1. HOME
2. Research Insight
3. Top Companies in Climate Adaptation Industry - Baker Hughes Company (US), Exxon Mobil Corporation (US), Climeworks (Switzerland), INTERNATIONAL BUSINESS MACHINES CORPORATION (US), and Vaisala (Finland)

The global Climate adaptation market is projected to grow from an estimated USD 23.2 billion in 2024 to USD 40.4 billion by 2030, demonstrating a CAGR of 9.7% during the forecasted period of 2024-2030. Climate adaptation refers to preparing for and responding to the current and anticipated effects of climate change. It involves modifying processes, practices, and structures to minimize potential damages or capitalize on opportunities linked to climate change.

The climate adaptation market is defined as the sum of the revenues generated by global companies offering climate adaptation solutions for end users, such as government agencies, research institutes, and industries. The climate adaptation market has been studied for five key regions, such as North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

To know about the assumptions considered for the study download the pdf brochure

Key players in the Climate adaptation market encompass Baker Hughes Company (US), Exxon Mobil Corporation (US), Climeworks (Switzerland), INTERNATIONAL BUSINESS MACHINES CORPORATION (US), and Vaisala (Finland). Prominent companies like Baker Hughes Company (US), Exxon Mobil Corporation (US) ), Climeworks (Switzerland), INTERNATIONAL BUSINESS MACHINES CORPORATION (US), and Vaisala (Finland) have employed various growth strategies to enhance their standing in the Climate adaptation market. These strategies include product launches, partnerships, sales contracts, agreements, acquisitions, joint ventures, expansions, investments, and contracts. The objective for these leading firms in the Climate adaptation market is to not only increase their market share but also to extend their geographical reach.

Baker Hughes Company is one of the leading US-based providers of systems, products, and oilfield-related services across the oil & gas value chain. The company primarily operates under two segments: Oilfield Services & Equipment and Industrial & Energy Technology. It offers climate adaptation solutions and gas technology through the Industrial & Energy Technology segment. This segment combines a broad array of domain expertise, technologies, software, and services for energy customers, including on- and offshore, (Liquified Natural gas (LNG), pipeline & gas storage, refining, petrochemical, distributed gas, nuclear, hydrogen, carbon capture, utilization & storage, clean power, and renewables. Baker Hughes Company operates through affiliates, subsidiaries, alliances, and ventures. The company operates in over 120 countries globally, along with a regional presence for the Oilfield Services & Equipment segment in North America, Latin America, Europe/Commonwealth of Independent states (CIS)/Sub-Saharan Africa, and the Middle East/Asia.

Exxon Mobil Corporation is an integrated oil & gas company that discovers, explores, develops, and produces crude oil, natural gas, and natural gas liquids. The company focuses more on low-carbon solutions, which can provide customers in the manufacturing, transportation, and power generation industries. It offers a range of options, such as carbon capture and storage technologies, hydrogen, and Biofuels, to tackle the challenge of reducing emissions. Exxon Mobil Corporation operates through five segments: Upstream, Energy Products, Chemical Products, Specialty Products, and Corporate and Financing. The company offers climate adaptation solutions through the Corporate and Financing segment. Low-carbon solutions are included in the Corporate and Financing segment as the business continues to mature through commercialization and deployment of technology. About half of its investments are toward reducing emissions, and the other half are toward reducing customers’ emissions through carbon capture and storage, hydrogen, biofuels, and lithium. Exxon Mobil Corporation operates through a network of manufacturing plants, transportation systems, and distribution centers. The company has a global presence in Asia Pacific, Europe, North America, the Middle East, and South America

Climeworks offers carbon removal as a service for businesses and individuals focusing on addressing climate change. The company designs, builds and operates direct air capture and storage facilities to remove CO2. With Climeworks Solutions, companies can secure a holistic portfolio of carbon removals, uniting the best-in-class suppliers across engineered and nature-based approaches. Each portfolio is tailored to companies’ unique needs. It can comprise solutions, such as afforestation/reforestation, biochar, enhanced weathering, or bioenergy with carbon capture and storage, and always include their direct air capture technology. A single Climeworks plant is adept at capturing 900 tons of carbon dioxide per year. The pure carbon dioxide gas captured directly from the atmosphere is sold to companies in agriculture, automotive, energy, and food & beverage industries. With its global headquarters in Zurich, Switzerland, the company has its regional headquarters in North America. It also operates subsidiaries in Germany and Iceland.

INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM) provides global hybrid cloud, AI, and consulting solutions and services. The company develops system hardware and software. It also offers infrastructure, hosting, and consulting services. Its key areas include analytics, artificial intelligence, automation, blockchain, cloud computing, IT infrastructure, IT management, cybersecurity, and software development. IBM operates through four segments, namely, Software, Consulting, Infrastructure, and Financing. The company offers climate adaptation solutions through the Software segment. Under the Software segment, it offers solutions to gain climate and weather insights to anticipate disruptive environmental conditions, proactively manage risks, and build more sustainable operations. By combining accurate weather, geospatial, greenhouse gas (GHG) emissions, and industry-specific data, customers can build custom climate adaptation solutions that fit the needs of their enterprise. IBM uses advanced technologies and data insights to boost productivity, enhance production and exploration, improve safety, and integrate operations. The company operates in over 175 countries across the Americas, Europe, the Middle East & Africa, and Asia Pacific.

Vaisala is a global leader in weather, environmental, and industrial measurement solutions. The company has built a robust reputation for providing high-quality sensors, systems, and services that support various industries. Its core business segments include Weather and Environment and Industrial Measurements. It offers climate adaptation solutions through both segments. Under the Weather and Environment segment, Vaisala offers comprehensive solutions for meteorology, air quality monitoring, road weather systems, and renewable energy applications. These solutions are crucial for weather forecasting, climate research, and managing the impacts of environmental changes. The Industrial Measurements segment provides devices and systems for measuring parameters, such as humidity, temperature, pressure, carbon dioxide, and liquid concentration in industrial processes. Vaisala emphasizes the accuracy and reliability of data in addressing global challenges related to climate change, environmental protection, and industrial efficiency. The company operates in the Americas, Asia Pacific, and EMEA.

Related Reports:

Climate Adaptation Market by Solution (Nature-, Technology-based, Enhanced Natural Process, Early Climate Warning & Environmental Monitoring), End User (Government Agencies, Academia & Research Institutions, Industries), Region - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]