Middle East & Africa Climate Tech Market Size & Outlook
MEA climate tech market highlights
- The MEA climate tech market generated a revenue of USD 1.3 million in 2024.
- The market is expected to grow at a CAGR of 19% from 2025 to 2030.
- In terms of segment, carbon capture, utilization, and storage (ccus) was the largest revenue generating technology in 2024.
- Carbon Capture, Utilization, and Storage (CCUS) is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2024 | USD 1.3 million |
| Market revenue in 2030 | USD 3.5 million |
| Growth rate | 19% (CAGR from 2025 to 2030) |
| Largest segment | Carbon capture, utilization, and storage (ccus) |
| Fastest growing segment | Carbon Capture, Utilization, and Storage (CCUS) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Capture, Utilization, and Storage (CCUS) |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.3% of the global climate tech market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35.1 million by 2030.
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Climate Tech Market Scope
Climate Tech Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Orbital Marine Power | View profile | 11-50 | Kirkwall, Orkney, United Kingdom, Europe | https://orbitalmarine.com/ |
| Commonwealth Fusion | View profile | 501-1000 | Cambridge, Massachusetts, United States, North America | https://www.cfs.energy |
| QuantumScape | View profile | 501-1000 | San Jose, California, United States, North America | http://www.quantumscape.com |
| Vestas | View profile | 10001+ | Aarhus, Midtjylland, Denmark, Europe | http://www.vestas.com |
| Climeworks | View profile | 251-500 | Zürich, Zurich, Switzerland, Europe | http://www.climeworks.com |
| First Solar Inc | View profile | 6700 | 350 West Washington Street, Suite 600, Tempe, AZ, United States, 85288 | https://www.firstsolar.com |
| Tesla Inc | View profile | 140473 | 1 Tesla Road, Austin, TX, United States, 78725 | https://www.tesla.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Middle East & Africa climate tech market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to climate tech market will help companies and investors design strategic landscapes.
Carbon capture, utilization, and storage (ccus) was the largest segment with a revenue share of 115.38% in 2024. Horizon Databook has segmented the Middle East & Africa climate tech market based on carbon capture, utilization, and storage (ccus) covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of climate tech market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa climate tech market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa climate tech market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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