Home > Energy & Power > Emerging Energy Technologies > Carbon Management > Energy & Utility Carbon Management System Market

Energy & Utility Carbon Management System Market Trends

Report ID: GMI7864
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Energy & Utility Carbon Management System Market Trends

The seamless incorporation of carbon offsetting, adherence to regulatory compliance, along with effective management of supply chain emissions is driving the market growth. Numerous organizations have integrated carbon offsetting programs into their broader carbon management strategies, and energy & utility carbon management systems have responded by providing features that streamline the tracking and administration of these offsets. innovative technologies and strategies to align with stringent emission reduction targets.

Regulatory developments and increased focus on corporate social responsibility are also influencing the market dynamics. Governments worldwide are implementing stringent emission regulations and incentivizing companies to adopt sustainable practices. As a result, businesses in the energy and utility sector are compelled to invest in carbon management systems to ensure compliance, avoid penalties, and demonstrate their commitment to environmental stewardship.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of energy & utility carbon management system was surpassed USD 2.77 billion in 2023 and is poised to expand over 9.7% growth rate between 2024 and 2032, driven by the ongoing shift toward a low-carbon economy.

The services segment dominated major share of the energy & utility carbon management system market in 2023 and is expected to grow at over 9.8% CAGR through 2032, attributed the rising demand for transparency from stakeholders, including customers, investors, and communities, prompting companies to adopt carbon management solutions.

North America energy & utility carbon management system industry is set to exhibit robust growth at over 10.6% CAGR from 2024 to 2032, owing to the growing emphasis on carbon reduction policies and regulations.

Some of the leading energy & utility carbon management system firms are Schneider Electric, IBM, SAP, Trinity Consultants, Isometrix, Envirosoft, Enablon, Intelex, ESP, Dakota Software, EnergyCap., Carbon Footprint Ltd., Accuvio, and many others.