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Carbon Management System Market Size

Report ID: GMI7032
Published Date: Oct 2023
Report Format: PDF

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Carbon Management System Market Size

Carbon Management System Market was valued at USD 12.4 billion in 2023 and is set to grow at a CAGR of 9.2% between 2024 and 2032. Driven by the growing awareness of climate change, the need to reduce carbon footprints, and the transition to a low-carbon economy. For instance, as per the U.S. government, the country represents a massive investment opportunity for carbon mitigation projects of up to USD 100 billion by 2030 and USD 600 billion by 2050.

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Growing focus on ESG reporting coupled with increasing inclination towards carbon pricing & carbon market standards across the globe owing to increasing emission concerns will create a favorable industry scenario. Environmental, Social, and Governance (ESG) reporting became a top priority for businesses, as a result, carbon management systems are becoming an essential for tracking and reporting environmental performance and emissions data for ESG disclosures.

Carbon Management System Market Report Attributes
Report Attribute	Details
Base Year:	2023
Carbon Management System Market Size in 2023:	USD 12 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	9.2%
2032 Value Projection:	USD 26 Billion
Historical Data for:	2019 to 2023
No. of Pages:	270
Tables, Charts & Figures:	368
Segments covered:	Component, Deployment, Industry, & Region
Growth Drivers:	Rising government efforts to promote low-carbon policies Growing industrial demand for energy consumption
Pitfalls & Challenges:	Monitoring & reporting issues

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Carbon management systems has started integrating technologies like Artificial Intelligence (AI) and the Internet of Things (IoT) to enhance data collection, analysis, and reporting capabilities. AI-driven analytics provided valuable insights for emissions reduction strategies. Moreover, a wide array of companies and organizations has set ambitious sustainability goals and committed to achieving net-zero emissions. Carbon management systems were pivotal in helping them track progress, assess risks, and identify opportunities for emissions reduction.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of carbon management system was worth USD 12.4 billion in 2023 and is estimated to expand at over 9.2% CAGR from 2024 to 2032, driven by the increasing awareness of climate change, the need to reduce carbon footprints, and the ongoing transition to low-carbon economy.

The services segment in the carbon management system market is set to witness 8.5% growth rate between up to 2032, owing to benefits of customizing to meet the specific needs of industries, businesses, and organizations of varying sizes and complexities.

North America carbon management system industry is poised to depict 9.2% CAGR from 2023 to 2032, attributed to the growing emphasis on carbon reduction policies and regulations at the federal, state, and local levels.

Some of the top carbon management system companies are Schneider Electric, IBM, SAP, Trinity Consultants, Engie, Isometrix, Locus Technlogies, Envirosoft, Salesforce, Enablon, Intelex, ESP, Dakota Software, EnergyCap., Carbon Footprint Ltd., Enviance, and Accuvio, among others.