Home > Megatrends > Decarbonization


Decarbonization means the reduction of the carbon or switching to an effective economic system which supports to sustainably reduce the rising global temperatures and reduce the carbon emissions to achieve net zero goals associated with the ESG commitments. It majorly includes renewable and low carbon energy, advanced carbon capture solutions & energy efficient technologies along with inclusion of low carbon materials in the construction industry as well as electric mobility. The energy sector corresponds to most of the emissions, thereby shifting the need to limit the use of conventional fuels and transition to low carbon alternatives comprising hydrogen and wind power, among others. Shifting focus of the utility and energy providers toward renewable energy by advancements in energy efficient technologies will continue to contribute toward sustainability. The COVID- 19 pandemic has invariably accelerated the decarbonization efforts across the globe, impacting the energy demand, industrial production, and short term mobility behavior. Short term emission reduction owing to the prevalent crisis and lockdowns and enhanced investments to achieve the climate goals will continue to drive the transition. 

•    Effective government policies with positive climate potential in the short and medium timeline

•    Large scale investments by both public and private sector to support the regulatory framework.

•    Technological advancements/innovations to support the technology costs and thereby stimulate investments for the zero carbon energy sources.

•    Enhancing the use of renewable energy in the final energy mix along with electrification of the major processes across various end use industries.

•    Recognizing the high emitting sectors including transportation


  •    Boilers
  •     Decarbonization
  •     Energy Storage & Battery
  •     Generator Sets
  •     Heat Pumps
  •     Heating & Cooling
  •     Hydrogen
  •     Lines & Cables
  •     Oil & Gas
  •     Renewable Technologies
  •     Transformers
  •    Water Heaters

Published: June 2024   

Microgrid Market200 Pages

Microgrid Market size was valued at USD 17.8 Billion in 2023 and is anticipated to grow at a CAGR of 20.5% between 2024 and 2032. ...

Published: March 2024   

Hydrogen Storage Market100 Pages

The hydrogen storage market is slated to witness robust growth from 2024 to 2032 as a result of a surge in emerging startups and their active involvement in the sector....

Published: March 2024   

Waste to Hydrogen Market100 Pages

The waste to hydrogen market is expected to witness unprecedented growth between 2024 and 2032 owing to the increasing funding and grants towards innovative initiatives....

Published: February 2024   

Hydrogen Fueling Infrastructure Market100 Pages

The hydrogen fueling infrastructure market is predicted to observe significant gains between 2024 and 2032 on owing to the ongoing shift towards renewable energy sources globally....

Published: February 2024   

Field Electrification Market100 Pages

The field electrification market is anticipated to experience substantial expansion between 2024 and 2032, due to the high awareness about the role of onshore and offshore renewables in accelerating the energy transition....

Published: February 2024   

Decentralized Power Generation Market100 Pages

The decentralized power generation market is anticipated to witness significant gains through 2032, due to increasing investments in smart grids and the growing number of power generation resources....

Published: February 2024   

Refinery Electrification Market100 Pages

The refinery electrification market is expected to witness remarkable revenue between 2024 and 2032 due to the bolstered competitiveness in swiftly expanding decarbonized economies....

Published: January 2024   

Fuel Cell Market200 Pages

Fuel Cell Market size was valued at more than USD 6.75 billion in 2023 and is projected to expand at 10.9% CAGR from 2024 to 2032...

Published: November 2023   

Stationary Fuel Cell Market350 Pages

Stationary Fuel Cell Market was valued at USD 1.48 billion in 2023 and is set to observe more than 12.2% CAGR between 2024 and 2032....

Published: July 2023   

Offshore Platform Electrification Market100 Pages

Offshore Platform Electrification Market size was valued at USD 1.6 billion in 2022 and is anticipated to grow at 19.7% CAGR from 2023 to 2032. ...

Published: May 2023   

Electrolyzer Market350 Pages

Electrolyzer Market size surpassed USD 2.8 billion in 2022 and is anticipated to expand at a staggering CAGR of 24.5% from 2023 to 2032 ...

Published: April 2023   

Offshore Wind Turbine Market700 Pages

Offshore Wind Turbine Market size surpassed USD 15.59 million in 2023 and is anticipated to grow at 17.4% CAGR from 2024 to 2032 driven by the increasing prevalence of large-scale renewable energy programs....

Published: January 2023   

Carbon Capture and Storage Market400 Pages

Carbon Capture and Storage Market size exceeded USD 6.8 billion in 2023 and is projected to expand at more than 19% CAGR from 2024 to 2032....

Published: January 2023   

Offshore Wind Energy Market1000 Pages

Offshore Wind Energy Market size exceeded USD 73.70 billion in 2023 and is projected to expand at more than 17.5% CAGR from 2024 to 2032....

Published: July 2022   

Oil & Gas Electrification Market270 Pages

Oil & Gas Electrification Market size valued at USD 1.4 billion in 2021 and is projected to expand at a CAGR of over 31% from 2022 to 2030. ...

Published: July 2018   

Hybrid Power Solutions Market400 Pages

Hybrid Power Solutions Market size crossed USD 8 billion in 2017 and is expected to exceed cumulative capacity of 9 GW by 2024....

Published: March 2018   

Hybrid Solar Wind Energy Storage Market180 Pages

Hybrid Solar Wind Energy Storage Market size for 2016 was over USD 1 billion and the cumulative capacity is set to exceed 1 GW by 2024....

Published: November 2016   

Hybrid Solar Wind Market108 Pages

Global Hybrid Solar Wind Market size was over USD 700 million in 2015 with forecast of more than 8% from 2016 to 2024....

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