystems
Applications Covered:
• Climate Change Mitigation
• Weather Management
• Environmental Remediation
• Other Applications
End Users Covered:
• Government & Regulatory Bodies
• Research & Academic Institutions
• Private Companies & Start-ups
• Environmental Organizations and NGOs
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Geoengineering Market, By Type
5.1 Introduction
5.2 Carbon Dioxide Removal
5.2.1 Direct Air Capture
5.2.2 Bioenergy with Carbon Capture & Storage
5.2.3 Afforestation & Reforestation
5.3.3 Ocean Fertilization
5.3 Solar Radiation Management
5.3.1 Stratospheric Aerosol Injection (SAI)
5.3.2 Marine Cloud Brightening
5.3.3 Surface Albedo Modification
5.4 Weather Modification
5.4.1 Cloud Seeding
5.4.2 Rain Enhancement
5.5 Other Types
6 Global Geoengineering Market, By Technology
6.1 Introduction
6.2 Mechanical & Physical Technologies
6.3 Chemical & Biological Methods
6.4 Geoengineering Software & Simulation
6.5 Other Technologies
7 Global Geoengineering Market, By Planetary Ecosystem
7.1 Introduction
7.2 Land
7.3 Air
7.4 Water
7.5 Other Planetary Ecosystems
8 Global Geoengineering Market, By Application
8.1 Introduction
8.2 Climate Change Mitigation
8.3 Weather Management
8.4 Environmental Remediation
8.5 Other Applications
9 Global Geoengineering Market, By End User
9.1 Introduction
9.2 Government & Regulatory Bodies
9.3 Research & Academic Institutions
9.4 Private Companies & Start-ups
9.5 Environmental Organizations and NGOs
9.6 Other End Users
10 Global Geoengineering Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BioCarbon Engineering
12.2 Blue Planet
12.3 Carbon Clean
12.4 Carbon Engineering
12.5 Carbon Removal Network
12.6 Carbon180
12.7 Clean Air Task Force
12.8 Climeworks
12.9 Geoengineering Ltd.
12.10 Global Thermostat
12.11 LanzaTech
12.12 Ocean Thermal Energy Corporation
12.13 Planktos
12.14 Reflective Solutions
12.15 Saipem
12.16 SilverLining
List of Tables
1 Global Geoengineering Market Outlook, By Region (2022-2030) ($MN)
2 Global Geoengineering Market Outlook, By Type (2022-2030) ($MN)
3 Global Geoengineering Market Outlook, By Carbon Dioxide Removal (2022-2030) ($MN)
4 Global Geoengineering Market Outlook, By Direct Air Capture (2022-2030) ($MN)
5 Global Geoengineering Market Outlook, By Bioenergy with Carbon Capture & Storage (2022-2030) ($MN)
6 Global Geoengineering Market Outlook, By Afforestation & Reforestation (2022-2030) ($MN)
7 Global Geoengineering Market Outlook, By Ocean Fertilization (2022-2030) ($MN)
8 Global Geoengineering Market Outlook, By Solar Radiation Management (2022-2030) ($MN)
9 Global Geoengineering Market Outlook, By Stratospheric Aerosol Injection (SAI) (2022-2030) ($MN)
10 Global Geoengineering Market Outlook, By Marine Cloud Brightening (2022-2030) ($MN)
11 Global Geoengineering Market Outlook, By Surface Albedo Modification (2022-2030) ($MN)
12 Global Geoengineering Market Outlook, By Weather Modification (2022-2030) ($MN)
13 Global Geoengineering Market Outlook, By Cloud Seeding (2022-2030) ($MN)
14 Global Geoengineering Market Outlook, By Rain Enhancement (2022-2030) ($MN)
15 Global Geoengineering Market Outlook, By Other Types (2022-2030) ($MN)
16 Global Geoengineering Market Outlook, By Technology (2022-2030) ($MN)
17 Global Geoengineering Market Outlook, By Mechanical & Physical Technologies (2022-2030) ($MN)
18 Global Geoengineering Market Outlook, By Chemical & Biological Methods (2022-2030) ($MN)
19 Global Geoengineering Market Outlook, By Geoengineering Software & Simulation (2022-2030) ($MN)
20 Global Geoengineering Market Outlook, By Other Technologies (2022-2030) ($MN)
21 Global Geoengineering Market Outlook, By Planetary Ecosystem (2022-2030) ($MN)
22 Global Geoengineering Market Outlook, By Land (2022-2030) ($MN)
23 Global Geoengineering Market Outlook, By Air (2022-2030) ($MN)
24 Global Geoengineering Market Outlook, By Water (2022-2030) ($MN)
25 Global Geoengineering Market Outlook, By Other Planetary Ecosystems (2022-2030) ($MN)
26 Global Geoengineering Market Outlook, By Application (2022-2030) ($MN)
27 Global Geoengineering Market Outlook, By Climate Change Mitigation (2022-2030) ($MN)
28 Global Geoengineering Market Outlook, By Weather Management (2022-2030) ($MN)
29 Global Geoengineering Market Outlook, By Environmental Remediation (2022-2030) ($MN)
30 Global Geoengineering Market Outlook, By Other Applications (2022-2030) ($MN)
31 Global Geoengineering Market Outlook, By End User (2022-2030) ($MN)
32 Global Geoengineering Market Outlook, By Government & Regulatory Bodies (2022-2030) ($MN)
33 Global Geoengineering Market Outlook, By Research & Academic Institutions (2022-2030) ($MN)
34 Global Geoengineering Market Outlook, By Private Companies & Start-ups (2022-2030) ($MN)
35 Global Geoengineering Market Outlook, By Environmental Organizations and NGOs (2022-2030) ($MN)
36 Global Geoengineering Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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