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Carbon Accounting Software Market Qualitative Insights on Application and Outlook by Size, Share, Future Growth 2030 |Net0, Envizi, Carbon Analytics


Digital Journal
infinitybusinessinsights Jul 13, 2023 01:06 PM

The size of the global market for Carbon Accounting Software, which was estimated at USD 12.73 billion in 2022, is expected to increase by USD 64.39 billion by 2030, showing a CAGR of 22.8% over the forecast period, from USD 15.31 billion in 2023. The process of analysing, computing, measuring, and reporting a company's greenhouse gas (GHG) emissions for auditing is called carbon accounting software. Utilising this software enables businesses to improve their carbon release management. Better financial opportunities for businesses are made possible because investors are more inclined to fund a company that strives to reduce its carbon emissions. This promotes greater transparency among interested parties and prospective investors.

As a result, a number of major industry participants are developing novel solutions to aid businesses in better managing their carbon emissions. For instance, McKinsey introduced Catalyst Zero in July 2022. This end-to-end decarbonization solution helps clients identify and get rid of carbon from their business activities. Catalyst Zero combines competence in transformation, sector-specific high technology, and sustainability. Joining the initiative to achieve net-zero emissions by 2050 are a number of businesses. To maintain industry position in such a situation, carbon accounting and seeking outside help to manage carbon emissions would be essential.

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Who are the Top Key players operating the global Carbon Accounting Software Market:

Net0, Envizi, Carbon Analytics, Sphera, CarbonetiX, BraveGen, The Carbon Accounting Company, Normative, Emitwise, Planetly, Pangolin Associates, Plan A, Evalue8, Carbonstop, Carbonbase, Anhui Donggao

Carbon Accounting Software Market, By Segmentation:

Carbon Accounting Software Market segment by Type:
Cloud-Based
On-Premise

Carbon Accounting Software Market segment by Application:
Power Generation
Iron and Steel
Cement
Chemical
Oil and Gas
Non-Ferrous Metal
Others

The market is researched in China, the United States, India, Russia, and other countries. In 2022, China held the largest market share. The semiconductor, electronics, and pharmaceutical industries are expanding, which has led to an increase in greenhouse gas emissions. China is therefore regarded as one of the countries that emits the most CO2 as a result of the energy sector. Furthermore, China alone is responsible for a sizable portion of the world's coal-fired power facilities. The United States heavily depends on electricity to meet its energy needs. The primary aspect affecting emissions is the kind of energy source used to produce power. As a result, the country's main consumer of coal is the electric power industry. 

The COVID-19 pandemic has had a significant negative impact on the world economy due to the widespread implementation of lockdowns. Due to increased government efforts to start regulating carbon emissions, the market was unaffected during the epidemic. Investors, consumers, and even staff are driving the transition to sustainable company practises. Additionally, reporting on carbon footprint assessment is becoming quicker and simpler because of the use of technologies like blockchain in supply chains and logistics. Additionally, better data management enables suppliers to compute emissions more precisely and transparently.

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Carbon emissions in the construction industry are reduced by using digital twin technology in carbon accounting software. Technology for digital twins is essential to the decarbonization of the environment. A digital twin is a computer programme that simulates a physical entity, such as a building or a service, using data from the real world. Predicting how a process or product will perform and optimising every area of design, construction, operations, and management are both helpful. Digital twins are also used by city planners, building owners, and governments to manage, track, and reduce emissions from both new and existing buildings during development. Additionally, it forecasts traffic patterns or regulates the temperatures in each room. 

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Table of Content
Chapter 1: Global Carbon Accounting Software Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Carbon Accounting Software market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Carbon Accounting Software Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Carbon Accounting Software market Size Forecast (2023-2030).
Continue...

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