Manufacturing Carbon Management System Market Size - By Component (Solutions, Services), Deployment (Cloud, On-premises), Regional Outlook & Growth Forecast, 2024 – 2032

Manufacturing Carbon Management System Market Size

Manufacturing Carbon Management System Market was valued at USD 1.8 billion in 2023 and is set to grow at a CAGR of over 8.6% from 2024 to 2032. Shifting trend towards environmental compliance along with regulatory pressure are driving the market growth. Nations are enacting stringent laws and regulations to curb carbon emissions in a bid to combat climate change. These regulations often include carbon taxes, cap-and-trade systems, and mandatory reporting of greenhouse gas (GHG) emissions. Compliance with such regulations necessitates the adoption of carbon management solutions, pushing manufacturers to invest in technologies and processes that reduce their carbon footprint.
 

The rising importance of corporate sustainability goals and Environmental, Social, and Governance (ESG) reporting is another significant driver. Companies across the manufacturing sector are increasingly adopting sustainability as a core component of their business strategies. This shift is driven by stakeholder expectations, including investors, customers, and employees, who demand greater transparency and accountability in corporate environmental practices. By integrating carbon management solutions, manufacturers can track, manage, and reduce their emissions, thereby meeting their sustainability targets and enhancing their ESG ratings. This trend is accelerating market growth as businesses seek to align their operations with broader sustainability goals.
 

Manufacturing Carbon Management System Market Trends

Advancements in technology are playing a crucial role in propelling the manufacturing carbon management industry. Innovations in data analytics, artificial intelligence (AI), Internet of Things (IoT), and blockchain are enabling more efficient monitoring and management of carbon emissions. For instance, AI and machine learning algorithms can optimize energy consumption and predict emissions, while IoT devices provide real-time data on various emission sources. Blockchain technology, on the other hand, ensures transparency and traceability in carbon credit trading. These technological advancements are making carbon management solutions more effective and accessible, thereby driving their adoption across the manufacturing sector.
 

Manufacturing Carbon Management System Market Analysis

Based on component, the solution manufacturing carbon management system industry is anticipated to surpass USD 2 billion by 2032. Carbon management solution providers are increasingly offering strategic sustainability consulting. They collaborate with organizations to develop comprehensive sustainability strategies that include carbon reduction, ESG reporting, and climate risk assessment.
 

Based on deployment, the cloud-based deplyment industry will grow at a rate of over 8.5% through 2032. Cloud-based carbon management systems provide scalability and flexibility, enabling organizations to adjust their carbon data management and analytics capabilities as required. Additionally, these systems facilitate real-time data collection and analysis, offering organizations up-to-the-minute insights into their carbon emissions and sustainability performance.
 

North America manufacturing carbon management system market is anticipated to exceed over USD 1.3 billion by 2032. Economic incentives and the potential for cost savings are significant motivators for manufacturers to adopt carbon management solutions in the region. Governments offers subsidies, tax breaks, and grants to companies that implement sustainable practices.
 

The growing demand for sustainable products from consumers and businesses driving the market growth in Canada. As awareness of environmental issues increases, there is a heightened preference for products with a lower carbon footprint. Manufacturers that can demonstrate their commitment to carbon management gain a competitive advantage in the market.
 

Manufacturing Carbon Management System Market Share

Accuvio, Envirosoft, IBM, SAP, and Schneider Electric are among the dominant players in the manufacturing carbon management system business. Industry-wide collaborations and initiatives aimed at reducing collective carbon footprints are fostering a culture of sustainability. These collaborative efforts encourage knowledge sharing, innovation, and the adoption of best practices, thereby driving the growth of the carbon management market across the manufacturing sector.
 

Manufacturing Carbon Management System Market Companies

Major key players operating across the manufacturing carbon management system industry are:

• Accuvio
• Carbon Footprint Ltd.
• Dakota Software
• Enablon
• EnergyCap.
• Engie
• Enviance
• Envirosoft
• ESP
• IBM
• Intelex
• Isometrix
• Locus Technlogies
• NativeEnergy
• Salesforce
• SAP
• Schneider Electric
• Trinity Consultants
   

Manufacturing Carbon Management System Industry News

• In July 2024, Engie and BASF signed a long-term Biomethane Purchase Agreement in Europe, under which ENGIE will supply BASF with 2.7 to 3.0 terawatt-hours of biomethane over the duration of the agreement. This purchase and the use of biomethane enable BASF to expand its product portfolio, offering products with lower or zero Product Carbon Footprints (PCF) to customers in manufacturing industries such as automotive, packaging, and detergents.
   
• In March 2024, IBM committed up to USD 45 million towards climate adaptation, beginning with a new Request for Proposals (RFP) for resilient cities. This RFP will align with United Nations Sustainable Development Goal 11, which aims to make cities safe, resilient, sustainable, and carbon neutral. These initiatives will focus on developing cloud-based technologies, thereby supporting market growth.
   

This manufacturing carbon management system market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Billion’ from 2021 to 2032, for the following segments:

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Market, By Component

• Solution
• Services

Market, By Deployment

• Cloud
• On-premises

The above information has been provided for the following region & countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
• Latin America
  • Brazil
  • Argentina