Market Overview: Industrial Plant Decarbonization Technologies
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Executive Summary
Decarbonizing plant operations is a global priority, especially with the Paris Agreement’s goal of net zero emissions by 2050. Driven by macroeconomic factors and stakeholder pressures, firms in high-emission industries like oil and gas, manufacturing, metals and utilities are setting ambitious reduction targets through three main decarbonization technology levers. These are: efficiency improvement technologies, clean energy transition technologies and advanced decarbonization technologies. This study provides an overview of the industrial decarbonization technology market, highlighting solutions that reduce emissions by enhancing energy efficiency, transitioning to clean energy and capturing emissions, and offers guidance for strategy and purchasing decisions.For industrial firms, plant decarbonization is a matter of survival
Macroeconomic factors and stakeholder demands turn focus towards decarbonization technology
Plant decarbonization technologies are split across three levers
Challenges and innovations will drive growth of industrial plant decarbonization technology
Industry-specific nuances and challenges inform decarbonization lever choice
The evolution of plant decarbonization technology will coincide with AI analytics, renewable integrations and growing technology maturity
Figure 2. Efficiency improvement technologies
Figure 3. Clean energy transition technologies
Figure 4. Advanced decarbonization technologies
About the Authors
Kiran Darmasseelane
Principal Analyst
Kiran is a Principal Analyst at Verdantix, delivering data-driven insights on emerging technologies and global market trends for asset-intensive sectors such as energy, manufa...
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Gus Brewer
Analyst
Gus is an Analyst in the Verdantix Net Zero & Climate Risk practice. Prior to joining Verdantix, Gus worked at Rio ESG, where he gained experience as a sustainability cons...
Ryan Skinner
Research Director
Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc...
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Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...
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