Overview and Scope
A carbon management system refers to a set of strategies, policies, and practices designed to monitor, reduce, and offset carbon emissions within an organization. It involves measuring the carbon footprint, setting emission reduction targets, implementing carbon reduction initiatives, and purchase of carbon offsets to compensate for emissions that cannot be eliminated. The goal of a carbon management system is to minimize the impact of an organization’s activities on climate change and contribute to a more sustainable future.
Sizing and Forecast
The carbon management system market size has grown rapidly in recent years. It will grow from $11.38 billion in 2023 to $12.7 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to regulatory mandates, corporate sustainability commitments, rising energy costs, reputational risk mitigation, and investor pressure.
The carbon management system market size is expected to see rapid growth in the next few years. It will grow to $19.83 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to net zero emissions pledges, increasing carbon pricing mechanisms, demand for ESG reporting and transparency, technological advancements in carbon tracking, and supply chain emissions management. Major trends in the forecast period include integration with digital platforms, emergence of carbon offset markets, adoption of artificial intelligence for optimization, growth of carbon capture and storage solutions, and expansion of scope 3 emissions tracking.
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Segmentation & Regional Insights
The carbon management system market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: Cloud, On-Premises
3) By Application: Energy, Greenhouse Gas Management, Air Quality Management, Sustainability, Other Applications
4) By End-User Vertical: Oil And Gas, Manufacturing, Healthcare, Information Technology And Telecom, Other End-User Verticals
Top 5 Major Players:
- Onetrust LLC,
- TerraCycle Inc.,
- AiDash Inc.,
- Climeworks AG
- The Carbon Trust
North America was the largest region in the carbon management system market in 2023. The regions covered in the carbon management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing industrial demand for energy consumption is expected to propel the growth of the carbon management system market going forward. Energy consumption refers to the amount of energy individuals and organizations use to perform various tasks or activities. The growing industrial demand for energy consumption is due to expanding manufacturing operations and advancements in infrastructure development, along with population growth and urbanization requiring more energy-intensive processes. Carbon management systems provide real-time monitoring of carbon emissions from industrial processes; companies can identify areas where energy is being consumed inefficiently by accurately measuring emissions. For instance, in September 2021, according to the Department for Business, Energy and Industrial Strategy, a UK-based government department, energy consumption increased by 4.6% from 2020 to 2021, rising from 128 to 134 million tones of oil equivalent. Therefore, the growing industrial demand for energy consumption is driving the growth of the carbon management system market.
Key Industry Players
Major companies operating in the carbon management system market are Onetrust LLC, TerraCycle Inc., AiDash Inc., Climeworks AG, The Carbon Trust, Svante Inc., LanzaTech Inc., Plan A UG, CarbonCure Technologies Inc., Carbon Clean Solutions Limited, Xpansiv Data Systems LLC, Pachama Inc., Optimum Energy LLC, C-Capture Limited, CarbonChain Limited, LogicLadder Technologies Pvt. Ltd., Aclima Inc., Global Thermostat LLC, AirCarbon Exchange (ACX), CarbonCloud AB, NCX, Carbon Upcycling Technologies LLC, TerraPass Inc., Verdani Partners LLC, Carbmee Technologies Pvt. Ltd., WattTime Corporation, Carbon Analytics Limited
The carbon management system market report table of contents includes:
1. Executive Summary
2. Carbon Management System Market Characteristics
3. Carbon Management System Market Trends And Strategies
4. Carbon Management System Market – Macro Economic Scenario
5. Global Carbon Management System Market Size and Growth
….
32. Global Carbon Management System Market Competitive Benchmarking
33. Global Carbon Management System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Carbon Management System Market
35. Carbon Management System Market Future Outlook and Potential Analysis
36. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Carbon Management System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Carbon Management System Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Carbon Management System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Onetrust LLC Financial Performance
Table 76: TerraCycle Inc. Financial Performance
Table 77: AiDash Inc. Financial Performance
Table 78: Climeworks AG Financial Performance
Table 79: The Carbon Trust Financial Performance
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