United States Carbon Neutral Market: Industry Analysis and Forecast (2021-2027)
United States Carbon Neutral Market size was valued at US$ 11.5 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 2.2% through 2021 to 2027, reaching nearly US$ 13.39 Bn.
Format : PDF | Report ID : SMR_211
United States Carbon Neutral Market Overview:
A state of carbon neutrality is one in which no carbon dioxide is emitted. It will be able to achieve this by reducing or eliminating society's carbon dioxide emissions, or by balancing emissions with removals. Carbon neutrality is determined by a number of things. Pollution is minimised, and people's health is enhanced. Long-term economic growth and green job creation are boosted. Reducing climate change's impact on food security Along with avoidance and reduction, carbon offsets are an important part of a complete climate plan.
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.
United States Carbon Neutral Market Dynamics:
The global climate change issue is increasing in importance, and more and more organizations and governments around the world are vowing to reach zero carbon emissions by 2050. US's technical, financial, and natural resource advantages position the country well to lead by example. Using the Net-Zero America transition scenarios, the United States can make strategic investments and policy decisions that will lead to net-zero emissions by 2050. By using comprehensive national-level modeling, a variety of technical approaches to net-zero emissions can be defined. In all sectors, the scale, cost, and impact of physical assets, institutional transformations, and human resource initiatives are quantified over time. By using a high level of spatial clarity, one can see the enormous scale, geographic impact, and speed of change required to achieve net-zero emissions by 2050.
People in the United States prefer to conduct business with socially and ecologically responsible companies. Employees who are allowed to work toward carbon-neutral solutions are more likely to innovate when developing new products and services, increasing their income. Utilizing renewable energy solutions as a power source is one of the most important parts of becoming carbon neutral. Electricity costs are significant for all businesses, especially large-scale commercial and industrial operations like manufacturing, office buildings, hospitality operations like restaurants and hotels, and retail. These are the key drivers that are expected to drives the growth of the United States Carbon Neutral Market during the forecast period 2021-2027.
United States Carbon Neutral Market Segment Analysis:
The United States Carbon Neutral Market is segmented by Carbon Neutral Fuel, Vertical, and Component.
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. Using soy beans and palm oil trees as their feedstocks, biodiesel absorbs carbon dioxide (CO2) as it develops, which is why the US government considers it to be carbon-neutral. These plants absorb CO2 in order to offset the emissions made during biodiesel synthesis and burning. American biodiesel is mostly made with soybean oil. Similarly, used vegetable oils or animal fats, like grease and oil from restaurants, can be used in the production of biodiesel.
In numerous parts of the world, large sections of natural vegetation and forests have been burned in order to plant soybeans and palm oil trees for biodiesel production. The negative environmental impacts of clearing and burning are greater than those associated with using biodiesel derived from soybeans and palm oil trees. This segment is expected to be driven by these factors between 2021 and 2027 in the United States Carbon Neutral Market.
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. The United States government, businesses, and utilities are utilizing innovative technology to assist them in achieving carbon neutrality. Renewable energy sources now allow individuals and enterprises to go "off the grid." Towns and enterprises can also benefit from these technologies. Four long-term options are available for generating energy in the United States. These technologies are also impacting both customers and future business models for utility firms since they are related to energy efficiency, generation, and grids. These are the key drivers that are expected to drives the growth of the energy and utilities vertical segment in the United States Carbon Neutral market during the forecast period.
The objective of the report is to present a comprehensive analysis of the United States Carbon Neutral Market to the stakeholders in the industry. The report provides trends that are most dominant in the United States 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 United States 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 United States 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 United States 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 United States 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 United States 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 United States Carbon Neutral Market is aided by legal factors.
United States Carbon Neutral Market Scope:
United States Carbon Neutral Market
By Carbon Neutral Fuel
• Energy and Utilities
• Residential and Commercial Buildings
• Transportation and Logistics
• IT and Telecom
Market Size in 2020:
US $ 11.5 Bn.
Market size in 2027:
US $ 13.39 Bn.
United States Carbon Neutral Market Key Players
- The Carbonneutral Company (US)
- Green Mountain Energy (US)
- Dakota Software (US)
- ProcessMAP (US)
- IBM (US)
- Salesforce (US)
- Native Energy (US)
- WGL Energy(US)
- 3 Degrees(US)
- Sustainable Travel International(US)
- ClearSky Climate Solutions (US)
- Sterling Planet (US)
- Cenovus Energy (Canada)
- GreenPrint (US)
- Carbon Solutions Group (US)
Frequently Asked Questions
The segments covered in United States 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 United States Carbon Neutral Market by 2027.
Native Energy (US), WGL Energy (US), 3 Degrees (US), Sustainable Travel International (US), ClearSky Climate Solutions (US), and Sterling Planet (US) are the top key players in the United States Carbon Neutral Market.
The market size of the United States Carbon Neutral market is expected to reach US $13.39 Bn. by 2027.
The market size of the United States Carbon Neutral Market was worth US $11.5 Bn. in 2020.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. United States Carbon Neutral Market: Target Audience
2.3. United States Carbon Neutral Market: Primary Research (As per Client Requirement)
2.4. United States Carbon Neutral Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By United States, 2021-2027(In %)
4.2. Market Dynamics
4.2.6.PORTERS Five Force Analysis
4.2.7.Value Chain Analysis
4.3. United States Carbon Neutral Market Segmentation Analysis, 2021-2027 (Value US$ MN)
4.3.1. United States Market Share Analysis, By Carbon Neutral Fuel, 2021-2027 (Value US$ MN)
4.3.2. United States Market Share Analysis, By Vertical, 2021-2027 (Value US$ MN)
18.104.22.168. Energy and Utilities
22.214.171.124. Residential and Commercial Buildings
126.96.36.199. Transportation and Logistics
188.8.131.52. IT and Telecom
4.3.3. United States Market Share Analysis, By Component, 2021-2027 (Value US$ MN)
Chapter 5 Stellar Competition Matrix
5.1. United States 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. Key Players
6.1.1. The Carbonneutral Company (US)
184.108.40.206. Company Overview
220.127.116.11. Source Portfolio
18.104.22.168. Financial Overview
22.214.171.124. Business Strategy
126.96.36.199. Key Developments
6.1.2.Green Mountain Energy (US)
6.1.3.Dakota Software (US)
6.1.7.Native Energy (US)
6.1.8.WGL Energy (US)
188.8.131.52 Degrees (US)
6.1.10.Sustainable Travel International (US)
6.1.11.ClearSky Climate Solutions (US)
6.1.12.Sterling Planet (US)
6.1.13.Cenovus Energy (Canada)
6.1.15.Carbon Solutions Group (US)
6.2. Key Findings