South Korea Decarbonization Market Size & Outlook

The decarbonization market in South Korea is expected to reach a projected revenue of US$ 112,719.8 million by 2030. A compound annual growth rate of 17.7% is expected of South Korea decarbonization market from 2024 to 2030.
Revenue, 2023 (US$M)
$35,921.6
Forecast, 2030 (US$M)
$112,719.8
CAGR, 2024 - 2030
17.7%
Report Coverage
South Korea

South Korea decarbonization market highlights

  • The South Korea decarbonization market generated a revenue of USD 35,921.6 million in 2023 and is expected to reach USD 112,719.8 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 17.7% from 2024 to 2030.
  • In terms of segment, sustainable transportation services was the largest revenue generating service in 2023.
  • Sustainable Transportation Services is the most lucrative service segment registering the fastest growth during the forecast period.


Decarbonization market data book summary

Market revenue in 2023USD 35,921.6 million
Market revenue in 2030USD 112,719.8 million
Growth rate17.7% (CAGR from 2023 to 2030)
Largest segmentSustainable transportation services
Fastest growing segmentSustainable Transportation Services
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCarbon Accounting and Reporting services, Sustainable Transportation Services, Waste Reduction and Circular Economy Services
Key market players worldwideInternational Business Machines Corp, Atos SE, Accenture PLC Class A, Siemens AG, SAP SE, GE Vernova Inc, Dakota Software, EnergyCAP, IsoMetrix, Trinity Consultants, Deloitte


Other key industry trends

  • In terms of revenue, South Korea accounted for 1.9% of the global decarbonization market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China decarbonization market is projected to lead the regional market in terms of revenue in 2030.
  • South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 112,719.8 million by 2030.

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Decarbonization Market Companies

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South Korea decarbonization 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 decarbonization market will help companies and investors design strategic landscapes.


Sustainable transportation services was the largest segment with a revenue share of 52.26% in 2023. Horizon Databook has segmented the South Korea decarbonization market based on carbon accounting and reporting services, sustainable transportation services, waste reduction and circular economy services covering the revenue growth of each sub-segment from 2017 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea decarbonization market , including forecasts for subscribers. This country databook contains high-level insights into South Korea decarbonization market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea decarbonization market size, by service, 2017-2030 (US$M)

South Korea Decarbonization Market Outlook Share, 2023 & 2030 (US$M)

South Korea decarbonization market size, by service, 2017-2030 (US$M)

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