Italy Carbon Neutral Market: Industry Analysis and Forecast (2021-2027)
Italy Carbon Neutral Market size was valued at US$ 1.2 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 5.2% through 2021 to 2027, reaching nearly US$ 1.71 Bn.
Format : PDF | Report ID : SMR_250
Italy Carbon Neutral Market Overview:
Carbon neutral indicates that your energy retailer or supplier has 'neutralised' the carbon emissions that result from the generation of your electricity and gas, reducing carbon emissions to net zero. Installing solar panels on your home or moving to an electric vehicle are two examples of ways to reduce carbon dioxide emissions. Achieving carbon neutrality means that your carbon dioxide emissions have no net environmental impact and can help mitigate the effects of climate change. Eating a plant-based diet, avoiding air travel, living car-free, and having fewer children are the four activities that would have the largest influence on an individual's greenhouse gas emissions.
Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.
Italy Carbon Neutral Market Dynamics:
To achieve climate neutrality by 2050, the Italian energy system will need to rely on the following interconnected elements: a significant shift in the energy mix in favour of carbon-free sources; energy efficiency accompanied by behavioural changes in the passenger, mobility, and energy consumption sectors in the buildings sector; and significant electrification of end-uses.
The possibilities are based on the first principle of energy efficiency, which states that energy savings are critical to Italian decarbonization. In comparison to the current scenario, energy consumption is expected to be reduced by 30% and 40% for primary and final energy consumption, respectively. However, the development of the transportation sector, as well as the energy need for the creation of new carbon-free fuels (hydrogen, e-fuels), reduces primary energy consumption energy savings potentials.
A major electrification of end-use sectors is another critical component of achieving carbon neutrality. In all industries, electricity is becoming the primary energy carrier, particularly in transportation, where electric vehicles account for the majority of cars and buses. Alternative fuels are required not only in transportation but also in some industrial sectors where electrification faces technical and economic hurdles. Renewables are critical to the energy sector's decarbonization. Renewable energies are expected to account for 80–90 percent of primary energy demand by 2050, displacing fossil fuels entirely. These are the key drivers that are expected to drives the growth of the Italy Carbon Neutral Market during the forecast period 2021-2027.
The European Union (EU) raised around 7.5 billion euros in the Just Transition Fund (JTF) proposed in 2020 to facilitate the transition to carbon neutrality throughout its member states. This included money for projects that aided the transition's most vulnerable sectors. Italy was given a 364 million euro stake of the JTF. Italy is expecting to get 1.3 billion euros in assistance to help it transition to a carbon-neutral economy by 2050.
Milan is constructing the first zero-carbon social housing complex in Italy:
By 2050, a new social housing project in Milan intends to be carbon-neutral. The buildings will employ renewable energy, heating, and cooling, as well as 100 percent reused water and green roofs. The surrounding neighborhood aspires to have 60% green space, as well as a green mobility policy that includes only one parking spot for every seven households and air quality goals. Milan is demonstrating what a sustainable housing district should look like.
Milan's aims and goals for a resilient city have risen dramatically in recent years. L'INNESTO, the first zero-carbon social housing project in Italy, is one of its projects. The project serves as a showcase for the city of Milan's new sustainability initiatives. One of these solutions is the building of a cutting-edge, fourth-generation district heating system that includes a heat-recovery system for urban wastewater. In 30 years, the district heating system will allow the social housing project to be carbon neutral.
Italy Carbon Neutral Market Segment Analysis:
Based on the Carbon Neutral Fuel, the market is segmented into Biodiesel, Bio-ethanol, Bio-butanol, and others. Biodiesel segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. This is due to the growing demand for biodiesel in Italy as biodiesel is a carbon neutral fuel. Biodiesel is a more environmentally friendly, cleaner-burning alternative to diesel that may be used in diesel engines without modification. In addition, biodiesel is non-toxic and biodegradable. Biodiesel reduces particulate matter by 47%, hydrocarbon emissions by up to 67%, and smog by up to 67%.
Eni (Oil Industry Company in Italy) is transforming its Italian refineries to produce biodiesel as part of its goal to become carbon-neutral by 2050. It uses its own in-house technology to generate Hydrotreated Vegetable Oil biofuel in its Venice and Gela bio-refineries, and it can also produce sustainable aviation fuel from waste and plant-based raw materials using the same technique. These factors are expected to drive this segment of the Italy Carbon Neutral market during the forecast period 2021-2027.
Based on the Vertical, the market is segmented into Manufacturing, Energy and Utilities, Residential and Commercial Buildings, Transportation and Logistics, IT and Telecom, and others. Energy and Utilities segment is expected to hold the largest market shares of xx% by 2027. Because Italy has pledged to generate 90% of its electricity from zero-emission sources by 2030, the amount of electricity generated from these sources is expected to increase during the forecast period. To achieve carbon neutrality, the Italian government, businesses, and utilities are utilising cutting-edge technologies. Individuals and businesses can now go "off the grid" by using renewable energy. Cities and businesses can also benefit from this technology. There are four long-term energy generation alternatives in Italy. Because they are related to energy efficiency, generation, and grids, these technologies have an impact on both customers and future business models for utility firms. These are the major factors that are expected to drives the growth of the energy and utilities vertical segment in the Italy Carbon Neutral market during the forecast period 2021-2027.
The objective of the report is to present a comprehensive analysis of the Italy Carbon Neutral Market to the stakeholders in the industry. The report provides trends that are most dominant in the Italy Carbon Neutral Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Italy Carbon Neutral Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Italy Carbon Neutral Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Italy Carbon Neutral Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Italy Carbon Neutral Market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Italy Carbon Neutral Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Italy Carbon Neutral Market is aided by legal factors.
Italy Carbon Neutral Market Scope:
Italy Carbon Neutral Market
by Carbon Neutral Fuel
Market Size in 2020:
US $ 1.2 Bn.
Market size in 2027:
US $ 1.71 Bn.
Italy Carbon Neutral Market Key Players
- TotalEnergies (France)
- Eni (Italy)
- Skretting (Norway)
- GUTcert (Germany)
- SSE plc (UK)
- Enablon (France)
- SAP (Germany)
- Schneider Electric (France)
- ENGIE (France)
- Puragen Activated Carbon (France)
Frequently Asked Questions
The segments covered in Italy Carbon Neutral Market report are based on Carbon Neutral Fuel, Vertical, and Component.
Energy and Utilities vertical segment hold the largest market share in the Italy Carbon Neutral market by 2027.
The market size of the Italy Carbon Neutral market is expected to reach US $1.71 Bn. by 2027.
The market size of the Italy Carbon Neutral market was worth US $1.2 Bn. in 2020.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.2.Italy Carbon Neutral Market: Target Audience
2.3.Italy Carbon Neutral Market: Primary Research (As per Client Requirement)
2.4.Italy Carbon Neutral Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1.Market Share Analysis, By Italy, 2021-2027(In %)
4.2.6.PORTERS Five Force Analysis
4.2.7.Value Chain Analysis
4.3.Italy Carbon Neutral Market Segmentation Analysis, 2021-2027 (Value US$ MN)
4.3.1.Italy Market Share Analysis, By Carbon Neutral Fuel, 2021-2027 (Value US$ MN)
4.3.2.Italy Market Share Analysis, By Vertical, 2021-2027 (Value US$ MN)
22.214.171.124.Energy and Utilities
126.96.36.199.Residential and Commercial Buildings
188.8.131.52.Transportation and Logistics
184.108.40.206.IT and Telecom
4.3.3.Italy Market Share Analysis, By Component, 2021-2027 (Value US$ MN)
Chapter 5 Stellar Competition Matrix
5.1. Italy Stellar Competition Matrix
5.2. Key Players Benchmarking
5.2.1. Key Players Benchmarking By Product, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
5.3. Mergers and Acquisitions in Industry
5.3.1. M&A by Region, Value and Strategic Intent
Chapter 6 Company Profiles
6.1.5.SSE plc (UK)
6.1.8.Schneider Electric (France)
6.1.10.Puragen Activated Carbon (France)
6.2. Key Findings