March 1, 2024
Climate Change Consulting Market Revenues to Reach USD 8.20 Billion by 2028 – Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence 2
Climate Change Consulting Market Revenues to Reach USD 8.20 Billion by 2028 - Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

According to the latest research report titled, “Climate Change Consulting Market Report (2023 – 2028)” by Mordor Intelligence, the market is estimated at USD 4.04 billion in 2023, and growing at a CAGR of 12.76% during the forecast period. 

The climate change consultancy market is projected to expand as organizations strive to reduce their carbon footprint, adjust to the ever-evolving climate, and adhere to international sustainability regulations. Furthermore, the growth of green buildings is hastening the development of the energy efficiency component of the climate mitigation consulting industry. In February 2023, ERM announced the acquisition of Coho, a global advisory firm with expertise in helping organizations reach their climate change, renewable energy, and water resilience goals.  

Report Summary 

  • Market Size (2023): USD 4.04 Billion 
  • Market Size (2028): USD 8.20 Billion 
  • CAGR (2023 – 2028): 12.76% 
  • Study Period: (2023-2028) 
  • Fastest Growing Market: Asia Pacific 
  • Fastest Growing Market: North America 
  • Forecast Units: Value (USD Billion)   
  • Report Scope: Market Dynamics, Revenue Forecast & Segmentation, Competitive Landscape & Recent Developments, Market Growth, Future Opportunities, and Trends    
  • Key Market Drivers: Energy and Power Industry to be the Largest End-user 

Which are the Top Companies in the Climate Change Consulting Market?    

The climate change consulting industry is characterized by several players, both local and multinational, with a range of decades of combined experience in the field, and several businesses vying for market share. The Climate Change Consulting Market is expected to grow rapidly in the United States due to the growing number of businesses and organizations looking for solutions to the challenges and opportunities posed by changing climate conditions. 

Prominent players in the climate change consulting market are: 

  • Jacobs Solutions Inc. 
  • AECOM 
  • WSP Global Inc. 
  • Stantec Inc. 
  • Ramboll Group A/S 
  • Tetra Tech Inc. 
  • ERM International Group Limited 
  • Ove Arup & Partners International Ltd 
  • GHD Group Limited 
  • Sweco AB 

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Key Highlights from the Climate Change Consulting Market Report 

1. The Energy and Power Industry is Set to Become the Largest End-user 

  • The energy and power sectors are undergoing a significant shift towards cleaner and more sustainable sources of energy. Pay-for-performance initiatives are being implemented across the United States to enhance energy efficiency in businesses. Furthermore, the North American market is expected to benefit from an increase in renewable energy production and energy efficiency measures. 
  • The Global Climate Change Programme (GCP) has estimated that, as of 2021, carbon dioxide (CO2) emissions from industrial and fossil fuels worldwide reached 37.12 trillion CO2 (T CO2). This represents a significant increase in global CO2 emissions compared to 1990 levels, with an increase of more than 60%. 
  • The World of Energy (WEO) is experiencing a period of rapid growth, driven by the energy revolution and the need for companies to re-engineer their sustainability strategies. In July 2022, the company announced the sale of its wholly owned subsidiary, Clean Energy Associates LLC (CEA), a provider of Quality Assurance (QA), Supply Chain Accountability (SCA), and Technical Services (TSA) to the rapidly expanding solar and storage industries. 

2. North America Holds a Significant Market Share 

In the US, companies are rapidly committing to sustainability to significantly reduce their carbon emissions. For instance, Danone declared its strategic partnership with the Environmental Defence Fund in January of 2023 to advance its methane reduction objectives. The two organizations will collaborate on areas such as enhanced scientific knowledge, data and reporting standards, and novel financing models to assist farmer suppliers in reducing their methane emissions from fresh milk supply chains by 30% by 2030. 

In July 2022 the United States government announced at the Sydney Energy forum that it would join forces with Australia – United States to form the Australia-US Net-Zero Energy Acceleration Partnership.   

The Canadian government has reported that, due to its northern location, the country is experiencing climate change at a rate twice as rapid as the global average. This rapid warming is expected to result in a decrease in the area’s permafrost cover and in the amount of sea-ice, both of which could have a detrimental effect on the lives and infrastructure of the inhabitants of the North. 

What are the Latest Developments in the Climate Change Consulting Market?    

  • March 2023 – Boston Consulting Group (BCG), one of the world’s significant providers of management consulting firms, announced the formation of its Global Center for Climate & Sustainability Policy & Regulation to support clients as they shape and navigate the global transition to a net-zero, nature-positive world.  
  • February 2023 – Kinetic Consulting, one of the leading boutique consulting companies providing business growth consultancy, partnered with the highly recognized ESG consultancy in Australia, The Growth Activists, to bring the best environmental, social, and governance practices to the Gulf region. 

Mordor Intelligence Report on the Climate Change Consulting Market segments the market based on product type, application, and geography:    

  • By End-user Industry (Market Size & Forecast based on Value (USD billion), 2023-2028)   
  • Energy and Power 
  • Mining 
  • Public Sector 
  • Manufacturing 
  • Other End-user Industries 
  • By Geography (Market Size & Forecast based on Value (USD billion), 2023-2028) 
  • North America  
  • United States  
  • Canada  
  • Europe  
  • Germany  
  • United Kingdom  
  • France  
  • Italy  
  • Spain  
  • Benelux 
  • Poland 
  • Rest of Europe 
  • Asia Pacific  
  • China  
  • Australia  
  • Rest of Asia-Pacific 
  • Latin America 
  • Brazil 
  • Rest of Latin America    
  • Middle East and Africa 

In a nutshell, the Mordor Intelligence Market Research Report provides in-depth market insight to industry players, investors, researchers, consultants, and business strategists, looking for comprehensive details on the Climate Change Consulting industry. Get a glance at the Climate Change Consulting Market Report (2023 – 2028) 

About Mordor Intelligence 

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.  

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.   

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