The Sustainability And Energy Management Software Global Market Report 2023 by The Business Research Company, provides sustainability and energy management software market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Sustainability And Energy Management Software Global Market Report 2023, the market size is expected to grow from $1.18 billion in 2022 to $1.34 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sustainability and energy management software market size is expected to reach $2.16 billion in 2027 at a CAGR of 12.5%.
The increase in investments in environment, health & safety (EH&S), and sustainability software is a key factor for driving the sustainability software market. Energy management software facilitates the reduction of energy expenses and use. It is used to maximize energy efficiency and sustainability, and energy management software can aid cost reduction, carbon footprint reduction, and quality energy enhancement.
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The sustainability and energy management software market is segmented:
1) By Software: Cloud based, On-Premise
2) By Module: Utility data management, Carbon reporting & management, Sustainability reporting & management, Energy Optimization, Facility and asset Management, Compliance Management
3) By End User: Automotive, Construction, Manufacturing, Oil and Gas, Pharmaceutical, Utilities and Energy
The adoption of smart meters and smart grids is a key trend gaining popularity in the smart water metering market. IoT-based smart meters and grids are nonstandard computing devices that can wirelessly connect to a network and transfer data. Major players operating in the smart meters and grids market are focused on developing advanced IoT-based metering systems to strengthen their market position. For Instance, in April 2021, a report published by The Edison Foundation’s Institute for Electric Innovation, a US-based non-profit organisation, the Smart meter installations in the United States reached 107 million in 2020 and are expected to reach 115 million in 2021. Furthermore, in March 2021, Itron, Inc., a US-based company offering energy and water resource management products and services, launched the eHZ-B residential smart metre for utilities and cities in Germany. The eHZ-B smart metre. The latest addition to Itron’s proven 3.HZ FNN-compliant portfolio. These metre are designed with advanced functionality to support Germany’s ongoing energy transition to a low-carbon, environmentally sound, reliable, and affordable energy supply, as well as to equip utilities and cities to migrate to a smart and connected distribution network safely.
The sustainability and energy management software market report table of contents includes:
1. Executive Summary
2. Sustainability And Energy Management Software Market Characteristics
3. Sustainability And Energy Management Software Market Trends And Strategies
4. Sustainability And Energy Management Software Market – Macro Economic Scenario
5. Sustainability And Energy Management Software Market Size And Growth
…
27. Sustainability And Energy Management Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sustainability And Energy Management Software Market
29. Sustainability And Energy Management Software Market Future Outlook and Potential Analysis
30. Appendix
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