What is the current size and annual growth rate of the carbon management system market?
The carbon management system market size has grown rapidly in recent years. It will grow from $12.7 billion in 2024 to $14.23 billion in 2025 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to regulatory mandates, corporate sustainability commitments, rising energy costs, reputational risk mitigation, and investor pressure.
The carbon management system market size is expected to see rapid growth in the next few years. It will grow to $22.11 billion in 2029 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to net zero emissions pledges, increasing carbon pricing mechanisms, demand for ESG reporting and transparency, technological advancements in carbon tracking, and supply chain emissions management. Major trends in the forecast period include integration with digital platforms, emergence of carbon offset markets, adoption of artificial intelligence for optimization, growth of carbon capture and storage solutions, and expansion of scope 3 emissions tracking.
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Which major factors have contributed to the expansion of the carbon management system market?
The growing industrial demand for energy consumption is expected to propel the growth of the carbon management system market going forward. Energy consumption refers to the amount of energy individuals and organizations use to perform various tasks or activities. The growing industrial demand for energy consumption is due to expanding manufacturing operations and advancements in infrastructure development, along with population growth and urbanization requiring more energy-intensive processes. Carbon management systems provide real-time monitoring of carbon emissions from industrial processes; companies can identify areas where energy is being consumed inefficiently by accurately measuring emissions. For instance, in July 2024, according to the International Energy Agency, a France-based intergovernmental organization, global electricity demand is expected to rise by about 4% in 2024, compared to a 2.5% increase in 2023. Therefore, the growing industrial demand for energy consumption is driving the growth of the carbon management system market.
How is the carbon management system market segmented?
The carbon management system market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: Cloud, On-Premises
3) By Application: Energy, Greenhouse Gas Management, Air Quality Management, Sustainability, Other Applications
4) By End-User Vertical: Oil And Gas, Manufacturing, Healthcare, Information Technology And Telecom, Other End-User Verticals
Subsegments:
1) By Solutions: Carbon Footprint Management Solutions, Emissions Monitoring And Reporting Solutions, Carbon Accounting And Auditing Solutions, Energy Management Solutions, Sustainability Reporting Solutions, Carbon Offsetting Solutions, Data Analytics And Optimization Solutions
2) By Services: Consulting Services, Implementation And Integration Services, Training And Support Services, Managed Services, Audit And Compliance Services, Carbon Offset Advisory Services
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Who are the top competitors in the carbon management system market?
Major companies operating in the carbon management system market are Onetrust LLC, TerraCycle Inc., AiDash Inc., Climeworks AG, The Carbon Trust, Svante Inc., LanzaTech Inc., Plan A UG, CarbonCure Technologies Inc., Carbon Clean Solutions Limited, Xpansiv Data Systems LLC, Pachama Inc., Optimum Energy LLC, C-Capture Limited, CarbonChain Limited, LogicLadder Technologies Pvt. Ltd., Aclima Inc., Global Thermostat LLC, AirCarbon Exchange (ACX), CarbonCloud AB, NCX, Carbon Upcycling Technologies LLC, TerraPass Inc., Verdani Partners LLC, Carbmee Technologies Pvt. Ltd., WattTime Corporation, Carbon Analytics Limited
Which key trends are expected to influence the carbon management system market in the coming years?
Major companies in the carbon management system market are focused on developing innovative carbon measurement and management tools to help reduce overall carbon emissions. A carbon measurement and management tool is a system that enables organizations to track, quantify, and analyze their greenhouse gas emissions. For instance, in November 2022, AiDash, a US-based software company launched a new carbon measurement and management tool designed to help organizations unlock the environmental value of their corporate land holdings. This innovative system enables businesses, particularly in sectors like utilities, farming, and mining, to implement their own carbon offset programs by utilizing their land for carbon capture. With the cost of carbon credits projected to rise significantly up to 3000% by 2029 this tool offers a more cost-effective alternative, potentially saving organizations up to 90% compared to purchasing carbon credits from the market.
Which regional trends are influencing the carbon management system market, and which area dominates the industry?
North America was the largest region in the carbon management system market in 2024. The regions covered in the carbon management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Carbon Management System Market Report 2025 Offer?
The carbon management system market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A carbon management system refers to a set of strategies, policies, and practices designed to monitor, reduce, and offset carbon emissions within an organization. It involves measuring the carbon footprint, setting emission reduction targets, implementing carbon reduction initiatives, and purchase of carbon offsets to compensate for emissions that cannot be eliminated. The goal of a carbon management system is to minimize the impact of an organization’s activities on climate change and contribute to a more sustainable future.
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