Top 25 Companies in Climate Tech Market: Market Research Report (2024–2035)
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Climate tech Market Size is projected To Grow from USD 23.96 Billion in 2024 to USD 256.05 Billion by 2035, at a CAGR of 24.03% during the forecast period 2025–2035. One of the main factors propelling the climate tech market is the rising incidence of genetic illnesses. Global health is significantly impacted by genetic diseases, including cancer, heart disease, rare genetic abnormalities, and hereditary diseases.
Introduction
Precision medicine, focused therapy development, and an understanding of the genetic basis of diseases are all made possible by climate tech, the study of an individual's genetic makeup. Technology breakthroughs, falling sequencing costs, and the growing need for tailored therapy are all driving the climate tech market's explosive development and change. Microarray analysis, polymerase chain reaction (PCR), next-generation sequencing (NGS), and gene editing tools like CRISPR-Cas9 are among the technologies that are included in the market. By analyzing and interpreting genetic data, these technologies give researchers and medical professionals important new information about how diseases are caused, how to find new drugs, and how to treat patients. The growing incidence of genetic illnesses, the growing use of genomic medicine in clinical settings, and other factors are driving the climate tech market's notable expansion.
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Climate Tech Market Size & Statistics
- The market for climate tech was estimated to be worth USD 23.96 billion in 2024.
- The market is going to expand at a CAGR of 24.03% between 2025 and 2035.
- The Global Climate Tech Market Size is anticipated to reach USD 256.05 billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the climate tech market
- Asia Pacific is expected to grow the fastest during the forecast period in the climate tech market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the climate tech market. The region's emerging economies have serious environmental problems like flooding, water scarcity, and air pollution, which pose serious obstacles to economic development, regional stability, and food security. These dangers are pushing industries and governments to embrace climate-tech solutions, which is propelling market expansion. Climate-tech solutions are becoming more and more in demand as Asia Pacific nations construct sustainable expansions to hasten their transition to carbon neutrality and strengthen their economies.
North America is expected to generate the highest demand during the forecast period in the climate tech market. The region was propelled by heightened public consciousness regarding environmental issues and climate change. Demand for sustainable energy solutions is fueled by this. Another important factor is the increased emphasis on energy storage research for a variety of applications. Strong venture capital investment in North America, along with a well-established startup ecosystem, substantial institutional investor engagement, and strong regulatory frameworks, all contribute to the market's expansion. One significant player in the market is the United States. Angel investors, venture capital firms, and a thriving capital industry are all part of the robust financial infrastructure in the United States.
Top 10 trends in Climate Tech Market
- AI-powered climate modeling
- Carbon capture, utilization, and storage (CCUS)
- Green hydrogen production and infrastructure
- Smart grid and energy management systems
- Climate risk assessment and insurance tech
- Sustainable agriculture and precision irrigation
- Low-carbon manufacturing and construction
- Circular economy and waste-to-energy solutions
- Climate data analytics and emissions tracking
- Decentralized renewable energy systems and microgrids
1. AI-Powered Climate Modeling
Artificial intelligence is revolutionizing how we predict and respond to climate change. Advanced models simulate weather patterns, sea-level rise, and carbon cycles with greater accuracy. These tools help governments and businesses plan for extreme events, optimize resource use, and design resilient infrastructure.
2. Carbon Capture, Utilization, and Storage (CCUS)
CCUS technologies trap CO2 emissions from industrial sources and either store them underground or repurpose them into fuels, building materials, or chemicals. With stricter climate policies, CCUS is gaining traction as a scalable solution for hard-to-abate sectors like cement and steel.
3. Green Hydrogen Production and Infrastructure
Green hydrogen, produced using renewable electricity and water electrolysis, is emerging as a clean fuel for transport, industry, and power generation. Investments in hydrogen hubs, pipelines, and ammonia-based transport systems are accelerating their global adoption.
4. Smart Grid and Energy Management Systems
Smart grids use IoT and AI to balance energy supply and demand in real time. They integrate renewables, manage storage, and enable decentralized energy trading. These systems are critical for grid stability and efficient energy use in urban and rural areas.
5. Climate Risk Assessment and Insurance Tech
Startups and insurers are deploying satellite data, predictive analytics, and blockchain to assess climate risks like floods, droughts, and wildfires. These tools help price insurance accurately, guide infrastructure investment, and support climate-resilient development.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the climate tech market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Climate Tech Market
- Climeworks
- Tesla
- orsted
- Carbon Clean
- Enphase Energy
- Northvolt
- CGN Wind Energy
- GAC Aion
- Envision AESC
- Plant-Ag
- Airbus Group
- Boeing
- Lockheed Martin
- GE Vernova
- GreenLancer
- Aquora Biosystems
- Capture Tech
- Encamp
- Adena Power
- Powermers
- SkySpecs
- Fresh Coast Climate Solutions
- Michelman
- Sortera Technologies
- GoSun
1. Climeworks
Headquartered in Switzerland, Climeworks is a global leader in carbon capture, utilization, and storage (CCUS). Its direct air capture technology removes CO2 from the atmosphere and stores it underground or sells it as carbon credits. The company’s Mammoth facility in Iceland captures up to 36,000 tons annually, serving clients like Microsoft and Stripe. Climeworks is scaling modular plants across Europe and North America, aligning with climate goals and net-zero targets. Its innovation supports climate risk mitigation and complements AI-powered climate modeling by providing verified carbon removal data.
2. Tesla
Tesla, based in California, USA, is a climate tech powerhouse driving solar energy, battery storage, and electric mobility. Its products Powerwall, Megapack, and Solar Roof enable decentralized renewable energy systems and smart grid integration. Tesla’s Gigafactories produce lithium-ion batteries at scale, supporting solid-state storage breakthroughs. The company’s AI-driven energy management systems optimize consumption and grid interaction. Tesla’s climate strategy includes reducing fossil fuel dependence and promoting solar-powered mobility, making it a key player in the transition to clean energy.
3. Ørsted
Ørsted, headquartered in Denmark, is a global leader in offshore wind energy and green hydrogen development. Originally a fossil fuel company, orsted transformed into a renewable energy pioneer, now operating over 7.5 GW of offshore wind capacity. It’s investing in green hydrogen infrastructure to decarbonize heavy industry and transport. orsted’s smart grid partnerships and AI-enhanced forecasting tools improve energy reliability and climate resilience. The company’s commitment to net-zero by 2040 and circular economy principles positions it at the forefront of climate innovation.
4. Carbon Clean
Based in London, UK, Carbon Clean specializes in point-source carbon capture for industrial facilities. Its modular systems are deployed in cement, steel, and chemical plants, capturing CO2 directly from smokestacks. The company partners with Chevron, Cemex, and Samsung, offering scalable solutions for hard-to-abate sectors. Carbon Clean’s technology supports low-carbon manufacturing and aligns with climate risk assessment strategies. Its cost-effective approach and rapid deployment model make it a standout in the CCUS space, helping industries meet emissions targets without disrupting operations.
5. Enphase Energy
Enphase Energy, headquartered in California, USA, is a leader in solar microinverters, energy storage, and smart energy management systems. Its IQ platform enables homeowners and businesses to monitor, store, and optimize solar energy in real time. Enphase’s systems support rooftop solar expansion, community solar, and decentralized microgrids, enhancing energy access and resilience. The company integrates AI to forecast usage patterns and manage grid interaction, aligning with climate tech trends in smart grids and emissions tracking. Enphase plays a vital role in democratizing clean energy and reducing carbon footprints.
Are you ready to discover more about the climate tech market?
The report provides an in-depth analysis of the leading companies operating in the global climate tech market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Climeworks
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Tesla
- orsted
- Carbon Clean
- Enphase Energy
- Northvolt
- CGN Wind Energy
- GAC Aion
- Envision AESC
- Others.
Conclusion
The climate tech market is rapidly evolving into a cornerstone of modern healthcare, agriculture, and scientific research. Driven by innovations in next-generation sequencing, CRISPR technologies, and AI-powered data analysis, it offers transformative potential for personalized medicine and early diagnostics. Increasing investments, population-scale initiatives, and multi-omics integration are unlocking deeper biological insights. Key players like Illumina, Thermo Fisher, and 10x Climate tech are shaping its future through scalable, precision-driven tools.
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