Greenhouse Gas Emissions Market Size, Share, Analysis, Trends, Growth, 2032

Greenhouse Gas Emissions Industry Prospective:

The global greenhouse gas emissions market size was evaluated at $482 million in 2023 and is slated to hit $754 million by the end of 2032 with a CAGR of nearly 5.2% between 2024 and 2032.

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Greenhouse Gas Emissions Market: Overview

Greenhouse gases are gases present in the atmosphere of the Earth and it traps heat from the sun. Moreover, this process causes an increment in the temperature of Earth and is referred to as greenhouse effect.

Apart from this, it is a natural phenomenon that assists the Earth in regulating temperature. However, human activities such as deforestation and fossil fuel consumption have notably increased the proportion of greenhouse gases on Earth and this has resulted in climatic change and seasonal fluctuations.

Key Insights

• As per the analysis shared by our research analyst, the global greenhouse gas emissions market is projected to expand annually at the annual growth rate of around 5.2% over the forecast timespan (2024-2032)
• In terms of revenue, the global greenhouse gas emissions market size was evaluated at nearly $482 million in 2023 and is expected to reach $754 million by 2032.
• The global greenhouse gas emissions market is anticipated to grow rapidly over the forecast timeline owing to swift urbanization and industrialization in emerging economies of Asia and Africa.
• In terms of greenhouse gas type, the carbon dioxide segment is slated to register the highest CAGR over the forecast period.
• Based on application, the energy & power segment is predicted to contribute majorly towards segmental space in the upcoming years.
• Region-wise, the North American greenhouse gas emissions industry is projected to register the fastest CAGR during the assessment timespan.

Greenhouse Gas Emissions Market: Growth Factors

A surge in the population across the globe is likely to scoop up the global market surge over 2024-2032

An increase in the global population and economic expansion is expected to expedite the expansion of the global greenhouse gas emissions market.

Furthermore, swift urbanization and industrialization in emerging economies of Asia and Africa will steer the global market trends.

In addition to this, deforestation and inefficient use of energy can shape the expansion of the global market. Furthermore, favorable farming practices and land-use changes can proliferate the global market size.  

Apparently, technological innovations and rising awareness among people about green environment will drive the market growth.  

Livestock farming activities and rice harvest emits huge amounts of green gases such as nitrous oxide and methane and this will contribute majorly towards the market surge in the coming years.                                                       

Greenhouse Gas Emissions Market: Restraints

Humungous prices of executing GHG reducing systems can inhibit the global industry surge by 2032

Massive cost of implementing greenhouse reduction tools along with rise in the prices of investing in green energy is likely to obstruct the expansion of the global greenhouse gas emissions industry.

Surging acceptance of renewable energy sources such as hydro power, solar, and wind projects has restricted the use of fossil fuels, thereby hindering the industry growth.

Greenhouse Gas Emissions Market: Opportunities

A surge in the use of CCUS tools is likely to open new growth opportunities for the global market

An increase in the purchase of electric vehicles and rapid expansion in technologies are expected to create new avenues of growth for the global greenhouse gas emissions market.

Moreover, supportive government laws for curbing GHG emissions and use of CCUS systems for capturing carbon emissions from manufacturing units can impel the global market expansion.

Growing focus of firms on acquiring net zero carbon emissions as a part of corporate social responsibility intuitive will foster the market elevation globally in the forthcoming years.

Greenhouse Gas Emissions Market: Challenges

Changing costs and non-uniformity in the tools used in determining the level of GHG emissions can obstruct the global industry surge

Price volatility and lack of uniformity in standards & systems used in measuring GHG emissions can challenge the expansion of the global greenhouse gas emissions industry. Moreover, frequently changing laws related to GHG emissions can put brakes on the global industry expansion.

Greenhouse Gas Emissions Market: Segmentation

The global greenhouse gas emissions market is divided into greenhouse gas type, end-user, and region.                                            

In terms of greenhouse gas type, the greenhouse gas emissions market across the globe is segmented into carbon dioxide, fluorinated gases, nitrous oxide, and methane segments.

Apparently, the carbon dioxide segment, which gathered nearly two-fifths of the global market revenue in 2023, is expected to record highest CAGR in the forecasting years due to rise in the emission of large proportion of carbon gases in GHG emissions which absorbs maximum heat.

Based on the end-user, the global greenhouse gas emissions industry is divided into energy & power, farming, transport, and waste management segments.

Apparently, the energy & power segment, which led the global industry growth in 2023, is projected to accentuate the segmental expansion in the analysis timeframe and this can be as a result of burning of fossil fuels such as coal can account majorly towards the GHG emissions in atmosphere. Apart from this, trucks and cars make use of petroleum and this can impel the segmental growth.   

Greenhouse Gas Emissions Market: Report Scope

Greenhouse Gas Emissions Market: Regional Insights

Asia-Pacific is likely to maintain leading status in the global market over the analysis timeframe

Asia-Pacific, which contributed for about 49% of the global greenhouse gas emissions market size in 2023, is slated to establish a leading position in the global market in the projected timespan.

Apparently, the regional market expansion in the coming eight years can be due to swift industrialization and rising population in Asian countries.

For the record, China is likely to emit highest greenhouse gases including large proportion of carbon dioxide. Swift industrialization in developing countries of Asia will spur the regional market trends.

North American greenhouse gas emissions industry is expected to register the highest CAGR in the prognosis timeframe. The elevation of the industry in the region can be subject to launching of various carbon tax schemes by the U.S. government that promotes carbon emission management practices for reducing carbon footprints.

Additionally, rise in the investment in research activities focusing on proficient solutions for reducing carbon emission can impel the expansion of the industry in the North American sub-continent.

Greenhouse Gas Emissions Market: Competitive Space

The global greenhouse gas emissions market profiles key players such as:

• Coal India
• Saudi Arabian Oil Company
• National Iranian Oil Company
• Gazprom OAO
• ExxonMobil Corporation
• Shell plc
• BP PLC
• Chevron Corporation.  

The global greenhouse gas emissions market is segmented as follows:

By Greenhouse Gas Type

• Carbon Dioxide
• Fluorinated Gases
• Nitrous Oxide
• Methane

By End-User

• Energy & Power
• Farming
• Transport
• Waste Management

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa