Product Code: GVR-4-68040-159-0
Carbon Footprint Management Market Growth & Trends:
The global carbon footprint management market size is expected to reach USD 20.44 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.2% from 2023 to 2030.
The market drivers influencing carbon footprint management market considerations are multifaceted and include a combination of regulatory policies, consumer demand for sustainable products and services, corporate sustainability goals, and growing investor interest in environmentally responsible investments. Government regulations and international agreements, such as the Paris Agreement, set emission reduction targets and impose penalties for non-compliance, incentivizing businesses to adopt greener practices. Rising awareness of clean energy across the industrial sector and availability of energy-saving certificates in developed countries such as the U.S. and regions such as the European Union are expected to boost the demand for waste heat recovery systems over the forecast period. The supportive policies in countries such as China, India, Japan, and Australia are expected to boost the market growth in Asia Pacific over the forecast period.
Moreover, the development of EU and Emissions Performance Standard (EPS) has majorly propelled the carbon footprint management technology penetration in the market. The provision of a cap-and-trade system, which puts a price on carbon emissions is stimulating CCS installations across several industries such as power generation, chemical processing, oil & gas, iron & steel, and others.
Carbon footprint management market is a fragmented market where many companies such as ENGIE, IsoMetrix, SAPaccount for significant market share in the market in 2022. These companies apart from upgrading carbon management solutions are also focusing on various strategic initiatives including partnership, new launches, collaborations and expansion.
Carbon Footprint Management Market Report Highlights:
- Cloud emerged as fastest growing deployment type in the global market with CAGR of 12.0% over the forecast period. One of the primary reasons for the growth of cloud segment are remote access and affordability to the end-users.
- Enterprise tier has the largest market share in the end-use segment in the market with 39.50% of the market in 2023. As concerns about climate change and its impacts continue to grow, organizations are implementing emissions control and tracking systems in manufacturing or power generation facilities are large scale.
- Energy and Utilities accounted for largest market share in the phase system segment in the market with 31.91% of the market in 2023. The power sector accounted for two-thirds of the emissions growth from the previous year. Due to high emission rates, carbon capture & storage potential is extremely high in coal-fired power plants which is expected to propel the demand for carbon footprint management solution in near future.
- As of 2023, the Asia Pacific accounted for 57.01% revenue share in the overall market. Government initiatives by major countries like China, India, Japan and Australia to track and reduce carbon emissions is expected to drive the market over forecast period.
- Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in May 2023, SAP launched Green ledger solution to tackle carbon footprint management like tracking of carbon in the daily operations.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Information Procurement
- 1.2.1 Purchased Database
- 1.2.2 GVR's Internal Database
- 1.2.3 Secondary Type
- 1.2.4 Third Party Perspective
- 1.2.5 Primary Research
- 1.3 Information Analysis
- 1.3.1 Data Analysis Models
- 1.4 Market Formulation and Data Visualization
- 1.5 Data Validation and Publishing
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Market Variables, Trends, & Scope
- 3.1 Market Lineage
- 3.2 Industry Value Chain Analysis
- 3.3 Technology Trends
- 3.4 Market Dynamics
- 3.4.1 Market Driver Impact Analysis
- 3.4.2 Market Restraint Impact Analysis
- 3.4.3 Industry Challenges
- 3.4.4 Industry opportunities
- 3.5 Regulatory Framework
- 3.6 Business Environment Analysis: Carbon Footprint Management Market
- 3.6.1 Industry Analysis - Porter's
- 3.6.2 PESTEL analysis
Chapter 4 Carbon Footprint Management Market: Deployment Estimates & Trend Analysis
- 4.1 Deployment Movement Analysis & Market Share, 2023 & 2030
- 4.2 Carbon Footprint Management Market Estimates & Forecast, By Deployment (USD Million)
- 4.2.1 On-Premise
- 4.2.2 Cloud
Chapter 5 Carbon Footprint Management Market: Type Estimates & Trend Analysis
- 5.1 Type Movement Analysis & Market Share, 2023 & 2030
- 5.2 Carbon Footprint Management Market Estimates & Forecast, By Type (USD Million)
- 5.2.1 Basic-Tier
- 5.2.2 Medium-Tier
- 5.2.3 Enterprise-Tier
Chapter 6 Carbon Footprint Management Market: End Use Estimates & Trend Analysis
- 6.1 Type Movement Analysis & Market Share, 2023 & 2030
- 6.2 Carbon Footprint Management Market Estimates & Forecast, By End Use (USD Million)
- 6.2.1 Energy and Utilities
- 6.2.2 Manufacturing
- 6.2.3 Transportation
- 6.2.4 IT and Telecommunication
- 6.2.5 Residential and Commercial Buildings
Chapter 7 Carbon Footprint Management Market: Regional Estimates & Trend Analysis
- 7.1 Carbon Footprint Management Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.2 U.S.
- 7.2.2.1 Key country dynamics
- 7.2.2.2 U.S. Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.3 Canada
- 7.2.3.1 Key country dynamics
- 7.2.3.2 Canada Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.4 Mexico
- 7.2.4.1 Key country dynamics
- 7.2.4.2 Mexico Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3 Europe
- 7.3.1 Europe Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.2 Germany
- 7.3.2.1 Key country dynamics
- 7.3.2.2 GERMANY Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.3 France
- 7.3.3.1 Key country dynamics
- 7.3.3.2 France Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.4 UK
- 7.3.4.1 Key country dynamics
- 7.3.4.2 UK Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.5 Spain
- 7.3.5.1 Key country dynamics
- 7.3.5.2 Spain Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.6 Netherlands
- 7.3.6.1 Key country dynamics
- 7.3.6.2 Netherlands Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.7 Norway
- 7.3.7.1 Key country dynamics
- 7.3.7.2 Norway Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.8 Denmark
- 7.3.8.1 Key country dynamics
- 7.3.8.2 Denmark Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.2 China
- 7.4.2.1 Key country dynamics
- 7.4.2.2 China Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.3 India
- 7.4.3.1 Key country dynamics
- 7.4.3.2 India Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.4 Japan
- 7.4.4.1 Key country dynamics
- 7.4.4.2 Japan Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.5 South Korea
- 7.4.5.1 Key country dynamics
- 7.4.5.2 South Korea Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.6 Singapore
- 7.4.6.1 Key country dynamics
- 7.4.6.2 Singapore Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.7 Malaysia
- 7.4.7.1 Key country dynamics
- 7.4.7.2 Malaysia Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5 Central & South America
- 7.5.1 Central & South America Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.2 Brazil
- 7.5.2.1 Key country dynamics
- 7.5.2.2 Brazil Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.3 Argentina
- 7.5.3.1 Key country dynamics
- 7.5.3.2 Argentina Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6 Middle East and Africa
- 7.6.1 Middle East and Africa Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.2 Saudi Arabia
- 7.6.2.1 Key country dynamics
- 7.6.2.2 Saudi Arabia Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.3 U.A.E.
- 7.6.3.1 Key country dynamics
- 7.6.3.2 U.A.E. Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.4 South Africa
- 7.6.4.1 Key country dynamics
- 7.6.4.2 South Africa Carbon Footprint Management Market estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 8 Carbon Footprint Management Market: Competitive Landscape
- 8.1 Recent Delopments & Impact Analysis, by Key Market Participant
- 8.2 Company Categorization
- 8.3 Participant's Overview
- 8.3.1 Dakota Software
- 8.3.2 ENGIE
- 8.3.3 IsoMetrix
- 8.3.4 ProcessMAP
- 8.3.5 Schneider Electric
- 8.3.6 SAP
- 8.3.7 Ecova
- 8.3.8 Enviance
- 8.3.9 IHS Markit
- 8.3.10 Verisae
- 8.3.11 ProcessMap Corporation
- 8.3.12 Enablon
- 8.3.13 Wolters Kluwer
- 8.3.14 IBM Corporation
- 8.3.15 Schneider Electric
- 8.4 Financial Performance
- 8.5 Product Benchmarking
- 8.6 Company Market Positioning
- 8.7 Company Market Share Analysis, 2023
- 8.8 Company Heat Map Analysis
- 8.9 Strategy Mapping
- 8.9.1 expansion
- 8.9.2 mergers & acquisition
- 8.9.3 collaborations
- 8.9.4 new product launches
- 8.9.5 research & Delopment