Adapting to Change: Key Insights into the Climate Adaptation Market
The global climate adaptation market size was estimated at USD 25.45 billion in 2023 and is projected to grow at a CAGR of 10.5% from 2024 to 2030. The increase in extreme weather events, such as floods and droughts, is pushing governments and businesses to invest in climate resilience. Governments are implementing policies and funding projects for infrastructure and early warning systems, while corporations are focusing on adaptive technologies and sustainability initiatives. Advancements in climate forecasting, water management, and energy-efficient infrastructure are further driving the effectiveness of these adaptation efforts. Urbanization is driving the need for resilient infrastructure that can withstand climate impacts, including climate-resilient buildings and transportation systems. Insurance companies are increasingly promoting adaptive measures to mitigate climate-related damages, offering incentives to those who invest in resilience. International a...