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Growing Demand For Clean And Renewable Energy Drives Emission Management Software Market Growth: Strategic Insights Driving Emission Management Software Market Momentum in 2025
Emission Management Software
How Large Will the Emission Management Software Market Size By 2025?
The market for emission management software has seen a rapid expansion in recent years. Projections show it growing from a size of $20.69 billion in 2024 to a whopping $24.6 billion by 2025, progressing at a compound annual growth rate (CAGR) of 18.9%. This substantial growth in the historical timeline has been spurred on by factors such as the necessity to comply with environmental regulations, initiatives related to corporate social responsibility, impacts of globalization and supply chain, energy efficiency objectives, industry-specific emission norms, a shift toward green and sustainable practices, as well as the integration with energy management systems.
How Big Is the Emission Management Software Market Size Expected to Grow by 2029?
Anticipated to see a surge in the ensuing years, the emission management software market is set to expand to a substantial $54.31 billion by 2029, with a 21.9% compound annual growth rate (CAGR). This predicted escalation during the forecast period can be ascribed to more stringent emission reduction goals, the progress towards net-zero targets, and an intensified attention to scope 3 emissions. Other contributing factors include the regulatory demand for transparent reporting, more efficient compliance reporting, enhanced accuracy and reporting of data, and a focus on resilience and adaptation. Notable trends during the forecast period encompass managing carbon footprints, the shift towards solutions based in cloud technology, monitoring emissions through mobile platforms, tools for lifecycle assessments, integration of emission trading platforms, scenario analyses and modelling, partnerships with sustainability initiatives, and the use of IoT and sensor technologies.
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Which Key Market Drivers Powering Emission Management Software Market Expansion and Growth?
The burgeoning need for clean, sustainable energy is predicted to fuel the expansion of the emission management software industry. Sustainable energy is derived from natural resources that regenerate faster than they can be consumed. The employment of renewable energy is on the rise as it helps minimize pollution and greenhouse gas emissions, contributing factors to climate change. Emission management software aids in monitoring and computing air emissions for effective management and reporting purposes. For instance, the UK's Government Digital Service revealed in September 2023 that renewables' generating stake had increased by 3.5 percentage points to 42.1% in Quarter 2 2023 from the same period in 2022. Thus, the escalating demand for clean and sustainable energy is anticipated to spur the growth of the emission management software market.
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Which Fast-Growing Trends Are Poised to Disrupt the Emission Management Software Market?
Key players in the emission management software market, such as GE Vernov, are paving the way with innovative technology solutions like CERius to amplify their profitability. CERius, a carbon emissions management software that was released in September 2023, offers an array of capabilities including greenhouse gas (GHG) data automation, invaluable advice for implementing carbon emissions reduction initiatives, and comprehensive monitoring and management of business operations. This tool is indispensable for maintaining carbon neutrality and executing strategies with greater precision. A few advantages of the software include scenario analysis, collaboration among teams, and standardized reporting in line with GHG protocols. It is engineered to streamline the collection of accurate GHG data and provide strategic insights for driving carbon reduction measures.
What Are the Emerging Segments in the Emission Management Software Market?
The emission management software market covered in this report is segmented -
1) By Component: Software, Service
2) By Product Type: Cloud-Based, Web-Based
3) By Application: Small And Medium Enterprises, Large Enterprises
4) By Industry: Manufacturing, IT And Telecom, Government Sector, Energy And Power, Other Industries
Subsegments:
1) By Software: On-Premises Emission Management Software, Cloud-Based Emission Management Software, Analytics And Reporting Tools, Compliance Management Software
2) By Service: Implementation Services, Consulting Services, Training And Support Services, Maintenance And Upgrades
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Who Are the Global Leaders in the Emission Management Software Market?
Major companies operating in the emission management software market are accenture* PLC, The International Business Machines Corporation, Greenstone Ltd., SAP SE, Cority Software Inc., General Electric Company, Mitsubishi Hitachi Power Systems Ltd., Johnson Matthey PLC, Ducon Technologies Inc., Babcock & Wilcox Co., Accuvio Software, Arolytics, Lakes Environmental Software, EcoAct, The Carbon Trust, Clear Blue Environmental, Dakota Software Corporation, Ecometrica, Enablon Corp., Envirosoft Corporation, FLINTpro, Benchmark Digital Partners LLC, Intelex Technologies Inc., IsoMetrix Software
Which are the Top Profitable Regional Markets for the Emission Management Software Industry?
North America was the largest region in the emission management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the emission management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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