In 2017, the global Climate Change Consulting Market brought in US$ 5.3 billion in revenue. With a CAGR of 4.8 percent over the projected period, the climate change consulting market is expected to be worth US$ 8.0 billion by 2026. In the Asia Pacific market, India is predicted to develop at a substantial rate over the forecast period, followed by Australia. The ongoing need for consultant services in the industry, mining, government, and other prominent industries to take a strategic step against the climate issue is responsible for this increase.
In 2018, the renewable energy development category dominated the market.
The renewable energy development segment dominated the Climate Change Consulting Market by service type in 2018 and is expected to continue to do so throughout the forecast period. All renewable energy systems, including solar, wind, hydro, bio-energy, and geothermal, are covered by climate change consulting services for renewable energy development.
Asia had the highest growth in renewable energy generation in 2017, accounting for 38 percent of all renewable electricity generation, according to the International Renewable Energy Agency (IRENA). This points to an increase in the region's demand for renewable energy development consultancy services.
In 2017, North America was the market leader in climate change consulting.
In 2017, North America dominated the market, and it is likely to continue to do so during the projection period. In 2017, the North American Climate Change Consulting Market brought in $2,653.0 million in revenue. In the United States, significant climate shifts have already been detected. Sea levels have risen, air and ocean temperatures have risen, torrential downpours have increased in frequency and intensity, frost days have decreased, and snow cover, permafrost, glaciers, and sea ice have decreased.
Global Climate Change Consulting Market: Key Players
Major players operating in the global climate change consulting industry include ICF International, Inc., McKinsey & Company, Inc., PricewaterhouseCoopers LLP (PwC), ERM Group, Inc., KPMG International, Coastal Risk Consulting, LLC, CH2M HILL Companies, Ltd. (Jacobs Engineering Group), Deloitte LLP, and Ramboll Environ, Inc.
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