North America Carbon Management Systems Market Size - By Component (Solutions, Services), Deployment (Cloud, On-premises), Industry (Energy & Utilities, Manufacturing, Residential & Commercial Building, Transportation & Logistics, IT & Telecom), & Forecast, 2024 – 2032

North America Carbon Management Systems Market Size

North America Carbon Management Systems Market was valued at USD 4.7 billion in 2023 and is anticipated to grow at a CAGR of 10.1% during 2024 to 2032. Increasing investments by governments, and businesses have created a significant demand for carbon management solutions.
 

Stringent regulations and policies, with the goal of curbing emissions, have spurred the adoption of carbon management systems among industries. Moreover, the advancements in technology have made carbon capture, utilization, and storage more feasible and cost-effective, further driving market growth. The growing trend of corporate sustainability initiatives and the rise of carbon pricing mechanisms have incentivized organizations to invest in carbon management solutions.
 

North America Carbon Management Systems Market Trends

The rising focus on comprehensive carbon footprint assessments across industries are enabling organizations to identify and mitigate emissions at every stage of their operations. The ongoing support by government and private investments are increasing the adoption of innovative carbon capture, utilization, and storage (CCUS) technologies.
 

Moreover, Blockchain technology is emerging as a disruptive force in carbon management systems, offering enhanced transparency, traceability, and integrity in carbon management systems markets. By leveraging blockchain-based platforms, companies can securely record and verify carbon credits, streamline transactions, and ensure the authenticity of emission reduction projects. Blockchain also enables greater accountability and trust in carbon accounting processes, fostering confidence among stakeholders and facilitating the scaling up of carbon management systems market in North America.
 

Corporate commitments to environmental responsibility and regulatory pressures are also integrating carbon management into broader sustainability strategies. Additionally, a surge in investor demands for greater ESG (Environmental, Social, and Governance) disclosure will significantly enhance the transparency and accountability in carbon reporting. These trends signify a concerted effort to address climate change through holistic carbon management approaches in North America.
 

North America Carbon Management Systems Market Analysis

Based on component, the solutions segment is poised to cross USD 2.5 billion by 2032 owing to its comprehensive offerings and increasing demand for technological solutions to address carbon emissions. The rising awareness of climate change and its impacts is driving organizations to invest in solutions that can help them measure, monitor, and reduce their carbon footprint effectively, thereby growing this segment significantly in coming years.
 

Based on deployment, the cloud segment will showcase about 9.7% CAGR through 2032, due to the increasing adoption of cloud-based technologies across industries. Cloud-based solutions typically require lower upfront costs and offer faster deployment compared to traditional on-premises systems, appealing to businesses looking for cost-effective and efficient solutions. Advancements in cloud security measures and data privacy regulations have bolstered confidence in cloud-based platforms, further fueling their adoption for carbon management purposes.
 

U.S. carbon management systems market is expected to exceed USD 4.1 billion by 2032 due to growing public awareness of climate change and its impacts in U.S. Advancements in technology, particularly in areas such as carbon capture and storage, are making carbon management more feasible and cost-effective. The U.S. government's commitment to addressing climate change, coupled with funding initiatives and incentives for carbon reduction projects, is further boosting market growth. Similarly, Canada plays a crucial role in the carbon management landscape for several reasons on account of its diverse natural resources and ecosystems. As such, there's a growing recognition of the importance of carbon management in mitigating these impacts and protecting Canada's environment and economy.
 

North America Carbon Management Systems Market Share

Companies like Salesforce, SAP, and IBM lead the carbon management systems market due to their established reputation and extensive customer base provide a strong foundation for market penetration. These companies offer comprehensive and scalable solutions tailored to meet the diverse needs of businesses across various industries.
 

North America Carbon Management Systems Market Companies

Some major players operating in the North America carbon management systems industry is mentioned below:

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

North America Carbon Management Systems Industry News

• In May 2023, the United States government declared its commitment to allocate $251 million towards carbon capture and storage initiatives across seven states. The objective was to reduce emissions of greenhouse gases from power plants and various industrial sites, fostering the advancement of the carbon management sector within the nation.
   
• In June 2022, Alibaba Cloud launched Energy Expert, a sustainability platform made for users in measuring, analyzing, and controlling the carbon emitted from their products as well as corporate operations.
   

This North America carbon management systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2032, for the following segments:

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Market, By Component

• Solutions
• Service

Market, By Deployment

• Cloud
• On Premises

Market, By Industry

• Energy & Utilities
• Manufacturing
• Residential & Commercial Building
• Transportation & Logistics
• IT & Telecom
• Others

The above information has been provided for the following countries across the regions:

• North America
  • U.S.
  • Canada