Carbon Management Systems Market Size, Share & Growth 2031
Carbon Management Systems Market Size, Share & Growth 2031
Segments - Carbon Management Systems Market by Offerings (Software and Services), Applications (Energy, Air Quality Management, Greenhouse Gas Management, Sustainability, and Others), End Users (IT & Telecom, Healthcare, Manufacturing, Oil & Gas, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :ICT-SE-1988
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Report Description
Carbon Management Systems Market Outlook 2031
The global carbon management system market size was USD 11.45 Billion in 2022 and is projected to reach USD 31.75 Billion by 2031 expand at a significant CAGR 12% during the forecast period, 2023–2031. The growth of the market is attributed to the strict regulations and standard guidelines. In addition, strict compliance with carbon dioxide emissions regulations and increased government initiatives to reduce carbon dioxide emissions are driving the market.
Carbon management is a process of balancing environmental and business performance to maximize the company's operational efficiency and minimize the carbon footprint that ultimately leads to climate change. Carbon management system is used to measure or reduce carbon footprint and achieve company goals in accordance with government regulations.
Carbon dioxide management software supports organizations to implement and plan their carbon management strategies. The main problem faced by most organizations around the world is increasing greenhouse gas emissions caused by their activities.
This requires a huge effort to monitor, measure, and reduce emissions. Globally, the demand for carbon dioxide management software is increasing due to its direct benefits or positive impacts, such as improving operational efficiency, communicating business performance to stakeholders, differentiated operations, improving products and image, and cooperating.
Carbon Management Systems Market Trends, Drivers, Restraints, and Opportunities
- Increasing adoption of carbon footprint management in transportation sector is expected to boost the market during the forecast period.
- Rapid growth of the manufacturing industry is creating demand for carbon management systems as maximum carbon emission are from manufacturing sector.
- Stringent regulation and policies due to demand in rapid decarbonization is anticipated to drive the market during the forecast period.
- High investment required for restructuring the infrastructure for low emitting carbon plants is expected to hamper the market growth.
- Lack of awareness about effects of carbon emission and technologies for limiting carbon emission act as major challenges that can restrict the market growth during the forecast period.
- R&D investment and technological advancement in decarbonization methods is projected to offer significant opportunities for the market players.
Scope of The Carbon Management Systems Market Report
The report on the global carbon management system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Carbon Management Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Offerings (Software and Services), Applications (Energy, Air Quality Management, Greenhouse Gas Management, Sustainability, and Others), and End Users (IT & Telecom, Healthcare, Manufacturing, Oil & Gas, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
SAP SE; ENGIE Impact; Simble Solutions Ltd.; Green Step Solutions Inc.; and IBM Corp. |
Carbon Management Systems Market Segment Insights
The software segment is projected to represent a major market share
In terms of offerings, the carbon management system market is bifurcated into software and services. The software segment is expected to hold a key share of the market during the forecast period. Market participants face fierce competition, and carbon management is a strategy to maintain brand positioning this is due to various government initiatives aimed at maintaining environmental and corporate sustainability.
In addition, automation and digital transformation are driving the carbon dioxide management software market. Another key factor is that fierce market competition has promoted the growth of the carbon management software market, leading to a decline in the price of carbon management software.
The energy segment is expected to grow at a robust CAGR
Based on applications, the carbon management system market is segregated into energy, air quality management, greenhouse gas management, sustainability, and others. The energy segment is expected to represent a key share of the market during the forecast period owing to energy efficiency is a growing concern for private companies and government agencies worldwide.
Economic growth leads to high energy consumption and pushes the world's power grid to the limit. In addition, major countries have enacted regulations to improve energy efficiency. The development of events has forced companies to make decisions about energy efficiency. North America generates too much carbon, and its operating costs exceed 100 billion U.S. dollars per year.
On the other hand, the green house gas segment is anticipated to expand at a rapid pace during the forecast period owing to companies and governments use greenhouse gas management software to manage, quantify, and understand greenhouse gas emissions. The software is able to create effective and credible plans to deal with the effects of climate change on a global scale.
Increased global warming due to increased greenhouse gas emissions is the main driving force of the software on a global scale. Future work in the greenhouse gas management market is expected to include environmental impact, environmental hot spot detection, and climate change adaptation.
The oil & gas segment is anticipated to expand at a rapid pace
On the basis of end users, the carbon management system market is fragmented into IT & telecom, healthcare, manufacturing, oil & gas, and others. The oil and gas segment is expected to represent a key share of the market during the forecast period owing to hydrocarbons are one of the key economic factors driving globalization and industrial development.
Oil and natural gas segment accounts for more than 50% of the world's energy consumption although global energy consumption is under great pressure. Energy demand, especially for transportation, heating and cooling, is expected to continue to rise. Oil & gas companies are implementing carbon management systems to monitor carbon emissions in the form of green gas and manage energy use.
North America is anticipated to dominate the market
On the basis of regions, the carbon management system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The carbon management system market in the region remains an important market as commercial, residential, and industrial customers continue to push them to adopt energy-saving measures.
The United States is currently the second largest electricity consumer after China. In addition, the introduction of the North American carbon management program is a key step in establishing airport carbon dioxide certification as a global standard for airport carbon dioxide management. The government's measures to reduce energy emissions from various old buildings and public buildings have also boosted market demand.
Segments
The global carbon management system market has been segmented on the basis of
Offerings
- Software
- Services
Applications
- Energy
- Air Quality Management
- Greenhouse Gas Management
- Sustainability
- Others
End Users
- IT & Telecom
- Healthcare
- Manufacturing
- Oil & Gas
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- SAP SE
- ENGIE Impact
- Simble Solutions Ltd.
- Green Step Solutions Inc.
- IBM Corp.
Competitive Landscape
Key players competing in the carbon management system market include SAP SE; ENGIE Impact; Simble Solutions Ltd.; Green Step Solutions Inc.; and IBM Corp.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Carbon Management Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Carbon Management Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Carbon Management Systems Market - Supply Chain
4.5. Global Carbon Management Systems Market Forecast
4.5.1. Carbon Management Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Carbon Management Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Carbon Management Systems Market Absolute $ Opportunity
5. Global Carbon Management Systems Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Carbon Management Systems Market Size and Volume Forecast by Applications
5.3.1. Energy
5.3.2. Air Quality Management
5.3.3. Greenhouse Gas Management
5.3.4. Sustainability
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Carbon Management Systems Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Carbon Management Systems Market Size and Volume Forecast by End Users
6.3.1. IT & Telecom
6.3.2. Healthcare
6.3.3. Manufacturing
6.3.4. Oil & Gas
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Carbon Management Systems Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Carbon Management Systems Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Carbon Management Systems Demand Share Forecast, 2019-2026
8. North America Carbon Management Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Carbon Management Systems Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Carbon Management Systems Market Size and Volume Forecast by Applications
8.4.1. Energy
8.4.2. Air Quality Management
8.4.3. Greenhouse Gas Management
8.4.4. Sustainability
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Carbon Management Systems Market Size and Volume Forecast by End Users
8.7.1. IT & Telecom
8.7.2. Healthcare
8.7.3. Manufacturing
8.7.4. Oil & Gas
8.7.5. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Carbon Management Systems Demand Share Forecast, 2019-2026
9. Latin America Carbon Management Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Carbon Management Systems Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Carbon Management Systems Market Size and Volume Forecast by Applications
9.4.1. Energy
9.4.2. Air Quality Management
9.4.3. Greenhouse Gas Management
9.4.4. Sustainability
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Carbon Management Systems Market Size and Volume Forecast by End Users
9.7.1. IT & Telecom
9.7.2. Healthcare
9.7.3. Manufacturing
9.7.4. Oil & Gas
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Carbon Management Systems Demand Share Forecast, 2019-2026
10. Europe Carbon Management Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Carbon Management Systems Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Carbon Management Systems Market Size and Volume Forecast by Applications
10.4.1. Energy
10.4.2. Air Quality Management
10.4.3. Greenhouse Gas Management
10.4.4. Sustainability
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Carbon Management Systems Market Size and Volume Forecast by End Users
10.7.1. IT & Telecom
10.7.2. Healthcare
10.7.3. Manufacturing
10.7.4. Oil & Gas
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Carbon Management Systems Demand Share Forecast, 2019-2026
11. Asia Pacific Carbon Management Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Carbon Management Systems Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Carbon Management Systems Market Size and Volume Forecast by Applications
11.4.1. Energy
11.4.2. Air Quality Management
11.4.3. Greenhouse Gas Management
11.4.4. Sustainability
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Carbon Management Systems Market Size and Volume Forecast by End Users
11.7.1. IT & Telecom
11.7.2. Healthcare
11.7.3. Manufacturing
11.7.4. Oil & Gas
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Carbon Management Systems Demand Share Forecast, 2019-2026
12. Middle East & Africa Carbon Management Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Carbon Management Systems Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Carbon Management Systems Market Size and Volume Forecast by Applications
12.4.1. Energy
12.4.2. Air Quality Management
12.4.3. Greenhouse Gas Management
12.4.4. Sustainability
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Carbon Management Systems Market Size and Volume Forecast by End Users
12.7.1. IT & Telecom
12.7.2. Healthcare
12.7.3. Manufacturing
12.7.4. Oil & Gas
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Carbon Management Systems Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Carbon Management Systems Market: Market Share Analysis
13.2. Carbon Management Systems Distributors and Customers
13.3. Carbon Management Systems Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. SAP SE
13.4.2. ENGIE Impact
13.4.3. Simble Solutions Ltd.
13.4.4. Green Step Solutions Inc.
13.4.5. IBM Corp.
Methodology
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