What Has Been The Historical And Current Growth Of The Carbon Footprint Management Market?
The carbon footprint management market has seen considerable growth due to a variety of factors.
• The market size of carbon footprint management has seen a gradual rise in the past few years. It is set to expand from $10.6 billion in 2024 to $11.11 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%.
The acceleration in the past years is linked to elevating demand for energy consumption, escalation in pollution levels, a surge in vehicle sales, and growth in emissions from the aviation industry.
What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Carbon Footprint Management Market?
The carbon footprint management market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of carbon footprint management is anticipated to experience robust growth in the upcoming years, projected to reach $15.15 billion in 2029 with an 8.1% compound annual growth rate (CAGR).
This expansion in the prediction period can be credited to factors such as governmental assistance, the execution of COP26 aimed at curbing global warming, and a consistent surge in construction and infrastructure sectors. Key trends for the forecast period encompass the utilization of Artificial Intelligence for precise monitoring and forecasting of emissions, emphasis on innovative technological solutions for maintaining competitiveness, the application of blockchain technology to enhance carbon traceability, and the concentration on alliances and collaborative efforts to generate new technologies.
Which Drivers Are Accelerating Growth In The Carbon Footprint Management Market?
Governments' implementation of various policies to manage carbon emissions is predicted to spur the growth of the carbon footprint management market. Countries globally have initiated several measures to cut down carbon pollution and footprints. For example, The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM), a government agency in the US addressing climate change actions, in partnership with the Hydrogen Fuel Cell Technologies Office (HFTO), another US government agency, declared in October 2024, an allocation of upwards of $58.5 million in federal funding to 11 initiatives with the objective of creating a financially self-sustaining carbon dioxide removal industry in the U.S. The funded amount is slated to aid pilot projects and testing facilities, focusing on showcasing and escalating technologies proficient in effectively eliminating carbon dioxide straight from the atmosphere.
What Are The Key Segments Within The Global Carbon Footprint Management Market?
The carbon footprint management market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment: On-Premises, Cloud
3) By Vertical: Manufacturing, IT And Telecom, Residential And Commercial Buildings, Transportation And Logistics, Energy And Utilities, Other Verticals
Subsegments:
1) By Solution: Software (Carbon Accounting, Analytics Tools), Monitoring And Reporting Tools, Carbon Offset Platforms, Data Management Systems
2) By Services: Consulting Services (Sustainability Consulting, Carbon Auditing), Training And Education Programs, Carbon Footprint Assessment Services, Verification And Certification Services
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How Are New Trends Impacting The Size Of The Carbon Footprint Management Market?
Key players in the carbon emission management market are concentrating on enterprise sustainability, integrating innovative technologies such as AI-powered emissions footprinting tools to cater to the growing need for carbon emissions control. These AI-powered solutions provide firms with the ability to precisely determine and illustrate product carbon emissions throughout their development phase, utilizing an extensive portfolio of emission factors for improved transparency and efficiency. For example, in July 2024, French firm CO2 AI, which specializes in sustainability management software solutions, introduced an innovative generative AI-powered tool for product emissions footprinting. This allows businesses to correctly calculate their product's carbon emissions. By using a catalogue of more than 110,000 emission factors, the solution increases the speed and accuracy of emissions evaluations, and provides a clearer understanding and visualization of emission hotspots throughout the product development process.
Who Are the Key Players in the Carbon Footprint Management Market?
Major companies operating in the carbon footprint management market include:
• IBM Corporation
• Salesforce.com. Inc.
• Engie SA
• SAP SE
• Simble Solutions Ltd
• Enablon
• Schneider Electric SE
• GreenStep Solutions Inc
• IsoMetrix Software
• Dakota Software Corporation
• Altilium
• Yokogawa India
• SGS India
• Mitsui
• Pwc Japan Group
• Enking International
• Carbon Trust China
• Carbonstop
• Enesource
• Carbon Care Asia
• Sphera
• Carbon Intelligence
• Planetly
• Compact Carbon Capture (3C)
• Accuvio
• Cority Software Inc
• Energycap LLC
• Intelex Technologies Inc
• Locus Technologies
• Nativeenergy Inc
• Johnson Controls
• Accenture PLC
• Velocityehs And Carbon Trust
• Envirosoft Corporation
• Energywatch's Watch Wire
• Metricstrac
• Processmap EHS Software
• Carbon Footprint Ltd
• Shagaya Clean Energy Development
• Greencarbon Co. W.L.L
• Tristar Group
• Alternative Energy Projects Co
• Starsight Energy.
What are the Regional Insights into the Carbon Footprint Management Market?
North America was the largest region in the carbon footprint management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carbon footprint management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
