The Sustainability and Energy Management Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s Global Market Report 2024 on Sustainability and Energy Management Software, the market has experienced exponential growth, expanding from $1.35 billion in 2024 to an anticipated $1.54 billion, marking a notable Compound Annual Growth Rate (CAGR) of 13.8%. This surge can be attributed to a confluence of factors such as corporate sustainability initiatives, regulatory compliance mandates, heightened awareness of climate change, and substantial energy cost savings.
Projections for the future unveil a promising trajectory for the sustainability and energy management software market, foreseeing an escalation to $2.48 billion by 2028, supported by a CAGR of 12.7%. Anticipated growth drivers encompass a burgeoning demand for transparency and reporting, a heightened focus from investors and consumers on sustainability practices, the imperative integration of renewable energy, and the ever-evolving Environmental, Social, and Governance (ESG) standards.
Noteworthy trends in the forecasted period comprise a paradigm shift towards data-driven decision-making, an emphasis on transparency and stakeholder communication, sustainability ingrained in supply chain management, seamless integration of renewable energy sources, and an accelerated pace of digitalization coupled with IoT integration.
The increase in investments in environment, health & safety (EH&S), and sustainability software is a key factor for driving the sustainability and energy management software market. Energy management software facilitates the reduction of energy expenses and use. It is used to maximize energy efficiency and sustainability, and energy management software can aid cost reduction, carbon footprint reduction, and quality energy enhancement. For instance, in February 2022, ArcelorMittal, a Europe-based steel manufacturing corporation, announced a €1.7 billion ($1.8 billion) investment program by 2030 at its French steelmaking operations in Fos-sur-Mer and Dunkirk, with help from the French government while retaining equal production capacities. This investment would enable a dramatic transformation of steelmaking in France and a total decrease of ArcelorMittal’s CO2 emissions in France of close to 40%, or 7.8 million tonnes per year, by 2030. This transition will result in a 10% reduction in greenhouse gas emissions from France’s manufacturing industry. Therefore, an increase in investment in environment, health and safety and sustainability software will drive the sustainability and energy management software.
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The sustainability and energy management software market covered in this report is segmented –
1) By Software: Cloud based, On-Premise
2) By Module: Utility data management, Carbon reporting & management, Sustainability reporting & management, Energy Optimization, Facility and asset Management, Compliance Management
3) By End User: Automotive, Construction, Manufacturing, Oil and Gas, Pharmaceutical, Utilities and Energy
Top 5 Major Players:
Major players in the sustainability and energy management software sphere are strategically positioning themselves by developing cutting-edge energy storage software platforms. A prime example is FlexGen Power Systems, Inc., a US-based energy storage technology company, which unveiled the HybridOS 11 in September 2024. This latest iteration is designed to offer an unparalleled user experience, ensuring system stability and endowing energy storage asset owners and operators with greater control over site operations.
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31. Global Sustainability and Energy Management Software Market Competitive Benchmarking
32. Global Sustainability and Energy Management Software Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sustainability and Energy Management Software Market
34. Sustainability and Energy Management Software Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Sustainability and Energy Management Software Market, Segmentation By Software, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Sustainability and Energy Management Software Market, Segmentation By Module, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Sustainability and Energy Management Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: Accuvio lnc. Financial Performance
Table 75: Ecova Inc. Financial Performance
Table 76: Enablon North America Corp. Financial Performance
Table 77: Envizi Pty Ltd. Financial Performance
Table 78: Figbytes Inc. Financial Performance
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