According to Future Market Insights, the global climate credit analytics market size has reached US$ 0.12 Bn in 2018. Demand for climate credit analytics recorded Y-o-Y growth of 12.7% in 2022, and thus, the global market is expected to reach US$ 0.26 Bn in 2023. Over the projection period 2023-2033, climate credit analytics solutions sales in the region are projected to exhibit 18.4% CAGR and total a market size of US$ 1.4 Bn by 2033-end.
The climate credit analytics market refers to the industry involved in analyzing and assessing the climate-related risks and opportunities associated with financial investments.
The market growth is being driven by the application of climate credit analytics to evaluate the climate risk sectors with granular and reliable data for organizations. Rising carbon emittance factors and associated environmental changes have propelled the exploration of new innovative solutions, including climate credit analytics, to mitigate the climate risk exposure for industries to better their strategic planning.
As climate credit analytics solutions continue to advance and demonstrate their scope of evaluating the analytical data across industries, the market is expected to grow further, with new trends and use cases emerging in the future.
Other Drivers Propelling the Demand for Climate Credit Analytics include:
Challenges for Companies /Manufacturers in the Climate Credit Analytics Market:
Opportunities in the Climate Credit Analytics Industry:
Latest Trends in the Climate Credit Analytics Market:
| Attributes | Details |
|---|---|
| Climate Credit Analytics Market Size (2023) | US$ 0.26 Bn |
| Climate Credit Analytics Market Projected Size (2033) | US$ 1.4 Bn |
| Value CAGR (2023 to 2033) | 18.4% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
From 2018 to 2022, the global climate credit analytics market experienced a CAGR of 18.4%, reaching a market size of US$ 0.26 Bn in 2023.
From 2018 to 2022, the global climate credit analytics industry witnessed a notable growth due to the rising awareness of mitigating the impact of climate change. The need to consider environmental factors to mitigate the physical risks to the organizational property and other aspects related to climate risks, led to the rise of climate credit analytics.
These analytical data provide organization the insights, by which the major decisions are to be taken, related to their environmental and sustainability strategies, financial investments, and risk management.
Looking ahead, the global climate credit analytics industry is expected to rise at a CAGR of 18.4% from 2023 to 2033. During the forecast period, the market size is expected to reach US$ 1.4 Bn.
The climate credit analytics industry is expected to continue its growth course from 2023 to 2033, driven by increasing demand for climate risk analysis and technologies that will help industries such as manufacturing, energy and utility and transportation. The growth of the climate tech market and continuous research and development in the advancement of technology to help industries to make decisions that are more informed is expected to drive the demand for climate credit analytics during the forecast period.
The market has potential for a significant growth in the East Asia region due to the massive adoption of climate credit analytics in countries such as China and Japan. However, the uncertainty of the climate change and uninformed circumstances may hinder the growth associated with climate credit analytics.
Principal Consultant
| Country | The United States |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.17 Bn |
| CAGR % 2023 to End of Forecast (2033) | 17.9% |
The climate credit analytics in the United States is expected to reach a market share of US$ 0.17 Bn by 2033, expanding at a CAGR of 17.9%. The climate credit analytics in the United States is likely to witness notable growth due to the latest government’s proposal for climate risk management to assist investors to make better investments to improve their portfolio. Moreover, there are detailed factors expected to drive the growth for climate credit analytics in the country are:
| Country | The United Kingdom |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.16 Bn |
| CAGR % 2023 to End of Forecast (2033) | 17.7% |
The climate credit analytics industry in the United Kingdom is expected to reach a market share of US$ 0.16 Bn, expanding at a CAGR of 17.7% during the forecast period. The United Kingdom market is projected to experience growth due to United Kingdom government has been conducting climate risk stress test on various financial institutions.
The objectives of the climate risk stress test is to gain understanding and build a level of preparedness. The European Central Bank (ECB) is working on identifying the possible climate change impact on the banking sector. Resulting, these assessments and stress test are backed by climate credit analytics tools and, is likely to grow in United Kingdom and the rest of the Europe.
| Country | China |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.15 Bn |
| CAGR % 2023 to End of Forecast (2033) | 20.3% |
The climate credit analytics industry in China is anticipated to reach a market share of US$ 0.15 Bn, moving at a CAGR of 20.3% during the forecast period. The climate credit analytics industry in China is expected to grow remarkably due to its adaptions plans to reduce the factors which are adding up to the excessive carbon emissions, rising sea levels. As the country has suffered from consequences of peaking carbon dioxide emission,
China has made a successive growth in bringing down the carbon emission. China presents a significant opportunity for the exploration, development, and establishment of a comprehensive system centered on the concept of Climate Credit Analytics, catering to the specific needs of industries.
| Country | Germany |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.13 Bn |
| CAGR % 2023 to End of Forecast (2033) | 12.2% |
The climate credit analytics market in Germany is estimated to reach a market share of US$ 0.13 Bn by 2033, thriving at a CAGR of 12.2%. Germany has set ambitious climate change mitigation goals, including the target of becoming carbon-neutral in the following decade. To achieve these goals, there is a growing recognition of the need to integrate climate risk analysis and sustainability considerations into financial decision-making. Therefore, there in an expected growth of climate credit analytics market in Germany.
| Country | India |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.10 Bn |
| CAGR % 2023 to End of Forecast (2033) | 13.1% |
The climate credit analytics industry in India is expected to reach a market share of US$ 0.10 Bn, expanding at a CAGR of 13.1% during the forecast period. The market in India is likely to witness growth due to its pioneering targets for renewable energy adoption, aiming to increase the share of renewable energy in its overall energy mix. Climate credit analytics can help assess the financial viability and risk profile of renewable energy projects, enabling informed investment decisions.
The carbon footprint management segment is expected to dominate the climate credit analytics market with a CAGR of 18.6% from 2023 to 2033. This segment captures a significant market share in 2023 due to its prominent measuring and tracking emissions.
The driving factor for carbon footprint management is it focuses on quantifying and managing the greenhouse gas emissions associated with an organization's activities or products. It involves measuring emissions, identifying reduction opportunities, and implementing strategies to minimize environmental impact.
The emission tracking and reporting segment is expected to dominate the Climate credit analytics market with a CAGR of 20.5% from 2023 to 2033. This segment captures a significant market share in 2023 due to its significance in monitoring the harmful emissions.
Emission tracking and reporting involve monitoring and reporting greenhouse gas emissions to comply with regulatory requirements or voluntary initiatives. Climate credit analytics can play a vital role in accurately measuring and reporting emissions, ensuring transparency, and providing data-driven insights for emissions reduction strategies.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The Climate Credit Analytics industry is highly competitive, with numerous players vying for market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
Companies focus on continuous product innovation to enhance their climate credit analytics offerings. Organizations invest in research and development to develop advanced analytical tools, models, and software solutions that can provide more accurate and comprehensive assessments of climate-related risks. Innovation also involves incorporating emerging technologies such as big data analytics to improve data processing, visualization.
Collaborations and partnerships with other companies, research institutions, and industry experts are crucial for expanding the reach and capabilities of climate credit analytics. Companies form strategic alliances to access complementary expertise, data sources, or technology platforms.
Companies in the climate credit analytics sector seek opportunities in emerging markets where the demand for sustainable finance and climate risk analysis is growing. Companies establish a presence in these markets by expanding their operations, establishing local partnerships, or acquiring regional companies. This strategy allows companies to cater to the unique needs of emerging markets and capture new business opportunities.
Mergers and acquisitions (M&A) are common strategies employed by companies to strengthen their position in the climate credit analytics market. Companies may acquire or merge with other firms to gain access to new technologies, intellectual property, client bases, or market expertise.
Key Players in the Climate Credit Analytics Industry
Key Developments in the Climate Credit Analytics Market:
China, India, and Japan are the three major Asian nations in the market for climate credit analytics.
The financial sector is the main industry consuming climate credit analytics.
From 2023 to 2033, the climate credit analytics market is anticipated to expand at a CAGR of 15%, 12%, and 10% in the United States, the United Kingdom, and Germany, respectively.
The market for climate credit analytics is currently valued at US$ 0.26 billion.
The climate credit analytics industry is anticipated to reach US$ 1.4 billion by 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Pricing Analysis
4.1. Pricing Analysis, By Solution Type
4.1.1. Subscription Pricing Model
4.1.2. Perpetual Licensing
4.2. Average Pricing Analysis Benchmark
5. Global Market Demand (Value in US$ Million) Analysis 2018 to 2022 and forecast, 2023 to 2033
5.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
5.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
6. Market Background
6.1. Macro-Economic Factors
6.2. Forecast Factors - Relevance & Impact
6.3. Value Chain
6.4. COVID-19 Crisis – Impact Assessment
6.4.1. Current Statistics
6.4.2. Short-Mid-Long Term Outlook
6.4.3. Likely Rebound
6.5. Market Dynamics
6.5.1. Drivers
6.5.2. Restraints
6.5.3. Opportunities
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Solution Type
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Million) Analysis By Solution Type, 2018 to 2022
7.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Solution Type, 2023 to 2033
7.3.1. Carbon Footprint Management
7.3.2. Emission Tracking and Reporting
7.3.3. Renewable Energy Certificates (RECs) Analytics
7.3.4. Carbon Offsetting Analytics
7.4. Market Attractiveness Analysis By Solution Type
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Industry, 2018 to 2022
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Industry, 2023 – 2033
8.3.1. IT& Telecommunications
8.3.2. BFSI
8.3.3. Energy and Utilities
8.3.4. Manufacturing
8.3.5. Transportation
8.3.6. Others
8.4. Market Attractiveness Analysis By Industry
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. East Asia
9.3.5. South Asia Pacific
9.3.6. Middle East and Africa
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
10.1. Introduction
10.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.3.1. By Solution Type
10.3.2. By Industry
10.3.3. By Country
10.3.3.1. U.S.
10.3.3.2. Canada
10.4. Market Attractiveness Analysis
10.4.1. By Solution Type
10.4.2. By Industry
10.4.3. By Country
10.5. Market Trends
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
11.1. Introduction
11.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.3.1. By Solution Type
11.3.2. By Industry
11.3.3. By Country
11.3.3.1. Brazil
11.3.3.2. Mexico
11.3.3.3. Rest of Latin America
11.4. Market Attractiveness Analysis
11.4.1. By Solution Type
11.4.2. By Industry
11.4.3. By Country
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.3.1. By Solution Type
12.3.2. By Industry
12.3.3. By Country
12.3.3.1. Germany
12.3.3.2. Italy
12.3.3.3. France
12.3.3.4. U.K.
12.3.3.5. Spain
12.3.3.6. BENELUX
12.3.3.7. Russia
12.3.3.8. Rest of Europe
12.4. Market Attractiveness Analysis
12.4.1. By Solution Type
12.4.2. By Industry
12.4.3. By Country
13. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.3.1. By Solution Type
13.3.2. By Industry
13.3.3. By Country
13.3.3.1. India
13.3.3.2. Indonesia
13.3.3.3. Malaysia
13.3.3.4. Singapore
13.3.3.5. Australia & New Zealand
13.3.3.6. Rest of South Asia and Pacific
13.4. Market Attractiveness Analysis
13.4.1. By Solution Type
13.4.2. By Industry
13.4.3. By Country
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.3.1. By Solution Type
14.3.2. By Industry
14.3.3. By Country
14.3.3.1. China
14.3.3.2. Japan
14.3.3.3. South Korea
14.4. Market Attractiveness Analysis
14.4.1. By Solution Type
14.4.2. By Ecosystem
14.4.3. By Industry
14.4.4. By Country
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.3.1. By Solution Type
15.3.2. By Industry
15.3.3. By Country
15.3.3.1. GCC Countries
15.3.3.2. Turkey
15.3.3.3. South Africa
15.3.3.4. Rest of Middle East and Africa
15.4. Market Attractiveness Analysis
15.4.1. By Solution Type
15.4.2. By Industry
15.4.3. By Country
16. Key Countries Analysis- Market
16.1. U.S. Market Analysis
16.1.1. By Solution Type
16.1.2. By Industry
16.2. Canada Market Analysis
16.2.1. By Solution Type
16.2.2. By Industry
16.3. Mexico Market Analysis
16.3.1. By Solution Type
16.3.2. By Industry
16.4. Brazil Market Analysis
16.4.1. By Solution Type
16.4.2. By Industry
16.5. Germany Market Analysis
16.5.1. By Solution Type
16.5.2. By Industry
16.6. Italy Market Analysis
16.6.1. By Solution Type
16.6.2. By Industry
16.7. France Market Analysis
16.7.1. By Solution Type
16.7.2. By Industry
16.8. U.K. Market Analysis
16.8.1. By Solution Type
16.8.2. By Industry
16.9. Spain Market Analysis
16.9.1. By Solution Type
16.9.2. By Industry
16.10. BENELUX Market Analysis
16.10.1. By Solution Type
16.10.2. By Industry
16.11. Russia Market Analysis
16.11.1. By Solution Type
16.11.2. By Industry
16.12. Rest of Europe Market Analysis
16.12.1. By Solution Type
16.12.2. By Industry
16.13. China Market Analysis
16.13.1. By Solution Type
16.13.2. By Industry
16.14. Japan Market Analysis
16.14.1. By Solution Type
16.14.2. By Industry
16.15. South Korea Market Analysis
16.15.1. By Solution Type
16.15.2. By Industry
16.16. India Market Analysis
16.16.1. By Solution Type
16.16.2. By Industry
16.17. Malaysia Market Analysis
16.17.1. By Solution Type
16.17.2. By Industry
16.18. Indonesia Market Analysis
16.18.1. By Solution Type
16.18.2. By Industry
16.19. Singapore Market Analysis
16.19.1. By Solution Type
16.19.2. By Industry
16.20. Australia and New Zealand Market Analysis
16.20.1. By Solution Type
16.20.2. By Industry
16.21. GCC Countries Market Analysis
16.21.1. By Solution Type
16.21.2. By Industry
16.22. Turkey Market Analysis
16.22.1. By Solution Type
16.22.2. By Industry
16.23. South Africa Market Analysis
16.23.1. By Solution Type
16.23.2. By Industry
16.24. Rest of Middle East and Africa Market Analysis
16.24.1. By Solution Type
16.24.2. By Industry
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies
17.2. Market Share Analysis of Top Players
17.3. Market Presence Analysis
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
18.3.1. S&P Global
18.3.1.1. Business Overview
18.3.1.2. Solution Type Portfolio
18.3.1.3. Profitability by Market Segments (Business Segments/Region)
18.3.1.4. Key Strategy & Developments
18.3.2. Oliver Wyman
18.3.2.1. Business Overview
18.3.2.2. Solution Type Portfolio
18.3.2.3. Profitability by Market Segments (Business Segments/Region)
18.3.2.4. Key Strategy & Developments
18.3.3. Moody's Analytics
18.3.3.1. Business Overview
18.3.3.2. Solution Type Portfolio
18.3.3.3. Profitability by Market Segments (Business Segments/Region)
18.3.3.4. Key Strategy & Developments
18.3.4. MSCI Inc.
18.3.4.1. Business Overview
18.3.4.2. Solution Type Portfolio
18.3.4.3. Profitability by Market Segments (Business Segments/Region)
18.3.4.4. Key Strategy & Developments
18.3.5. Dynamhex
18.3.5.1. Business Overview
18.3.5.2. Solution Type Portfolio
18.3.5.3. Profitability by Market Segments (Business Segments/Region)
18.3.5.4. Key Strategy & Developments
18.3.6. risQ
18.3.6.1. Business Overview
18.3.6.2. Solution Type Portfolio
18.3.6.3. Profitability by Market Segments (Business Segments/Region)
18.3.6.4. Key Strategy & Developments
18.3.7. Sylvera
18.3.7.1. Business Overview
18.3.7.2. Solution Type Portfolio
18.3.7.3. Profitability by Market Segments (Business Segments/Region)
18.3.7.4. Key Strategy & Developments
18.3.8. Ecolytiq
18.3.8.1. Business Overview
18.3.8.2. Solution Type Portfolio
18.3.8.3. Profitability by Market Segments (Business Segments/Region)
18.3.8.4. Key Strategy & Developments
18.3.9. Persefoni
18.3.9.1. Business Overview
18.3.9.2. Solution Type Portfolio
18.3.9.3. Profitability by Market Segments (Business Segments/Region)
18.3.9.4. Key Strategy & Developments
18.3.10. Project Canary
18.3.10.1. Business Overview
18.3.10.2. Solution Type Portfolio
18.3.10.3. Profitability by Market Segments (Business Segments/Region)
18.3.10.4. Key Strategy & Developments
19. Assumptions and Acronyms Used
20. Research Methodology
Explore Technology Insights
View Reports
Climate Credit Analytics Market
