Sustainability and Energy Management Software Market Statistics, Emerging Trends, Key Drivers And Forecast To 2033

The sustainability and energy management software market size has grown rapidly in recent years. It will grow from $1.35 billion in 2023 to $1.54 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to corporate sustainability initiatives, regulatory compliance requirements, energy cost savings, growing awareness of climate change.

The sustainability and energy management software market size is expected to see rapid growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to demand for transparency and reporting, increasing investor and consumer focus on sustainability, supply chain sustainability management, evolving esg (environmental, social, and governance) standards. Major trends in the forecast period include decision-making through data analytics, transparency and stakeholder communicatio, sustainability in supply chains, renewable energy integration, digitalization and iot integration.

Market Overview -
Sustainability and energy management software is a digital solution that automates specific operations to monitor energy and sustainability management and energy use. It contains a database on money, energy, resources, and other vital things. These parameters support businesses in monitoring, analysing, and controlling activities.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=8249&type=smp

Rising Investments In Eh&S And Sustainability Initiatives Drive Growth In The Sustainability Software Market
The increase in investments in environment, health & safety (EH&S), and sustainability software is a key factor for driving the sustainability and energy management 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. For instance, in February 2022, ArcelorMittal, a Europe-based steel manufacturing corporation, announced a €1.7 billion ($1.8 billion) investment program by 2030 at its French steelmaking operations in Fos-sur-Mer and Dunkirk, with help from the French government while retaining equal production capacities. This investment would enable a dramatic transformation of steelmaking in France and a total decrease of ArcelorMittal's CO2 emissions in France of close to 40%, or 7.8 million tonnes per year, by 2030. This transition will result in a 10% reduction in greenhouse gas emissions from France's manufacturing industry. Therefore, an increase in investment in environment, health and safety and sustainability software will drive the sustainability and energy management software.

Competitive Landscape -
Major companies operating in the sustainability and energy management software market report are Accuvio lnc., Ecova Inc., Enablon North America Corp., Envizi Pty Ltd., Figbytes Inc., Gensuite LLC, International Business Machines Corporation, ICONICS Inc., SAP SE, Schneider Electric SE, UL EHS Sustainability, British Energy Saving Technology, LogicLadder Technologies Pvt.Ltd., Syam Software Inc., Urjanet Energy Solutions Pvt Ltd, Verisae, CA Technologies Inc., Thinkstep, Siemens AG, Johnson Controls International plc, Honeywell International Inc., Eaton Corporation plc, General Electric Company, Rockwell Automation Inc., Emerson Electric Co., OSIsoft LLC, Yokogawa Electric Corporation, Mitsubishi Electric Corporation, IntegrityNext, EHS Insight, SmartHead, VelocityEHS

Product Innovations Transforming The Sustainability And Energy Management Software Market
Major companies operating in the sustainability and energy management software market are developing advanced energy storage software platforms to gain a competitive edge in the market. For instance, in September 2023, FlexGen Power Systems, Inc., a US-based energy storage technology company launched the HybridOS 11, the latest version of its energy management software platform. HybridOS 11 introduces advanced features aimed at enhancing the user experience, ensuring system stability, and providing greater control over site operations for energy storage asset owners and operators. Key features include an Enhanced User Interface with a Dark Mode option, Scheduler Mode Upgrade for improved event scheduling, Constant Power Factor and Reactive Power POI Limits for comprehensive control, and a Performance Index offering a quick overview of site operations. The platform also introduces a Digital Twin, a cloud-based simulation using machine learning to calculate expected site performance.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/sustainability-and-energy-management-software-global-market-report

Key Segments -

The sustainability and energy management software market covered in this report 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.