The carbon management system global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Carbon Management System Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size — The carbon management system market size has grown rapidly in recent years. It will grow from $11.38 billion in 2023 to $12.7 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. 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 $19.83 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. 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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Scope Of Carbon Management System MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Carbon Management System Market Overview
Market Drivers -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 September 2021, according to the Department for Business, Energy and Industrial Strategy, a UK-based government department, energy consumption increased by 4.6% from 2020 to 2021, rising from 128 to 134 million tones of oil equivalent. Therefore, the growing industrial demand for energy consumption is driving the growth of the carbon management system market.
Market Trends — Major companies operating in the carbon management system market are focused on developing systems integrated with dual-standard intelligent cloud carbon management to ensure accurate tracking, reporting, and reduction of carbon emissions. Dual-standard intelligent cloud technology enhances the effectiveness and efficiency of carbon management systems, enabling organizations to manage their carbon footprint better and contribute to a more sustainable future. For instance, in November 2021, SGS S.A., a Switzerland-based testing, inspection, and certification company, launched S-Carbon, a dual-standard digital carbon management intelligent cloud platform on Azure. It adopts the international ISO 14064–1 standard and Chinese national standards to track carbon emissions performance quantitatively. The platform is based on Microsoft Azure, leveraging its data storage and analysis technology. This integration allows for robust and efficient data management and analysis, crucial for tracking and managing carbon emissions.
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
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Regional Insights — North America was the largest region in the carbon management system market in 2023. The regions covered in the carbon management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies — 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
Table of Contents 1. Executive Summary2. Carbon Management System Market Report Structure3. Carbon Management System Market Trends And Strategies4. Carbon Management System Market — Macro Economic Scenario5. Carbon Management System Market Size And Growth…..27. Carbon Management System Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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