The Sustainability and Energy Management Software Market is expected to grow from $1.5 billion in 2024 to $1.69 billion in 2025 at a compound annual growth rate (CAGR) of 12.6%. The growth can be attributed to factors such as corporate sustainability initiatives, regulatory compliance requirements, energy cost savings, and growing awareness of climate change. This growth trend is predicted to accelerate, reaching $2.82 billion in 2029 at a CAGR of 13.6%, fueled by the demand for transparency and reporting, an increasing focus on sustainability by investors and consumers, sustainability management in supply chains and evolving environmental, social, and governance (ESG) standards.
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What Is Driving The Sustainability and Energy Management Software Market Growth?
The key driver for the sustainability and energy management software market is the increase in investments in environment, health, and safety (EH&S), and sustainability software. Energy management software is being adopted due to its ability to maximize energy efficiency and sustainability and its potential for cost reduction, carbon footprint reduction, and quality energy enhancement. A case in point is the Europe-based steel manufacturing corporation, ArcelorMittal. The corporation, with the backing of the French government, announced a $1.8 billion investment program by 2030, aiming to significantly reduce ArcelorMittal’s CO2 emissions in France and hence making a 10% reduction in greenhouse gas emissions from France’s manufacturing industry.
What Are The Major Segments Within The Global Sustainability and Energy Management Software Market?
– By Software: Cloud Based, On-Premise
– By Module: Utility Data Management, Carbon Reporting And Management, Sustainability Reporting And Management, Energy Optimization, Facility, And Asset Management, Compliance Management
– By End User: Automotive, Construction, Manufacturing, Oil And Gas, Pharmaceutical, Utilities, And Energy
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Who Are The Major Players In The Sustainability and Energy Management Software Market?
The major players in the market include Accuvio lnc., Ecova Inc., Enablon North America Corp., Envizi Pty Ltd., Figbytes Inc., Gensuite LLC, International Business Machines Corporation, ICONICS Inc., SAP SE, Schneider Electric SE, UL EHS Sustainability, LogicLadder Technologies Pvt. Ltd., Urjanet Energy Solutions Pvt Ltd, Verisae, Thinkstep, Siemens AG, Johnson Controls International PLC, Honeywell International Inc., Eaton Corporation PLC, General Electric Company, Rockwell Automation Inc., Emerson Electric Co., OSIsoft LLC, Yokogawa Electric Corporation, Mitsubishi Electric Corporation, IntegrityNext, EHS Insight, VelocityEHS.
What Are The Latest Trends In The Sustainability and Energy Management Software Market?
Companies operating in the market are focusing on developing advanced energy storage software platforms to gain a competitive edge. These platforms assist in managing and controlling energy storage systems, allowing users to monitor and analyze data in real-time, thereby improving the performance of energy storage and integrating it with renewable energy sources and the power grid.
Which Region Holds The Largest Share In The Sustainability and Energy Management Software Market?
North America was the largest region in the sustainability and energy management software market in 2024. Other regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What Does The Sustainability and Energy Management Software Market Report 2025 Offer?
Sustainability and energy management software is a digital solution that automates specific operations to monitor energy and sustainability management and energy use. These parameters support businesses in monitoring, analyzing, and controlling activities. The Sustainability and Energy Management Software Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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