Global Carbon Management System Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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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.
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.
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What Are The Key Trends That Influence Carbon Management System Share Analysis?
Companies in the carbon management system market are focused on developing systems that integrate dual-standard intelligent cloud carbon management to ensure precise tracking, reporting, and reduction of carbon emissions. Dual-standard intelligent cloud technology improves the effectiveness and efficiency of carbon management systems, enabling better carbon footprint management. For example, in November 2021, SGS S.A., a Switzerland-based testing and certification firm, launched S-Carbon, a dual-standard digital carbon management platform hosted on Azure. This platform adheres to the international ISO 14064-1 standard and Chinese national standards to quantitatively track carbon emissions. The integration with Microsoft Azure supports robust data management and analysis, crucial for effective carbon emissions tracking and management.
Which Market Players Are Driving Growth 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
How Is The Global Carbon Management System Market 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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The Carbon Management System Global Market Report 2024 provides an overview of the carbon management systemmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The carbon management system market forecast analyzes carbon management system market size, carbon management system market share, leading competitor and their market positions.
The Table Of Content For The Carbon Management System Market Include
1. Carbon Management System Market Executive Summary
2. Carbon Management System Market Segments
3. Carbon Management System Market Size And Template Market Growth Rate
4. Key Carbon Management System Market Trends
5. Major Carbon Management System Market Drivers
……
25. Key Mergers And Acquisitions In The Carbon Management System Market
26. Top Carbon Management System Companies
27. Carbon Management System Market Opportunities And Strategies
28. Carbon Management System Market, Conclusions And Recommendations
29. Appendix
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