UK Net Zero Industry RTIC
Real-Time Industrial Classifications

UK Net Zero Economy

With a strategy laid out to reach our Net Zero targets by 2050, the transition to Net Zero could be the growth story of the century within the UK and beyond.

Discover our Net Zero Real-Time Industrial Classification (RTIC) today and find out more about the verticals, companies and employees that make up this emerging economy.

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What is Net Zero?

Net Zero is a unique emerging sector in that it has been established to tackle a specific problem within a specific time frame – reducing greenhouse gases produced by humans.

The true meaning of Net Zero refers to the collective target to balance the amount of greenhouse gases being produced and removed from our atmosphere. The goal here is for humankind to reach a state where the amount we add is no more than we take away – hence the ‘Net’ Zero part.

From this a thriving UK Net Zero economy has taken shape, which coincides with the country’s target to cut emissions of carbon dioxide (CO2) and reach Net Zero by 2050. This ecosystem of verticals and companies in the Net Zero supply chain, which range from low carbon energy generation all the way to green finance, represent a now thriving industry and present big opportunity for economic growth in the future.

Net Zero sector summary

Discover real-time data and insights sourced directly from The Data City platform, driven by our innovative Real-Time Industrial Classifications (RTICs). Our RTICs harness the power of web data and machine learning, and are published with industry experts for precision and relevance.

Here are the key facts about the Net Zero sector. The sector has a turnover of £1,365.2bn currently, has received £23.8bn of investment and the sector is growing at 4.6% per year.

32,380
COMPANIES CONSIDERED
£1,365.2bn
TOTAL TURNOVER
2,009,450
TOTAL EMPLOYEES
£23.8bn
TOTAL INVESTMENT FUNDING
£3.6bn
TOTAL INNOVATE UK GRANT FUNDING
4.6%
AVERAGE COMPANY GROWTH PER YEAR

Net Zero verticals

Our industry data goes deep. See the top verticals and specialisms making waves in the UK Net Zero industry today.

Our Net Zero RTIC is made up of 14 individual verticals. The top verticals in this sector include Low Carbon and Renewable Energy Generation, and Waste Management and Recycling. You can find out more about the verticals by downloading our RTIC report, or by signing up for a free trial of The Data City platform.

  • Sector Code Description Records
  • RTIC0055 Net Zero 32380 companies

    Companies in the Net Zero Supply chain, which covers many industries working to reduce greenhouse gas emissions. These include; Agritech, Building Technologies, Carbon Capture, Diversion of Biodegradable Waste from Landfill, Energy Cooperatives, Energy Storage, Green Finance, Grid, Heating, Low Carbon, Low Carbon Consultancy Advisory and Offsetting Services, Low Emission Vehicles, Pollution Control and Mitigation, Renewables, Renewable Energy Planning Database, Waste Management and Recycling.

    • Net Zero: Agritech

      Companies developing technologies and providing services that enable farming and food production to reduce, avoid, or sequester greenhouse gas emissions or make farming practices more resilient to climate change.

      821 companies
    • Net Zero: Building Technologies

      Companies providing technology and services for increased energy efficiency and resource usage in built environments and buildings in design and under construction.

      3476 companies
    • Net Zero: Carbon Capture

      Companies dedicated to carbon capture, storage and utilisation.

      378 companies
    • Net Zero: Community-Focused Renewable Energy

      Any company that has a purpose to bring renewable energy to local communities or make current energy and environmental practices more efficient. Communities are both improved and have control in the process through which energy is generated. Not for profits and social enterprises are included.

      719 companies
    • Net Zero: Emissions Monitoring and Mitigation

      Companies that develop measures to avoid, track and minimise industrial emissions. This is focused on the aviation and marine industries and involves long term mitigation options rather than short term fixes such as oil spill clean ups.

      1522 companies
    • Net Zero: Energy Storage

      Companies that are providing services and technology for the capture and later release of energy sources, including electromagnetic storage, high temperature thermal energy storage, chemical energy storage, electrochemical energy storage (batteries) and mechanical storage.

      3751 companies
    • Net Zero: Green Finance and Infrastructure Investment

      Structured financial activity that invests in net-zero infrastructure and energy or enables people and places have greater access to net zero practices.

      3730 companies
    • Net Zero: Heat Pumps and other Renewable Heating Sources

      Companies developing, manufacturing or installing low carbon and renewable heat sources. These primarily include heat pumps and biomass boilers but also geothermal and solar thermal energy sources.

      3327 companies
    • Net Zero: Low Carbon Consultancy, Advisory & Offsetting Services

      Organisations and businesses that offer carbon footprint auditing, environmental assessments, tailored reduction plans, carbon tracking, low carbon strategies or other services for monitoring and reducing carbon emissions.

      4092 companies
    • Net Zero: Low Carbon and Renewable Energy Generation

      This vertical includes all companies that operate and/or provide renewable and low carbon energy, including nuclear, hydrogen, wind, solar, biogas/biofuels, geothermal and hydropower. This vertical was made with reference to the REPD.

      12659 companies
    • Net Zero: Low Emission Vehicles

      Companies focusing on the development, technology, infrastructure and direct construction of LEVs: vehicles which emit less than 75 grams of carbon dioxide per kilometre. Most commonly electric or hydrogen powered, this vertical includes cars, vans, lorries/trucks bikes, scooters, planes and construction vehicles.

      3245 companies
    • Net Zero: Pollution Remediation

      Companies that monitor and treat the effects of pollution on soil and freshwater quality and those that recycle wastewater prevent pollution from further causing these effects and minimise carbon emissions. The treatment methods involve soil stabilisation and bioremediation.

      1696 companies
    • Net Zero: Renewable Energy Infrastructure

      Companies involved in the medium to large scale generation and distribution of energy, that is either renewable or traditional but made to be more efficient through grid management software or consultancy.

      3467 companies
    • Net Zero: Waste Management and Recycling

      Companies dedicated to solid waste removal, management, processing and recycling.

      5431 companies

Net Zero industry growth

Based on a growth rate of 4.6%, we expect that this sector could be worth £1,695.2bn by 2027. Below you can see our forecast of the growth of the sector.

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Includes key insights on market size, investment, growth, location and much more. Data updated every month.

Market data for 400+ industries at your fingertips

At The Data City we use AI and real-time data to map emerging sectors and innovative companies.

Our company database of over 5 million active UK companies houses 400+ Real-Time Industrial Classifications (RTICs) built in partnership with leading experts.

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Our Net Zero work

Mapping UK Net Zero with CBI Economics

This new report commissioned by the ECIU, makes use of real-time data to showcase the scale and geography of the UK’s Net Zero Economy, highlighting key hotspots and opportunities across the country.

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