The cloud carbon management system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cloud Carbon Management System Market, 2024 report by The Business Research
Company offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The cloud carbon management system market size has grown rapidly in recent
years. It will grow from $6.73 billion in 2023 to $7.41 billion in 2024 at a
compound annual growth rate (CAGR) of 10.1%. The growth in the historic period
can be attributed to growing environmental awareness, increasing carbon
emissions, regulatory compliance pressure, rising energy costs, emergence of carbon
pricing mechanisms.
The cloud carbon management system market size is expected to see strong growth
in the next few years. It will grow to $10.67 billion in 2028 at a compound
annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be
attributed to strengthening of global climate agreements, shift towards
circular economy models, increasing consumer demand for eco-friendly products
and services, growing investor focus on sustainability performance, accelerated
adoption of renewable energy sources. Major trends in the forecast period
include rise of carbon offsetting and carbon removal solutions, integration of
carbon management into supply chain management systems, development of
interoperable carbon accounting platforms, adoption of real-time carbon
monitoring and reporting tools, emergence of industry-specific carbon
management standards and certifications.
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Scope Of Cloud Carbon Management System Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Cloud Carbon Management System Market Overview
Market Drivers -
The growing industrial demand for energy consumption is expected to propel the
growth of the cloud carbon management system market going forward. Energy
consumption refers to the total amount of energy utilized by individuals,
organizations, or systems within a specific timeframe, often measured in
kilowatt-hours or joules. It arises due to expanding manufacturing activities,
technological advancements requiring more energy-intensive processes, and
population growth driving product demand. Cloud carbon management systems
address industrial demand for energy consumption by providing tools and
insights to optimize energy usage, reduce carbon emissions, and promote
sustainability within industrial operations. For instance, in April 2023,
according to a report published by the United States Energy Information
Administration (EIA), a US-based statistical agency, between 2022 and 2050,
residential consumption of purchased electricity is projected to rise by
approximately 14% to 22%, reaching 5.9 to 6.3 quads, while electricity
purchased for transportation, driven by increased adoption of electric vehicles
(EVs), is expected to surge from 0.1 quads in 2022 to between 0.6 and 1.3 quads
in 2050, marking a substantial 900% to 2,000% increase across all scenarios.
Therefore, the growing industrial demand for energy consumption is driving the
growth of the cloud carbon management system market.
Market Trends -
Major companies operating in the cloud carbon management system market are
developing advanced solutions, such as a carbon management solution, to help
global customers measure, analyze, and manage their carbon emissions and gain a
competitive edge in the market. This solution encompasses a range of
technologies and strategies to measure, track, manage, and reduce carbon
emissions from industrial facilities, power plants, and other sources, which
are critical in achieving sustainability and environmental performance goals.
For instance, in June 2022, Alibaba Cloud, a China-based cloud computing
company, launched the Energy Expert. This platform offers real-time carbon
footprint tracking, actionable insights, AI-powered analytics computing, and
comprehensive energy and emission management features. Its significance in the
cloud carbon management system market lies in its capacity to assist companies
worldwide in measuring, analyzing, and managing carbon emissions, facilitating
alignment with global sustainability goals, and enabling enterprises to achieve
carbon neutrality through advanced technologies and streamlined solutions.
The cloud carbon management system market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Applications: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Industry: Energy And Utilities, Manufacturing, Residential And Commercial
Building, Transportation And Logistics, IT And Telecom, Other Industries
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Regional Insights -
North America was the largest region in the cloud carbon management system
market in 2023. Asia-Pacific is expected to be the fastest-growing region in
the forecast period. The regions covered in the cloud carbon management system
market report are Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East, Africa.
Key Companies -
Major companies operating in the cloud carbon management system market are
Engie SA, The International Business Machines Corporation (IBM), Schneider
Electric SE, SAP SE, Salesforce Inc., Enablon (Wolters Kluwer N.V.), IHS
Markit, Trinity Consultants Inc., Enviance Inc., Thinkstep, Intelex
Technologies ULC, Climeworks AG, IsoMetrix Software, Hara Software, Carbon
Clean Solutions, Carbon Lighthouse, Locus Technologies, Energetics, EnergyCAP
LLC, CarbonCure Technologies, FirstCarbon Solutions, Envirosoft Corporation,
Carbon Footprint Ltd., Climate Earth, Greenstone+, Native Energy, Dakota
Software, ESP (New Zealand Green Investment Finance), COzero, Ecometrica
Table of Contents
1. Executive Summary
2. Cloud Carbon Management System Market Report Structure
3. Cloud Carbon Management System Market Trends And Strategies
4. Cloud Carbon Management System Market – Macro Economic Scenario
5. Cloud Carbon Management System Market Size And Growth
…..
27. Cloud Carbon Management System Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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